₦airaland Forum

We are hoping for an improvement in the rates these coming days
http://www.punchng.com/business/business-economy/naira-gains-7-now-211-to-dollar/

Gtbank
Amazon (checked out in Naira)
208.57
1st April

Stanley08:
Dats kinda high. but how's the communication? And can u please give me examples of how much you've paid for what?

You think it's higher? Chinos charges $50 flat rate for a laptop, I pay $35. He charges $30 for a tablet, I pay $15. I understand that he has to add a commision as profit.

I buy lots of stuffs- laptops and accessories, phones, tablets, shoes, wrist watches etc

Stanley08:
I also want to know the same. How much does ur forwarder charge? Because Chinos rates are pretty awesome. But well, as i said earlier...

unmask:
how much does your freight forwarder charge

$5/lb (real weight, not dimensional weight) no hidden charges, no flat rates, nor special items.

Cc tumababa Stanley08

Stanley08:
Oh! Thanks for clearing that up. Amazon. Never tried. Good stuff on there? Do u also use Chinos to ship? Many ppl complaining about his lack of communication. And nothing is worse than that.

Yh, good stuff.

I use an established freight forwarder, with an office on the Island. I get my stuffs without any fuss.

Stanley08:
Wait oh, are u saying that on Amazon, no matter what card or bank u are using, if you check out in Naira you will be charged an Amazon fixed rate? But if you checkout in dollars then ur bank will decide according to their own conversion rate? Or is it only for GT Bank?
Sorry if the question sounds stupid but I've not bought Anything on Amazon.

Yes, if you check out in Naira, you will be charged the Amazon fixed rate. Amazon clearly states that the rate includes their fees and charges, this usually translated to paying more than the exchange rate determined by the bank if you check out in dollars.

With my experience today, that seems to have changed and the Amazon rate is better.

BTW, I used Access for all my transactions today. It's been a while I used my Gtbank card for any online payment, I've noticed in a long time that their rates are higher. However, I'm sure if I use it and check out in Naira, I'll be charged at Amazon's rates.

Stanley08:
When did you make the purchase mate? Can u post the alert value and dollar value?

He is correct.

So i made some orders on Amazon today. Amazon's rate is N208.6, they charged the same amount when I checked out in Naira

I bought some other stuffs but I tried checking out in dollars. When I checked out in dollars, they charged N215. Normally, Amazon usually charges than the normal exchange rates when you check out in Naira before now, things have changed for now.

Bought some stuffs on Aliexpress today also and na N210 dem charge.


Its enough to say Diamond's N204 is the median charge, I can go with the bank.

ibnquasale:
That yeye GTBANK just charged me 219.96 per dollar. I think I should just stay away from Gtbank and Access Bank for now.
I bought some goods a few weeks back and was charged 207 and thought that was the end of the deadeals. About 2-3 weeks later, the bank re-charged me at the rate of 225 claiming the merchant just came for his money.... that's daylight robbery.
Abeg, any sane bank with good dollar rate? I need them urgently.

stanley083:
ARE YOU SERIOUS?! That's just wrong! So wrong.

That's how GTbank does their stuff o. When I shop using their Mastercard, I get an email immediately after checkout that the said amount has been authorized, the amount is held in the account but does not reflect in available balance.

The 'when the merchant comes for his money', they process the charge at the prevailing exchange rates. It pays if the rates have improved but most times you pay more cos the rates is always on the rise. Before this time, I can cancel the order and get my money back.

Access bank charges the account immediately, so in case the exchange reduces before the item ships, you can't cancel the order so as to place the order at the new rates.

stanley083:
Secondly, we have refund proper. In this case, you have paid the money and the merchant has received it. And then is sending the money back to you. Now here is the thing, when u are paying the merchant today for example. And the dollar rate is say 205 naira, the merchant doesn't know and doesn't care how much the naira value is, his own is that he is getting his own let's say $100. So meaning you spent 20,500. But if he needs to refund that money back to you, how much do u think he will pay? He isn't going to pay 20,500 because to start with he might not have even heard of naira before. He is going to pay $100 back to ur bank. When ur bank gets that money let's say next week on the 27th of March and their dollar conversation rate is 250, you will get back 25,000 and not 20,500. Same thing if new rate is 185. U will get 18,500.

