₦airaland Forum

All this long thing.I married my friend's sister.and she is my friend too.

greatwaters:
but if you think your friend is so bad for your sister/brother, then why is he/she your friend?

Exactly

abu12:
U knw ibos don't like where there is orderliness, only few can compete in business, where there rule an regulation. Ibos like cutting corners, sell fake product 2 cheat unsuspected customers, they hate standard due 2 selfish gain. So they will avoid tejuso

Where those the reason for the demolition? ?

amazinghomez09:
ok no problem I will send it to you ASAP. Pls can I have your email address or alternative you can send an email to amaechiuzomakenneth@yahoo.co.uk so that I can have your email thanks

I sent yu an Email

adconline:
$300 is for Naira Debit card holders on POS and online transactions.
As per money transfer agents like RIA, WU& MG, u have like $900 per transaction and u can't do more than 2x in a week and their agents overseas can't pay more than $4-5k in a wk to one person.. This is not designed for business transfers.
Most foreign businesses don't accept WU/MG/RIA, they prefer wire transfer for intl transactions.. I have told u that u play in the feeder team.. $900 can only buy u 1 iPhone without shipping. Imagine u want to buy 50 pieces or a $10k Toyota Camry?

Bro, this guy has not done Biz B4 to wire the money hence his ignorance,,these days in the Uk we use third party transfer agents. £30/ 1k,best rates ever,3 weeks ago it was 357 today its 348.its money in minutes to your bank,I tried to use small world money transfer same like RIA and WU to send £8k, the money was returned for reasons you stated cos they have limits and these where not designed for Biz, so you were right there.The wanted me to send it in instalment but I wasn't ready to.

fxbot:
what comes with yours if I may ask? I am talking about .com.ng and not .ng o

well Im talking about .com hosted in England.

fxbot:
lol.. I can get one for 1300

Def not with what comes with mine bro

fxbot:
but .com.ng is cheaper now. Why can't we still embrace it?

How is it cheaper? My .com.cost me £9 a yr less than 3500 naira

petikal:
That's not true. You can wire transfer from any Naira account to any country. That's one of the reasons for the policy: to encourage using our Naira for transactions, and limit the high volume of Dollar circulation in the nation. We're in Nigeria, use Naira.

I have both savings and curent plus biz account in Nigeria none of dem can do that.

InvertedHammer:
/
They operate by taking it to the airport so that EFCC will take it all. Now they are back to zero. They would be caught anyway. Travelling with the green passport is a sure of guaranteeing extra security screening in major airports around the world. They should be glad they were apprehended in Nigeria.

I can give you names. I know in Guangzhou for instance, you don't need to come with foreign currencies from Nigeria. You deposit naira into a local bank in Nigeria and receive the Rehmnibi or dollar equivalent as soon as you get there from the business men over there. I know the service was extended to other countries. Do you think importation stopped because of the new foreign currency policy in Nigeria? Trust Igbo boys. This set up has been in effect for years. I don't rely on hearsay.
\

You are right used them once

gtrust:
1999 And you're geared up for an argument

Not interested!!

My point, unless this is your business you're trying to promote which is fair enough, but I stand by my original submission.

You have not told me anybody or BDC who will buy pounds from U at 345..1999.that's when western Union began transfer to most Banks in Nigeria

gtrust:
Young man, lucky you if you get a better rate after paying commission and all that which are usually based on amount of ££€€$$

Why don't you understand that you could be the one who is wrong here

young man I have been remitting money to Nigeria from the days of western Union ie since 1999.tell me one person you can buy the pounds from in Lagos for 345 ? do you have a number?as we speak my agent transfers £1000 at a fee of £30, and N350K lands in less than 5 mins in my savings account. main-while, I tired to change just £100 jst to use as change cos My debit card cranked in two, they said they can only buy at N290,main-while I already sent @ 315 a day B4,my coz sold his yesterday at 302 to the pound in Nigeria while I just sent @350

gtrust:
When you remit to your £ Dormiciliary Account, you receive your money in £ and it's usually better value as you collect ££ in Nigeria.

If you find someone you trust & with all the safety trappings taken care of and if this person doesn't charge a commission then it might make sense otherwise Dorm Acc is the best.

With so many policy changes, I have to admit that you need to confirm with your bank that they will pay you in your currency ($,€,£ etc) of remittance

Wrong,You will never get a better rate than the money remittance agents you get here, I have gone to Nigeria with physical pounds and was forced to bring them back with me cos they where offering craaap rates at the BDC,If you think Im talking trash try and sell the pounds and see if you can get up to 345 at any BDC

Ramnon2:
There are so many news flying around me. Not easy to keep track of those not affecting me directly. Fyi, I sent $s recently into my dorm account from Wells Fargo Bank w/out any issues. So it does seem like the policy does not affect remittances from abroad.

