Abeg mak u no flog me ..

coolsix:
You guys should understand your bank gets dollars from the black market so dont expect 199.

sure they got it from black market but what stops them from selling at black market. You make use of their card, they charge you over 300 while you ask for refund from marchant, they give you 199. Who is stealing from customers. This is broad day light robery.

bedfordng:
sure they got it from black market but what stops them from selling at black market. You make use of their card, they charge you over 300 while you ask for refund from marchant, they give you 199. Who is stealing from customers. This is broad day light robery.

I agree

coolsix:


Why would you withdraw with your U.S Bank MasterCard here in Nigeria?

so when does it became a crime for me to do so?

glamz007:
And someone with brains will actually say it's wrong for a Nigerian to go and school Abroad. are u drunk?... dia r millions of courses that r not offered in Nigerian universities. will u sch in nigeria all because u wantu look righteous.. u r drunk!!!

Mention just 5 reasonable/highly marketable course that are not offered in Nigeria

Ritual scam

magicminister:


this is pure greed.
This dollar thing will make some overnight billionaires in nigeria.
anyway, its not my fault i am a citizen of one of the most wickedly corrupt country on earth!

My issue is that FG, CBN is paying a blind eye to it, as if they don't know the ripple effect of their policy to the masses.

magicminister:

as in eh, the thing just weak me!!
No be me spoil naija naah... haba!

NO be small thing ooooo. I had to make a payment of 294 USD yesterday. I was charged 370 per dollar. I'm sure it'll be worst this week.

obailala:
CBN doesnt sell dollars to banks anymore, zenith got your dollars from the blackmarket.

who told you cbn doesn't sell forex to banks anymore?

No CSWIP till further notice. Just when I thought I'll be paying for some professional certification this yr.

Too bad

pendusky:


People like you should be flogged,


Months Back you opened this tread

Reasons Why Nigerians Must Reject Jonathan And The Pdp.... by
olamonsor2 : 3:45pm On Mar 11 , 2015

www.nairaland.com/2190893/reasons-why-nigerians-must-reject


You rejected 200 per dollars then and now it affecting you 350naira per dollar and ur saying ur loosing hope on which government, If I hear

If u ever open ur mouth again on this govt u will be flogged

Sharrrap and move on.

...... In James Bond's voice


your name is pendusky, Investigator Pendusky...




Nice digging in short while

obailala:

Who dey deplete our reserves?... it is you and I who prefer to buy 'made in UK' handkerchief with $5 instead of the one made in Aba for N50.

The nation is presently suffering from what is termed a 'negative balance of trade'. Before now, let's assume the total amount of forex leaving Nigeria per month was $10billion (this amount includes money spent importing fuel, food, clothes, foreign school and medical fees, you $5 handkerchief etc), this forex outflow of $10bn is balanced by a forex inflow of $10bn or more mainly from oil sales. Today the proceeds from oil sales has fallen by 70%, but our taste for foreign goods has obviously not changed. So today we are getting inflow of only $3bn but still spending $10bn. This is the negative balance of trade which is reducing the reserves.

To manage this crisis and prevent reserves from reaching zero, cbn has totally stopped releasing forex to banks and BDCs which help people like yourself who want to buy a mere handkerchief; except you can prove that you want to purchase an essential commodity like import fuel or rice etc, the cbn will not release its scarce forex to you. So the forex which your bank sold to you for N350 was not gotten from cbn, it was from the blackmarket. The blackmarket guys get their forex from diverse sources (including raw cash from people who return from diaspora). The scarcity of forex in the open market is the reason why it sells for up to N350 or N400.

Cc: olamonsor2

What you have done here is to use secondary school economics to debunk all the Harvard level trash that the media has been feeding us with. I owe you a bottle of your favorite drink.

