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Nigerian Students Abroad Protest The Ban On The Use Of Naira ATM Cards. - Travel (4) - Nairaland

Nairaland Forum / Nairaland / General / Travel / Nigerian Students Abroad Protest The Ban On The Use Of Naira ATM Cards. (34963 Views)

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Re: Nigerian Students Abroad Protest The Ban On The Use Of Naira ATM Cards. by yehmi01(m): 12:29pm On Dec 26, 2015
Keneking:
Where is lalasticlala sef undecided

+ I noticed that the handwriting of our foreign students are pathetic. Can't they write in Arial or Verdana or Times News Roman straight font. cry

+ $1,000 a month spend is a lot of money ie N200,000 shocked

+ CBN approves academic tuition overseas from Nigeria with priority.

+ Housing can be paid from Nigeria.

+ Handouts are not sold overseas.

+ Basically, you need cash for transportation (which is at times free), feeding allowance and entertainment. So that $1,000 is still too much.

+ You can buy food ingredients from Nigeria to conserve forex.

+ Clubbing is cheap.

+ I don't understand why they are complaining.

PS: where can I get a boxing glove? Its boxing day

Even students of Abia State University dont require such budget per semester.Where is lalasticlala sef grin

I got a mail from GTB telling me I have only 1000 dollars which its just fine by me if that's all the government say they can allow per month.

but all the ATM here say invalid transacation since this news broke out.

No atm is diapensing anymore and school fees needa to be paid by January so the 1000 limit is a scam.

no ATM is giving out cash to naira ATM card holders any more.

3 Likes 1 Share

Re: Nigerian Students Abroad Protest The Ban On The Use Of Naira ATM Cards. by Bollinger(m): 12:29pm On Dec 26, 2015
EternalTruths:



This is what you get when you vote a man who couldn't pass his O level against a PHD holder


Nigerians in London were the greatest pro Buhari.

They have no right to protest. grin

And how was your living standards when the PhD holder was president?

3 Likes

Re: Nigerian Students Abroad Protest The Ban On The Use Of Naira ATM Cards. by Bollinger(m): 12:33pm On Dec 26, 2015
Keneking:
Where is lalasticlala sef undecided

+ I noticed that the handwriting of our foreign students are pathetic. Can't they write in Arial or Verdana or Times News Roman straight font. cry

+ $1,000 a month spend is a lot of money ie N200,000 shocked

+ CBN approves academic tuition overseas from Nigeria with priority.

+ Housing can be paid from Nigeria.

+ Handouts are not sold overseas.

+ Basically, you need cash for transportation (which is at times free), feeding allowance and entertainment. So that $1,000 is still too much.

+ You can buy food ingredients from Nigeria to conserve forex.

+ Clubbing is cheap.

+ I don't understand why they are complaining.

PS: where can I get a boxing glove? Its boxing day

Even students of Abia State University dont require such budget per semester.Where is lalasticlala sef grin

The Nigerian mentality at it's finest. Suffer no good at all. This guy is telling them how to spend their money. Transportation is free. Clubbing is cheap. You can buy food from Nigeria. No be dollar you go take process am? Really? Na wa for una i swear.

2 Likes

Re: Nigerian Students Abroad Protest The Ban On The Use Of Naira ATM Cards. by dotunson(m): 12:34pm On Dec 26, 2015
I guess most people don't understand the reason my restriction was put on atm. People think its to stop people from laundering money. It's way deeper than that. Its actually to save our foreign reserve

1 Like

Re: Nigerian Students Abroad Protest The Ban On The Use Of Naira ATM Cards. by adino(m): 12:34pm On Dec 26, 2015
[size=15pt]LET THEM COME HOME ASAP AND ENJOY THE CHANGE THEY HAVE BEEN CLAMORING FOR!
SAIII CHANGEEE!
Note: Can somebody garnish this lovely thread with that picture of those ancient dancing men shouting change, change.[/size]
Re: Nigerian Students Abroad Protest The Ban On The Use Of Naira ATM Cards. by jonny86(m): 12:35pm On Dec 26, 2015
Are we to pay for the sins of those that loot our common wealth. If this is not corrected soon, Nigeria students abroad, the future leaders won't be able to pay and meet their daily bills. Is already bad that the Nairn has depreciated since Buhari came on board and this is hitting us bad. Now we can't even access the little money in our account via ATM. Nigeria banks charges exorbitant rates on each withdraws and reducing the daily withdraws further jeans more money for the banks. Is becoming obvious that Buhari that really value education. Is already bad that 1pounds is not 420 Naira and yet they have limit they further reduce daily withdraw. I thought Buhari said during his campaign that he will make dollar equal to Naira.

