With the latest policy rolled out by the CBN in a bid to strengthen the naira, all cards denominated in the local currency will not be able to make foreign payments in 3 days time.

This would affect online businesses that rely on foreign merchants - web designers, hosting resellers and others.

The Regulatory bank has no intention to reverse this policy unless its able to boost the nation's foreign reserve from USD29 billion to USD50 billion - We all know this could take years as Buhari mentioned.

Our concern now is to get through this quagmire by every means necessary.

The available options for making foreign payment currently rests in the shoulder of a domiciliary account - a bank account denominated in dollars.

With a card linked to this domiciliary account, everyone can be happy again - Web designers can pay for their hosting and make domain purchases with no stress at all. Now the little issue which I'm here to help you solve is - the CBN had made another policy restricting the deposit of dollar over the counter - this implies that even with a domiciliary account, you cannot deposit the dollars you purchased from Ab0ki at N280 (black market rate).

The simple solution to this is to get someone who has some dollars to spare in their domiciliary account to do an online transfer to your account - If you need to confirm this, kindly call your bank or account officer today.

That said, should you intend to obtain dollars into your domiciliary account via online transfer at a rate much more lower than what the Bureau De Change operators and road-side Ab0kis are peddling, kindly send me an email - corperscorner@yahoo.com

Meet, Greet & Transact- Serious individuals only.