For those hoarding dollar . If you want to change your dollars for physical cash is 470 .If you bring 100 USD na 47k cash you go get or 750 by transfer.

Lol
This is good

ahiboilandgas:
For those hoarding dollar . If you want to change your dollars for physical cash is 470 .If you bring 100 USD na 47k cash you go get or 750 by transfer.

Ayam not understanding

Why is it this way? is it because of scarcity of the naira or what? :-

Difference of ₦320

Parachoko:
Ayam not understanding

Why is it this way? is it because of scarcity of the naira or what? :-

Difference of ₦320

yes. If you want cash na 450 to 470 you go get .If na transfer na 750 . All those crooks that hid dollars and want to exit undetected are facing huge losses . Some took huge loans from bank ,cbn etc and pull out all the funds to dollars with hope changing to Naira anything they need cash
.

ahiboilandgas:
yes. If you want cash na 450 to 470 you go get .If na transfer na 750 . All those crooks that hid dollars and want to exit undetected are facing huge losses . Some took huge loans from bank ,cbn etc and pull out all the funds to dollars with hope changing to Naira anything they need cash
.

How much do they sell Dollar there?

ahiboilandgas:
yes. If you want cash na 450 to 470 you go get .If na transfer na 750 . All those crooks that hid dollars and want to exit undetected are facing huge losses . Some took huge loans from bank ,cbn etc and pull out all the funds to dollars with hope changing to Naira anything they need cash
.

Okay!

E even good if some people get burnt

I know some people who do not need dollars but were buying it and keeping at home. They bought it when it was sold for 800+, they thought it will rise above 1k.

Nah them dey put unnecessary pressure on Naira.

ModCaller:


How much do they sell Dollar there?

cash (1000) 600 transfer 750

ahiboilandgas:
yes. If you want cash na 450 to 470 you go get .If na transfer na 750 . All those crooks that hid dollars and want to exit undetected are facing huge losses . Some took huge loans from bank ,cbn etc and pull out all the funds to dollars with hope changing to Naira anything they need cash
.

This your analysis no jive at all.

If I took naira loan from Bank and converted it to dollars, do I need naira cash to pay back the naira loan to the bank?

Economist Sodiq

And Naira is still not available

ahiboilandgas:
cash (1000) 600 transfer 750

You mean if I give them 600k cash they will give me 1000 dollars?

Saw that in the bank yesterday and was surprised

Ffl

bellyjean:


This your analysis no jive at all.

If I took naira loan from Bank and converted them to dollars, do I need naira cash to pay back the naira loan to the bank?

Economist Sodiq

them tell u say them wan pay back the unsecured cbn freebie loans . Busy body .

ahiboilandgas:
them tell u say them wan pay back the unsecured cbn freebie loans . Busy body .

Then tell me why they would want to sell USD for N470/$ in exchange for Naira cash if it is not for CBN loan repayment.


Help me understand your point Bossman

bellyjean:


Then tell me why they would want to sell USD for N470/$ in exchange for Naira cash if it is not for CBN loan repayment.


Help me understand your point Bossman

they operate outside the banking system ! For reason best know to them .If a retiring officer collect 10000 USD in election he will not want 7.5m wired to this poor account.he will have to collect 4.7m Naira new Naira cash or keep looking at the usd in the drawer.

Lie lie

I noticed a slight relaxation of commodity prices. Something of N600 just went for N550. Little money to spend means lesser sales or demand against fixed supply. Emefiele knows book o.

What about if I want to change my naira to Dollars, will it still be #470 per dollar because I'll give the cash

This bereau dechange people na bastard

Na lies!

If OP no wetin be dollars him no go cook this shit up...

I just call Aboki wey dey change for me, him tell me say na 748...

Nonsense!

Please post the black market price not the cbn official rate.Reality is totally different

ahiboilandgas:
they operate outside the banking system ! For reason best know to them .If a retiring officer collect 10000 USD in election he will not want 7.5m wired to this poor account.he will have to collect 4.7m Naira new Naira cash or keep looking at the usd in the drawer.

Why are you liking like this...

U know wetin be dollar..

Go wia Aboki dey change dollars and see as Dem go rush you with offers...


Anybody with dollars na God for Naija..

ahiboilandgas:
they operate outside the banking system ! For reason best know to them .If a retiring officer collect 10000 USD in election he will not want 7.5m wired to this poor account.he will have to collect 4.7m Naira new Naira cash or keep looking at the usd in the drawer.

LOL

Una go just wake up begin dey lie for nairaland after una don drink garri with expired milk and kuli-kuli.

LikeAking:
Na lies!

If OP no wetin be dollars him no go cook this shit up...

I just call Aboki wey dey change for me, him tell me say na 748...

Nonsense!

coconut head . Can't read or comprehend. Carry 100 USD and try get cash . Na 47k you go collect new Naira. 75k transfer.

Biggest lie 😂 🤣 😂 APC wants to use propogada start oh

Normal because Naira cash is scarce.

CBN IS USING NAIRA TO CONTROL DOLLAR RATE MANIPULATIONS BY BDCS And mop up dollars to build reserve.

Lie. I still sold for 740 less than an hour ago

KingMack:
Saw that in the bank yesterday and was surprised

You're mixing it up. What banks display is the official rate. So why the surprise?

you should have been crying because that's CBN official dollar rate which is 460 now and protected to still rise. black market is almost 800 now.

official bank rate moved from 450 to 460

ahiboilandgas:
yes. If you want cash na 450 to 470 you go get .If na transfer na 750 . All those crooks that hid dollars and want to exit undetected are facing huge losses . Some took huge loans from bank ,cbn etc and pull out all the funds to dollars with hope changing to Naira anything they need cash
.

wahala wahala wahala, thats to say no investment is sure in this country gain, not even forex

₦aira Rates
@naira_rates
·
4h
Automated
Fri March, 11:05:02 AM

💵 1 USD >>>>> ₦736.835
💷 1 GBP >>>>> ₦897.151
💶 1 EUR >>>>> ₦794.968

v1.0.6