₦airaland Forum

If I may ask, do these cars have engine problem aside the damaged bodies? Do they start?

what about the engine pics please? Interested!

I believe this car is sold already. Please can you find something like this for me?

[size=50pt]THOSE COCKS HAVE BEEN INJECT WITH SOMETHING... TAKE THAT TO THE BANK[/size]

SELENAqueensy:
Op, that stuff means nothing...
I have been wearing it right from birth too... (the bead tho)
It's nothing really.....
But we Nigerians everything must have a spiritual explanation

ma'am, can I get to know you please? You keep avoiding contacts from Nairaland. Why? Tell me your fears?

xxxtedyxxx:

bro, I am dying. You promised we will meet. I have called your line tire u no dey pick. Please buzz me as soon as u see this.

Most times, you people are the cause of delayed sales. People ask questions which could have led to sales but you ignored them. The way you answer or ignore questions plays a vital determining factor to your sales

islamics:
@fxbot this article is well detailed. Couldn't agree less.

Oh thanks...

dearpreye:
Hmmmm.....You've got to take calculated risks if you desire greatness. It's a MUST!

sure but even though it is calculated, only results can tell if you did right or wrong.

dearpreye:
I know some of us will protest that the year isn't actually over. Yes. That's correct. We still have close to 3 weeks to the end of 2015. But the truth is, a lot of us are already mentally in 2016; we simply can't wait to put our 2015 lessons into action into 2016. Time waits for nobody.

In the course of the year, I've made a lot of mistakes and have equally learned many invaluable lessons. I'm very happy to share with us some of those incredible lessons. Let me bare the bitter lessons alone. LOL!

Finance. I'll start here because money is one of the most important things we can have. If you're still worried about money like I do, then you're still not financially independent. This year it became very obvious to money that your true state of wealth isn't dependent on HOW MUCH you earn, but how much keep and invest to create passive income for you. It doesn't matter how much you earn, as long as you keep living above your income, you'll be broke. This lesson appears very normal but it's unfortunate MOST people still fall a prey to this financial error. Another lesson is that, as long as you have only ONE source of income, you'll never be truly wealthy. This year was the year of greater financial responsibility for ME. I became more aware aware of the rules of money. If you don't seek other sources of income alongside your current one, when the tides are out, you'll finally see that you were simply swimming unclad beneath the water. If you don't take charge of your finance, you'll remain broke. The festive period is here. Most of us will be broke by second week of January, 2016, irrespective of how much we have now or at the end of this month. I took a greater responsibility for my money and I'm better off. Any area of your life will suffer if YOU'RE NOT in charge.

Friends. I'm finally aware that I don't need too many friends. Most of those who mistake for our friends aren't really friends. It will take some an incident to find out their true colours. We must be careful to separate between our friends and our colleagues. Sometimes all that connect you with some persons is that you carry the same company's ID card. Pick your friends carefully.

Success. You will never amount to anything if you keep blaming the economy, the government or others for your present situation. This year I became more responsible for my life. It matters very little what others do or say, I'm finally the one responsible for my success or failure. I understood this year that for anyone to succeed, they must be willing to change. I know change is painful but it's the ONLY way we can get to where we want to get to. To succeed, you must of necessity surround yourself with people who have a dogged desire an determination to succeed. You must after nice with people of unparalleled and white hot desire for success. If you mingle with the mediocre, you'll be a mediocre. If you mingle with the visionary, you'll become visionary. God has created mankind. Whatever mankind chooses to do depends on him.

Risk. I was finally able to take some risks this year. It was not easy placing my feet on some unfamiliar territory. It's either you take risks OR you're at risk. I finally was able to try another source of income beside my steady income from my job. It wasn't easy. Kudos to all business men and women. Kudos to all the risk takers in house. This year it became clearer that if you want to become great, you must take risks. If you keep seeking security,opportunities will pass you by. All billionaires are risk takers. I'll take more in 2016. Learn to take bigger risks.

Entrepreneurship. I realised a lot of us can become entrepreneurs if we're willing to learn the skills and align whatever we want to do with our core passion. If you hate the Rat Race like I do, you'll surely find a way out- including becoming an entrepreneur. It's takes only passion, skills and an open mind to become one.

