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Binance Drops Naira From P2P Portal - Business (6) - Nairaland

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Re: Binance Drops Naira From P2P Portal by SkyFi: 8:59pm On Feb 28
mekuscato:

please drop your number for me let me call you to direct me well on how to do it
Or mail me here:
olu2014bunmi at g male dot come

1 Like

Re: Binance Drops Naira From P2P Portal by okerekingsley90: 9:09pm On Feb 28
VeryWickedMan:
OP Naira is still there. Search well.
It's just been rebranded to Shege (SHG).

Abeg try de get sense abeg 😅🤣
Re: Binance Drops Naira From P2P Portal by gabicon: 9:11pm On Feb 28
ivolt:

Who did the imaginary $28 billion exchange?
Did they buy dollar from banks , BDC or the CBN?

https://www.google.com/amp/s/punchng.com/over-26bn-funnelled-through-binance-without-trace-cbn-gov/%3famp

1 Like 1 Share

Re: Binance Drops Naira From P2P Portal by phemray(m): 9:13pm On Feb 28
omron:
Chai. I am going to relocate to another country. I will leave nigeria for Una. TINUBU Tinubu GOD PASS YOU THIS IS WHAT SOME UNEMPLOYED NIGERIAN YOUTHS DO TO SURVIVE NOW U BANNED IT WE WIL PRAY TO ALMIGHTY GOD TO FIGHT OUR CAUSE. REMEMBER WHAT HAPPENED TO ABACHA GOD FOUGHT FOR US


Hummm, maybe it will be returned after naira stability if they think it's part of the solution.
Re: Binance Drops Naira From P2P Portal by mekuscato: 9:15pm On Feb 28
SkyFi:

Or mail me here:
olu2014bunmi@gmail.com
sent
Re: Binance Drops Naira From P2P Portal by ivolt: 9:19pm On Feb 28
gabicon:


https://www.google.com/amp/s/punchng.com/over-26bn-funnelled-through-binance-without-trace-cbn-gov/%3famp
The link did not answer the most important question.
Did Nigerians buy the alleged $28 billion dollar from CBN or Banks and then took it to Binance?
Or did they buy crypto with Naira worth $28 billion dollar.
Or did the majority of the "missing" $28 billion originate from abroad or locally.

Since the news didn't specify, I suppose the detail is not in CBN's favor.

2 Likes

Re: Binance Drops Naira From P2P Portal by KushLyon(m): 9:20pm On Feb 28
Feldie:
Binance is not a legit source of income. Any profit you make from crypto trading is tantamount to printing money as you didn't bring anything of value to the society. Govt cannot ban it though. Politicians earn money without doing anything of value so why can't the average citizen?

I blog on a platform where I get paid in cryptocurrency which I then trade on binance to get the naira equivalent, so that's not a legit source of income?

6 Likes

Re: Binance Drops Naira From P2P Portal by Freebills12: 9:21pm On Feb 28
[color=#000099][/color]
Feldie:
at this point, everything is illegal in this country. Market women have become full blown criminals as well.

Senior man!
You won't kill me with laughter.
Re: Binance Drops Naira From P2P Portal by Tempulated(m): 9:24pm On Feb 28
abiolamitodun:

What u don't know is that Nigeria is gradually switching to a producing country...
More reason why food stuff price is inflated is because the rate at which food is been exported out of Nigeria has increased alot...the remnants is what we are trying to get at high rate...by the time Nigeria starts exporting crude oil fully...it's over...it's left to the government to prioritize trading in naira...
And u know what that means?

Lol keep dreaminggrin

Deluded beings
Re: Binance Drops Naira From P2P Portal by Tempulated(m): 9:27pm On Feb 28
Tristical:
Sometimes the way we think and talk in this country I'm just amazed
All because a man comes from your tribe you support everything he does even if he's clearly wrong.

They said 26B passed through binance without trace who has that kind of money if not politicians
It's sad we support those who oppress us just because they come from our tribes.

Binance is not the problem it's our structure of leadership and governance
Soon they will start blaming Fintech companies like grey and geegpay all because they don't want to blame their own policies yet we keep supporting them.

