yaki84:
i dont blame d banks, i blame bank customers.

How much forex do cbn give to banks daily?
Some customers will want to use 200 peoples slot alone.

Also cbn shud uplift d ban on dollar deposit, i keep saying this nigerians hv enough dolls in their bedroom but they cant take it to the bank.

Dollar deposit ban had been lifted since the beginning of the year

blaise00700:
I had a nightmare last night, i saw Buhari in my dream giving orders to EFCC officials to break my front door

Any Joseph in the house to help interpret

Note : I didn't study law

Lolz.
Did you collect any allocation for the 2015 election?
Dont worry, you will be in the company of VIP like Dasuki soon.
Seriously, it could be that the Govt. might need your assistance and come calling at your door.

ladyF:


How do I get it please?

Google there website.
N I hope u will be able to meet their terms

Pls CBN should also look into their money gram rate cos is now 434 per dollar.Banks are thevies.Ole

modath:


Can you take me through the process? Thx.

sorry, it's the other way round. You deactivate DCC within paypal

http://www.ogbongeblog.com/2016/10/cancel-paypal-dynamic-currency-conversion-dcc.html?m=1.

Well ....may be you should explain it better.

mecusbosco:

I'm not sure understand the way bank operates...

danjumakolo:

Google there website.
N I hope u will be able to meet their terms

Just Google'd it. I doubt I'd be going that route. Thanks though.

harosho07:
Please can you explain how this will affect the Facebook advert payment since this banks do not allow payment in Naira

It means you cannot use your Naira MasterCard to pay for Facebook Adverts. So, you have the option of applying for Dollar MasterCard which requires that you link it up with your existing Domiciliary Account ( or open a Domiciliary account) or use Paypal.

blaise00700:
I had a nightmare last night, i saw Buhari in my dream giving orders to EFCC officials to break my front door

Any Joseph in the house to help interpret

Note : I didn't study law

In Australian slang,front door means mouth,when you are told to shut the front door,it means shut the fk up.not a joke o.

My friend on a serious note,if you're not into any criminal activity,then your dream means that you're about to receive a breakthrough,but if you're into dodgy biz,then your own don finish be dat.Watch out for efcc or ndlea.

Banks are the problem Nigeria is currently battling with. Banks and CBN push Nigeria into recession and they don't want to take Nigeria out of recession into growth. We are fantastically corrupt. Corruption in our major problem, bankers are the most compromised and unpatriotic Nigerians after police.

you have to change the currency to usd before you can pay. If you use naira as payment currency using your naira card it wont go, you will receive a reply from your bank saying one dynamic currency conversion blah blah...

harosho07:
Please can you explain how this will affect the Facebook advert payment since this banks do not allow payment in Naira

.

euromilion:


In Australian slang,front door means mouth,when you are told to shut the front door,it means shut the fk up.not a joke o.

My friend on a serious note,if you're not into any criminal activity,then your dream means that you're about to receive a breakthrough,but if you're into dodgy biz,then your own don finish be dat.Watch out for efcc or ndlea.

Thanks bros, my hustle pure pass pure water.

If no be my babe wake me say i don late for work, i for get hearth attack grin

Those EFCC officials carry horn for head

Realdeals:
I was surprised when I was charged at N322 by a bank for online transaction.

Which bank is that and when?

The banks in Nigeria are legitimate thieves like the politicians with no set rules. Even when banks like Zenith was allowing the use of naira card for withdrawal abroad,they use to have a different rate(so-called CBN rate) in paper,but in practice charged more than black market rate.

It is pathetic when bank policies can't be trusted as if they are pay day loansharks.

Realdeals:
I was surprised when I was charged at N322 by a bank for online transaction.

You probably used dollar dominated card

obailala:
The only bit of this whole mess I don't understand is why the CBN keeps maintaining a wide gap between the interbank and blackmarket rates. I thought we were supposed to be floating the currency?... Why on earth do we still have such a wide difference between official and parallel rates?

