₦airaland Forum

Truth234:
[s]This is the last time I will respond to you or your likes, there was a card limit for oversea transactions, the CBN alleged that some individuals were spending way above the stipulated limit, leaving DMB with huge responsibility to offset those transactions. Hence, prompting the CBN to direct commercial banks to enforce the official limit, when that didn't work because commercial banks were profiting from oversea transactions due to high exchange rate, the CBN outright ban oversea spending on Naira domiciled cards.

These moves are to curb foreign reserves depletion and simultaneously inject liquidity into the FX market[/s].

Truth234:
[s]CBN implemented card restriction recently because of frivolous spending of some Nigerians abroad. Spending above the stipulated limit, these habits hurt our foreign reserves as the cbn needs to use it to offset these payments.

If FG needs $30 billion to help augment foreign reserves and stimulate the economy, imagine what idle $20 billion can do[/s].

demmahomidi:
THE REASON 20B USD IS SITTING IDLE IN ACCOUNTS IS BECAUSE CBN HAS MADE IT IMPOSSIBLE FOR PEOPLE TO USE THEIR MONEY. CARDS DO NOT WORK, THEY CANNOT TRANSFER AND CANNOT WITHDRAW. This policy will deal the final blow to the naira. We are still waiting for policies and regulation like low interest finance and production clusters for adding value to rawmaterials and the production of intermediate goods -policies that will actually encourage diversification. Not all these noise about forex.

hopeforcharles:
hahahahahahahahaha i swear if baba catch you na 10 years be ur ban

IVORY2009:
Out of point bro wat does this got to do with the topic @ hand?

sarrki:
[s]What is you senator, federal house of rep member,

State house member, local govt chairman & state governors doing ?

We only come here to make noise about baba

Didn't they collect what is accrue to them ?[/s]

FSBoperator:
You are hearing voices in your head.


Try thorazine, it helps keeps the voices in your head down

mrvitalis:
[s]Ignorance of Nigerians are just baffling.. . So u guys will be happy if we continue to import cheap goods from outside??

The hardship u see today is because of two things, one there is no more enough oil money, two the banning of imported items we can produce

When u ban imported items, price increases and that leads to increase profit and this in turn drows in investors and then market forces forces the price down


Buhari means well for Nigeria and i am still waiting for anyone to prove me otherwise


And see ministers appointments had no effect as the perm sec became acting ministers[/s]

duwdu:
[s]Lots of guys are really misinformed in this our Obodo Naija... How on earth do people expect a government to decently function without people having to pay tax on goods and services?

For what it's worth, most previous governments in our country were dubious when it came to the issue of taxes on goods and services - pretending as though there were none, or ignoring to collect them, so as not to disrupt/disturb the apple cart. That facilitates their winnng elections, when, in fact, the government anywhere can't function without taxes! As a result, you and me have been deceived — and spoilt — over the years, guys. To me, the important things is to hold the government accountable for all revenues it generates, so as to fan development.

And, to the OP: I have a feeling this will turn out to be the case of someone confusing a directive by the NCC for networks to collect lawful taxes due on data, with the expected increase in data rates as a result! I hope I'm not wrong, because then it will be sad indeed if the NCC should now start meddling in how much the networks prescribe as own base charge for own data service (before lawful taxes are applied.) In other words, God forbid a revert to the era of price control!

Competition, they say, IS good — for both business and consumer.

Good luck, everyone.

P34c3
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bashydemy:
Exactly that what you are.

back2sender:
[s]Wike naa defender of the judges so make he give justice to aluu 4 killed under GEJ. After all he leave im house for 2 am to go and defend a corrupt judge in Port Harcourt Mansion[/s]

back2sender:
[s]Has Wike given justice to aluu 4 killed under GEJ[/s].

orunto27:
[s]We have one CAN in which all Christians(Jesuits, Jewish, Pentecostals, Evangelists of all shades etcetera) are registered. IMN should be registered to include all Islamists(Muslims, Moslems, Shiites, Sunnis etcetera).In Nigeria, we don't want separate Shiites moving around, killing all our Chiefs of Staff, Traditional Rulers and our prominent citizens like fowls. Enough of their nonsense and the U.S. pleading for them to be accommodated in the Nigerian systems to cause unlimited catastrophe. They are from Iran and Iraq. They should go back to where they came from[/s].

ayodotcom:
[s]I have no sympathy for people who are terrorists hiding under the guise of religion. A peaceful protest and they carry cutlass, so they should b ready for whatever comes their way[/s]

bashydemy:
[s]Use your brain now, What is her mother doing among the protester and rioters? Did they shoot her inside her parents home?


RIP to the little girl, I feel bad[/s].

barcaboi:
[s]bitter truth pill is only repelled by ignorant ones[/s].....

back2sender:
[s]Has Wike given justice to aluu 4 killed under GEJ. Students were butched and burnt like chicken by fedora cap people and GEJ LED GOVT did nothing and some people want a university to be sited in ijaw land[/s].