ednut1:
whatsapp and telegram

I see...no escrow

Onyi22:
Pls somebody should interpret it for me

If you send us dollars to Nigeria from abroad through companies like money gram or WU 5 Naira will be given for every us dollar.

But dollar is just 380 naira over the counter or I don't get it

PHijo:


If you send us dollars to Nigeria from abroad through companies like money gram or WU 5 Naira will be given for every us dollar.

Ok great

I'm kinda confused..! Abi it's the goat meat, that is confusing me?

PHijo:


If you send us dollars to Nigeria from abroad through companies like money gram or WU 5 Naira will be given for every us dollar.

How much is dollar at black market, and how much is the bank's exchange rate? I don't think N5 incentive is enough for people to stop taking their dollar to the Aboki at black market

Onyi22:
Pls somebody should interpret it for me

It means that if you have 400 naira you can not buy one dollar....

But if you have 4 dollars banks will give you #2000


Hope u understood?.....

One of the dumbest cbn policy is disallowing direct deposits to naira accounts from abroad.

They really messed up a lot of Nigerians.

Something very very convenient. N they thought best to take it away from the customer.

They effectively killed small transfers. (35k or less)

Henix:


How much is dollar at black market, and how much is the bank's exchange rate? I don't think N5 incentive is enough for people to stop taking their dollar to the Aboki at black market

It is not, the policy doesn't make sense at all.

I transferred $8k to my sisters GTB dollar account via my USA bank Chase bank and she went to collect the money and ask them for the naira to dollar they refuse giving it to her saying you only can get it if you use international money transfer organization. Like world remit, boss revolution , small world and remitly.
Scam scam scam.

Biyonce:
Chicken change

Creamy boobs indeed. More grease to your boobs, sorry, your business

D

Alhajikbee1:
How come I never heard of the scheme

But you nor dey send or received

So enter house �️

[quote author=Stephenlord post=99944003][/quote]abeg wey osamz007 sef? Na him dey use this meme pass

Onyi22:
Pls somebody should interpret it for me

Banks are giving #5 for every dollar received at the moment.
This means if you were sent $100, you will receive it plus #500 as incentive.

Last week Friday, I got some cash as incentive after collecting my actual dollar through Western Union from UBA over here in PH.

gogo2479:
I transferred $8k to my sisters GTB dollar account via my USA bank Chase bank and she went to collect the money and ask them for the naira to dollar they refuse giving it to her saying you only can get it if you use international money transfer organization. Like world remit, boss revolution , small world and remitly.
Scam scam scam.

That is because when you receive money through domiciliary accounts, it is not seen as remittance. That is bank to bank transactions

International money transfer organization is all about remittance and the cbn naira to dollars promo is for only remittance

if black market is 485/$ just minus 5 naira... dollar still high... God punish Buhari and Nnamdi Kanu

DSC7:

It means that if you have 400 naira you can not buy one dollar....
But if you have 4 dollars banks will give you #2000

Hope u understood?.....

Misleading bro. If you receive 4 dollars, you will be given 20 naira.
Please let's try to understand the scheme so as not to mislead others.

Whois:
Cbn is doing 5 naira give away for every $1 you receive




Off topic I met a friend that just got back from UK he actually informed me about this loophole about a month ago he said he found out it is profitable to withdraw £ or $ inside banking then go exchange at a BDC and now cbn has made it a legal hustle

This has existed for years.
Every smart dude knows this.

Henix:


How much is dollar at black market, and how much is the bank's exchange rate? I don't think N5 incentive is enough for people to stop taking their dollar to the Aboki at black market

The scheme does not force you to exchange your dollars at the bank.
They give you your money and the cash incentive along.

I received my money last week plus the naira incentive.

I have never exchanged at the bank, I normally run to the black market to do my exchange. (460-470) at the moment.

Livelystone01:
Misleading bro. If you receive 4 dollars, you will be given 20 naira.
Please let's try to understand the scheme so as not to mislead others.

Ok sir i don learn.....
#20 wey no buy 2 purewater here.....

Dis govt na wa ooo....

Alhajikbee1:
How come I never heard of the scheme

There are many beneficial schemes out there but only ethno-religious tension get front page attention on this forum.

Alhajikbee1:
How come I never heard of the scheme

There are many beneficial schemes out there but only ethno-religious tension get front page attention on this forum, so sad!

QuitNotice:
H

H knack you there

BadRadio:
if black market is 485/$ just minus 5 naira... dollar still high... God punish Buhari and Nnamdi Kanu

Na NK be the new CBN governor?

DSC7:

Na NK be the new CBN governor?

he is the president of biafra

BadRadio:
he is the president of biafra

Lolssss.....
Our online country abi?

Nlanders no go kee pesin ahswear....

DSC7:



Lolssss.....

Our online country abi?


Nlanders no go kee pesin ahswear....

MNK na guy man... he's hustling from isreal... but he's president of biafra

Livelystone01:

The scheme does not force you to exchange your dollars at the bank.
They give you your money and the cash incentive along.

I received my money last week plus the naira incentive.

I have never exchanged at the bank, I normally run to the black market to do my exchange. (460-470) at the moment.

Where is the location you did the exchange for 460-470 at the moment

Livelystone01:

The scheme does not force you to exchange your dollars at the bank.
They give you your money and the cash incentive along.

I received my money last week plus the naira incentive.

I have never exchanged at the bank, I normally run to the black market to do my exchange. (460-470) at the moment.

that rate is low. I sold at 477 today

Onyi22:
Pls somebody should interpret it for me

If someone you know sends you money from abroad say like $1000. You can go collect the $1000 at the bank and in addition, you will be paid N5 for every dollar.

E.g: N5 × 1000 = N5000.

So you will get your $1000 cash plus another N5000 cash from the bank.