God doesn't build nations. He didn't build Dubai. He didn't build the US we all crave to visit. He didn't build the UK. He didn't build Japan. And He won't build our nation OR any other nations. He doesn't do for man what man can do for himself. Man is imbued with ALL it takes to build himself. As far as we keep expecting God to build our lives or systems or nations, we will wait forever. Man was designed or create and find solutions to his own challenges.

Change. You cannot change any situation that you tolerate. As far as you keep excusing your errors and defects, there won't be any progress in your life. For you to experience any development, you'll first change your habits and attitude. I was able to drop some inimical habits and I'm happier today. You are in charge of your life. You have all it takes to progress and improve all areas of your life. If you're unwilling to change, then you'll be stuck in the same position for life. Things don't change on their own accord; you must drive them.

I'll love to share some more BUT these should do. Please, kindly share some of yours with us. Learning never ends as far as we are alive.

Lalasticalala, Mynd44, lasis69, let's do the needful.

ME and risk na twins... especially taking risk with my money lol.

But, building Mosques and filling planes with fighters for Allah costs money. Although Saudi oil costs as little as $10 per barrel to pull out of the ground, the government needs a breakeven price of $95 per barrel in order to keep funding trouble abroad while keeping peace at home. Given today's low oil prices, Saudi Arabia is spending $10 billion a month of its savings to keep the country afloat. According to the IMF, it will take 5 years of their current levels of deficit to send the country bankrupt.
Slippery Slope

Five years of deficit funding seems manageable. Five years is a long time, anything can happen. However, five years may be a generous estimate. Countries find financing gets harder when they get down towards the bottom of the cookie jar. Without large reserves, international lenders get jumpy and interest rates rise sharply. The country will start to face inflation and the government policy of subsidizing the prices of essential goods will become even more expensive, thus escalating the depletion of reserves. It may only take three years to drive the Kingdom bankrupt if the government doesn't reign in their spending and a costly ongoing war with Yemen doesn't help.

If the Saudi Arabian government takes the necessary action to cut their budget and reduce the annual deficit, they may not last five years: cutting military spending against Yemen, heavily armed by Iran, is not an option. Cutting entitlements used to pacify ultra-conservative wahhabis would be suicidal. So transitioning Saudi Arabia into more of a value-added, sustainable economy seems the best option, however this meets cultural opposition.

As of 2015, a mere 4 per cent of Saudis work in the private sector. As a whole, the Saudi private sector is 87 per cent staffed by foreigner workers. Since the oil price crashed, the Saudi government has attempted to force the private sector to hire more Saudi nationals to reduce the state cost of unemployment. But as one CEO puts it: it is "a serious battle trying to get those that they hire to actually do anything". Working for a living is simply not culturally accepted in the Islamic state. This cultural attitude explains why astonishingly, Saudi Arabia is a net importer of gasoline: it imports 25 per cent of its gas and 20 per cent of its diesel. In other words Saudis produce oil easily (by inviting in foreign companies with their own highly trained staff) but they don't "add value" by refining it. Refining crude oil may seem like such a low-hanging fruit for us westerners, yet the effort involved puts is out of reach of Saudis.

To make things worse, the army of the Kingdom is mired in an unwinnable war in the country's southern neighbor, Yemen. Granted, the Saudi army is one of the best equipped in the world. The government's back-scratching with Western powers resulted in the Saudis buying an enormous amount of weaponry to keep the GDP of their allies buoyant. However this stands in contrast with the effectiveness of its service members. Commanders traditionally hold their positions because they are Saudi Royals, not necessarily because they are competent in military matters. On the ground, as many members of the western military who part-took in joint training with the Saudi armed forces have anecdotally reported, Saudi discipline is mediocre, to put it mildly. And as everyone knows, the plural of anecdote is data. Should ISIS head south and Iran-backed Yemen head north, most Saudi soldiers may simply run for the hills.
My Enemy's Enemy

The Saudi obsession with getting at Syria has drawn the attention of Western media to the Kingdom's private funding of terrorists and lost it friends. By contrast, Iran seems more reasonable and easier to deal with. The standoff between the US and Russia, picking sides in the Syrian conflict is melting away, as the US and its allies abandon Saudi Arabia and realize that shoring up President Assad is preferable to absorbing millions of Muslims in Europe.

