₦airaland Forum

Op is funny....First Electronics may be a partner of Konga but you order might not be available on Konga at that point in time and they sought for it elsewhere: Jumia, rather than losing a potential customer and money. Hun? So, that's how life goes. Remember it is a 3rd party site, not direct from the source.

cmecproblem:
for now the banks with the best rates are Fidelity bank - 180/200, UBA - 171. the banks to avoid for now are diamond bank-143, gtb- 138. i will try out stanbic, firstbank and eco next time i withdraw funds.

Permit me, is your Bank B.O.A(Bank of America) too?

ferhyntorlah:
Thanks dear. How are you doing this morning?

I'm fine. Thanks.

ferhyntorlah:
Hi, were you charged by Fidelity for using their ATM?

There is always a fixed $3 charge per withdrawal at ATM (Payoneer fees).....I think the Banks are the one setting the exchange rates, not Nigerian Banks now, but US banks as opposed to the guy that said na Master card....just saying though

Looks like exchange rate is good this morning at Fidelity Bank N200=$1.

MULLAH123:
the normal phone browser, and i already have the account. what i mean is to be checking the site with the phone.

As long as it is a BB (traditional type), forget it....use android or the new BB OS...their app is available on android.

tooltip:
Receiving of Paypal funds is not allowed for Nigerians, but there is a way to withdraw with it here using the UBA africard without incurring any charges like the payoneer card.......zero charges i said!, withdrawal limits are usually 500 usd daily

Oya, I wan hear you....Yarm me toolip.

HAkorehdeh:
Everyone in the house. I got this thread using the nl search and i discovered a lot has been said about payoneer master card. I've ordered for it since last month and it's supposed to arrive between 11th and 17th of this month. Today when i logged in to my account, i found out i have been moved to the next step (last stage). I haven't received the card yet, never received any notifications yet i was asked to verify my card. Is this how it is done? Won't i receive any notifications as my card arrives?

people sef...perhaps you are new to online ordering....Is it 17th yet? This is just 12th...go check your P.O Box on the 16th or 19th....when you get the card, then you can verify...it is that simple, the company is not forcing verification on you for now...you will do that when you wish.

MULLAH123:
Thanks twosquare, and again hope dey wouldnt suspend my account if i open it with my bb torch2 because there is no zenmate to portray my ip as USA

I'm not sure if BB can successfully open fiverr website and register on default browser. do you have a laptop? I want to know the type of browser you are using.

MULLAH123:
Good morning, everyone y'all doin a great job here and may god reward you all.
please this question goes to the level one sellers, like an average of how many oders do you get each week?
i just feel lyk all ds rush for level one ain't worth it, thanks and waiting for your response.

3-4. depends...I have not bid on any request yet, coz I have to work on orders i have...And you may get one order that the money is worth 200 dollars which will cover for the rest of the orders you didn't receive that week. There is hardly a week i don't receive orders...but this week now, none yet...except prospect buyers sending messages.

coderXO:
I've been on freelancer 10 years. I'll tell you about fallacies.

A mastercard or visa is exchange rate is regulated by the company issuer, not the bank.

You can't have a one bank card charging whatever it wants. What stops them from changing 100 versus 200 versus vs 50 vs 1 vs 3?

The 5000+ banks throughout the world the issuing visa/mc are each setting the exchange rates individually as they chose?

What is GTB exchange rate for when you use you naira mastercard in India or Pakistan or Myanmar or Ghana or Korea or Thailand or etc etc.

They have set the exchange rates for these too from Naira to Riyals to Cedis to USD to Rupees to Baht to Ruble?

Come on now folk. Use your medula.

You don't have to be insultive to drive your point.......

coderXO:
Some people don't know what they are talking about.

This is false information.

None of these banks set the rate.

It is set by mastercard, period.


The rule of thumb with your "Freelancer" Payoneer card is withdraw the max each time ( 20,000 ) or else you will shoot yourself in the foot.

The card charges $3.00 per withdrawal and exchanges at 3% less the official exchange rate.

If you went and withdrew N5,000 you effectively reduced the final exchange rate as opposed to the rate you'd get for N20,000.

$3 on N5,000 is a 12% reduced "effective" currency rate.

$3 on N20,000 is a 3% reduced "effective" currency rate.

End of.

I will still say this is a fallacy until proven otherwise...I don't believe the aspect you said, " None of these banks set the rate. It is set by mastercard, period." Oh....all the banks have separate exchange rate the same day and na Mastercard set am? FirstBank ex different from UBA, GTB, Fidelity on the same day? Mastercard is just a mode of payment like visa is.....I still insist the banks sets the exchange rate.

chiboy11:
I just heard u can't use more dan 300$ online, dat means most of us here dat shop on ebay can't spend more dan 300$ daily n we Nigerian can't buy phone dats wort 400$

I wonder dis kind of maths if its tru, wen orda countries re preaching about cashless transaction we ve stupid limits here, and @d end it only afect men on d street like us, cuse a well place crock wil stil smugle 30 million dollars tru benin border if he wants, dis country self I don't know which way.