No it dosnt, but my question why would you want to do that,??if you need to use the money in NIgeria why not send its equivalent to your normal savings or current account in Nigeria?That's what we do in the Uk, We go to the Money transfer agents who usually have good rates,you pay them plus sending fees, 5 mins your Naira Equivalent is in your bank,you get your alert on your Email sharp sharp.these days the Pounds is N350 boys here are killing it.However the banks here would also wire it direct to your chosen bank in local currency my bank barclays will charge £25 as standard regardless of the amount sen but their rates are absolutely craap.So no need using them and they take up to 4 Biz days

petikal:
What's stopping you from legally converting that $50K to Naira and conducting your wire transfer? You can still do that, can't you?

apparently not u forgot form M.

Ramnon2:
On the bolded: Even with cash? Interesting to know, but still wont make the mistake of carrying large cash amounts. You cannot trust the custom/efcc not to attempt to intimidate you. I'd rather pay all the bank fees and have my money safe.

it seems you are not in Nigeria,You cant pay Dollars to the banks.

Ramnon2:
Easy on the rudeness, dude, it is absolutely unneeded. I do own a dom account but use it only to remit money to Nigeria from abroad not the other way round. BTW, is the portion of your statement in bold a new Nigerian policy or has it always been there? If so, do you mind enlightening me on how these cash-totting Nigerian traders beat the 10K cash limit at foreign airports?

Bro seriously are you trying to tel us you never heard on the news or even on here when the Govt put down the policy which made banks not to accept Hard currency into Dom account

rusher14:

At the airport, on your way out of any country of this world, eyebrows would surely be raised and questions asked if found with bulk sums.

Such money could be seized if considered to be proceeds of crime.

Only if you could not explain its source.If I produce evidence of buying the hard currency I wont have a problem,I have done this b4 on my way to china from the UK cos I did not want to use my credit or debit card anywhere in china.

ESMANIA1476:
There's no ignorance in law. The policy is a very good policy to strengthen our own currency due to dwindling in oil price. The current policy on foreign currency lodgement in commercial banks made adequate provision for importers and exporters. Those wailing without the in - depth knowledge of the policy should visit CBN website www.cbn.gov for adequate information. The anti money laundering of declaring cash while travelling and limit of the amount you can travel with was not made by this administration rather it's in the Anti Money Laundering Act. After due diligence and confirmation that they're genuine traders, there money and passport should be returned and educate on how to carry out such transactions. Thank you.

No B by force to comment, how does this stupid policy strengthen the Naira?You where confused with grammar.

drey076:
ODE, they ought to report themselves to the appropriate authority for traveling with above stipulated amount.
The policy is good

you calling someone ODE, now tell us whats the stipulated amount plz

rusher14:
The policy doesn’t need to be reversed.

Everywhere in the world, for such bulk transactions, a bank needs to be involved.

It helps with currency tracking, reduces the possibility of such funds being used for illicit trading / terrorism. It also helps as a control against money laundering and other offences.

I believe the money should be returned to the owners once their authenticity is verified. They should also be mentored on how future transactions are to be undertaken.

The EFCC / CBN should also make it a point of duty to go on road trips to educate traders on transactions are expected to be carried out.

Commercial banks who need such funds by the way should see this as an avenue for marketing their various products.

Not realy.If not for the cash limits on cards do you think these traders will carry cash?

tiwiex:
not reported I agree. So can you report and get away with it? Are there exemptions to seizures? My friend declared 40k dolls on entry to the US and he was allowed in. So b4 we start screaming universal, I think it is to control illegal and dangerous behaviours. I am not sure trading is one. These actions have far reaching impacts. The international community will soon start screaming. International business will suffer.

Exactly, you know everyone just say what they like,you are right my friend, once you declare it its no longer an offence and if its below $10000,you do not need to declare it.

HungerBAD:
Universally, anything up to $10.000, even if the post erroneously said it's $5000, not reported to the Customs at the Airport is an offense.

This is not a tribal thing.

Those Trying To Make this a witch hunt thing, are full of mischief.

All the traders needed to do was declare their MONEY.

Trying to sneak a large amount of money out of the country, knowingly or not, is an offense.

They broke the law, and there are consequences for that. And remember, ignorance is not an excuse before the law, incase they claim they did not know they were breaking the law.

