BOMANY:


It is true, i got it 167


the worse still ahead, the government is heavily over spending which puts so much pressures on Naira and at the end it will collapse, and the only the average people will suffer. Is this the change we had been hoping?

Lawalmd:

162 as at thursday

sequencel:

Us dollar is 166 dated 18th July

jodeci:

Buying or selling the dollar?

I think it is buying from the mallam, the dollar came down small but still the margin between the bank price and the parallel market price so high, more than 15 naira  which means the CBN is encouraging the black market. when the market price was around 154 - 156 naira, the demand in the CBN auction WADS was around 150 - 250 million USD, now the demand is over 700 million USD. There are many ways for corrupting the system, taking the dollar from CBN and sell it in the black market, anyone can get fake visa and fake airticket, costs 25k, and go to his bank collecting 4000$ and sell it in the black market with 40k Naira profit. Those CBN people either they are idiots, aliens or they are doing it purposely

BOMANY:

I think it is buying from the mallam, the dollar came down small but still the margin between the bank price and the parallel market price so high, more than 15 naira  which means the CBN is encouraging the black market. when the market price was around 154 - 156 naira, the demand in the CBN auction WADS was around 150 - 250 million USD, now the demand is over 700 million USD. There are many ways for corrupting the system, taking the dollar from CBN and sell it in the black market, anyone can get fake visa and fake airticket, costs 25k, and go to his bank collecting 4000$ and sell it in the black market with 40k Naira profit. Those CBN people either they are idiots, aliens or they are doing it purposely

Fhemmmy:


I am so sure the CBN knows what they are doing and i will not be surprised to know that some of the $$ peddlers on the street have their insiders or have direct connection with the banks
It is all a game

BOMANY:

Exactly, sometimes one wonders if there is any type of control or good governance of our parastatals or everyone behaves as if it is his own property

blink182:

I bought dollar in delta state yesterday for 163, it has really gone up.

Fhemmmy:

That has come down, if you have to think about the fact that it has been 167 in the last few days

blink182:

Yes o make the thing do reverse come back totally.

As for those of you that do not know, if you want to travel to obodo oyibo no need to go buy dollars, simply open a gtb savings account get your naira mastercard and move ahead, if you put the card for atm machine for europe, e go vomit euro if na america e go vomit dollars. So no shaking at all, there is always a way.

stagger:

Used my Payoneer Mastercard on GTB's ATM, and I was paid at the rate of N148 per $. I was so peeved. Nigerian banks are a bunch of robbers.

Fhemmmy:

The thing really tire me oh

stagger:

Used my Payoneer Mastercard on GTB's ATM, and I was paid at the rate of N148 per $. I was so peeved. Nigerian banks are a bunch of robbers.

blink182:

It was an artificial scarcity, when I said I was still buying 153, one mumu here was insulting me. If you can boycott the abokis life will be alot easier, those people feed on our ignorance.

I suspect what happened was failure of the cbn to disburse to tier A exchangers on time and it became a feeding frenzy while it lasted.

Fhemmmy:

Thanks for sharing this

blink182:

Thanks mate

Fhemmmy:

Nigeria is the only nation that seems to come up with some useless ideas on how they thing they could curb money laundering . . . .
How could they prevent people from being to walk into the bank and just buy $$?
Why would i have to go thru some people on the street to buy $$?
What a nation we have

blink182:

The funny thing is that the people they originally made this law to affect have found other ways to go about their business of laundering. Forex exchanging is big business and honestly its out of CBN's reach to stop them.

Nigeria is one cesspool and if you're ignorant, you will think that is how it is everywhere.

Fhemmmy:

That is how dumb the leadership of nigeria thinks.
In Canada and America, i walk into the bank and buy the currency that i need and move on, as long as i can give my information, that is all.
But Nigeria will sell money to some bunch of boys and those boys will now go to the street and start selling, how do you prevent the fake money being sold to innocent people/
How do meet someone and buy like 100,000$$ without being cheated?

What a Nation

support4u:

where or how can I get this payoneer master card??