Why Does Zenith Bank Charge Cot On Savings Accunts Without Cbn Sanction? by Gaskia: 12:42pm On Jan 29

It is worrisome to see how a corporate giant like Zenith bank flaunts CBN rules with reckless abandon.
Before 2016, COT was legitimate for current accounts. Savings accounts were exempted from COT charges but Zenith bank charged COT on every transaction on savings accounts going outside their bank. The charge this in addition to the CBN approved N100 per transfer.
This is illegal and corporate misdemeanor. They were even charging N3 per mille when COT on current account had reduced to N1 per mille. This ill-gotten money will be declared as part of their profit in 2015.
In 2016, because COT is absolutely outlawed, they have added the amount to the N105 and call it 'Transfer charges'. This is against the fact that all transfer charges are regulated charges as contained in the revised guide to bank charges sent by CBN to all banks including Zenith banks on March 27, 2013 which took effect from April 1, 2013 and is subsisting (REF: FPR/DIR/GEN/CIR/03/002).
Customers complaints to zenithdirect on this have been ignored, they will instead send the account officers to manage the customers to accept the charges. We plead the CBN governor though a former MD of Zenith bank to prevail on them to reverse all the illegal charges to the customers in line with the anti-corruption policy of the current government.

Hmmmmm....

magicminister:


you are high and stupid at the same time.
First of all, the 5 dollar payment i made was in order to recharge an app on my phone called boss revolution. If there was a cheaper alternative from Nigeria, i would gladly be using it.

Besides, while other countries are investing heavily in their education and health sector, we are trying to thwart the dreams of those schooling abroad and asking them to school in Nigeria while 99.9999% of the children of the political elites are schooling abroad.
For crying out loud, some of the biggest successes from Nigeria were all trained abroad.

I would recommend that the government creates attractive incentives to bring back our best brains schooling and working outside the. country.

Lmao

ANTONINEUTRON:

Mention just 5 reasonable/highly marketable course that are not offered in Nigeria

Continuing Professional Certification courses are all paid in dollars which you can't get in naija. Industry related courses at M.Sc level like subsea engineering, pipeline integrity management, reservoir dynamics and a host of them. What is offered in Nigerian universities is just a scrap of every junk possible.

Institute of Petroleum Studies in UniPort is trying to bridge the gap but then you're almost paying in dollars though the naira equivalent. M.Sc Offshore Engineering for 2million duration 12 months. It's possible the price has gone up.

I was charged 78,500 naira for a 322 canadian dollar transaction on thursday. i made a great mistake using zenith card for that transaction, Gtbank would have charged me less if i had used their card.

obailala:

Who dey deplete our reserves?... it is you and I who prefer to buy 'made in UK' handkerchief with $5 instead of the one made in Aba for N50.

The nation is presently suffering from what is termed a 'negative balance of trade'. Before now, let's assume the total amount of forex leaving Nigeria per month was $10billion (this amount includes money spent importing fuel, food, clothes, foreign school and medical fees, you $5 handkerchief etc), this forex outflow of $10bn is balanced by a forex inflow of $10bn or more mainly from oil sales. Today the proceeds from oil sales has fallen by 70%, but our taste for foreign goods has obviously not changed. So today we are getting inflow of only $3bn but still spending $10bn. This is the negative balance of trade which is reducing the reserves.

To manage this crisis and prevent reserves from reaching zero, cbn has totally stopped releasing forex to banks and BDCs which help people like yourself who want to buy a mere handkerchief; except you can prove that you want to purchase an essential commodity like import fuel or rice etc, the cbn will not release its scarce forex to you. So the forex which your bank sold to you for N350 was not gotten from cbn, it was from the blackmarket. The blackmarket guys get their forex from diverse sources (including raw cash from people who return from diaspora). The scarcity of forex in the open market is the reason why it sells for up to N350 or N400.

Cc: olamonsor2

God bless you! God bless you!! God bless your family. Infact God bless your teachers plus lecturers.

Imagine the huge amout of money Nigerians spent on Phones only. Not to mention on the mentality of 'foregn' things.


God bless Nigeria.
God willing we will overcome all this.

juwoonn:

What do u mean?

I withdrew $100 with my us bank mastercard and got N186 per $ equivalent on skybank ATM and I was furious..so I decided to use my skybank ATM to make a payment via paypal to confirm if they sell at the same rate..guess what the bank sold to me @N290 per dollar the same day.

That's exploitation. The difference btw buy and sell should not exceed N10.