Moreover, Europe needs a new source of gas to prevent Vladimir Putin throttling the newly liberated countries of Eastern Europe through his gas blackmail policy. However, through all of the planning and lobbying for permission to build one or other pipeline through Syria, there is one obvious outcome that everyone seems to have overlooked. Why not build both and let them compete?

The Sunni/Shia religious war presages further blackmail down the line. If only the Sunni pipeline gets built, the Sunni Muslim governments of the Middle East will be able to blackmail Europe to do its bidding by turning off supplies. If only the Shia pipeline gets built, Iran can blackmail Europe, in fact you can bet that Vladimir Putin has already organized a coordinated "pricing" strategy with the Iranians.

It is in Europe's interests to have three piped gas suppliers - Russia, Qatar, and Iran. That way, no single force can manipulate Europe's energy needs for political gain. Although Russia and Iran might team up, the prospects of the Sunnis in the south forming a cartel with the other two suppliers are slim. The United States has little direct commercial or political interest in any of the possible outcomes of the pipeline projects, aside for pleasing "allies" Saudi Arabia and Turkey. It is just committed to keeping Europe free, and so a powerful Putin incurs military expense for America.
Plan B

The Saudis don't have a Plan B, but Iran does, and it is implementing it now. They are playing their capitulation into a diplomatic triumph and winning friends away from Saudi Arabia. As the West and Russia cease to undermine Syria's efforts to survive, those exported wahhabi insurgents will return home to Saudi Arabia with an axe to grind and a surplus of arms.

The Iranian gas pipeline will be built through Syria. With the trouble in Syria over, the Americans will take less interest in the Kurds. Turkey can go back to quietly stamping on the prospects of an independent Kurdistan, and would probably be willing to see the final leg of the gas pipeline pass through their territory, thus removing the need for an underwater segment and reducing its cost while upping their geostrategic significance.

With Saudi Arabia in turmoil, its ability to project influence on the world will erode itself. Without its oil output, oil prices will rise again. Without its exported petrodollars, ISIS will melt away. Turkey may grow to become the chief Sunni Muslim nation in the world - a position it held when it was the seat of the Caliphate.

http://oil-price.net/en/articles/syrian-war-oil-prices-and-paris-attacks.php

Brothers in Arms

Turkey and Saudi Arabia are the two biggest Sunni countries in the Middle East. Turkey lies to the north of the region, and Saudi Arabia lies to the south, deep in the Arabian Peninsula. Industrialized Turkey produces weapons while Saudi Arabia buys technology and arms from the West and both are smuggling some of those weapons to various Syrian rebel groups, including Al-Qaeda affiliates and unofficially ISIS. However, the economies of the two countries are very different.

As a non-oil producing industrialized nation depending on Russia for 60% of its gas imports, Turkey's economy is strengthened by falling oil price, and having a plentiful supply of under-priced contraband oil on its southern border is just making life a lot easier for the people of Turkey. Saudi Arabia doesn't have a value-added economy but rely on oil production. The fall in oil prices, which are now approaching $40 per barrel due to Saudi non-respect of OPEC quotas, doesn't bode well for the Kingdom's finances.

Historically Saudi Arabia was formed by a desert prince, who allied himself with religious fundamentalist warriors, the wahhabis, and took over the peninsula. This formed the Kingdom named after that prince.

However, there was a price to pay for this alliance and Saud had to enforce a strict religious code, lest the wahhabis turned on him. Saud had to remain pious, lest the Wahabis turned on him. That "pious" religious code means banning music, repressing women, strict observance of the hours of prayer, and lots and lots of public beheadings. King Saud lived to a ripe old age and since his death, the rule of the Kingdom has passed sideways along the family tree of Saud's sons. The present king of Saudi Arabia is a son of the first monarch.

Since then Saudi rulers have mostly remained pious - with the exception of a some of the 15,000 Saudi princes and their tabloid-worthy lifestyles once abroad - in appearance at least. While at home, royals have used oil revenue to pacify their restless subjects with lavish spending. The most aggressive subjects are "encouraged" to go see the world rather than upset the status-quo within the Kingdom. It is no coincidence that Osama Bin Laden, a Saudi, had to take his revolution to Afghanistan and today, scores of Saudi youths follow in his footsteps by joining ISIS.