You are talking of shopping online, what of people who wants to pay school fees?

I just laugh when folks say the Naira is appreciating. What a parochial thinking!! Is it the appreciation of Naira that we should be concerned about or improvement in the standard of living in the country: No constant power, industries are shutting down, high rate of unemployment, mono economy based on a single source of foreign exchange and my country is not a manufacturing country. That this nation tweaked exchange rate to $1 to N1 is superficial, not to talk of the present one Emefiele is doing presently. The law of nature says anything attained via crooked means will definitely crumble soon. Naira gaining against the dollar does not improve the standard of living of the poor man on the street. Soon, the devastating effect of these shallow policies will come like a tsunami..... >:


puskin,
FOD,
naijacutee

cmecproblem:
UBA currently paying at N171 as at wednesday 5/8/15

wisehouse:
BROS YOU ARE LUCKY, IF THAT'S PAYONEER WITHDRAWAL. GTB PAID ME N138....

Are you serious or you are joking? 138 ke....haba....which kain country be dis. Abeg...it is not about discussing bids....can someone on this thread give names of bank with good exchange rates in terms of withdrawing from payoneer, so that we won't be shortchanged? Anyone?

OkunrinMeta:
And about that your dangerous shoe, the answer you are looking for is hisenjos, u withdraw to his paypal, and he sends to ur nigerian account once he gets it. He hasnt disapointed me yet. But ive only done it with my nigerian freelancer account, contact him and ask sha.


By the way, all this 14 days waiting for each (4 dollars) revenue clearance on fiver dey vex me. Make I quick withdraw my $20, i wan buy something.

When you reach the 3rd level, it will only be 7 days

emmygzy:
alright brooo. i just wanna know the route. Meanwhile i just got a single $40 dollar job order from fiverr using USA flag. the naija one that i opened for more than 6 months earned me nothing and this one is not up to a week old.

I have replied your pm.....check your mail

emmygzy:
my oga, i don send you pm. Abeg reply make we talk better. Bleep nigerian flag.

I will before midnight....my hands are full and i have a seminar presentation to attend to......Please be patient.

ferhyntorlah:
I hail you Mister twosquare. I've been following your posts. Coping with two sites, you mean Freelancer and Fiverr?

I strongly agree with you that our flag deny us the chance to earn legitimate income online.

All Freelancers working on freelance.com, I salute una.

, Yeah...Fiverr and Freelancer...just that Fiverr gives more time to attend to others. Everything is legitimate there, only approach differs....at least i work hard before earning 500+ in a month and you will tell me i can't withdraw my earnings? I will beat such sites to the system and tell you that wisdom is greater than strength.

boladale:
Guys, kindly advice me on a fast and affordable internet service provider to use based on your recent/current experience. Mine is killing me; after expending about 6k in less than a week, i've just headed to a cyber cafe. For a newbie who has not made a dime, i need to think fast for my work to be sustained.

thanks, waiting.

Lol.....mine is almost same as yours sha....i use MTN here coz it is good. Glo no get 3G here.....Even at home, i suffered from Glo's hand at first. That's why when i withdraw in few weeks time.....I will see if I can get a tablet just for monitoring bids...Laptops consume data like goat wey dey eat beans

emmygzy:
Me i opened, an account with USA flag there. I want to know if theres any risk involved with it. Can i still withdraw my money with my payoneer card? Wont they detect that im a naija guy? So that my dollars will not be hanging. Anybody in my shoe here?

Permit me to teach you a wise thing. It is true what Ladywriter said about being yourself but often times it doesn't work with our bad image. I opened a native flag account and it has been working wonders somehow Because in my discipline, no one will trust me with their work if I'm not native. After been awarded works, I discovered that I'm ten times better than these natives. Many of them be "olodo" but because of my flag, I'm a stereotype. Let me use my foreign flag. I only see it as my Transnational identity. I don't bid on projects I'm not able to handle. After finalizing projects awarded, they end up with "waoh...this is awesome" but if they really know who I am, will they even consider me? This is an online forum...send me a PM...I will teach you one wisdom. I'm yet to withdraw my earnings too but there is a flaw in FL policies which they should think of. What if I'm an immigrant travelling to and fro and i opened in a foreign land only to come back home? I'm the patient one, and my patience will outrun theirs.

right now, I'm overwhelmed.....Coping with two sites is not easy.

2sex:
Please, I want economics technocrats to enlighten me on this new policy by the CBN governor. From what I understand on this new wave or trend of the Naira against Dollar, the dollar is being FORCED under intense pressure to fall against the naira.

To the best of my knowledge, this is an artificial surgery to a natural problem, I can't see how this is sustainable in the long run.

