₦airaland Forum

ConfirmBlog:
Who has used this WEMA ALAT naira card for transaction.

what's their rate?

I wanna try getting something on aliexpress with my Wema card I’m just waiting to confirm the rate 😂

Please can someone recommend an affordable virtual dollar card that works

Please can someone recommend a platform I could use in making payments on Aliexpress aside dollar/domiciliary accounts, preferably a platform with a manageable exchange rate. Thanks.

Nice and insightful piece you made here 👍🏽

Broskyjames:
I will try to explain as simple as possible. In the hale days of Meffy at the helm of CBN, through some bad economic projections, him and PMB assumed the naira to be "461 to the Dollar", Hoarders and friends of Meffy had a field day, they were able to get the dollar at the CBN rate of $461 and sell on the black market for around 550 (2017) before it steadily rise to the about 780 it is today. These actions spooked the market. Genuine investors didn't get these dollars for investment at CBN rate because of these "Special friends", and they took thier investment elsewhere. Some Industries like Airline who brought in forex at black market rate where told to collect back their forex at CBN rate, which meant instant loss and so i know a particular airline who has about $800m trapped here because of this!.

As the years roll by and as Meffy and PMB continued the charade that the naira was trading at "460" to the Dollar, it became evidently clear that CBN had no forex to keep up with this charade, and so so restrictions and plans were kicked in motion to arrest the situation. First was the famed reduction of Forex debit on Naira cards, it was reduced to $100 per month, $50 dollars per month, to even $15 per month! before they basically just cancelled forex debit on Naira dominated cards. A little detour, That time you could use your Naira card to shop on AE, what happens is that you pay in naira to your Bank, your Bank pays AE from thier own Forex reserves, as the forex got depleted, that why they stopped it. The only way now is to bring in your "own" dollar physically and that's where dom account and Dollar card comes in.

Let's continue, CBN even started forex promo! They advised people to bring thier dollars for a discount, i think it was $5 and get $1 discount, and still the Naira and Forex balance never recovered because people knew that the Naira was on life support.

On May 29th, 2023, Tinubu on his inaugural address, stated a plan to "float" the Naira, and the first step was to get rid of Meffy, which he did last Friday. And so today's announcement, means the forex market is an open field for all, no more CBN rate, instead you have something called "Unitary rate" meaning the CBN rate and black market rate are one and almost the same determined by market forces. It opened the forex window for banks to trade the dollar at any rate as determined by these forces and source it from anywhere. Meaning if a bank is offering me dollars at 700, the black market offering me at 780 will have a rethink, and push thier own prices down in a direct competition with the banks.

What it means for you and i is that, the beginning will be very rough but it will pay off in the end, the reason why most Virtual Dollars are down now is that they want to see how the market will react to these announcement and projection are the dollar might trade between 800 and as high as 1000 naira in the coming days!. The country's forex reserve is almost next to zero, It is the hope that the announcement will encourage investors to bring in thier forex without fear of it been trapped at "CBN rate", other forces will come into play too i.e like the gains of the subsidy removal etc. Steadily these will balance the forex and naira trade driving the exchange rate back to a favourable rate and who knows the bank might even announce a return of forex debit on Naira cards in the coming months....fingers crossed.🤞

Olamak1:
No I did not. Paid only ₦500 for handling charge at the post office.

Ok thanks

Olamak1:
Order time - 09/12
Shipped - 10/12
Arrived/left transit country - 15/12
Arrived destination country - 28/12
Delivered by Nipost - 30/12
Logistics - Singapore post

Did you pay any form of tax or custom duty for the phone cos I was thinking of buying an iPhone through Aliexpress.

[quote author=Olamak1 post=119546867][/quote]Did you pay any form of tax or custom duty for the phone cos I was thinking of buying an iPhone through Aliexpress.

aieromon:
You cannot avoid PostNL or SingPost if the origin of the package is Hong Kong.

I’ll pay attention to the origin for important things I need hence forth

DrLevi:
Postnl.... 39 days in transit

Mine is almost 50days, I no know who send me

peteregwu:
If you order anything from aliexpress, if the item didn't get to you, don't wait till the refund duration is over, just click the refund button before it elapses and get your refund back. No time to waste.

Goodday, it’s been 45 days I ordered my stuff $20.8 and I’ve not still received it (it has been on Leaving transit country since 7/12/2022), the seller said he advise I don’t open dispute cos it’s only once it can be opened and I would loose because the purchase protection is still on. what should I do?

Obaelemide:
It will probably get to but will take time. I received my packages after 67days.