I write facts i know, and from experience. Cheers!

Yh, that's true. The transaction was a proper refund.

Habeebpain:
But in a situation whereby they charge you with a different rate for purchase and use a different rate for refund, I think that's robbery. GTB refunded me at a rate of 199 but still charged 215 for transactions made that day.

Exactly, my point. And Access bank did refunds with the prevailing exchange rates, I got more than the amount I paid initially.

stanley083:
Exactly the same amount. 204.08
See the alert below.

Credit Alert!
Acc#: ******4951
Amt:204.08
Desc: GOOGLE *MARKETPLACE
Time:20/03/15 12:50 PM
Avail Bal: XXXXX

GTBANK refunded a friend of mine at N199 some days ago. I got a refund yesterday at N214 on Access

Access bank
Visa card
Night of March 20
N210

stanley083:
I am here with an update already, and one that actually pleases me, hopefully it will please you all too.

As i posted yesterday, i got my Diamond Bank VISA Card yesterday and today I've had time to test run it. And I'm quite glad compared to the BS Ecobank is doing.

I decided to get the value an easy way, when you add your card to Google wallet (Play store), u are charged exactly $1.00. I did that and got this alert below.

Debit Alert!
Acc#: ******4951
Amt:204.08
Desc: GOOGLE *MARKETPLACE
Time:20/03/15 12:32 PM
Avail Bal: XXXXX :p

The money was refunded to me in a few minutes, because dats how it works. They only debit you to confirm it's a real card and it contains funds.

Then i added the card to Paypal and i got a similar alert as above, except the description as PAYPAL. ($1.00 card registration fee which will be refunded)
Finally i confirmed my card on PayPal, they charged me $1.95 and the alert below came in.

Debit Alert!
Acc#: ******4951
Amt:397.96
Desc: PP*XXXXCODE
Time:20/03/15 12:53 PM
Avail Bal: XXXXX :p

397.96 / 1.95 = 204.08.

So i can confirm for today that DiamondBank dollar rate is exactly 204.08 which in truth, i am very happy with. Considering the crazy rates ecobank feeds me.

Also, since Diamond Bank charges 2.5% of the amount as commission. It means their actual dollar rate is

= 204.08 / (1 + (2.5/100 x 1)
= 204.08 / (1 + (0.025 x 1)
= 204.08 / (1 + 0.025)
= 204.08 / 1.025l
= 199.1 is their actual dollar value without their commission. Lol. Yes i sabi Maths well well.

When the money was refunded, at what rate pls?

Habeebpain:
I have a MiFi device for sale. Works with all GSM Networks and supports WCDMA and 3G.
You can connect up to 5 devices at once.
Interested buyers can call or Whatsapp 07088535479.

Price = N6000

Pics, max speed and battery capacity?

Yh, same with the USSD service . I did a N2500 recharge yesterday but it was later refunded today. I retried it with N200 today and na same thing, just got the reversal a while ago

Jonathan government borrowed $600 million from Islamic Development Bank (IDB) in 2012 for infrastructure development (ThisDay, 10 Feb 2012). Also refer to Islamic Development Bank's boosts infrastructural
development in Nigeria with $678m | http://www.m.worldstagegroup.com/readnews.php?&id=13329&active=news

We borrowed $450 million in 2013 to expand Power Transmission System ( Refer to http://www.punchng.com/business/business-economy/power-fg-seeks-450m-from-islamic-development-bank/)

According to Ngozi Okonjo Iweala in the 2015 budget, Jonathan intend to borrow $800m from the African Development Bank and the ISLAMIC DEVELOPMENT BANK for the East-West Road (Punch, 2 Jan 2015).

Same IDB is sponsoring Nigerians for PhD in the UK to contribute to the development of NIGERIA.

