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Saturday, 26 December 2015

Photos: Nigerian Students Abroad Protest CBN Ban On Use Of Naira ATM Cards

Following the Central Bank of Nigeria (CBN) ordered on Monday that commercial banks  stop customers from using their debit and credit cards outside the country.
Nigerian students and Nigerians who travel abroad regularly and use their local cards for shopping and other transactions may be affected.
This directive is obviously not going well with Nigerian students abroad who recently protested the Apex bank directive.
The directive, which takes effect from January 1, 2016, will no doubt affect access to foreign online retailers. The measure is seen as part of Federal Government’s efforts to obstruct the flow of foreign exchange out of the country following the intense pressure on the naira in the past week, crossing an all time high of over N280 to the dollar.
Following the latest development, banks are beginning to communicate the apex bank’s directive to customers noting that it is a “temporary measure”. 
Nigerian government should expect more of this if no alternative is put in placed.
This girls father's occupation though, lolxx!!

Photocredit: Gist4kids

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