Mhen I’m not ready for that delay, Even an order I made last week is already here. I’ll pay attention to reviews from Nigerians next time.

gr8gem:
Anytime i want to buy item on aliexpress, i make sure shipping is cainiao economy, i buy like 3 or more item with same shipping company and I'm certain that my item will be combined and it will be upgrade from self pickup to home delivery, it's a win win for me. That what i do to get home delivery service from speedaf

Yeah I do this too lol

gr8gem:
I just got my item i ordered on 28th of November, i just took my mind if it cause i was expecting it after 2week only to get a call of delivery from speedaf asking for direction to my house, i was surprised cause i wasn't expecting the item yet, it took 5days to get to me, 1 day for flight movement and 1 day for clearance. Speedaf is full of surprises and i like this kind surprise.

I do see this kinda comment from other people in their review section and didn’t think it was possible here.

Olamak1:
You have to pray very well for your order not to make its way back to China, am not trying to scare you. I had similar experience November last year. I had to settle for a refund at the end of the day.

Ok, let’s see how it goes. Thanks

DrLevi:
Give it time, mine updated yesterday.... Still in the Netherlands

Alright atleast this is some hope, thanks.

stephen894:
I am talking based on his experience…this is my first time

Mine takes around 2days + on rare cases more than that

Obaelemide:
No oo it starts with RB and ends with SG for the three packages

Aliexpress Selection standard sent my stuff to Netherlands as a transit country and it’s taking so long, I’ll likely have to order the same stuff from jumia cos I’m tired.

DrLevi:
Post Netherlands... Very slow shipping. I currently have something with them and the Speedaf that was shipped a week after is already in Nigeria while my other one is still in the Netherlands

Are you buying a Soundcore?

Good evening everyone Please I’m facing same issue, it’s a month now my package left China and since it got to Netherlands it hasn’t updated, last update is on the 18th of November.
And it’s showing tracking number expired!

jadajada:
what about Uba?

Uba 20$ also

My tracking shows what I ordered went through a transit country (Netherlands) any hope? cos I don’t have a prior experience with goods going through a transit country, and the last update there is two weeks ago.
And who has any idea if this would go through nipost?

ceejay80s:
How much balance do I need to have in my account before I make payment on aliexpress, I wanted to purchase item of 50k and I have 50,500 and aliexpress app is saying insufficient funds

From my experience (UBA) I need to have the said amount plus around 15% of the cash on top for the transaction to go through, cos the price you see on aliexpress is lower than what they’ll actually charge you. So in your case Maybe try having around 57,500

Fucklove:
Is it the prepaid or normal Visa?

It should be normal Visa cos I applied for an ATM card and was given that.

Olamak1:
Look, if you want to wait till you see a store with Speedaf as logistics for shipment, you may not buy anything. The reason is that you can't find any store with the information: "we ship via Speedaf". Aliexpress reserves the right to ship order through any logistics of their choice. You can look for any store located in "China Mainland" to buy your smart watch, but bear in mind that the probability of it being shipped by Speedaf is 1/2, talking from experience.

Aside choosing Aliexpress standard shipping, I think there is a greater possibility for aliexpress to ship through speedaf if you choose cainiao express cos they work in partnership with speedaf for last mile delivery in Nigeria from what I read on their site and in the news.

Destinylink:
Mine did not work yesterday o. I tried and tried, the transaction was declined.

I’ve gotten to my limit this month, I hope it’ll still work next month.

Destinylink:
Greetings fam...
Please, Is UBA MasterCard still working for int'l transaction?

I tried to use it to make payment on Aliexpress but the transaction failed.

My UBA visa works

Mrphilia:
Good morning everyone, should I be expecting a call from speedaf or I have to go to their office??

They normally call, I think they would call you today.

sonssyo:
Custom should stop this delays abeg

Omo my stuff from Aliexpress has been in customs for a week now,previously it stays for 2 days max, what’s happening ?
And my other stuff was shipped to a transit country (Netherlands) and it hasn’t given any update for a week also, I didn’t expect all this! Why would they use a transit country it’s 3 weeks now ��‍♂️.

Please where’s your location and Is it still available?

[quote author=Elfred2020 please is this still available, And what’s the current price ?post=92236007]Kirkland signature minoxidil -5% for hair and beard growth

#5,500
Location :Abuja
Promote hair growth with the rich formula of the Kirkland Signature Minoxidil 5% treatment made for men. The active ingredient of this Kirkland extra strength treatment is 5% Minoxidil that nourishes the hair follicle to facilitate the hair growth process. Just 1 ml of the Kirkland Signature Minoxidil 5% treatment has to be applied twice daily to give you the best results possible. Treat thinning hair and balding with this Kirkland hair loss treatment.
Dm through my signature[/quote]

Pls do u know where mi 9t pro can be gotten in abuja.

sissoko22:
That you very much Mr Genius43 for your regular replies on this forum, its very helpful and also help me in choose xiaomi phone. I tried to buy the k20 pro from one of the buyer on this forum but could not agreed on mode of payment.
Finally got mi9t today here in Abuja, the feel is very premium. Hope i enjoy this phone.