Aflix:
And CBN recently said there's no Forex scarcity. Why is this government always lying to us
Well na better cash out for streets

What else do you expect from a government that has a dullard as president and a lying machine as minister of information?
Is it not the same government that told us Nigeria was fully prepared for corona virus when the virus didn't reach here?

.

.

contumely2:


baba how can i preserve the little change i have in naira bank accounts?

Since it's depreciating fast.

It depends. If you are a businessman just like me, invest it in marketable goods. That way, the money is preserved, with the extra profit that comes from it.

Otherwise, you exchange them for dollars.

miniziter:
Good news. Now my cocoa will sell

That’s good

I understand you clearly...
How I wish I fund my Forex trading account when the dollar rate was still below 400 naira. With this lockdown I would have made a lot of dollars for myself and even spend some now that its value is up.

SenecaTheYonger:
its still 374.12 NGN in online money transfer service, Bleep off with this fake news.

t

Name service vendors, please.

OsuIgboIpob:
CBN is indeed very stupîd under Buhari.
The present governor must be a retàrd.

How can you continue to shroud something and not expect it's value and scarcity to increase


They stopped all transactions and transfer on Forex accounts since. Even if you have a domiciliary forex account, YOU CAN NOT TRANSFER IT TO ANYWHERE.
The only thing you can do with Forex card account with existing fund is to pay for international transactions or purchase something with it online.
The only way you can fund the account is to buy Forex From bureau de change and go to the bank to deposit it.

What kind of stupîdity is that?

Since the implementation of that nonsense, naira has continued to devalue.

Is it only Nigeria that Corona virus or lockdown is affecting?


USELESS leaders.

Bro, you mean say if I go aboki buy dollar, deposit into my dorm account. Them no go let me transfer the money go another country?


Why be say we no fit carry naira enter bank request dollar transfer to another country for business?
Why we must buy from Aboki?

grossintel:
That is if you have dollar to exchange, if you plan to send dollar to a dom account in Nigeria and exchange it for 450, good luck with that. The banks don't have dollar to give anyone, that's what they claim but we know they are holding. The only option you have is a conversion at $388 or so. Been there and I was mad

Guy, are you serious? Them no dey give cash dollar again for bank? So boys wey wan cash out and sell to aboki no go see shi shi for bank?

gypsey:
You are spot on, i use transerwise always. the only reason is they reliable.

Person fit use transferwise send money out of Nigeria to Dubai?

How does it work ? With ATM card?

MondayOsunbor:



oga yoruba Muslim wetin concern America for this matter na . this calamity that is about to be fall Nigeria is solely the making for yoruba Muslims .

buhari is soooooo incompetent .

economist had for years proffered solution to this problem about to hit us . but will buhari take it NO

how can a master allow his slaves to go


https://www.youtube.com/watch?v=NehjNoZD1OY

No policies and strategies can avert economic woes neither be dished as profered solutions to economic meltdown when you don't understand the existence and influence central bankings in most countries.

China knew American masters' games very well, reason Trump called the cunning dwarf. China is up for the game, hence the implementation of policies to only promote internal dependence and monetary circulation.

You lots that falsely claimed economy were at peak during GEJ, OBJ, never ask why dollar kept rising against naira? First, you don't know what CENTRAL BANK is all about.

fid4fid:


Person fit use transferwise send money out of Nigeria to Dubai?

How does it work ? With ATM card?

Yes, i think you can, you download the app, and register, it would tell you how much their rates and charges are. You can send with your debit card, paypal or you can open an account with them, bank your money there, witdraw or send when ever you want.

shiki:
It will reach #600 B4 Dec

DECEMBER IS EVEN FAR

okomile:
Garri no dey sell for dollar
I don't need it

it will still affect u. the person u de buy garri from de also consume foreign goods like electronics, e.g socket, extension, bulbs TVs, computer, phones, etc. when the price of getting this things into naija increases, the garri seller will have to pay more to buy any imported product. so him too go increase price of garri in other to meet up. It has a way of affecting everything we do. hope u get it. u no remember say before we de buy mudu of garri #100-150. exchange rate affects everything u can think of.

This maths is counterintuitive, it's supposed to be crashing not rising. No body is sourcing dollars for international travels or importations like that due to border closure, so where's the demand that's making dollar rise like that? Our economy always defies logic

okomile:
Garri no dey sell for dollar
I don't need it

Hmmm

i've never enjoyed online business like I do now. my fiverr withdrawals be making huge sense now.
My forex trading account withdrawals too.

