Naira appreciation my foot. Gtbank still sell above parallel market rate ( 395) while others are not selling at all due to scarcity. you can't deceive us with your lies

eleojo23:
When will banks start allowing us to use our Cards for online transactions without restrictions and at affordable rates?

When Buhari recovered very well

just bring back our 1$ to 170 naira is dat too hard to do

OK oooo

haykay2005:
Naira appreciation my foot. Gtbank still sell above parallel market rate ( 395) while others are not selling at all due to scarcity. you can't deceive us with your lies

lol, banks are thieves.
they did not just limit card transactions to $100 , they went further by setting a crazy exchange rate, way beyond the limits of even the bureau de change who sell at 370/$..... That's how they generate those crazy revenues annually in their report sheet. Thieves all of em banks!!!

Templerun95:
Evans tribe are stupid and pathetic
They will kidnap our dollar note now
People of chukwudubemuuuu

You get sense at all?

luvinhubby:


You get sense at all?

ure a fool

Aikayy:
Evans is a Biafran like me. But unlike me, he is a criminal. AMA PROUD BIAFRAN! !

Don't worry bro. Criminals are found everywhere. North o, south o, east o, Midwest o, every region has its fair share of criminals.

The title is misleading.

This is not about issuing dollar loans, but raising Eurobonds, which is a debt finance option for banks. WHat they then choose to do with the raised funds is not what the banks have disclosed yet.

And I can only see UBA issuing such Eurobonds. How does this translate to "Banks", like it's most of the banks in Nigeria.

Boss13:
I was expecting this. Banks with foreign denominated loans have no choice than to raise FX finance to pay their debts. I expect more Banks to rush to the Euromarket to raise funds. This might actually be a good time for them in view of the depressed yield in the Euromarket for Corporate Eurobonds. Yields should be between 7 - 8% at least.

This will further drive the naira up due to increase supply of FX

But then what sense does it make for a bank to issue Eurobonds to repay their debt? Eurobonds still come with its own interest repayment, hence they'll not only be repaying on past loans but also on the new lonas. Seeing the state of Nigeria currently, I'm sure such funds will come at a high rate to the banks.

The raised funds better be for something else.

o pay me oo

Addicted2Women:

My cousin who lives in London just told me about Buhari

My God, let this story not be true

I will break the news at the right time

.. Day don break

sampark201:


How does this make a paint rubber of Garri N350 as it was before?? i am not understanding

How can you make the Naira appreciate? If garri is your problem, come and take one sack.

masonkz:



But then what sense does it make for a bank to issue Eurobonds to repay their debt? Eurobonds still come with its own interest repayment, hence they'll not only be repaying on past loans but also on the new lonas. Seeing the state of Nigeria currently, I'm sure such funds will come at a high rate to the banks.

The raised funds better be for something else.

I suspect they don't have enough in reserves to pay the debt upon maturity.

Addicted2Women:

My cousin who lives in London just told me about Buhari

My God, let this story not be true

I will break the news at the right time

We don hear am already say di guy nor sick, just dey hide from the mess he made say dem don dey sneak olosho for am to kpansh where he dey "recuperate" dia already say na olosho he dey take test if hin good health don return well-well...white, black, indian, arabian olosho ontop naija taxpayer's money

NB
Guy, wich oda news wan break wey pass say e don pai? Abi, dem don transplant beta brain for am?! Guy, wey ur cousin dey work? E get proximity to am? See, if ur cousin get real leak, make e drop am. Verified one o?
Otherwise, the cruxifixion nairaland zombies go give u here alone go finish yhu even if yhu be cat wey get 9 lives.

eleojo23:
When will banks start allowing us to use our Cards for online transactions without restrictions and at affordable rates?

I know! Very overdue

Na so! They should lift the limits on Master Card Naira first. Useless people

eleojo23:
When will banks start allowing us to use our Cards for online transactions without restrictions and at affordable rates?

I tire for the matter. Make dem even say we asking for unrestricted online transactions is too much, peg it at $500-$1000, we go still appreciate am than this yeye $100 a month whey no reach to buy anything.

eleojo23:
When will banks start allowing us to use our Cards for online transactions without restrictions and at affordable rates?

seriously.. The thing they vex me. Diamond Bank debit card no dey work At all, even at high rate

eleojo23:
When will banks start allowing us to use our Cards for online transactions without restrictions and at affordable rates?

What kind of online transactions.

With all these stories, local lending rate still remain high. Pls govt should help reduce lending rate.

eleojo23:
When will banks start allowing us to use our Cards for online transactions without restrictions and at affordable rates?

This should be when CBN accepts dollar settlements at official rate for used Nigerian cards in overseas.

pls can sum1 explain 2 me, I don't understand the post.

eleojo23:
When will banks start allowing us to use our Cards for online transactions without restrictions and at affordable rates?

Ope o!!!! I just got an email from GTB that the limit has been increased from $100 to $1000 a month!

shevon:

Ope o!!!! I just got an email from GTB that the limit has been increased from $100 to $1000 a month!

Yeah...its true

We are waiting for them to reduce the exchange rate as well...

Dreamwaker:


How can you make the Naira appreciate? If garri is your problem, come and take one sack.

May God himself way your Dream up .. because i see say your dream still dey sleep ... Sorry them dey call you for back ..

sampark201:



May God himself way your Dream up .. because i see say your dream still dey sleep ... Sorry them dey call you for back ..

Could you speak proper English, I cannot understand what you are trying to say.

I see say ... Blog dey make you disrespect your elders... i see you way english don help .. as he be say na your first language ... Oba Eran

Dreamwaker:


Could you speak proper English, I cannot understand what you are trying to say.