CBN keeps forcing everyone to exchange at unrealistically low official rates thereby encouraging the exact same round-tripping which we were supposed to have eliminated by floating the Naira.

Today Nigeria is hoping to utilise the massive diaspora remittances to plug the forex gap, but at the same time, CBN is pegging the maximum rate at which international money transfer organisations like AZIMO, Western Union etc should exchange for. AZIMO for instance exchanges £1 for N450 while the true value of the pound (black market) is in the range of N550-600. How on earth is this stupid regulation supposed to encourage those in diaspora to send more money?.... I think the entire board of the CBN needs to be flushed out cos they are as clueless as the word itself.

Na people like you dey kill naija. So you want the rate to be 1 pound to 600 naira to encourage you to send money home. Selfish Nigerians...

Rubbish.

yaki84:
i dont blame d banks, i blame bank customers.

How much forex do cbn give to banks daily?
Some customers will want to use 200 peoples slot alone.

Also cbn shud uplift d ban on dollar deposit, i keep saying this nigerians hv enough dolls in their bedroom but they cant take it to the bank.

That's not all. U need to go to the airport and see what those bastard BDC are doing. I understand any international traveller is actually entitled to purchase max of $4k at the airport but some of those bastards are actually getting these travelers to do that for them at some token. Corruption everywhere.

customers don't angry, everything wllbe ok us o

wolfenstein:

so r u trying to say online transactions will reduce now?

only if the banks comply to cbn terms without any. curning move by the banks

bedfordng:
only if the banks comply to cbn terms without any. curning move by the banks

They must comply o, will consult my ancestors

blaise00700:
I had a nightmare last night, i saw Buhari in my dream giving orders to EFCC officials to break my front door

Any Joseph in the house to help interpret

Note : I didn't study law

JOSEPH: Your dream simply shows that either you, or your Uncles, or Aunts, or friends or associates or Pastors or Imams have eaten our collective National cake without our permission. So, God wants Buhari to make you retrace your steps from that journey to doom. Gbam!!

bigtt76:
So what of the dollars the banks were to sell to BDCs? Did they source it from the Black market ni? These people are not just telling us the truth. The banks stopped the card transactions after CBN suspended 19 banks from selling their forex.

What this meant is that when the banks are suspended, they cannot continue to payout Naira to customers while they have a horde of forex unused in their vaults.

They would end up not having Naira again since they cannot use the forex to settle their bills externally without CBN clamping down on them nor can they sell to the BDCs to get Naira. Just watch, when the suspension is lifted, they will resume ....#uselessBanks

APC has finished this economy with useless policies.

Imagine the wide gap of N470 to N305. Black market and Interbank rates.

.

bettercreature:
You probably used dollar dominated card

No, it was a Naira MasterCard.

Nigerian banks are bastards.
I requested for PTA through Stanbicibtc when dollars was about 350 at the black market hoping to get it at CBN rate of 305.
But to my greatest surprise, after one month and two weeks of request, the useless bank called me to say that they can give me 2000 dollars at 398.7 naira. By then black market had gotten to 470. These banks are very useless and inimical to Nigeria.

Realdeals:
I was surprised when I was charged at N322 by a bank for online transaction.

THAT ONE SMALL SEF 430 NAIRA PER DOLLAR

wolfenstein:

That's rubbish from GTB o, so I can't buy something more than $100 a month with my Naira Master Card from GTB

YOU ARE SPEAKING AS IF YOU NO DEY NIGERIA

ojochidem:


It means you cannot use your Naira MasterCard to pay for Facebook Adverts. So, you have the option of applying for Dollar MasterCard which requires that you link it up with your existing Domiciliary Account ( or open a Domiciliary account) or use Paypal.

Is that not a huge setback for online businesses?

Realdeals:
I was surprised when I was charged at N322 by a bank for online transaction.

Ecobank bank charged up to 480