###Don't be a victim of the constant dollar rising problem in Nigeria###

Kindly check my post you will learn about the tricks the rich in Nigeria are using to protect their money from the constant naira depreciation.

They finally sold the Country

Exporters

Etinosa1234:
people that will gain more from this are those living abroad

ye

SenecaTheYonger:
its still 374.12 NGN in online money transfer service, Bleep off with this fake news.

Calm down bro...its not fake news...3 different rate let me explain...if you have $100 right now...go on the street(Sabo) you will get 44500(That is called black market or parallel market or unofficial market), same $100 official with CBN is currently 390 naira, (in the bank and worldwide exchange), so..the 374 u were talking about is money transfer rate because they also making extra 15naira on every 1 dollar on your money. do u get it now?

macaranta:
This maths is counterintuitive, it's supposed to be crashing not rising. No body is sourcing dollars for international travels or importations like that due to border closure, so where's the demand that's making dollar rise like that? Our economy always defies logic

It's because nigeria is an import heavy country. we are always buying foreign goods, but have nothing to export, hence putting pressure on the dollars w have in the country.

Too much naira chasing too few dollars. Thus, dollar price goes up.

You mean if I have dollars in my domiciliary account, I cannot transfer it?

OsuIgboIpob:
CBN is indeed very stupîd under Buhari.
The present governor must be a retàrd.

How can you continue to shroud something and not expect it's value and scarcity to increase


They stopped all transactions and transfer on Forex accounts since. Even if you have a domiciliary forex account, YOU CAN NOT TRANSFER IT TO ANYWHERE.
The only thing you can do with Forex card account with existing fund is to pay for international transactions or purchase something with it online.
The only way you can fund the account is to buy Forex From bureau de change and go to the bank to deposit it.

What kind of stupîdity is that?

Since the implementation of that nonsense, naira has continued to devalue.

Is it only Nigeria that Corona virus or lockdown is affecting?


USELESS leaders.

SweetOlive:
It’s Time to learn some Forex Trading Skill

I can teach you.

jojofola:


E be like say u no dey use card pay online or run paypal for payment.
Body go tell u.

Paypal done they gree for Nigerians to receive $$..? Just asking ooo, thanks..

fid4fid:



Guy, are you serious? Them no dey give cash dollar again for bank? So boys wey wan cash out and sell to aboki no go see shi shi for bank?

Shi Shi dem no go give you. Except $20 notes and that wan na 350 aboki dey buy am. Another option is to convert to naira at their rate, I converted $1100 for 380 last week at GTBANK.

A distress sale of a new inverter ..an X2 series 8kv ,48v inverter ..it's new a serious buyer needed. Asap .you can send a mail to ikemsamuel66@gmail.com

grossintel:
Shi Shi dem no go give you. Except $20 notes and that wan na 350 aboki dey buy am. Another option is to convert to naira at their rate, I converted $1100 for 380 last week at GTBANK.

O' boy e! These banks buru no be small.

If you carry aboki enter bank then transfer usd from your dorm account to aboki dorm account. Then he go give you naira instanta at black market rate... That one fit work?

LikeAking:
###Don't be a victim of the constant dollar rising problem in Nigeria###

Kindly check my post you will learn about the tricks the rich in Nigeria are using to protect their money from the constant naira depreciation.

Bro, how to avoid being a victim of dollar instability?

Any idea?

Jeferious:
It depends. If you are a businessman just like me, invest it in marketable goods. That way, the money is preserved, with the extra profit that comes from it.

Otherwise, you exchange them for dollars.

Another problem be say, in the short to medium term, customers will be reluctant to accept the new prices based on current exchange. That will put a drag on sales. Indirectly pressure on you for turnover.

It's tough. Today 446... Tomorrow 430.. It makes things difficult. You might sell a good at 446 today.. Tomorrow the exchange rate might jump to 460.

Denko2721987:


Paypal done they gree for Nigerians to receive $$..? Just asking ooo, thanks..

No.
We can only send with our Nigerian paypal.
We can't receive.

But folks dey use US, Lesotho paypal to receive funds sha.

And the rate is around #450/$ at the moment.

who cares the dollar was always gaining on the Naira even before covid we expect nothing less of the US dollar