S-H-O-C-K-I-N-G!!!
Nigerian Economy Crashing: Foreign Reserves Drops To 6 Years Low. Annual ATM Card Use Abroad Slashed From $50,000 To $5,000.
1] CBN Allows customers Annual ATM Spending of $50,000.
2] Ecobank reduced it to $5,000 a year, $100 daily.
3] Skye dropped it to $12,000 annually, a maximum of $100 daily.
4] Wema slashed it to $10,000 annually and $100 daily.
5] Standard Chartered Will Not allow the use of the Cards abroad from Jan 1, 2016.
Nigeria have started rationing dollar to banks, importers and other Forex users as the nation’s foreign exchange reserves continue to deplete. This was what the country experienced last in 1984 during Buhari's military government. - Hope For Nigeria.
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