Nigeria Banks Are Now Black Market For Dollars Abroad? - Business - Nairaland
Nairaland Forum / Nairaland / General / Business / Nigeria Banks Are Now Black Market For Dollars Abroad? (1977 Views)
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| Nigeria Banks Are Now Black Market For Dollars Abroad? by fancyupage(f): 11:00pm On Feb 22, 2016 |
According to Abokifx, Nigeria banks charge your card at black market rate if you use it abroad. BANK ATM RATES DATE LOCATION BANK RATE CUR 22/02/16 Germany FBN N378 EUR 22/02/16 Germany Diamond N378 EUR 22/02/16 UK GTB N456 GBP 22/02/16 Online GTB N421 GBP 22/02/16 U.S.A Ecobank N400 USD 22/02/16 U.S.A GTB N320 USD 22/02/16 Nigeria FBN N185 USD *foreign card 1 Like |
| Re: Nigeria Banks Are Now Black Market For Dollars Abroad? by Scholes007(m): 11:43pm On Feb 22, 2016 |
Sentiment aside bro, how do you think banks should maintain their activities in this kind of situation?! Have you forgot that Our banks must keep afloat?... Meanwhile biko nnu Ka Aku anyi ruo ulo. Pls lets join hands and make a sustainable region, make it a duty to bring investment home, no matter how small. #Aku ruo ulo... 1 Like |
| Re: Nigeria Banks Are Now Black Market For Dollars Abroad? by papadjaji: 11:46pm On Feb 22, 2016 |
Dear OP, the official rate is about N199 per dollar. Are you saying firstbank is subsidising Nigerians who make dollar transactions? So please, try not to misinform the public. |
| Re: Nigeria Banks Are Now Black Market For Dollars Abroad? by EasternActivist: 12:24am On Feb 23, 2016 |
I think is the best thing to do.. |
| Re: Nigeria Banks Are Now Black Market For Dollars Abroad? by 2sex(m): 5:23am On Feb 23, 2016 |
papadjaji:how often do you make payments online? Virtually ALL banks sell dollars are Black Market rates. |
| Re: Nigeria Banks Are Now Black Market For Dollars Abroad? by otitokoroleti: 7:19am On Feb 23, 2016 |
papadjaji:bro, the op is nt misleading the public at all. Nigerian banks are thieves, they sell dollar at black market rate when you use your card for overseas transaction. the best they can do is to put limit on how much you spend per month(maybe $500) using your card & be charged at official rate. charging the card at black market rate is daylight robbery |
| Re: Nigeria Banks Are Now Black Market For Dollars Abroad? by Strahovski1(m): 8:46am On Feb 23, 2016 |
Stop blaming the banks. Your banks are buying dollars from the black market. CBN is not giving your bank dollars for you to spend on luxury abroad. It's only for PTA and BTA Which you get at 199 indeed. Any other luxury expense will be at the parallel rate. How many times would we say this? |
| Re: Nigeria Banks Are Now Black Market For Dollars Abroad? by fancyupage(f): 11:08am On Feb 23, 2016 |
Strahovski1:Thank you very much for buttressing the story |
| Re: Nigeria Banks Are Now Black Market For Dollars Abroad? by papadjaji: 7:45pm On Feb 23, 2016 |
2sex: We are saying the same thing. Firstbank cannot be selling N185 below official rate. |
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