Plz stop chatting about stuff you just heard and never verify, there is nothing as such, what you it says is YOU DO NOT NEED TO DECLARE ANYTHING LESS THAN $10000 BUT ANYTHING TO THAT VALUE MUST BE DECLARED.In thismodern day how are they meant to transfer $100000 to china??

grandstar:
So you think that if the refineries are working that petrol will be cheap? Its wishful thinking and a myth. At times it cheaper to import from mega refineries abroad than buying locally refined ones.

There is no subsidy on diesel and Nigerians aren't dead.

It won't be probably N230?/ltr.however it will be available

989900:
You mean things that happen when you'r quick to reply, than reading to understand.

Read Erico, read! Your question is answered in my previous posts.

OTOH, apart from asking redundant/irrelevant/ambiguous questions, and being elusive and repeatitive; tens of comments and you've said nothing substantial, or thought provoking so far.

Plz point me to where you stated how the subsidy was reduced.mayB I'm omitting it in all honesty plz copy and show me.And just to know we are on same page and not hearsay. How do you reduce subsidy without reducing import cos from last time I checked the govt actually increased import according to them the ammount of importers and the local production would not sustain the daily petrol needs.I dnt know what % is paid as subsidy but it won't be hard for me to find out.U said I have not said anything now I want to say something. If I import petrol at N150/ltr and have to sell at N85/ltr.who pays the difference the FG right. That's N65 paid by 5 he FG to the importer in order we buy at the sub rate..There are two part to this scam do the importers present the real cost of importing or do they inflate the cost.Now that PMB increased the numbers of importers which means more subsidy being paid my question to was and still is how did PMB reduce the subsidy bill?another one is how do you think he can reduce it?my answer is let the importers and marketers sell at market rates.no subsidy.if you import at N150 sell at N150. Make your profit. That was what the last govt proposed but brainwashed people cried out.the forgot the long run.Now do you have an answer to those questions?

[quote author=989900 post=38381400][/quote]no answer as Usual you could not xplain how the subsidy was reduced.U see this is what happens when you talk about things you know nothing about.I thought you have a clue of how this so called subsidy was reduced mehn

989900:
1. Did I mention any working at 50% functionality right now?
2. Read my previous posts, albeit slowly, it is already ariticulately answered.
3. Roughly 4,300MW. And, how about last week, or the week before or last month, or when we nearly hit 5,000MW?
I won't be surprised if that is non-progress to you, even though it was largely roughly 2,600MW under the past admin.
I don't know where you live, but most people have felt progress in power supply.


Your questions ain't reaching, 'Delta boy'.

so if its not up to %50, whats the improvement then, I know you feel what Im asking you are just amongst the scammed.U did not answer any of my question except #3. which you have no confirmed figure o n, you are basing power on where you live how about people from where power was generated? as for where I live it dont matter

Goke7:
your definition here shows how much you love and dine with corruption, you guys are so shameless.

so you dead now or you ran outta Network chei the question is now a JAMB question

989900:
Yeah, if your questions were in sync with my message -- sure, why not.

In that later part of my post, it is obvious I was postulating possibilities for the near future (December).
Projecting with NNPC's 3 months target to get them to 90% functionality, and 'NEPA's' additional 1000MW December target.

That was why I asked you to read again to understand, 'cause your inference was: I meant now.

But you were so much in a hurry to reply, than first comprehending.

Let me repeat the questions
1.Name the refinary that is working up to %50
2 How did the govt of the day reduce the fuel subsidy
3 what is the total power generated as at this week

confirmed 9ja Deltan asking you all these I swear you have no answer.
Im going to question 4 to how will they achieve the %90 but Q1=3 stands,so Im waiting

989900:
I swear you rushed to read, but didn't get it -- now read again.

so you cannot answer any of those questions I asked? these are really simple question, I amazed how people on here simply shy of E-confrontations.These are realy simple questions,my 10 yr old can give me these answers in 5 mins.So Im waiting

Goke7:
your definition here shows how much you love and dine with corruption, you guys are so shameless.

see my friend no need to shy away, there is no argument here I asked a simple question mayB Im the ignorant one here illustrate how STEALIGN IS CORRUPTION please mayB I will learn from you I did not mean it in a bad way oya Im waiting

arsetalks:
You wailers are often saying PMB has done nothing but how come the refinery you yourself said was not working during badluck's maladministration now all of a sudden working or at least about too.

which of the refineries have you been to that you saw working?? warri,PHC or KD?KD pipelines will take few years to put back after vandalism so forget about that one, that leaves us with Warri and PHC, so tell me waht one?