₦airaland Forum

Its a shame. Buhari wishes to solve market issues with paramilitary tactics.

All I can say is ... waiting for 2019

Fabulosdave01:
Honestly God bless cbn for this. Come and see how gt bank charges me 490 for my naira MasterCard minus their commission. No wonder they make outrageous profits. The banks are one of the institutions wrecking our country.

What bank? GTBank is 320 o. Confirmed

the problem of this nation are the middle men....



they will always want to frustrate government effort and will milk the populace.....


e.g banks, legislators and the rest

Banks are one of the greatest scam in this country. Imagine paying me in official rate of #320 when I want to withdraw fund from my Payoneer account. Same banks will charge you at black market rate when you decide to use your naira card online... Banks should start selling at official rate.

yinchar:
This bleeping banks are the one killing this country. All over the world banks makes money from investments that benefits the country in the long run. All what Nigerian banks are know for us chasing politicians and robbing the innocent customers and declaring billions after tax at the end of the year despite recession.

Imagine charging parallel market rates of N490 to $ when you use your card online. So disgusting all the banks need to be fined.

I quite agreed with you bro.

I just know some people somewhere are making things difficult for us in this country.

That's good. The only problem with GTB is just that spending is limited to $100 a month... So bad for me but good for people who don't spend more than that monthly.

Horlufemi:
What bank? GTBank is 320 o. Confirmed

Imagine that.....

franciskaine:
u ain't farther from the truth. The banks in this country are worst than politicians

GTB has been charging N320 for the past 3 weeks.

kabula:
wow
fresh boobs

Like seriously!? Pls where did u see anything like that in the post?
Haba!

The round tripping is a creation of failed government policy .

The CBN under the invisible hand of the presidency refuses to allow the naira find its true value.

On do fingers, a huge disparity has emerged which has led to massive round tripping which is a given in such a market.

That is why a technocrat , Sanusi Lamido has been unrelenting in condemning the present government policy

Chisom460:
is it just me or do this News sounds irrelevant to me...

Its just u

Thery all seem to be at it.

Ripping the nation off.

Nice move by CBN..... That is a good way forward. Warning signal to others while DSS deals with the other ones.

Fabulosdave01:
Honestly God bless cbn for this. Come and see how gt bank charges me 490 for my naira MasterCard minus their commission. No wonder they make outrageous profits. The banks are one of the institutions wrecking our country.

Excuse me but YOU are the one wrecking the country. Why are you using a NAIRA card to make DOLLAR purchases. If you guys quit demanding for dollars and dollar made products, maybe, just maybe the NAIRA will have a fighting chance.

netmillionaires:
Banks are one of the greatest scam in this country. Imagine paying me in official rate of #320 when I want to withdraw fund from my Payoneer account. Same banks will charge you at black market rate when you decide to use your naira card online... Banks should start selling at official rate.

Next time use a DOLLAR card for your DOLLAR transactions. You guys are the ones killing the Naira.

CBN and their outrageous fines. Since Emefiele took charge, they've been fining everything. Very soon, they'll fine banks for coughing. How will Standard Chartered recover from a fine of N2bn?

EbolaParasite:
Excuse me but YOU are the one wrecking the country. Why are you using a NAIRA card to make DOLLAR purchases. If you guys quit demanding for dollars and dollar made products, maybe, just maybe the NAIRA will have a fighting chance.

Shut up. It's not by force you talk. I'm a student and that is how I survive.

But I bring in more dollars than I use naira. So I can say to me it is fair. I bring in more than 10x dollars than I spend. Just that I use my nigerian bank card once in a while and the transaction is always a ripoff... That is why I said why charge me at #320 when I want to withdraw my payoneer dollars into nigerian banks while charging me at #470-#490 when I want to buy something with my naira card... You failed to see where I mentioned bringing in dollars but instead chose to quote where I talked about using naira card. Haba!

EbolaParasite:
Next time use a DOLLAR card for your DOLLAR transactions. You guys are the ones killing the Naira.

Fabulosdave01:
Shut up. It's not by force you talk. I'm a student and that is how I survive.

It shows that you are a student. Your lack of respect and decency is obvious. Being a student is not an excuse. You can obtain a dollar denominated card so stop giving excuses.

netmillionaires:
But I bring in more dollars than I use naira. So I can say to me it is fair. I bring in more than 10x dollars than I spend. Just that I use my nigerian bank card once in a while and the transaction is always a ripoff... That is why I said why charge me at #320 when I want to withdraw my payoneer dollars into nigerian banks while charging me at #470-#490 when I want to buy something with my naira card... You failed to see where I mentioned bringing in dollars but instead chose to quote where I talked about using naira card. Haba!

