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Naira-4-dollar Scheme Ends May 8, Banks Tell Customers - Business (3) - Nairaland

Nairaland Forum / Nairaland / General / Business / Naira-4-dollar Scheme Ends May 8, Banks Tell Customers (32714 Views)

CBN Introduces the “Naira 4 Dollar Scheme” for Diaspora Remittances / CBN Introduces ‘naira 4 Dollar Scheme’ For Diaspora Remittances / CBN Introduces ‘Naira 4 Dollar Scheme’ For Diaspora Remittances (2) (3) (4)

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Re: Naira-4-dollar Scheme Ends May 8, Banks Tell Customers by hardcore007: 10:36pm On Mar 16
Onyi22:
Pls somebody should interpret it for me

If person send you dollar, bank go give you 5 naira per dollar. If person send you 200 dollar then bank will dash you 5 naira times 200 that is 1000 naira.
Re: Naira-4-dollar Scheme Ends May 8, Banks Tell Customers by djsjxjfjdisjdjb: 11:11pm On Mar 16
get the furck away ypu wll na usdt we dey transact now. ho nd eat your foreign currency and chivken naira
Re: Naira-4-dollar Scheme Ends May 8, Banks Tell Customers by Livelystone01: 11:18pm On Mar 16
dansito:
Where is the location you did the exchange for 460-470 at the moment
Around Hotel presidential PH. It also goes up too.
I have one of their contacts, I use it to scout the market lol. I call him to ask before I arrive.
Re: Naira-4-dollar Scheme Ends May 8, Banks Tell Customers by SirBunky85(m): 11:19pm On Mar 16
zolajpower:
angry
I got a thousand naira today for receiving$200 from my African American fiancee grin
when did this naira to dollar stuff start?
Re: Naira-4-dollar Scheme Ends May 8, Banks Tell Customers by Livelystone01: 11:20pm On Mar 16
DSC7:


Ok sir i don learn.....
#20 wey no buy 2 purewater here.....

Dis govt na wa ooo....
If you are sent $200, you will receive free #1000. That's almost the price for one shawarma so it is not small lol.
Re: Naira-4-dollar Scheme Ends May 8, Banks Tell Customers by Livelystone01: 11:24pm On Mar 16
ayandee:
that rate is low. I sold at 477 today
Cool one bro.
I like the black market better because the rate at the banks is too low.
Imagine, 408 per dollar and they will want to sell at black market rate o.
Re: Naira-4-dollar Scheme Ends May 8, Banks Tell Customers by Livelystone01: 11:25pm On Mar 16
SirBunky85:
when did this naira to dollar stuff start?
I think less than two weeks ago.
Re: Naira-4-dollar Scheme Ends May 8, Banks Tell Customers by seangy4konji: 12:09am On Mar 17
they gave me extra N8700 today...i have been using it to drink goldberg and pepper soup and i still carry change enter...even smallie drink 2 smirnoff from the Naira dem dash me.

PS.Those ladies in charge of intl tf are taking money home ooo cos i never knew about it till yesterday when i got sms and none of them told me since it started..only giving out dollars so when i asked today i got a sms about N5.she just said yes that sh =e will give me and i have been there numerous times even this month.now imagine over 30 people or 50 everyday who dont know such exist and never asked.
Re: Naira-4-dollar Scheme Ends May 8, Banks Tell Customers by YorubaLord: 12:15am On Mar 17
I just sent ~$15K to a friend's domiciliary acct yesterday as she begged me she needs the N5 for $1 deal. I'm glad she's gonna make ~N75K off it. Good for her! cool
Re: Naira-4-dollar Scheme Ends May 8, Banks Tell Customers by nonut: 12:20am On Mar 17
YorubaLord:
I just sent ~$15K to a friend's domiciliary acct yesterday as she begged me she needs the N5 for $1 deal. I'm glad she's gonna make ~N75K off it. Good for her! cool
Lie till you make it...

2 Likes

Re: Naira-4-dollar Scheme Ends May 8, Banks Tell Customers by Kayharry(m): 12:21am On Mar 17
What is the purpose of this scheme.

1 Like

Re: Naira-4-dollar Scheme Ends May 8, Banks Tell Customers by YorubaLord: 12:40am On Mar 17
nonut:

Lie till you make it...