Kurdistan has never been an independent country and today it covers an area of Western Iran, Northern Iraq and Syria, and about a third of Turkey's territory. The overriding obsession of every Turkish government is to prevent the loss of that area which would occur with the creation of Kurdistan. Rather than give the Kurds concessions and try to befriend them, the Turks choose to repress, imprison and cull the Kurds by any means possible.

America, France and Britain love the Kurds. One of the justifications for toppling Sadam Hussein in Iraq was his mass murder of the Kurds through gassing. The Kurds fought fiercely alongside the Western armies and the allies rewarded them by giving them total autonomy in their homeland in Northern Iraq, right along the border with Turkey which hosts significant crude oil and natural gas proven reserves in Iraq. This infuriated the Turkish government, as an oil-rich Kurdistan could rise militarily and stand up to Turkey.

US trained and armed Kurds are the only force that has had any luck in defeating ISIS in Northern Syria. The Kurds held two area of borderland and were successfully driving ISIS back into the interior of the country. ISIS had one stretch of the border area with Turkey and used that as a checkpoint to trade with their much-admired neighbor.

ISIS's early successes in Northern Iraq saw them seize oil fields and refineries. Rather than destroy these monuments to Western occupation, they took over them and cranked up production. However, as they are designated as a terrorist organization, they don't have access to oil trading markets to sell their black gold. So, who on earth would buy oil from terrorists? Turkey.

The befriending of ISIS has worked very well for Turkey. They get a cheap source of oil, pouring $50 million a month into ISIS's coffers. On top of that, they know that one of the main ways their terrorist friends will use that money is to buy back weaponry to kill as many Kurdish independence fighters as possible.

Things were going great for Turkey, until the American-backed and armed Kurds started to gear up for their final push to squeeze ISIS out of the border area, thus uniting Kurdish control of the entire southern border of Turkey. The Turkish government declared that it had enough of the terrible atrocities occurring in Syria. They joined the war in the name of freedom, and bombed the Kurds to smithereens. This helped ISIS regain control of Northern Syria, and kept the cheap oil flowing to Turkey. America did nothing.

The Ottoman Empire was an ally of the German Empire during the First World War. When they lost that war, the British and French governments took their revenge by splitting off all of the empire's provinces and creating colonies for themselves. Those colonies evolved into independent countries and today they are Syria, Lebanon, Israel, Iraq, Kuwait, Jordan, Saudi Arabia, Egypt, Libya, and Tunisia. The rump of the empire was left independent and in turmoil. In 1922 the army overthrew the Ottoman sultan and declared a republic, changing the Empire's name to Turkey.

The leaders of ISIS want to form their own homeland by uniting Iraq, Syria and the Lebanon into one country. They will then spread out over all the former territories of the Ottoman Empire to recreate it. They also want to recreate the Caliphate. Although their aims are an homage to the Ottomans, they don't intend to invite the family back. They like the romantic notion of days gone by, specifically because those enchanting eras give glamour to dictatorship and repression. ISIS wants to wind back to the good old days when whoever was in charge could have anyone they wanted whipped or killed without the meddling of politics, courts, rights or democracy. They want the luxury of autocracy for themselves, not for some hapless descendant of the last Sultan.

All of this plays well for Turkey. ISIS admires their northern neighbors and they don't include that country in their plans. The ISIS vision of an empire is the Ottoman Empire, without Turkey.
Trade Not Aid

Although the Turks are members of NATO and allies of the United States, they have their own agenda, which often flies contrary to the policies of America. For one thing, they have a troublesome separatist movement in the Kurds.

Originally, Europeans were strongly in favor of deposing Assad for so-called "humanitarian reasons". Their humanitarian concerns for Assad's repressive regime veil the truth - Europe resents depending on Russia for 40 per cent of its gas. Russian President Putin annexed Crimea and maintained a belligerent stance, pushing Europe to favor the pipeline proposal of Qatar and Saudi Arabia. The Saudi plan to duct natural gas all the way to Europe through Syria and Turkey came with a catch - Assad would have to be toppled. The US supported the initiative as Russia's only Mediterranean naval base would disappear with Assad. Thus, the Western world had itself a new plan that would bring peace and prosperity to the region. That is after the "initial shakeout" necessary to oust Assad.

