Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,165,856 members, 7,862,805 topics. Date: Monday, 17 June 2024 at 07:02 AM |
Nairaland Forum / Nairaland / General / Business / Banks In Dilemma Over Idle $5bn Deposits (36907 Views)
Addax Plans $5bn Investment In Nigeria / How To Recharge From Various Banks In Nigeria / CBN Bans Deposits Into Domiciliary Account (2) (3) (4)
(1) (2) (3) (4) (Reply) (Go Down)
Re: Banks In Dilemma Over Idle $5bn Deposits by Goke7: 10:10am On Aug 26, 2015 |
teejaykkr: whoever thinks otherwise is permitted to WAIL, WAIL AND WAIL 1 Like |
Re: Banks In Dilemma Over Idle $5bn Deposits by Rick9(m): 10:12am On Aug 26, 2015 |
repogirl:Yes aunty no time to waste oh 1 Like 1 Share |
Re: Banks In Dilemma Over Idle $5bn Deposits by erico2k2(m): 10:13am On Aug 26, 2015 |
rusher14:This is why people fail English,these deposit are hard currencies they cannot sell cos of the new monitory policy kai is this hard to understand at least this is not grammar.Do bank sell naira to Nigerians in Nigeria? have you asked yourself how possible would it be for the banks to withhold Niara without closing the banks itself like the case of greece ATMs in Nigeria cant give dollars hence its in thier volts, if we have such ATM it would be diffrent matter.So read again, these are physical hard currencies not just figurs,For the banks to convert them to naira means they have sold them to me and you where this is not the case as suggested here the green back remains in its green state do you understand it now? its easy as ABC no conversion to naira can occur without the sales of teh said sum.If u cant understand this simple ABC wey my 12 year Old go understand that means I rest my case. cos your own E far. |
Re: Banks In Dilemma Over Idle $5bn Deposits by repogirl(f): 10:15am On Aug 26, 2015 |
Rick9:I know, am working on it to give you guys the best, you sef know na. |
Re: Banks In Dilemma Over Idle $5bn Deposits by rusher14: 10:18am On Aug 26, 2015 |
erico2k2: Stop trying to be argumentative. My first statement was simple and still is. Nigerian banks hold as much as 1 trillion naira which at the moment is idling away. Whatever the funds could and should be used for is defeated if all it does is idle away. 1 Like |
Re: Banks In Dilemma Over Idle $5bn Deposits by vivaciousvivi(f): 10:22am On Aug 26, 2015 |
They should pose that question to the CBN, specifically the CBN Guv. Its his policy and they all should have known that it would come to this at some point. I guess they should just leave it as deposits in the vaults. It could help ballon their Qtr3 Balance sheets. Hopefully by the next financial Quarter, the CBN would advise |
Re: Banks In Dilemma Over Idle $5bn Deposits by Atlantian: 10:23am On Aug 26, 2015 |
This is the change we voted for; Brace up people, we are in for a free fall. By making the dollar look like an illegal tender, the banks will lose the values of the dollars and their gains will be eroded. And in a scenario where deposit money banks lose money, they transfer their desperation on their customers in a venture capitalist methodology. The interest rates will go down on our deposits. There will be increased in parallel fx markets, atleast we have another called 'electronic dollar rates now' and the entire system will face marginal fluctuation differences. This is not good for the Nigeria Economy at least for the masses. I understand that the foreign reserves will keep increasing, after all, Buhari has not initiated any infrastructural expenses since he was sworn in, so he basically spends on salaries and the system is on comatose, while reserves pile up. But for the common-man on the street, the price of commodities will be up. Why ? Because our importers can not access hard currencies in time and at the same rates that was applied during a sane era. The politicians will not care, after all they can launder