All these were achievable because Nigeria is a member of OIC.

We take INTEREST FREE loan from ISLAMIC DEVELOPMENT BANK and still preach ISLAMOPHOBISM.

Don't allow them to deceive you with religious sentiment. I am tired of their lies and hypocrisy, what about u? Play your part to Save our Country from destruction.

Tolatutu:
You think say na real doctor ? Ask them to produce the doctor A supposed neurosurgeon claiming to treat mental patients

I begin to dey wonder sef...

Tolatutu:
You think say na real doctor ? Ask them to produce the doctor A supposed neurosurgeon claiming to treat mental patients

I begin dey wonder sef

chibecanglobal:
We met at a
sanatorium where I consult and he was quite open about the fact that he has been managing his situation well. But I wasn’t convinced because the job of governing Lagos is not for somebody with such ailment. Lagos demands someone who is 100 percent mentally and physically fit.”

What happened to Doctor-Patient Confidentiality?

Patient confidentiality is protected under state law.
If a patient's private information is disclosed without authorization and causes some type of harm to the patient, he or she could have a cause of action against the medical provider for malpractice, invasion of privacy , or other related torts.

The yeye doctor should be lectured on the ethics of his job.

You have the digitizer for the Asus Transformer T100TA?

penquin:
how do i get one btw today and sunday stay at abk

We have a contact in Abeokuta with one unit of the Romoss 10400mAh Power bank. Contact me for details: 08075035115

How much for ten (10) units?

mikkyangel:
PLEASE WHO WHO ARE INTENDING TO SHIP ITEMS TO MY ADRESS, DONT FORGET TO INCLUDE MY 1ST 2 NAMES TO UR PACKAGE THEN URS.....

Eg if ola is sending a package to my adress...its should be adressed as...


Odega Michael Ola....


*Also its advisable to open ur own paypal account, so u can pay directly from n9ja...exchange ialmost 12 naira cheaper if u are paying tru paypal...

What are the charges (shipping and commission) involved?

saleskara:
can u please upload 2013 pic and lets see what it look likes

You mean 2014 pic? Google is your friend

BTW, I'll help you with it...

https://mobiles.sulekhalive.com/content/mstore/16230477/albums/default/original/motorola-moto-g-second-gen-1.jpg

Na 2013 version pic be this

tdjeans:
I have a Moto G 2013 for sale. It's the Google Play Edition so, it's got stock Android. It has the official Lollipop 5.0.1 running on it.

Price is REASONABLY negotiable.

Contact me on 08130300884 or 08182064243

Location, and how many units available?

dimples2:
Hello! Do u still have this phone

Yes, it's available for sale. It's a fairly used unit though with retail box and complete accessories. Selling price is 30k

Contact
whatsapp 08036805325
bbm -7AF2BAE0

NEW STOCK!!!

aspaki:
3rd FP post in 2015
#2015 my year of excellence insha Allah

Na waa o... Smh for this generation of misplaced priorities

How many times you don make front row for salat this year? That determines more of whom you truly are.

Oct 1,2010....GEJ absolved MEND from the bomb attack
near Eagles Square even after MEND led by Henry Okah
claimed responsibility for the attack. Jan 8,2015....GEJ said Henry Okah was paid to kill him during the Oct 1,2010 bomb explosion. Why is GEJ making contradictory statements?

#saibuhari... Change is what we need!

Tuunjii:
my package is ready... buh av gotten my phone since Monday from a store for 15k...nw Konga keeps calling me to come and av my package.... #anybody in ibadan dah haz interest?

Which store did you get it from, I'm not really a fan of waiting indefinitely for the Konga delivery. You could trade the one you have with me or we work something out with the Konga guys. I'm in Ibadan too.

donhils:
Where are they?

Contact us on whatsapp slye -08036805325, Habeebpain
07088535479...&.. frebor 08075035115
bbm..-7AF2BAE0.

Habeebpain:
The lumsing 6000mAh power bank is now available. Just N4000. Grab yours while stock lasts.

So portable... Yet it carries enough juice