The "initial shakeout" didn't go as planned. Russia-backed Assad proved far more resilient than anticipated. But more importantly, western-backed Islamic militias committed such barbaric acts of terror they even made Assad, and Russia, look good in comparison. An emboldened ISIS gradually took over several of the region's oil fields to fund its operations to the tune of $50 million per month by smuggling oil into Turkey. The routes and means were well established during the previous oil embargo on Iraq and so are the financial networks that profit from it in Turkey. Today, crude oil illegally smuggled by ISIS into Turkey accounts for a fairly significant 3.5 per cent of Turkey's total oil imports. Turkey's NATO allies are starting to question her true allegiance and motivation to fight ISIS, as does Turkey's downing of a Russian jet while it was tracking an oil convoy headed for Turkey. Turkey's allegiance has become so questionable that Texas governor Rick Perry suggested that Turkey be dismissed from NATO.
Turkish Delight

Syria's history particularly draws Turkey's attention. For centuries most of the Middle East, including the area now known as Syria, was part of the Ottoman Empire. That Empire was ruled from the Turkish city of Istanbul by a dynasty of autocratic Sultans, called the Ottoman family. As well as ruling over most of the Middle East, the Sultan held the hereditary position of Caliph. This was the leadership of all the Sunni Muslims in the world - a Muslim Pope.

Police raids following the attacks uncovered heavy weaponry in known hotbeds, a tell-tale sign that regular law enforcement cannot keep track of terrorist activities in normal times. The Paris attacks went undetected by the DGSE secret services simply because the number of aspiring jihadis has reached a critical mass which now exceeds the service's capacity. It takes on average 20 agents to monitor a suspected terrorist, more if he is aware of being monitored. The 5,000-strong DGSE has repeatedly warned that it cannot effectively monitor homegrown jihadis because of their sheer numbers. Unfortunately, going forward, Paris-style attacks are the new normal.
Syria's Civil War

As we explained in our last article, the Syrian Civil War stems from a disagreement between the Saudis and Russia over the route for a new gas pipeline ducting Gulf gas to the lucrative European markets. Russia, whose only Mediterranean base is located in Tartus, Syria, supports Assad's initiative of a gas pipeline from Iran through Iraq and Syria (the Iran-Iraq-Syria pipeline). But Saudi Arabia's hardline Sunni Muslims wants to overthrow Syria's Assad, who is a Shia Muslim, for religious reasons. They want to run a 100 per cent Sunni-controlled pipeline from Qatar through Syria and Turkey (the Qatar-Turkey pipeline), into Europe. As a result of this disagreement a proxy war is taking place in Syria between the aforementioned powers. Meanwhile displaced Syrian refugees are flooding into Europe with jihadis in their midst.

France's Terrorist Hotbeds

As of November 2015 both the French and German governments estimate that between 5,000 and 6,000 Western Europeans jihadis have joined the ranks of ISIS in Syria. Of these, almost half came from France and are mostly second or third-generation immigrants of Algerian descent. This makes France the largest supplier of Western jihadis. According to France's DGSE secret service 250 have returned so far, some giving TV and radio interviews about their experiences in ISIS. This media blitz occurs while they await mild prison sentences and still collect welfare benefits. Meanwhile, more than 300 candidates are considering joining ISIS and this figure is climbing.

Although this "Salafist" radicalization is sometimes abusively portrayed as recent, it is a multi-generational trend spanning nearly four decades and is a consequence of the European powers' oil policies.

Most European countries have no oil reserves. Shortly after the 1973 oil crisis they attempted to tie long-term partnerships with the Gulf States. As a result, oil from Saudi Arabia and Qatar still flows reliably into Europe in exchange for currency, weapons technology, and a few Saudi-funded mosques. For example, around that time Belgium signed a 99-year lease with Saudi Arabia to build the Great Mosque of Brussels, just a short distance from the Molenbeek suburbs, today considered Europe's most volatile terror hotbed. In Spain, Madrid is home to the largest Mosque in Europe, also built by Saudi Arabia. Saudi-trained conservative imams took the helms of these mosques and indoctrinated generations of followers with wahhabi and salafist rhetoric. They called on the Muslims of Europe to split away from the native European society they deem incompatible and seize power. Hence political Islam had set foot in Europe.

