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Is UBA Not Affected By The Forex Scarcity? - Business - Nairaland

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Is UBA Not Affected By The Forex Scarcity? by YoungExec: 11:08pm On Dec 31, 2015
I just got a mail from UBA

http://campaign.r20.constantcontact.com/render?ca=c8a31770-88e2-4fd2-9e6a-c21c018a2716&c=fced5270-e32a-11e3-aff2-d4ae5292b9a6&ch=fdfec270-e32a-11e3-b06f-d4ae5292b9a6

While other banks are restricting or outrightly blocking their Naira Cards from working abroad, UBA seems to be telling me to increase my business with them.
I've already decided on my 2016 Forex plans via my offshore account since CBN wants to kill our businesses.

Now UBA is sending me this. Abeg o... My better informed bosses, please share your wisdom, it seems UBA is a super bank?

Addendum...
Zenith had sent me this earlier today:

http://www.zenithbank.com/images/REDUCTIONDD.jpg
Re: Is UBA Not Affected By The Forex Scarcity? by agabaI23(m): 11:16pm On Dec 31, 2015
Why are you sending us link?
Are you a fraudster?

Myn44 and lalasticlala may be you should have a look at this guy

1 Like

Re: Is UBA Not Affected By The Forex Scarcity? by Nobody: 11:24pm On Dec 31, 2015
Not all banks are restricting cards..

Gtbank
UBA
Fidelity
Access

These 4 banks are going to work perfectly in 2016
Re: Is UBA Not Affected By The Forex Scarcity? by Nobody: 11:25pm On Dec 31, 2015
agabaI23:
Why are you sending us link?
Are you a fraudster?

Myn44 and lalasticlala may be you should have a look at this guy

Click the link before asking silly questions or calling one names

I clicked the link it's the web version of the mail.

1 Like

Re: Is UBA Not Affected By The Forex Scarcity? by agabaI23(m): 11:28pm On Dec 31, 2015
Strahovski:


Click the link before asking silly questions or calling one names

I clicked the link it's the web version of the mail.
Firstly, I did not call anybody any names. Did I? I asked "Are you a fraudster" That was a question.

Now, why will I click on a link when he can paste the content here?
Re: Is UBA Not Affected By The Forex Scarcity? by YoungExec: 11:37pm On Dec 31, 2015
Strahovski:
Not all banks are restricting cards..

Gtbank
UBA
Fidelity
Access

These 4 banks are going to work perfectly in 2016

GT is already putting me through $1000 per month on their Naira MasterCard. Though my Dorm card is limitless, the funding part is the wahala. Very soon my business will start trade by batter or 'goods swap' with my foreign partners grin
Re: Is UBA Not Affected By The Forex Scarcity? by Nobody: 11:39pm On Dec 31, 2015
YoungExec:


GT is already putting me through $1000 per month on their Naira MasterCard. Though my Dorm card is limitless, the funding part is the wahala. Very soon my business will start trade by batter or 'goods swap' with my foreign partners grin

Yes it's $1000 per month but at least you can still make petty payments not being banned completely.

As for dorm account funding. That's easy. I make use of my dollar card not even naira. How do I fund?
Re: Is UBA Not Affected By The Forex Scarcity? by YoungExec: 11:45pm On Dec 31, 2015
Strahovski:


How do I fund?

Do tell. Please. Last time I funded mine, I had to open Gt Dorm because my Forex source wanted to do GT to GT transfer. But the rate ain't no where near CBN 199. Very very far from it.

The rate was so high I had to start seeking alternatives.
Re: Is UBA Not Affected By The Forex Scarcity? by solid3(m): 1:48am On Jan 01, 2016
YoungExec:


Do tell. Please. Last time I funded mine, I had to open Gt Dorm because my Forex source wanted to do GT to GT transfer. But the rate ain't no where near CBN 199. Very very far from it.

The rate was so high I had to start seeking alternatives.

Which alternative did u get at the end of the day?
Re: Is UBA Not Affected By The Forex Scarcity? by YoungExec: 11:41am On Jan 01, 2016
solid3:


Which alternative did u get at the end of the day?

So far, I've queued up behind a manufacturer. We now have a symbiotic relationship. My company has pegged the cost our our services to him while he adds our Forex needs to his official forex requirement. Which is funded by CBN.
It's not the best though, as we are loosing money from him as a client but at least it keeps us in business for our other clients.

At least, Nigeria cannot afford for his company to fail. He is a local manufacturer employing thousands so he gets priority for his forex needs.

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