Good afternoon everyone.

So I'm a little curious. The finance gurus in the house should please educate us.

The present official dollar to naira rate is NGN410.16. But if you want to make international transactions, say for instance using a Barter debit card, you are charged a black market rate of about NGN570.00.

That means I am paying an extra of NGN159.84 on the official rate. That's about 38.97% increase on the official rate. That is absolutely ludicrous.

Is Barter or my Government fleecing me? Someone should please help explain because the rate at which we are going in this country one thousand naira will not be able to buy one loaf of bread.

Are there also other options of making international transactions at a cheaper rate.

Thank you.

Mods please help push to front page so we can learn.

Barter uses Flutterwave. Flutterwave payment system is expensive. I don't try barter at all,they will rip you off

Pierocash:
Barter uses Flutterwave. Flutterwave payment system is expensive. I don't try barter at all,they will rip you off

What other payment options are available asides flutterwave?

DatsAll1mSayin:


What other payment options are available asides flutterwave?

this is not what I will be disclosing here

Pierocash:
this is not what I will be disclosing here

You're really an imbebehind


Company that doesn't belong to your father is what you can't disclose?


You don't want the company to have more customers or the company actually belongs to your family that have sworn to be unfortunate

gistray:



You're really an imbebehind


Company that doesn't belong to your father is what you can't disclose?


You don't want the company to have more customers or the company actually belongs to your family that have sworn to be unfortunate

you are an idiot,and a dimwit.

If you don't know that Nairaland has rules that doesn't permit that,then you are the most idiotic and imbecilic fellow on Earth.

Ewu

Pierocash:
you are an idiot,and a dimwit.

If you don't know that Nairaland has rules that doesn't permit that,then you are the most idiotic and imbecilic fellow on Earth.

Ewu

Say the name of the company or shatap your trap