Despite protests and warnings from conservatives, leftist European politicians not only tolerated this rhetoric, they even embraced it. They interpret it as a sort of "class struggle" in phase with their own ideology. As years went by and the Muslim population increased, Europe's socialist parties began to court the Islamic vote more assiduously under the guise of multiculturalism and tolerance. It paid off for some leftist parties who got elected repeatedly, buying votes at the cost of massive low-cost housing projects and welfare benefits targeted preferentially towards citizens of foreign descent.

Unfortunately, these policies created immense low-cost housing neighborhoods, which soon tuned into a state within a state, following the salafist rethoric of self-segregation. Today some of these no-go zones are Islamist enclaves operating under near-Shariah law with no police presence. They are disconnected from the rest of France's society, but nonetheless welcome free housing and medical services, utilities and generous welfare benefits in exchange for votes. The pattern is similar in Belgium, Holland, the United Kingdom, Sweden, and Germany. Why change something that works?

The perpetrators of the Paris terror attacks were all raised and radicalized in France and Belgium. However, France's socialist President Hollande was quick to point the finger elsewhere at ISIS and Syria, drawing the media's attention away from his government's accountability. This allowed Hollande to bolster state expenditure and deficits despite EU budget rules, while pledging to welcome 30,000 new Syrian refugees - new voters for the 2017 elections paid for by taxpayers. In reality, France's home-grown terrorism problem is the result of decades of complacency by Hollande's own party towards Saudi-funded political Islam - an unreasonable price for crude oil and weapons export.

France's commercial and cultural exchanges with Saudi Arabia are supervised by a dedicated workgroup within the French government (Groupe d'amitie France-Arabie Saoudite) headed by politician Olivier Dassault, heir to aerospace conglomerate Dassault Defense Systems. In July 2015, France signed a record $12 billion contract with Saudi Arabia to sell helicopters, build two nuclear reactors and export advanced weapons systems to the Kingdom - though any "cultural" part in the agreement flowing back from the Kingdom was not disclosed to the public. Given the Kingdom's recent offer to build 200 new mosques for Syrian refugees in Germany, the $12 billion cheque to France most certainly came with strings attached, the consequences of which the average Joe - or Pierre as it may be - will endure. From the looks of it, the hands of France's ruling class are tied and it is unlikely they will stand up to Saudi Arabia.

In our last article we predicted that thousands of hardened ISIS fighters, blending among refugees, would march into Europe undetected. We also advised our readers that this would spread distrust between European powers and borders would go back up in an attempt to stem the invasion, at the cost of slowing down European economies. We were right on all counts.

On November 13th 2015, ISIS terrorists committed multiple suicide attacks in Paris, which formed the deadliest terrorist atrocity on French soil since WW2. They caused France to close borders and declare a state of emergency.

There is a strange connection between these tragic events and the politics of petroleum. On the one hand, Saudi-funded fundamentalism has, within a few decades, balkanized Europe into a net supplier of jihadi fighters. On the other hand, a proxy war in Syria over a gas pipeline created the refugee crisis. These are both dire issues which few governments dare to face effectively, yet these issues will shape our world for centuries to come.

As you already know as from January 2016, Central Bank of Nigeria will place a complete ban on using Naira cards (Naira based debit and credit cards) to pay for services/products in foreign currency or to make with ATM withdrawals abroad. This comes as CBN tries to tight its grip on Dollar flight from the economy and the present government’s bid to battle corruption.

However, this has affected many Nigerians at home and abroad who hitherto depended on their Naira cards (debit/credit) to carry out transactions ranging from students who pay school fees, business owners who import some products to startups who pay for hosting and other services online.

Note: You can still use your Naira cards for payments in local currency (Naira) (online, POS or ATM withdrawals).

The question is how do you overcome this challenge and keep either your business afloat or sustain yourself as a student? We are going to look at a solution to tackle this issue.