To be clear, I like the new trend and I a PRO Buhari, so please do not call me a wailler . I am just trying to be more pragmatic with an open mind.

This bring me to the main question that is bothering my mind: What are the economic measures in place to ensure that the naira doesn't fall against the dollar in weeks ahead and is it ensured that the naira becomes stable or rise further against the dollar? I need to know please

you're very sensible....short term against perennial problem....fix power....fix transport networks.....enlarge agriculture and manufacturing.....and fix ICT.....it will crash itself and naira will be strengthened...but when you create artificial solution for a perennial/natural problem, it won't last. The after effect will be disastrous, and how great will the crash be! CBN is not taking its time to plan with precision.

onatisi:
very simple. Banks are no longer allowing you to deposit dollars or foreign exchange in your Dom account anymore. And we all Dom acc are mainly used by business ppl.
2)you can spend the money you have in your Dom account but can't fund it.
3) there is a 300dollars daily spending limit on cards and 50000$ annual spending limit.
So how do importers and manufacturers pay for goods they need for their goods manufacturing and services

I watched a discussion about it this morning on CHANNELS where they interviewed an Economist. It's still the same thing I said earlier this week. He said the CBN policy is short-term and won't go a long way in reality....you can decide to keep your dollars until policy change....if you take dollars to other nations of the world, they will simply collect it from you and give you the equivalent rate in their currency. It's that simple. US Dollar is too strong now. Although i don't support the dollarization of the economy but if the policies of Government is not changing towards manufacturing and industrialization...this policy will have a disastrous effect.



Now, let's talk of importers...it is easier to import things from China where the markets are than manufacture in Nigeria. Why? Coz the platform, tools and environment for creating such is not available by the same Government policy. It is even more expensive...diesel, lack of constant energy, bad roads and poor ICT. So? How do importers pay? Perhaps they are trying to put them out of business...what about opening dom accounts in neighboring countries?

debbie:
Plus nobody seems to have any tangible answer to give. Such actions call for penalty. In developed countries,a bank can't just go blank for about 24hours without being sued.

You can be the first to sue them

mapet:
.or it takes you to a dangerous and unexpected destination, on top of a tree, in the middle of wild forest or inside water and you cannot swim....

no...that's not it....Apart from KANAKO that i explained which will only involve your spirit walking in the dream state.....OFE doesn't do that......it will take you to the EXACT location you have in mind. But there is another variant of OFE that is called EGBE (which involves sudden catching away). Most often used when sudden harm wants to happen to the person, like accidents, attack befor e you even premeditate anything, without your consent. OFE involves CONSENT, but EGBE doesn't. EGBE can dump you in BERMUDA TRIANGLE but OFE will take you to your envisioned destination.

TonySpike:
I am most intrigued by inventions of "Kanako" and "ofe" by our forefathers. These two charms would make Harry potter and his minions jealous of African science. As a scientist, "Kanako" is a called road shortener, actually it should be called "space-time manipulator". How were our fathers able to develop these potent charms that rubbishes modern physics law of relativity? Ofe is simply a simpler form of "space-time manipulations", in those days, "ofe" was only invoked when in danger.

Now, my thoughts:
1. Could our forefathers have used Kanako to travel from one point to another while migrating?


On a softer note, there existed a form of Kanako in Igbo culture. With Kanako, you could travel from Lagos to Kano in a matter of seconds!

I like your thoughts on road shortener, but their is always a price to pay for Kanako, especially. It is often used on urgent matters, dire situation and when you are running out of time to save an important situation. When you use it, your spirit will still come back and walk that same distance in the middle of the night.

bettercreature:
We are talking about parallel market

That's none of my concern...while I'm talking generally....either parallel or not.....it will still hit the roof soon....just wait till December. If proper amenities are not put in place that will serve as shock absorber for the economy....we are on a long thing....

This is temporal effect.....if working amenities are not put in place, forget, it will still go up.....just wait for Iran's oil.

silkytouch:
Is it me or do guys from India, Pakistan and Bangladesh dont like giving others reviews? for over a week now, I ve been messaging a client from Bangladesh for a review, and the guy just wouldnt acknowledge my messages. Its so annoying.

Not you, some Employers are just like that....I don't know what they gain from it....same with a guy from Canada....I told him times without number to before he released the milestones and he said no problem.....up till now, he won't even acknowledge my message even though he is online.

Although the restrictions have angered investors and frustrated companies that need dollars for imports, Emefiele has rejected the idea of loosening the curbs, saying the central bank could not adopt an “indeterminate policy” of currency depreciation.

Global ratings agency, Standards & Poor’s, had also said Nigeria would have to devalue its currency at some stage, possibly by more than 15 per cent, though it saw the adjustments as likely to be gradual.

Igba wo ni maku o ti nii ku.......Kokumo ati Iya e n tanra won je ni.

Bwhahahahahaha......