Now this is the issue!

the naira shall rise again!

magicminister:
I only have 2,000 naira on my zenith bank account and i made a 5 dollar transaction only to be charged 1700 naira.
This implies that zenith bank sold each dollar at the rate of 350 NAIRA.
Yet, the central bank sells dollar to these banks at the rate of 190-199.

This is crazy and greedy!!!!

@Op, yours is cool nao...Ecobank charged me #4307.68 for just $10
I created a thread here on Nairaland but the funny mods wont let it make Fp.
Naija Banks should be sanctioned!

Some people will still blame it on Buhari when in actual sense Nigerians are their own problems. You can imagine the margin 190 to 350naira.

Complain to CBN not Nairaland!


http://abokifx.com/cbn-asks-nigerians-to-report-cases-of-illegal-charges-by-banks-channels-tv/

pendusky:


People like you should be flogged,


Months Back you opened this tread

Reasons Why Nigerians Must Reject Jonathan And The Pdp.... by
olamonsor2 : 3:45pm On Mar 11 , 2015

www.nairaland.com/2190893/reasons-why-nigerians-must-reject


You rejected 200 per dollars then and now it affecting you 350naira per dollar and ur saying ur loosing hope on which government, If I hear

If u ever open ur mouth again on this govt u will be flogged

Sharrrap and move on.

With all due respect sir, under GEJ, the situation COULD have been worse, he MIGHT NOT have the guts to plug the holes. The situation right now has nothing to do with Buhari, APC or PDP, you can try to politicize it all you want, it has everything to do with you and I and our insatiable desire for foreign products. Italian shoes, french perfumes, Jeremy street shirts etc.

It also has a lot to do with everyone that has ruled Nigeria since the discovery of oil and neglect of our natural resources especially our very useless Governors and the legislooters and other looters that steal money and keep in foreign banks as opposed to investing it here.

God help and bless Nigeria. Amen

Ecobank charged me 16,015 for a $50 Transaction. last week. was charged N320 to $1

oh em im only say CHAIN not CHANGE

sia cattle

SweetOlive:
Too bad

you are indeed a sweet Olive

OlowoB

pacino26:
No CSWIP till further notice. Just when I thought I'll be paying for some professional certification this yr.

I tell you. Registration should be almost 500k now as against the normal 400k.

Is it not this same cbn gov and em former oga share all our dollar for election,now we are the one facing the heat.it is well.

obailala:
Its okay.
The fact is that if we have a full understanding of the current situation of things, we would understand it has nothing to do with buhari. A man who earns 100k and finds it hard to feed his 5 children, imagine what will happen when his salary is cut to 30k? I'm sure you would agree with me that such a man would hoard the little he has to ensure the house doesnt run out of food (every other need would be termed 'luxury' and would be made to wait).

Now there is a major scarcity of forex in the country ocassioned by the fall in oil prices. The cbn is simply hoarding the few dollars it has to ensure we would have just sufficient to meet what it terms 'essential commodities' such as petrol, food and raw materials. Buhari is not trying to force anyone not to go to school abroad, it is the economic situation of the time that has led to this and the cbn thinks that food is more important than foreign school fees. Can you imagine the humanitarian crisis that would bedevil the nation if forex reserves run down to zero?... no fuel, no food.

With all due respect sir, under GEJ, the situation COULD have been worse, he MIGHT NOT have the guts to plug the holes. The situation right now has nothing to do with Buhari, APC or PDP, you can try to politicize it all you want, it has everything to do with you and I and our insatiable desire for foreign products. Italian shoes, french perfumes, Jeremy street shirts etc.

It also has a lot to do with everyone that has ruled Nigeria since the discovery of oil and neglect of our natural resources especially our very useless Governors and the legislooters and other looters that steal money and keep in foreign banks as opposed to investing it here.

God help and bless Nigeria. Amen

typical african logic

ANTONINEUTRON:

Mention just 5 reasonable/highly marketable course that are not offered in Nigeria

did you just said this with your anus

is there anything like astrophysics in Nigeria?

is there anything like marine biology in Nigeria?

bros! there are over thousands courses we don't do here.