the funds through the churches as always. The churches with private jets, that dont pay their taxes, will certainly load their cargo areas with 'donations' meant to 'build cathedrals' in "Angola". And they are way too holy to be subjected to searches. By and large, I figure out that the only business that a crudely smart mentality person sees here, is to courier your dollars and smuggle them through the Idiroko border into Togo, and wire out from there to import your goods. Welcome to Change my great voters. Welcome to quack economic monetary control. SOLUTION: Nigeria must act now, as if there is no oil. Because the fall in prices of oil, our only source of revenue is our bane. The Federal Government must abrogate their ownership of land and the resources therein to individual owners, so we can mine our resources individually as states and local government and compete economically. We have so much coal in Enugu and Ebonyi, yet the states cant extract it, because it belongs to Federal Government, and Federal Government prefers to destroy Niger Delta in search for oil, while abandoning coal and other areas. Buhari is already too old to understand that he cant run this country, and he needs a cabinet, but he is used to being a dictator. Goodluck Nigeria, the Messiah we will never have again is happier. 1 Like |
Re: Banks In Dilemma Over Idle $5bn Deposits by tonjeola(m): 10:40am On Aug 26, 2015 |
Just passing.. |
Re: Banks In Dilemma Over Idle $5bn Deposits by avenger74(m): 10:41am On Aug 26, 2015 |
bring me the dollar i want to buy bb me 556C5EC6 |
Re: Banks In Dilemma Over Idle $5bn Deposits by erico2k2(m): 10:46am On Aug 26, 2015 |
rusher14:I think You now understand the point. |
Re: Banks In Dilemma Over Idle $5bn Deposits by cecegorz(m): 10:49am On Aug 26, 2015 |
vivaciousvivi: It's actually the opposite Vivi. Banks are losing money because these assets are IDLE! You can't trade them to make revenue, yet you pay pool charges to CBN for keeping them. Burning your candle from both ends never grows the stick. |
Re: Banks In Dilemma Over Idle $5bn Deposits by christinie(f): 10:54am On Aug 26, 2015 |
Goke7:you are not smart. |
Re: Banks In Dilemma Over Idle $5bn Deposits by CSTR2: 11:01am On Aug 26, 2015 |
The austerity of 1984. smh. |
Re: Banks In Dilemma Over Idle $5bn Deposits by Adema250(m): 11:03am On Aug 26, 2015 |
someone should pls help a brother, i have severe eye problems https://www.nairaland.com/2552232/need-urgent-pls-eye-defect#37329957 |
Re: Banks In Dilemma Over Idle $5bn Deposits by tabaralph: 11:16am On Aug 26, 2015 |
This simply means that no more business as usual for those thieving politician who launders and transfer millions of dollar to their foreign acct,those wt raw cash dollars will be forced to sell to the black market at ridiculously lower rate,hence the rate of dollar to naira wl automatically fall,foreign reserve wl increase and nigeria economy will be better for it,remember 1984 when BUARHI changed the money those politican that stole our money were dissapointed,the samething wl happen soonest and nigeria will be great again![color=#990000][/color] 1 Like |
Re: Banks In Dilemma Over Idle $5bn Deposits by benzion72(m): 11:37am On Aug 26, 2015 |
Simple thing Baba Buhari should freeze all domiciliary account and ask each person to provide document to back up his dollar. Any one without genuine source should forfeit his dollar. |
Re: Banks In Dilemma Over Idle $5bn Deposits by vivaciousvivi(f): 12:14pm On Aug 26, 2015 |
cecegorz: Banks assets are always idle at some point are they not? They don't lend or trade with all of them. What am I saying is that their Q3 Financial Report would look good pending when CBN's new medium term directive comes. |
Re: Banks In Dilemma Over Idle $5bn Deposits by menxer: 12:26pm On Aug 26, 2015 |
kenny987: choice indeed, as if all Nigerians can make such. you speak of government as an entity different or separate from Nigerians. |
