This means our cards are now almost useless. Biticoin seems like the best way out and if course dollar accounts for those who have money

CSNg:
Adeosun, Emefiele, the CBN, Nigerian Banks, The FG and even Nigeria as a whole can GO TO HELL!

Who needs an ATM card by a Nigerian Bank abroad when i got my Payoneer Card?

Thank God for Payoneer!

bro what is their rate?

I am not understanding o!

I have naira here in my bank, I travel abroad and decided to withdraw over d atm there, I removed 50 dollars from the atm and d naira equivalent is taken from my account. Abeg o! How does this deplete dollars here in naija?

Someone pls explain to me how it works. Thanks.

CSNg:
Adeosun, Emefiele, the CBN, Nigerian Banks, The FG and even Nigeria as a whole can GO TO HELL!

Who needs an ATM card by a Nigerian Bank abroad when i got my Payoneer Card?

Thank God for Payoneer!

Team payoneer all the way

But will this so called rule affect the "big boys"? because the number of people responsible for 70% of our dollar spending are less than 5% of the population.

Lajet:
Gtb Naira Mastercard have stop working in outside Nigeria for almost 3 months now.

Not true, I used it just two weeks ago.

tdayof:
ATM-Blocked
money gram - Working rate and possibility to send 10%
Western Union - very high exchange rate and really difficult to find a bank willing to send.

Everything is just messed up.

Switch to worldremit bro

This is what happens when a clueless efulefu like kermit adeosun aka coconut skull is minister for finance

Kill us already...

Is this how we gonna continue living in this country?

Dollar scarcity has been ravaging the
economy after the price of crude oil crashed
Nigeria’s main forex earner.
It crashed from $110 per barrel to around
$44 per barrel from June 2014.
The nation’s foreign exchange reserves
have been depleting since then.

Why did we then employ Emiefele and Adeosun, it seems they don't know their job;

i have said this sack them and try other people but bubu would not here

Kaydeexotic:

Switch to worldremit bro

What's this?

UkwuNnu:


Not true, I used it just two weeks ago.

It depend the country you are. I called there Customer Care the asked me the country I'm calling from i told them. the told me that I can't use my Card in some countries

Kaydeexotic:

Switch to worldremit bro

How does it work?

DonCortino:
I am not understanding o!

I have naira here in my bank, I travel abroad and decided to withdraw over d atm there, I removed 50 dollars from the atm and d naira equivalent is taken from my account. Abeg o! How does this deplete dollars here in naija?

Someone pls explain to me how it works. Thanks.

abeg help me ask them nonsense economic team

I feel for students most especially that are outside the country. Payment through for A application hasn't been fruitful for a while , combined with the suspension of debit card usage outside the country. The economy is a mess at the moment.

tdayof:
How does it work?

It's a very reliable money transfer company and %110 more reliable than western union and Co.. ....
If anyone's sending you money.. .all they need do is sign up on their website and once you give them your account name,number,bank name and city... That's all.. .you'll get your money in just 10mins directly credited into your bank account.. ..the company even sends you a text message stating that the money has been paid into your account.. .
Low transaction fees.. .and their exchange is better than that of western union and money gram.. ..like #3000 difference.. .

Pidggin:


What's this?

It's a very reliable money transfer company and %110 more reliable than western union and Co.. ....
If anyone's sending you money.. .all they need do is sign up on their website and once you give them your account name,number,bank name and city... That's all.. .you'll get your money in just 10mins directly credited into your bank account.. ..the company even sends you a text message stating that the money has been paid into your account.. .
Low transaction fees.. .and their exchange is better than that of western union and money gram.. ..like #3000 difference.. .

OK

this government has no clear cut policy... just trying rubbish, this govt shld hide its face in shame.... go get a good economist nd nt all this trash.

They should impeach dis cattle man

Teacher: mention 3 things dat can be
found in d kitchen...
Ojo: pot
Teacher: good!
Amina: stove
Teacher: awesome!
Akpos: Aisha
Teacher: y Aisha?
Akpos: coz she belongs 2 d kitchen
Teacher: ar u sick?
Akpos: ask our president....

Have never seen a Central Bank in this world that is as clueless as the current administration. They keep changing policies like wrapper and this is have a huge negative impact on the economy.

Kaydeexotic:

It's a very reliable money transfer company and %110 more reliable than western union and Co.. ....
If anyone's sending you money.. .all they need do is sign up on their website and once you give them your account name,number,bank name and city... That's all.. .you'll get your money in just 10mins directly credited into your bank account.. ..the company even sends you a text message stating that the money has been paid into your account.. .
Low transaction fees.. .and their exchange is better than that of western union and money gram.. ..like #3000 difference.. .

Can i receive money from people living abroad directly into my bank account (GTB) here in Nigeria via the World Remit?

DonCortino:
I am not understanding o!

I have naira here in my bank, I travel abroad and decided to withdraw over d atm there, I removed 50 dollars from the atm and d naira equivalent is taken from my account. Abeg o! How does this deplete dollars here in naija?

Someone pls explain to me how it works. Thanks.

It passes through CBN (foreign reserves) , just like you want to buy phone on foreign website with naira or import anything from abroad in Nigeria. They will not collect your naira but the foreign currency involved. It will pass through somewhere.
Now there is scarcity of dollars to convert such money you need at that rate, there by they said you should get the dollar card, fund your domi accnt here, then link it, so that you can do your transactions same as currency involved.
Having said that, anyone following this story will know that these banks after their meetings some many days ago took the decision. I think with the introduction of travelex to disburse dollars to bdc, now they don't find it funny. They hv been diverting the so called dollars gotten from CBN and that of Wu and mg to their cronies and highest bidder ,at parallel market, so the CBN , I think hv to stop this thru travelex and told them to sell with Max profiits of 5% (I don't know if am correct), of the official price to end users. I think that profits is so small for them, hence the decision. Anyone that can explain better should sheild more lights. that's what I believe happened. This is what I call round tripping back firing in the midst of dollar scarcity.

Kaydeexotic:

Switch to worldremit bro

Is worldremit still working, I used it like 3 months ago, and I thought it is suspended. Thanks.

baddosky1:


Can i receive money from people living abroad directly into my bank account (GTB) here in Nigeria via the World Remit?

Yes sir.. .i don't know precisely the number of times I've used their services to receive money but I'm sure it's been more than 50 times within the last six months.. .however. ..it seems the limit on each transaction is not more than £5000 for senders in UK. .i don't know the limit for that of US but I'm sure it'll be around the same range....

priceaction:

Is worldremit still working, I used it like 3 months ago, and I thought it is suspended. Thanks.

Their services are back already sir.. .working perfectly well

this is the part where zombies turn wailers and I just have to sit back and have a hard laugh, eku recession to you all, all this trial and error economic team self

In fact I just received a payment early this morning from UK....their services work 24/7...it doesn't fail..... I mean IT DOESNT FAIL.. ...
This is what the text message they'll send to you looks like once someone sends you money
baddosky1 and priceaction

Kaydeexotic:

Their services are back already sir.. .working perfectly well

God bless you. Thank you bro. This is the best. I never knew .