1 Like 1 Share

Re: Nigerian Students Abroad Protest The Ban On The Use Of Naira ATM Cards. by Royals1st: 12:40pm On Dec 26, 2015
This change u guys voted for before u can use ur card u can walk in to bank and buy BTA but u ppl want change so is this not change?
Re: Nigerian Students Abroad Protest The Ban On The Use Of Naira ATM Cards. by organicfoods(m): 12:40pm On Dec 26, 2015
brunofarad:
Personally
I don't know the wisdom behind this ban embarassed
Let me explain to you... You will pity everybody, when you use your naira ATM abroad you get dollars for Naira. The exchange rate is so volatile that if you withdraw at 250 Naira two weeks ago, your bank will be clearing the debt on your behalf at 295 Naira today... Usually the ATM operator reconcile your spending spree with your bank at current exchange rate... Your banks do not accept dollar deposit anymore to offset their bills due to CBN regulations...so you can see the conflicts... Naira is on a free fall for now. Good news for exporters.

4 Likes 1 Share

Re: Nigerian Students Abroad Protest The Ban On The Use Of Naira ATM Cards. by JayJustus(m): 12:42pm On Dec 26, 2015
and i have been withdrawing with my gtb card...I don't care...we have our ways of getting money....thunder fire cbn

1 Like

Re: Nigerian Students Abroad Protest The Ban On The Use Of Naira ATM Cards. by shepherdnoble: 12:43pm On Dec 26, 2015
Sadist govt.
Re: Nigerian Students Abroad Protest The Ban On The Use Of Naira ATM Cards. by JayJustus(m): 12:43pm On Dec 26, 2015
Moahmed:


Guys stop wailing, CBN took the right descision. You can send money via ria., money gram, western union, transfast etc. Must tou use your naira denominated card abroad?

tell them oooo
Re: Nigerian Students Abroad Protest The Ban On The Use Of Naira ATM Cards. by adeosunramsey(m): 12:43pm On Dec 26, 2015
It a wasn't funny yesterday as I was highly embarrassed at a particular mall in abudhabi when I purchased some items worth of 250 dirhams now for me to pay with my nairacard. The cashier told me at first that sir u ve insufficient balance which I told her to reduce the amount to half while I pay the balance by cash, surprisingly she repeated the same statement again of insufficient balance which I later demanded for my atm card so as to withdraw from a nearby machine and pay for my items but I was shocked checking my balance and yet find it difficult to withdraw. I think the government should find a better option for this development to safe a life of Nigerians Diaspora.

1 Like

Re: Nigerian Students Abroad Protest The Ban On The Use Of Naira ATM Cards. by holaralph(m): 12:54pm On Dec 26, 2015
IT IS ONLY A WICKED AND CORRUPT PERSON THAT WILL KICK AGAINST THE NEW CBN LAW, MOST NIGERIANS THAT I KNOW ARE EXTREMELY STUPID WHEN IT COMES TO GOING ABROAD TO SPEND.............. AS A FOREX CURRENCIES TRADER ITS A GOOD WAY TO GO....... AND ITS IN THE UTMOST AND BEST INTEREST OF THIS GREAT NATION NIGERIA. SO WHY HULLABALOO......... THOSE THAT ARE AGAINST THE NEW CBN NAIRA ATM LAW MIGHT NOT UNDERSTAND THE POSITIVE AND NEGATIVE EFFECT IT WILL HAVE ON THE NIGERIA ECONOMY. AS FOR ME AM IN SUPPORT OF IT......

2 Likes

Re: Nigerian Students Abroad Protest The Ban On The Use Of Naira ATM Cards. by GeneralShepherd(m): 1:02pm On Dec 26, 2015
Moahmed:


Guys stop wailing, CBN took the right descision. You can send money via ria., money gram, western union, transfast etc. Must tou use your naira denominated card abroad?

When I was studying my house rent alone for a quarter was £1200 which is about $1750. How will an allowance of $1000 quarterly cover this?