Re: Banks In Dilemma Over Idle $5bn Deposits by menxer: 12:32pm On Aug 26, 2015 |
erico2k2: no be ordinary jealousy, it's garnished with bad Belle me wey school for Nairaland, why I no go jealous them? as if that would put food on my table. |
Re: Banks In Dilemma Over Idle $5bn Deposits by kayo80(m): 12:51pm On Aug 26, 2015 |
fishbone11: Yea. They would also testify when they start to experience its side effects. |
Re: Banks In Dilemma Over Idle $5bn Deposits by cecegorz(m): 12:53pm On Aug 26, 2015 |
vivaciousvivi:Oh yes. But I can bet that banks will rather not be sitting on a large balance sheet with a dwindling Net interest margin. |
Re: Banks In Dilemma Over Idle $5bn Deposits by vivaciousvivi(f): 12:57pm On Aug 26, 2015 |
cecegorz:I get you now. Makes sense |
Re: Banks In Dilemma Over Idle $5bn Deposits by Nobody: 2:58pm On Aug 26, 2015 |
christinie: Hello cutie. |
Re: Banks In Dilemma Over Idle $5bn Deposits by fishbone11(m): 3:12pm On Aug 26, 2015 |
kayo80:Everything in life have side effect my brother...I think this will help with the use and side effect. www.drugs.com/tramadol.html |
Re: Banks In Dilemma Over Idle $5bn Deposits by Nobody: 3:13pm On Aug 26, 2015 |
kenny987: Sharrap joor...no be you want change? But £500/month is fucking expensive oh! Which kain house be dat? Na mansion? Na so house cost reach for U.K? Diariz godu oh! |
Re: Banks In Dilemma Over Idle $5bn Deposits by christinie(f): 3:21pm On Aug 26, 2015 |
drlawizle:Do I sound like am tripped by sweet names? |
Re: Banks In Dilemma Over Idle $5bn Deposits by kenny987(f): 3:25pm On Aug 26, 2015 |
drlawizle: If u take time to read my posts u would know I already saw through the change sham from day 1 and never supported it. At least not this APC /Buhari packaging. I will refrain from being rude to u as u were in responding to my post. I am talking of a room in London not flat o! Some cost up to £600 or more depending on the size. Outside London is cheaper. |
Re: Banks In Dilemma Over Idle $5bn Deposits by kenny987(f): 3:33pm On Aug 26, 2015 |
menxer: Yes, it is a choice and no, not everyone can make it. However it is the duty n obligation of the govt to fix n maintain a sound economy n educational system so Nigerians do not feel like they have to make the choice, like it's a privilege or that studying at home guarantees a mediocre level of education at best while foreign education is of abetter/higher standard. For instance, a greater percentage of US, UK and Canadian citizens have never travelled out of their countries and don't know much about other countries because their systems work! They are guaranteed good education and all other things like health care, jobs security and so on so they don't have to travel to 'develop ' themselves or seek greener pastures. If a Canadian studies in the UK for instance, it is a choice! That is what it should be. |
Re: Banks In Dilemma Over Idle $5bn Deposits by Nobody: 3:35pm On Aug 26, 2015 |
christinie: Oh sorry. |
Re: Banks In Dilemma Over Idle $5bn Deposits by Nobody: 3:38pm On Aug 26, 2015 |
kenny987: C'mon don't tell me you can't recognize a joke when you see one....so just a room as in room and parlour for £600??! What are d side attractions? |
Re: Banks In Dilemma Over Idle $5bn Deposits by kenny987(f): 3:44pm On Aug 26, 2015 |
drlawizle: Lol...ok u got me. No, I'm talking of a single room with bed, chair, reading table, toilet n bath. Outside London is cheaper though. U can get flats for £300/month depending on the area. Use Google na n check for flats in London make u see prices. |
Fidelity Bank Appoints Mustapha Chike-Obi As New Board Chairman / Childhood Throwback Photo Of Herbert Wigwe, CEO Of Access Bank PLC / Amusing Names Nigerians Give Naira Notes
Viewing this topic: 2 guest(s)
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 55 |