Domiciliary Account/Foreign Currency based debit card
Worthy to note, the limitations in transactions is only limited to Naira cards (Naira based debit/credit cards), hence you can open a domiciliary account (Euro, Dollar or Pounds Sterling based) with any bank and request for debit card (MasterCard or VISA). After opening this account, the next challenge is funding the account. Earlier in August, 2015 the Central Bank had banned/restricted payment of cash into domiciliary accounts in the country, so you may not be able to buy dollar, pounds or euros from black market and deposit cash to your domiciliary account. A statement released then reads in part:

“Therefore, in its continued efforts to stop illicit financial flows in the Nigerian banking system which aligns with the anti-money Laundering stance of the Federal Government, the CBN hereby prohibits from the date of this circular the acceptance of foreign currency cash deposits by Deposit Money Banks (DMBs). “For foreign currency cash lodgments made prior to the date of this circular, the account holder has the option to either withdraw his or her foreign currency cash or the Naira equivalent.

For the avoidance of doubt, only wire transfers to and from Domiciliary Accounts are henceforth permissible. “The CBN advises individuals that wish to source foreign currency for eligible and legitimate purposes such as BTA, PTA medical, mortgage, school fees, goods etc. to do so through recognized channels with the use of Form ‘A’ for “invisible” and Form ‘M’ for “visible” transactions.”

So how do you fund the domiciliary account?

The CBN restriction is not outright, as you are allowed to deposit of dollars into your domiciliary account in some cases. However, some banks totally reject physical deposit of dollars into domiciliary accounts.

Option 1: Direct Deposit
In a case your bank accepts deposit, you can buy dollar from any Bureau De Change or black market and deposit into the account. But if your bank doesn’t, you can use option below.

If you are a student, note that CBN says you can access dollars to pay for school fees and or student maintenance allowances. To get the dollars all you need to do is walk up to your bank and show proof. For e.g school fees, tuition etc. The bank is expected to sell the dollars to you once you provide these documents.

Note: You may not be allowed to transfer money out of your account if the dollars sitting in your account was deposited physically.However, if the dollars was wired to you, then you can transfer it without restriction.

Option 2: Use Form ‘A’ or Form ‘M’ to request for foreign currency.
If your imports are not included in the banned list http://nairametrics.com/cbn-bans-toothpick-indian-incense-and-these-38-other-imported-items-from-fx-market/ then you can apply for forex through your bank by filling a Form A for invincible transactions and Form M for visible transactions.
Electronic Foreign Exchange forms (e-form M) and (e-form A) were introduced by the Central Bank of Nigeria (CBN) and Nigeria Customs Service (NCS). The pilot phase for the processing of electronic form M commenced November 22, 2012, while the full implementation begins on December 06, 2012.

Features & Benefits e-form M and e-form A
The automation of international trade transactions and
Reduction of turnaround time from importation to the clearing stage of all international trade transactions.

The requirements for accessing and using the single window platform include:
– Registration of Taxpayer Identification Number (TIN) at Federal Inland Revenue Service (FIRS) offices.
– Validation of TIN by Customers with existing TIN at FIRS offices.
– Logging on to FIRS portal to register as ‘importer’.
– Logging on to https://app.trade.gov.ng/formx by Bank/customer to initiate the e-Form ‘M’.
– Forwarding all original documents (Proforma Invoice, Insurance etc.) to the Bank for approval.
– Kindly note that e-mail notifications will be sent to you once the Form M is approved by the Bank and also when the Form M is accepted/rejected by the Scanning Company.

Here is a guide on how to fill form M

Option 3: Wire Transfer
You can have a friend or BDC operator wire foreign currency to your account while you pay them the Naira equivalent. This way you can avoid depositing cash, however, banks often scrutinize any wire transfer in foreign currency vigorously before approval.

Once you have funded your domiciliary account, you can then transfer money to your debit card and use at your discretion or make wire transfer payment for products/services.

source: http://nairabrains.com/2015/12/cbn-ban-on-naira-cards-how-to-make-foreign-payments/

pretydiva:
Dat lady in d 1st photo ..she's d real definition of olympus has fallen..smh

fat ladies dont have firm boobs. They are mostly sagged even from when the boobs start developing.

Triplebee04:
Making money even few days to de end of de year. I knw there is still hope for me. Congrats man!!

It's all about moving, pushing, do anything positive but remaining stagnant. Also the kind of friends you keep has a huge effect on your levels in life.

