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Banks Reduce Withdrawal Limits On ATMs To N60k Daily Foreign Spending Also Limited To $300
In the new arrangement, all ATMs that were enabled for domestic and foreign transactions have been restructured to limit Naira cash withdrawal at ATMs from N150,000 per day to N60,000 per day while foreign currency is $300 per day.
The new arrangement has separated traditional ATM from MasterCard credit card where the former has now been deactivated and can no longer be used for transactions abroad.
Henceforth, a single ATM card serves for transactions for both domestic and abroad.
Also, the restructured cards now have spending limits on POS/eCommerce (online shopping) at $300 (about N60,000) per day. Before this, the limit was N2 million per day.
In a communication to the customers, the bank explained:
“In view of the increased difficulty in sourcing foreign currency to settle international transactions on Naira MasterCards, we have reduced the daily international spending limit on your Naira MasterCard to $300.This means that you can only spend up to $300 daily when using your Naira MasterCard for international payments via POS and online.
“You will, however, continue to have the option of paying for medical bills, school fees, mortgages and credit cards using Form A, as these are eligible transactions for foreign currency. Simply visit any GTBank branch to complete a Form A along with the required documents to make these payments.”
These developments came on the heels of Central Bank of Nigeria’s (CBN) statement on Sunday that all legitimate requests for foreign currency for eligible transactions, normally referred to as “invisibles,” such as remittances for school fees, student maintenance allowances, BTA, PTA, medical and other eligible transactions, shall be fully met at the official/interbank exchange rate.
A statement from the CBN added:
“The CBN hereby directs all authorised dealers in foreign exchange in Nigeria to henceforth treat as top priority all legitimate demand for foreign exchange for eligible transactions.
“The CBN once again advises individuals that wish to source foreign currency for such eligible transactions to approach their banks with their legitimate demand as the CBN has made adequate provisions of foreign currency for all such legitimate and eligible purposes.
“Furthermore, holders of Naira denominated debit and credit cards shall continue to have access to the use of their cards at ATMs in any part of the world but subject to the annual limit of $50,000. ATM withdraws shall continue to be a maximum of $300 per day.”
Vanguard
Finally Ife Chiefs Confirm Ooni’s Death Appeal To Tesidents To Obey Palace Orders As Burial Rites Begin
The Ife traditional council in Osun State today finally confirmed the death of the Ooni of Ife, Okunade Sijuwade Olubuse II. Speaking through the the Awara of Iwara-Ife, Chief Layi Adereti, the council of chiefs said the official proclamation of the death of the Ooni who died July 28th, would be made on Wednesday August 12th.
“This is an official statement from the palace of Awara of Iwara-Ife who is the head of Oro deity that on Wednesday 12th August 2015, there would be official proclamation of the demise of Ooni of Ife. The proclamation will be made public during the Oro festival, being the final rites on the demise of Ooni of Ife.
The residents of the ancient town are therefore urged to keep away from the streets between the hours of 9am and 4pm during which the Oro diety will be out. With the announcement, people are advised to stay in-doors for the period when the Oro will be out.”he said He appealed to residents in the state to remain indoors during the Oro rites, adding that both male and female are barred from movement.
Shocking! Man Kills 3 Over Bitterleaf Plant In Edo State Nigeria
Tragedy struck, Sunday, at Ibillo, Akoko Edo Local Government Area of Edo State, when a man popularly known as Alhaji, murdered three persons including a three year old boy, after a quarrel over the ownership of a bitter leaf plant in the compound.
The sad incident occurred at Ogo quarters Ibillo Sundayevening. The three killed includes a man identified as Mr Aliu Ademo, a girl called Favour and a little boy Isaac, who later died yesterday morning at the hospital.
Vanguard learnt that trouble started when the Alhaji had a heated quarrel with the daughter of a Co-tenant called Favour over the bitter leaf plant in the compound. It was said that Alhaji went to harvest the vegetable without the consent of the owner which angered the daughter of the woman, Favour.
According to an eyewitness,
“Alhaji who is from Igbira came out with a cutlass and beheaded the girl. Mr Aliu saw what happened and started shouting, Alhaji ran after Isaac the little boy to kill him but Aliu pursued him in order to save the boy. But he succeeded in killing both the small boy and Mr Aliu.
“He decided to kill the man because the man came to save the little boy. The small boy was rushed to the hospital because he was still unconscious but we later heard he died this morning (Monday). Alhaji is on the run now but the police is looking for him”.
Reacting to the murder, the Police Public Relations Officer in the state, Mr Stephen Onwechei, said
“ the suspect is currently on the run but we are on his trail. He will be arrested. He abandoned his cutlass and took off after the killings. When people came around to stop him he killed them including a three year old child.
“That is barbaric. I understand he previously had quarrel with the mother of the child over the ownership of the bitter leaf in the compound. That is madness but we must arrest him no matter how far he tries to run. He must face justice for his wicked act” he declared.
She Just Couldn’t Wait! Just Few Hours After Turning 18years Kylie Jenner Releases Raunchy Photos
The above photo is the picture Tyga shared of Kylie on his instagram page. Well, she’s 18 now, he can share whatever photo of her he likes. See what he wrote after the cut.. The Rest she shared by herself i am really one hundred percent sure that in a few weeks time we are going to see a full nu-de picture of this fame kardashian product