Haha... grin I don't need to lie, bro... I don't need to make noise either. I'm not as miserable as my posts on here. grin
Re: Naira-4-dollar Scheme Ends May 8, Banks Tell Customers by luminouz(m): 12:49am On Mar 17
seangy4konji:
they gave me extra N8700 today...i have been using it to drink goldberg and pepper soup and i still carry change enter...even smallie drink 2 smirnoff from the Naira dem dash me.

PS.Those ladies in charge of intl tf are taking money home ooo cos i never knew about it till yesterday when i got sms and none of them told me since it started..only giving out dollars so when i asked today i got a sms about N5.she just said yes that sh =e will give me and i have been there numerous times even this month.now imagine over 30 people or 50 everyday who dont know such exist and never asked.

I don't get o. Since you still receive your dollars at the bank and exchange at the black market, why the extra 5 Naira from CBN?
What's CBN benefiting from this scheme?
Re: Naira-4-dollar Scheme Ends May 8, Banks Tell Customers by calcal: 12:51am On Mar 17
After the division lot of foreign capital will flow into Oduduwa and Biafra Nation people are just waiting. yearly about $25 billion from the diaspora flowing to Nigeria over 90% of the money are from men and women from the south.

After the declaration of independence, the southern economy will boom, even guys will be flying to Oduduwa on weekends just to Bleep their classmates.

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Re: Naira-4-dollar Scheme Ends May 8, Banks Tell Customers by Tats(m): 12:54am On Mar 17
thebosstrevor1:


That is because when you receive money through domiciliary accounts, it is not seen as remittance. That is bank to bank transactions

International money transfer organization is all about remittance and the cbn naira to dollars promo is for only remittance

How is receiving money in dom account not classed as remittance? The only way to receive money now in Nigeria through international money transfer organisations or international banks is into a dom account.
Re: Naira-4-dollar Scheme Ends May 8, Banks Tell Customers by Carlmax(m): 12:55am On Mar 17
Nairaland Frontpage is a lot saner today, maybe because it trended on Twitter and Seun is trying now to make a better impression. Mods keep this up.
Re: Naira-4-dollar Scheme Ends May 8, Banks Tell Customers by Elsueno: 12:59am On Mar 17
luminouz:


I don't get o. Since you still receive your dollars at the bank and exchange at the black market, why the extra 5 Naira from CBN?
What's CBN benefiting from this scheme?


Crash the black market, they are trying to have a single exchange rate. They are encouraging people to either sell at the black market or sell it to close associates. Either way BDC operators will get SCREWED in d long run as even USDT, USDC & BUSD dey enter thier domain real hard

1 Like

Re: Naira-4-dollar Scheme Ends May 8, Banks Tell Customers by luminouz(m): 1:06am On Mar 17
Elsueno:


Crash the black market, they are trying to have a single exchange rate. They are encouraging people to either sell at the black market or sell it to close associates. Either way BDC operators will get SCREWED in d long run as even USDT, USDC & BUSD dey enter thier domain real hard

Thanks...

I get it now
Re: Naira-4-dollar Scheme Ends May 8, Banks Tell Customers by playpaz: 1:33am On Mar 17
If someone send 10 dollar to you, bank won't pay you Naira. They will pay you your 10 usd plus 5 Naira on each dollar which in this case is 50 naira.

stonemasonn:
But dollar is just 380 naira over the counter or I don't get it
Re: Naira-4-dollar Scheme Ends May 8, Banks Tell Customers by seangy4konji: 2:01am On Mar 17
To be honest i really dont know
luminouz:


I don't get o. Since you still receive your dollars at the bank and exchange at the black market, why the extra 5 Naira from CBN?
What's CBN benefiting from this scheme?

Re: Naira-4-dollar Scheme Ends May 8, Banks Tell Customers by Zaggafrank: 2:24am On Mar 17
Miner13:
you mean #1=$1
Not so. If you are sent $10, the $10 will be credited to your account and you will get an additional ₦5 for each of the $10 you received. Meaning ₦5 *10. That is what it means
Re: Naira-4-dollar Scheme Ends May 8, Banks Tell Customers by stonemasonn: 3:21am On Mar 17
playpaz:
If someone send 10 dollar to you, bank won't pay you Naira. They will pay you your 10 usd plus 5 Naira on each dollar which in this case is 50 naira.