I was down for some months but was able to raise 300k from zero and hoping to raise some more before this year ends. Keep pushing...

drss:
I don't know what fuel subsidy means. - Buari dullaard.
...yet he still pays what he doesn't know, n he's even appologizing for his dullardness for causing fuel scarcity.

he is battling with cabals. Can't you see?

Ajibel:
I am a web developer but I was still able to pay for hosting just last week or is it that the policy is yet to commence? I am confused by this new initiative from CBN.

from JAN 1,2016 everything diessssssssssssssssssssssss

uchetobi:
What he or she means is you cannot for instance walk into Gtbank and deposit money over the counter to your son account.

Of course you can receive inflows from anywhere but you can't walk in to the counter and find your Dom account

okay. Ah... thanks. I usually buy digital products. How will that be possible now with this policy?

uchetobi:
Foreign Cards work in some places such as intercontinental hotel, and places frequently visited by foreigners.

It's not a 'foreign bank' problem it's an acceptance problem. Our pos are configured to run in naira for instance my friend came and ate here for N300 and it charged her bank as $300 so many pos here in Nigeria automatically blocks $ transaction as the back end cannot do the conversion.

Has nothing to do with charges but more to do with inter switch and their configuration. Visa and MasterCard staff have staff who are working full time on acceptance to rectify this although they are meeting resistance from interswitch

You can meet any epayment practitioner in the banks or a staff at MasterCard or visa to enlighten you properly

I don't understand you, specifically the emboldened.

ImpactWorld:
Unfortunately, it is one and the same thing afterall.
Look at this scenario:

Already, dollar deposits has been banned months ago. This means you cannot credit your dorm accounts.

Secondly, there are no dollars available to buy even if dollar deposits were possible.

In essence, naira accounts were the only options for transacting abroad.

And now, even that will not be possible.

I used my dom account to receive money few days ago... stop spreading lies

voltron:
I transfer money to my checking account using my GTbank Dom and so far there are no restrictions

You mean transfer to your current account right? can that be done online? My accounts with GTB are only savings and dom account. I should get a current account right?

AkinPikin:
Let me try to educate you small my brother.

1. For every $10 a Nigerian spends, $9 comes from crude oil sales by the Federal Government or the national reserves.

2. OBJ left over $70 Billion for Yar'Adua when he left office in 2007. Average oil prices under OBJ was about $65/barrel.

3. Yar'Adua left $65 for GEJ when he died in 2010. Average oil prices under Yar'Adua was about $45/barrel. Remember oil fell to as low as $38/barrel in 2009? Most of the $5 to 7Billion that Yar'Adua spent was to defend the Naira during the global crisis of 2009, save the banks that fell into trouble in 2009, and fund the amnesty programme for the Niger Delta militants. Notice again the difference between what OBJ and Ya'Adua made from oil.

4. GEJ on the other hand, left $29Billion for PMB. Average oil prices under GEJ was $92/barrel. There were months when oil sold for as high as $130/barrel. For 3.5 years (2011 to June 2014), GEJ sold oil for over $100/barrel. For your information, GEJ presided over the richest years in Nigeria's history, yet he ate what we were to have saved and even ate what was handed over to him.

I have told every one who had ears that whoever takes-over in June 2015 was going to see hell - whether it was GEJ or PMB.

I am at least glad that we have removed the bastard that brought our dear country to this sorry state.

PMB can only work with what he has been handed with. That is why he is chasing corrupt people, looking for money to fund the budget and meet his electoral promises. Government is a continuum. The problem we have now was handed over to us by GEJ and his band of rogues. You think we would be where we are today if his government had saved $100Billion in reserves?

I am no ethnic or religious jingoist. I voted for GEJ in 2011. I deeply regret doing so now. I have friends that have lost jobs because of the man's stupidity since late last year.

As they say, opinions are free, but facts are sacred.

I respect your level of maturity and information.

drnoel:
This just affects the debitCards attached to a naira account and not the ones attached to a Dollar account. Pls People should have their informations right. If anyone has contrary Information that can prove me wrong pls paste link.

How does one get the dollar dominated cards? what are the exchange rates like? Please educate me. I already have a dom account so I guess it wont be difficult for me to obtain. Also, will I still be able to receive money into my dom with the implementation of this policy?