₦airaland Forum

gowaga68:
If I were you I would just keep it till it reaches 250 or more.

Haba bro We dey pray for $1=N1

Neways, I am selling because I have a project at hand and belive me, by August its going up cos of peak summer travellers.

Anybody knows what current GTB rate is?

ajibsca:
Anybody knows what current GTB rate is?

GTB last nite

Can I open account with STANBIC without utility bill?

I have BVN.

Youngzedd:
Can I open account with STANBIC without utility bill?

I have BVN.

yes

Any one knows the rate for standard chartered Bank ?

alakara:
yes

Thanks man.

igboboy3:
Stanbic's acct opening process is taking a very long time
Is there anyone in the Surulere/Lagos area with a stanbic card who can help yours truly make a USD payment?

Stanbic bank is not as fast as they claim. Account opening takes forever. Atm pin now 22days and counting no network for that

Please house....
I would be travelling next week...
I need to exchange my naira for dollars...

Can anybody please tell me the best and cheapest way to do it...?
Thanks a lot.

modath:
Bros, naira don enter valley reach that level?

@gowaga68,
Please, pray better prayer for naija abeg.

@Ymodulus,
I still bought something @ 7 11 today @ 199.45, how on earth will it now get to 250 @ BM..

God help your pikin, bad thoughts are begginning to creep in ooo

Ma i am happy, you have once worked in the banking sector in time past so you will understand me when i share my experience.

Are you aware that the exchange rate differences is a game of corruption ?
Are you aware some people make money of the BDC's
Are you aware of the corruption going on within the outbound money transfer section of banks??


I laughed hysterically few days ago, when i saw the headlines ' CBN INVESTIGATE REASON FOR DOLLAR RATE @ BLACK MARKET ". I hate the fact that we Nigerians know the problem and keep deceiving ourselves.

Its not like i was told; No!!!!! Its what i have seen; Its what i have done. On 6th of July 2015 at 7:50Am in the morning at one of the well known banks till 8:49Pm night. Trying to transfer out 49Million. My experience i will never forget.

Corruption is heavy within the banking sector. I practically saw i had to bribe and i bribed. ( Na money we dei look for!! )
Do you know that not all BDCs are sold dollars too by the CBN?
Do you know the force most BDC lets say BDC A to buy from another BDC say BDC B?

All these leads to rise in the exchange rate.

A well known BDC i know. When i mean well known , he is so popular that you get to see IBB Son, and other prominent Niger figure head in the political scene at his place changing dollars. [ i brought this in to state how known he is].

He told me that he is not even allowed to buy Dollars directly, he goes through a staff and this staff gets it to him at a price, making almost 10naira on every dollars.

We talked at full length, i even drove him to the mosque that Friday. And we headed back to the Central Bank. So i saw things for myself.

Studying the way the CBN goes around a lot of Macro-economic variables like exchange rate, you will notice a lot of discrepancies and shady dealings. If you care, i can forward you my findings. i have raw Data in my Google drive, excel and pdf of up to 84 pages, call any page and i will summarize it for you. i can send to you to see for your self. i have circled and highlighted them in red, blue and black pen.

Ma, with what i have seen, we have a long way to go. There are 4 types of Money

1. Oil Money
2. Telecom Money
3. Custom Money
4. CBN EXCHANGE RATE MONEY. ( Blood money )


OOOO bless me Sango , Ogun , Oya and Obatala so i can lay my hands on these money. Yes the dollars will get to N250 this year.


Dont mind me i am a business fan, so i always study and make research findings before i dive in. Couple with my recent interest on writing ICAN, i have developed so much love for the banking sector / stock market and FX.

please who knows the rate of dollar if i want to use western union to transfer to usa?

Ymodulus:
Ma i am happy, you have once worked in the banking sector in time past so you will understand me when i share my experience.

Are you aware that the exchange rate differences is a game of corruption ?
Are you aware some people make money of the BDC's
Are you aware of the corruption going on within the outbound money transfer section of banks??


I laughed hysterically few days ago, when i saw the headlines ' CBN INVESTIGATE REASON FOR DOLLAR RATE @ BLACK MARKET ". I hate the fact that we Nigerians know the problem and keep deceiving ourselves.

Its not like i was told; No!!!!! Its what i have seen; Its what i have done. On 6th of July 2015 at 7:50Am in the morning at one of the well known banks till 8:49Pm night. Trying to transfer out 49Million. My experience i will never forget.

Corruption is heavy within the banking sector. I practically saw i had to bribe and i bribed. ( Na money we dei look for!! )
Do you know that not all BDCs are sold dollars too by the CBN?
Do you know the force most BDC lets say BDC A to buy from another BDC say BDC B?

All these leads to rise in the exchange rate.

A well known BDC i know. When i mean well known , he is so popular that you get to see IBB Son, and other prominent Niger figure head in the political scene at his place changing dollars. [ i brought this in to state how known he is].

He told me that he is not even allowed to buy Dollars directly, he goes through a staff and this staff gets it to him at a price, making almost 10naira on every dollars.

We talked at full length, i even drove him to the mosque that Friday. And we headed back to the Central Bank. So i saw things for myself.

Studying the way the CBN goes around a lot of Macro-economic variables like exchange rate, you will notice a lot of discrepancies and shady dealings. If you care, i can forward you my findings. i have raw Data in my Google drive, excel and pdf of up to 84 pages, call any page and i will summarize it for you. i can send to you to see for your self. i have circled and highlighted them in red, blue and black pen.