Thanks
Re: Naira-4-dollar Scheme Ends May 8, Banks Tell Customers by tit(f): 3:41am On Mar 17
thebosstrevor1:


If you receive 10 dollars, you will get 50 naira

Meaning you will get 10 dollars and also 50 naira

then efcc go come catch you for night

1 Like

Re: Naira-4-dollar Scheme Ends May 8, Banks Tell Customers by meme24: 4:07am On Mar 17
YorubaLord:
I just sent ~$15K to a friend's domiciliary acct yesterday as she begged me she needs the N5 for $1 deal. I'm glad she's gonna make ~N75K off it. Good for her! cool

Ok. Did your friend you sent 15K to her dom account, did she receive the naira equivalent? I asked someone in the bank that if I do wire transfer from my foreign account to my nigeria dom account, I don't get the naira incentive.
Re: Naira-4-dollar Scheme Ends May 8, Banks Tell Customers by babaolofin: 4:25am On Mar 17
Carlmax:
Nairaland Frontpage is a lot saner today, maybe because it trended on Twitter and Seun is trying now to make a better impression. Mods keep this up.

What is saner in the FrontPage today and what has made it dirty the previous days ? If it is the report of how Ahmed Wase refused the request of Tiv in Diaspora to be deliberated on the floor of the House of Representatives, then, it is saner. =N=5 to dollar incentives is no News and doesn't make FrontPage reasonable. Also, giving Buhari the highest award in Niger Republic does not add beauty to a FrontPage.

Nigeria has remained backward for decades and there is no hope of moving forward under the chaotic invasion of ancestral lands driving out the real land owners away, injustice and oppression . Most of the Nigerians in diaspora carrying out the remittance left Nigeria in frustrations. They know about injustice . Most of the remittance come from Southerners abroad. If the issue of injustice and nepotism and the fact that Nigeria cannot work they way it is and awareness should begin is what doesn't make FrontPage sane, then, there is nothing you can do about that.
Re: Naira-4-dollar Scheme Ends May 8, Banks Tell Customers by Carlmax(m): 4:30am On Mar 17
babaolofin:


What is saner in the FrontPage today and what has made it dirty the previous days ? If it is the report of how Ahmed Wase refused the request of Tiv in Diaspora to be deliberated on the floor of the House of Representatives, then, it is saner. =N=5 to dollar incentives is no News and doesn't make FrontPage reasonable.

Nigeria has remained backward for decades and there is no hope of moving forward under the chaotic invasion of ancestral lands driving out the real land owners away, injustice and oppression . Most of the Nigerians in diaspora carrying out the remittance left Nigeria in frustrations. They know about injustice . Most of the remittance come from Southerners abroad. If the issue of injustice and nepotism and the fact that Nigeria cannot work they way it is and awareness should begin is what doesn't make FrontPage sane, then, there is nothing you can do about that.

I am referring to the array of threads on the front page not this thread in particular... And I absolutely agree with ur other points.
Re: Naira-4-dollar Scheme Ends May 8, Banks Tell Customers by Lexusgs430: 5:26am On Mar 17
Alhajikbee1:
How come I never heard of the scheme

Simple......


You no get $$$$$$....... cheesy

1 Like

Re: Naira-4-dollar Scheme Ends May 8, Banks Tell Customers by Lexusgs430: 5:31am On Mar 17
After the bank offers you N5 bonus, for each $1 you exchange.......


The banks go carry that same $, head to the blackmarket and earn N80 more per $$$$$$.........

Shebi nah una no wan get beta sense........... cheesy
Re: Naira-4-dollar Scheme Ends May 8, Banks Tell Customers by LilMissRobbie(f): 5:32am On Mar 17
Theoutsider:



Prove your self and I will help you. Need a picture with you and my screen name written on it and I will transfer money via crypto. No bank wire transfers.


That guy is a fraudster, give him money at your own peril.
Re: Naira-4-dollar Scheme Ends May 8, Banks Tell Customers by Theoutsider: 5:59am On Mar 17
LilMissRobbie:



That guy is a fraudster, give him money at your own peril.

and you are a feminist who hates men. your point?

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