People that study in London can sometimes pay double or even triple that amount in accommodation costs alone

1 Like

Re: Nigerian Students Abroad Protest The Ban On The Use Of Naira ATM Cards. by yehmi01(m): 1:15pm On Dec 26, 2015
JayJustus:
and i have been withdrawing with my gtb card...I don't care...we have our ways of getting money....thunder fire cbn

please which country are u in cos my own GTB has stopped giving me cash ohh.

and to think I was sending cash home to save in nija and now I can't get my cash back.
Re: Nigerian Students Abroad Protest The Ban On The Use Of Naira ATM Cards. by sholatech(m): 1:16pm On Dec 26, 2015
goodlifehyd:
Still surprised why that cbn governor haven't been served the right letter. Someone who doesn't know the implication of giving Dasuki millions of dollars. Someone who the dollars took a nose dive under his watchful eyes and had his arms folded like a jjc
And you think the idea is his and not the President? He is working on the Presidential order not to devalue the Naira and protect the reserves. Both the Presidnet and VP have reiterated this severally
Re: Nigerian Students Abroad Protest The Ban On The Use Of Naira ATM Cards. by claremont(m): 1:19pm On Dec 26, 2015
I don't understand the uproar about this ban on Naira cards. Most people who traveled for study overseas in 2009 and earlier never used these Naira cards, and we still were able to get access to our living expenses. There is nothing wrong in carrying your living expenses as cash and depositing it in a foreign bank account as soon as you arrive at your school. The bank will then give you a proper Mastercard or Visa, not this Naira card trash.

In 2009, I used the black market at MMA to convert my living expenses to GBP. No qualms whatsoever.

2 Likes 2 Shares

Re: Nigerian Students Abroad Protest The Ban On The Use Of Naira ATM Cards. by JayJustus(m): 1:26pm On Dec 26, 2015
yehmi01:


please which country are u in cos my own GTB has stopped giving me cash ohh.

and to think I was sending cash home to save in nija and now I can't get my cash back.

malaysia sir
Re: Nigerian Students Abroad Protest The Ban On The Use Of Naira ATM Cards. by sevo(m): 1:37pm On Dec 26, 2015
I thought d spelling of buhari's name was intentional... Not until I saw d spelling of government. Which kain life be dis....no wonder CBN ban ATM cards outside naija.
Re: Nigerian Students Abroad Protest The Ban On The Use Of Naira ATM Cards. by yehmi01(m): 1:38pm On Dec 26, 2015
JayJustus:


malaysia sir

OK thanks

when last did you use the ATM.

I still tried mine christmas Eve and nothing was given and i am fast looking for plan B.


I guess i might just open a thread on NL for people who need naira in place of Pounds or dollars or Rands.

so we go back to trade by bata jeje. grin

This matter no funny sha ohh.
and I don't have time to play any blame game. I would rather look for a solution and let the situation work in my favor.

3 Likes

Re: Nigerian Students Abroad Protest The Ban On The Use Of Naira ATM Cards. by punkyellla(f): 1:40pm On Dec 26, 2015
Firefire:


They are wasting their time protesting.

They better start coming back home to continue the Sai Baba, ranting in a foreign land will never help them.

Goats!
Re: Nigerian Students Abroad Protest The Ban On The Use Of Naira ATM Cards. by presidentMZ: 1:43pm On Dec 26, 2015
Does these kids knows how to write ATM CARDS? Or ATM cars? Heheh mumus.
This policy is to help prevent those Operating BDC from their dollars transportation fraud,

I love PMB my President!
Re: Nigerian Students Abroad Protest The Ban On The Use Of Naira ATM Cards. by ayodele123(m): 1:43pm On Dec 26, 2015
U said the government means well and if it means well, then we should bear the effects of the policy to achieve the proposed goal. The pain will be temporary. The problem we have is that we are a selfish and self centered people.We are being called upon to adjust as the economy is being repositioned but nobody wants the adjustment that will affect him.

1 Like

Re: Nigerian Students Abroad Protest The Ban On The Use Of Naira ATM Cards. by onyxo76(m): 1:48pm On Dec 26, 2015
adeosunramsey:
It a wasn't funny yesterday as I was highly embarrassed at a particular mall in abudhabi when I purchased some items worth of 250 dirhams now for me to pay with my nairacard. The cashier told me at first that sir u ve insufficient balance which I told her to reduce the amount to half while I pay the balance by cash, surprisingly she repeated the same statement again of insufficient balance which I later demanded for my atm card so as to withdraw from a nearby machine and pay for my items but I was shocked checking my balance and yet find it difficult to withdraw. I think the government should find a better option for this development to safe a life of Nigerians Diaspora.
bros please whats the exchange rate for dollar to dhirams currently? i'll be in dubai as from next week...is it at official rate of 3.67 to 1 dollar?
Re: Nigerian Students Abroad Protest The Ban On The Use Of Naira ATM Cards. by Skimpledawg(m): 1:49pm On Dec 26, 2015
Keneking:
Where is lalasticlala sef undecided

+ I noticed that the handwriting of our foreign students are pathetic. Can't they write in Arial or Verdana or Times News Roman straight font. cry

+ $1,000 a month spend is a lot of money ie N200,000 shocked

+ CBN approves academic tuition overseas from Nigeria with priority.