Ma, with what i have seen, we have a long way to go. There are 4 types of Money

1. Oil Money
2. Telecom Money
3. Custom Money
4. CBN EXCHANGE RATE MONEY. ( Blood money )


OOOO bless me Sango , Ogun , Oya and Obatala so i can lay my hands on these money. Yes the dollars will get to N250 this year.


Dont mind me i am a business fan, so i always study and make research findings before i dive in. Couple with my recent interest on writing ICAN, i have developed so much love for the banking sector / stock market and FX.

My Mentor!!! It is well. Just don't forget to carry me along in this new love affair.

Truth is govt policy continuously is affecting the entire situation adversely.

Economically weaker countries will continue to be at the mercy of the larger and stronger economies when it comes to currency shakeup. Importation fellows in Nigeria like myself are feeling the heat very much (Uganda is worse at the moment even) because currently, the dollar stings hard and sadly, it can continue. We are a weak country. Macroeconomic strategies crafted by US policy makers (Shale potential by the side) are sure helping them but I dey feel am bad.

How do we adjust off this considering that the basic Nigerian consumer may not even 'see' goods to purchase in the coming weeks?

Pls apart from first bank. & gtb. Which bank do u advice me to use as Fx xchange. But I really need visa card

Where can i get a token? I have been to about 6 gtbank yet they don't have. I also have first back account and they don't have token too. What's going on please. I will needing it for online transaction aboard. Any advice on what to do please?

Thanks

aril:
Where can i get a token? I have been to about 6 gtbank yet they don't have. I also have first back account and they don't have token too. What's going on please. I will needing it for online transaction aboard. Any advice on what to do please?

Thanks

Pally with pple like young Modulus to hlp make the transfer.

@Ymodulus,
I'm not arguing with you, I'm trying to express optimism that they will arrest the falling BM rate (I already heard its about 242,so even 260+ is not far fetched)..

You don't need to talk plenty, I've worked in a regional branch with big govt accounts where I saw things that made & still makes me shake my head for this beloved country of ours.

@Elparaiso,
Don't , leave your money in your account & use your card to withdraw here, if you have a stanbic, standard chartered or worst case Fidelity, you are good to go.

modath:
@Elparaiso,
Don't , leave your money in your account & use your card to withdraw here, if you have a stanbic, standard chartered or worst case Fidelity, you are good to go.

Thank you so very much

hello all, i want you recommend a good forwarder to nigeria for us purchases, my current one is having issues with us homeland security because fraudulent guys also ship to their address

modath:
@Ymodulus,
I'm not arguing with you, I'm trying to express optimism that they will arrest the falling BM rate (I already heard its about 242,so even 260+ is not far fetched)..

You don't need to talk plenty, I've worked in a regional branch with big govt accounts where I saw things that made & still makes me shake my head for this beloved country of ours.

@Elparaiso,
Don't , leave your money in your account & use your card to withdraw here, if you have a stanbic, standard chartered or worst case Fidelity, you are good to go.

O sorry we not arguing. That was not my intent. .

Lol@ ' makes me shake my head '.


Ma if I am to ask you a question, if you are oppurtuned to be on such a seat will you make a change? Well for me

Ymodulus:
O sorry we not arguing. That was not my intent. .

Lol@ ' makes me shake my head '.


Ma if I am to ask you a question, if you are oppurtuned to be on such a seat will you make a change? Well for me

I will like to get that document you talked about...
I keep saying it, our banking sector is over corrupt.

http://vaticproject..com/2015/01/rothschild-banking-empire-valued-at-100.html?m=1

You can read that too for your research

I guess we no longer posting rates here...

Stanley08:
I guess we no longer posting rates here...

I tire o. Thought it was supposed to be daily monitoring. About to do transaction with GTB. Will post update

pls someone should help me with central bank email.gtbank won scam me.dey remove money from my account and I did not make any transaction. was at d bank today but d cc did not tell me anything about refund

Opeyemi5:
pls someone should help me with central bank email.gtbank won scam me.dey remove money from my account and I did not make any transaction. was at d bank today but d cc did not tell me anything about refund

send a mail to their card transactions team with photos attached of your recent transactions. Had a situation in June but i was refunded same day!

Ymodulus:
O sorry we not arguing. That was not my intent. .

Lol@ ' makes me shake my head '.


Ma if I am to ask you a question, if you are oppurtuned to be on such a seat will you make a change? Well for me

We cant continue in this fashion, it is unsustainable, make we no go self destruct ..

By change are you talking about PMB? cos if that's the point, I'm unapologetically team PMB.

Stanley08:
I guess we no longer posting rates here...

Stanbic is still holding strong at 199.5, though i used my card last on monday...

igboboy3:
Stanbic's acct opening process is taking a very long time
Is there anyone in the Surulere/Lagos area with a stanbic card who can help yours truly make a USD payment?

Am in lagos

Hello a beg o watz the rate for Skye bank

tumababa:
please who knows the rate of dollar if i want to use western union to transfer to usa?

no one here has ever tried this?

Eghosa1:
send a mail to their card transactions team with photos attached of your recent transactions. Had a situation in June but i was refunded same day!

thanks boss.please can you help with the email address

Opeyemi5:
thanks boss.please can you help with the email address

cardservices (at) gtbank dot com sir!

tumababa:
no one here has ever tried this?

#197.21 naira as of today sir.