Whether you bring in Dollars is irrelevant. There are Dollar denominated cards. Use them if you need transactions in dollars. Naira cards are made for transactions in Naira. When you use your Naira card, you putting undue stress on the Nigerian Banks. They do not have enough Dollars to meet their obligations to the foreign banks. They run loses when you use your Naira Card. Again, you guys are the ones killing the Naira.

Winneygirl:
CBN and their outrageous fines.
Since Emefiele took charge, they've been fining everything.
Very soon, they'll fine banks for coughing.
How will Standard Chartered recover from a fine of N2bn?

They will recover quite easily. Using the stolen profit made from their illegal transactions. CBN is just collecting the undue profit back and calling it a fine.

EbolaParasite:
It shows that you are a student. Your lack of respect and decency is obvious. Being a student is not an excuse. You can obtain a dollar denominated card so stop giving excuses.

I am coming home this December to obtain that. Sorry for disrespecting.

Fabulosdave01:
I am coming home this December to obtain that. Sorry for disrespecting.

Apology accepted. No qualms.

yes.. good 4 dem.... WETIN HAPPEN NA ONLY NIGERIA BE COUNTRY. AHAAANH.. PEOPLE ARE dyeing in hunger
.... may the wrath of God befall on anyone .. who don't want this our beloved country to progress. they'll all die by accident..

haa

Have you make payment with a dollar card before? Do you know how it works? When you enter into a GTB branch, do you pay in dollars to get a dollar card or you pay in naira? Do you think if this is how easy it is all the importers won't just get a dollar card to transact business to avoid destroying the country? Your arguement is something I don't want to talk about... It's a proof that you don't know how exchange works. The point of exchange is what change cos there will still be an exchange... When U receive Western Union the banks force you to exchange it right there at the official rate but will sell the same dollars they get from you to someone who needs it at blackmarket rate thereby profiting from your sweat. Go and talk to the banks who destroys the country. Once again, let's say I bring in nothing less than $3000 monthly and take out about $200 in what way am I destroying the economy.
Do you buy clothes, cars, foods, ampliance, books etc? Definitely, you do. Do you earn dollars? very likely u don't. So believe it or not, it is people like who who brings in nothing yet buys foreign goods even when you pay in naira are the people destroying the country because all these things you survive on must be paid for in dollars by someone else. When you stop buying cars, clothes, ampliance etc you can come back to stake a challenge.

EbolaParasite:
Whether you bring in Dollars is irrelevant. There are Dollar denominated cards. Use them if you need transactions in dollars. Naira cards are made for transactions in Naira. When you use your Naira card, you putting undue stress on the Nigerian Banks. They do not have enough Dollars to meet their obligations to the foreign banks. They run loses when you use your Naira Card. Again, you guys are the ones killing the Naira.

netmillionaires:
That's good. The only problem with GTB is just that spending is limited to $100 a month... So bad for me but good for people who don't spend more than that monthly.

Yeah true

netmillionaires:
Have you make payment with a dollar card before? Do you know how it works? When you enter into a GTB branch, do you pay in dollars to get a dollar card or you pay in naira? Do you think if this is how easy it is all the importers won't just get a dollar card to transact business to avoid destroying the country? Your arguement is something I don't want to talk about... It's a proof that you don't know how exchange works. The point of exchange is what change cos there will still be an exchange... When U receive Western Union the banks force you to exchange it right there at the official rate but will sell the same dollars they get from you to someone who needs it at blackmarket rate thereby profiting from your sweat. Go and talk to the banks who destroys the country. Once again, let's say I bring in nothing less than $3000 monthly and take out about $200 in what way am I destroying the economy.
Do you buy clothes, cars, foods, ampliance, books etc? Definitely, you do. Do you earn dollars? very likely u don't. So believe it or not, it is people like who who brings in nothing yet buys foreign goods even when you pay in naira are the people destroying the country because all these things you survive on must be paid for in dollars by someone else. When you stop buying cars, clothes, ampliance etc you can come back to stake a challenge.

You are just giving yourself unnecessary headache. I stand by my comments. Get a domicilliary account and get a dollar denominated card. You say you earn dollars? Then you have no reason not to have a domicilliary account. Mind you, there is no limit on Dollar Denominated Cards. To fund your dollar card, you simply go to the bank and pay in dollars. Either that or you receive funds into your domicilliary account. You people just like to "yarn" anyhow. Stop using Naira cards for dollar transactions!!!

40manlappy:
This is shocking!

The bank used to be known for a high level of due diligence and compliance with local regulations.

You be ex employee?