+ Housing can be paid from Nigeria.

+ Handouts are not sold overseas.

+ Basically, you need cash for transportation (which is at times free), feeding allowance and entertainment. So that $1,000 is still too much.

+ You can buy food ingredients from Nigeria to conserve forex.

+ Clubbing is cheap.

+ I don't understand why they are complaining.

PS: where can I get a boxing glove? Its boxing day

Even students of Abia State University dont require such budget per semester.Where is lalasticlala sef grin
GREAT IKENGA
Re: Nigerian Students Abroad Protest The Ban On The Use Of Naira ATM Cards. by ayodele123(m): 1:50pm On Dec 26, 2015
U said the government means well and if it means well, then we should bear the effects of the policy to achieve the proposed goal. The pain will be temporary. The problem we have is that we are a selfish and self centered people.We are being called upon to adjust as the economy is being repositioned but nobody wants the adjustment that will affect him. Then how will the change come ?
OP,you say U do not like a tepid approach
Suggest alternatives that can be implemented to achieve the desired result.Or are U just criticizing?

1 Like 1 Share

Re: Nigerian Students Abroad Protest The Ban On The Use Of Naira ATM Cards. by 1miccza: 2:18pm On Dec 26, 2015
bigtt76:
Nice one.... We can't get dollar to buy yet you ban Naira Cards. OK we buy from mallam as BDCs and Banks won't sell to us, we can't deposit into the bank.

Must everyone be involved in business or get people to wire from abroad funds into domicilliary accounts before we can use the dollar cards?

Are these people not madt? angry

Noooo maam they are not madt,what they have is a combination of crase in pidgin English and madness.. This is Buharinomics and Emefielenomics @ work Shhhhaaaaanngggeeee!!!!!!!! SHEY BabaaaaaaaAa!!!!!!

1 Like 1 Share

Re: Nigerian Students Abroad Protest The Ban On The Use Of Naira ATM Cards. by dotunson(m): 2:32pm On Dec 26, 2015
bonechamberlain:
I wonder what this govt was smoking when they implemented such draconian and harsh policy.

the first thing was to provide dollar ATM cards for them first before implementing that wicked policy.


Dollar ATM is still working. Its only naire card that won't work.
Re: Nigerian Students Abroad Protest The Ban On The Use Of Naira ATM Cards. by abnur14(m): 2:32pm On Dec 26, 2015
I also don't understand the benefit of this ban how do they want us to receive money.. he has already set limits for what 1 individual can send abroad through money gram within 3 months if my popsi sends d money to my broda studying in anoda country what about me wld I wait for three months to receive my monthly allowance...I hope they discard all this political strategies they are trying to implement and consider others..cum on... this is selfish...
Re: Nigerian Students Abroad Protest The Ban On The Use Of Naira ATM Cards. by bonechamberlain(m): 2:35pm On Dec 26, 2015
dotunson:



Dollar ATM is still working. Its only naire card that won't work.
i am not talking about dollar atm but dollar denominated atm card which many people dont know about..
Re: Nigerian Students Abroad Protest The Ban On The Use Of Naira ATM Cards. by dotunson(m): 2:40pm On Dec 26, 2015
sholatech:

And you think the idea is his and not the President? He is working on the Presidential order not to devalue the Naira and protect the reserves. Both the Presidnet and VP have reiterated this severally


Most people don't get this. They think CBN just created the policy from their dream without any reason. If we had continued the with the old ways of getting forex we wild have bn worst than this

1 Like

Re: Nigerian Students Abroad Protest The Ban On The Use Of Naira ATM Cards. by Nobody: 3:36pm On Dec 26, 2015
yehmi01:


I got a mail from GTB telling me I have only 1000 dollars which its just fine by me if that's all the government say they can allow per month.

but all the ATM here say invalid transacation since this news broke out.

No atm is diapensing anymore and school fees needa to be paid by January so the 1000 limit is a scam.

no ATM is giving out cash to naira ATM card holders any more.
my mother in law still withdrew some money using her naira visa card yesterday. access bank by the way.

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