₦airaland Forum

I am amazed that Nigerians have not spoken out about the daylight robbery being carried out by both MASTERCARD and VISA CARD. Using Mastercard today for a transaction in Ghanian Cedi, i was surprised to see that they exchanged N81 for 1 Cedi !!!!!. If we say the Naira has depreciated against the Dollar, Pound and Euro, has it also depreciated against the Cedi. I read of someone who also did a POS transaction for payment in Pounds at N400/1 Pound. My question is "who regulates these agents"?. Why is their price even higher than the black market?

I am convinced that our banks have even started profiting from the Western Union and Moneygram waiver. Everytime you get to the bank to ask for this service, they say they have exceeded their limit. Many parents whose children school in West Africa have almost been frustrated in this respect.

My appeal to the Federal Goverment is to revisit this issue and deliver us from these capitalists whose interest is to increase the sufferings of innocent Nigerians.

God bless nigeria

I think the banks and CBN are to blame, not Mastercard or Visa. Rates are set by the bank who are supposed to be monitored by CBN

CBN directive coming from Dullardino himself.

They want you to patronise their approved and licenced black marketers, Adamu and Sons.

Next time withdraw your cash

you want to transact in the global marketi with President Buhari as your president?
you never chee chomting

Hhhmmm
Let's kip praying.

And the useless mod thought by moving it to crime section he can hide the scam by the Buhari govt?

You try

Itsekiriman101:
I am amazed that Nigerians have not spoken out about the daylight robbery being carried out by both MASTERCARD and VISA CARD. Using Mastercard today for a transaction in Ghanian Cedi, i was surprised to see that they exchanged N81 for 1 Cedi !!!!!. If we say the Naira has depreciated against the Dollar, Pound and Euro, has it also depreciated against the Cedi. I read of someone who also did a POS transaction for payment in Pounds at N400/1 Pound. My question is "who regulates these agents"?. Why is their price even higher than the black market?

I am convinced that our banks have even started profiting from the Western Union and Moneygram waiver. Everytime you get to the bank to ask for this service, they say they have exceeded their limit. Many parents whose children school in West Africa have almost been frustrated in this respect.

My appeal to the Federal Goverment is to revisit this issue and deliver us from these capitalists whose interest is to increase the sufferings of innocent Nigerians.

God bless nigeria

dont mind them...they just want to have the name in their pocket...the dont care if its killing them....