The truth is with the kind of debt we owe as a nation and the fact that we are a consuming nation it will be almost impossible for the naira to improve.
A time will come when it will be obvious binance has nothing to do with the naira and they will say it's something else and the unwise tribalistic people in our midst will still support them.
Wake up Nigerians politicians don't care about you even if you're from the same tribe...

Tribalism is what they preach to distract us from coming together and becoming a formidable force.
How come all the tribes are represented in government and they get along so well they even have dinner and smile even if they are from different tribes.
But they keep preaching tribalism to you to win you to their side.
Wake up Nigerians....

Lol unfortunately you are talking to log woodsgrin
Re: Binance Drops Naira From P2P Portal by Tempulated(m): 9:31pm On Feb 28
PepeXKermit:
Before them say na abokifx, after them say na marketers, later them say na mallam, let me see what they will say now after this event. You cann9t grab power by force and think that the goodwill of the people will follow you. I have not seen any country that power was gtabbed by force by one set of people and the country does well or the people in power enjoy the good will of the people

The Next are IMPORTERSgrin

They will ban the importation of all goods into the country.

1 Like 1 Share

Re: Binance Drops Naira From P2P Portal by Bludo: 9:37pm On Feb 28
There is a way out to trade naira on binance. The solution is to choose another fiat e.g usd agree on a particular exchange rate, send the naira equivalent to the person and the crypto will be released.

4 Likes 1 Share

Re: Binance Drops Naira From P2P Portal by Feldie: 9:40pm On Feb 28
KushLyon:


I blog on a platform where I get paid in cryptocurrency which I then trade on binance to get the naira equivalent, so that's not a legit source of income?
you should be receiving your dollars through bank so it adds to your country's FX. You don't add anything to the society but take from it when you eat things that were imported with the dollars that was gotten from export of things your fellow men laboured for. So yes, it's not legit because you're shortchanging and bypassing the financial system

2 Likes

Re: Binance Drops Naira From P2P Portal by Johnn87: 9:42pm On Feb 28
abiolamitodun:

What u don't know is that Nigeria is gradually switching to a producing country...
More reason why food stuff price is inflated is because the rate at which food is been exported out of Nigeria has increased alot...the remnants is what we are trying to get at high rate...by the time Nigeria starts exporting crude oil fully...it's over...it's left to the government to prioritize trading in naira...
And u know what that means?
KEEP ON DREAMING.
I DARE YOU TO QUOTE ME AGAIN WHENEVER THE EXCHANGE RATE APPRECIATES TO 700/800 NAIRA THAT TINUBULATION MET IT LESS THAN 7MONTHS AGO.
I WILL BODLY QUOTE YOU BEFORE DECEMBER 2025 WHEN THE NAIRA DEPRECIATES TO 2500/3000 NAIRA SURE BANKER BEFORE TINUBU TENURE COMPLETE.
Re: Binance Drops Naira From P2P Portal by BBIA: 9:47pm On Feb 28
VeryWickedMan:
OP Naira is still there. Search well.
It's just been rebranded to Shege (SHG).
You be idiot grin



in fact you be fool grin




I have never laughed hard like am right now in a long while grin
Re: Binance Drops Naira From P2P Portal by Bfly: 9:51pm On Feb 28
Fg should look out for another platform. Average Nigeria is wild and untamed.
Re: Binance Drops Naira From P2P Portal by Orinechi: 9:57pm On Feb 28
Mrbenny001:
This politicians want to destroy legit source of income for Nigeria in attempt to save their drowning and incompetent political carriers
Take a look at what u wrote and pls do something about ur grammar.
Re: Binance Drops Naira From P2P Portal by sexuential: 10:00pm On Feb 28
nlfpmod:


https://gazettengr.com/binance-disables-p2p-function-amid-clampdown-from-nigerian-authorities/

Fact check: False
Re: Binance Drops Naira From P2P Portal by KushLyon(m): 10:08pm On Feb 28
Feldie:
you should be receiving your dollars through bank so it adds to your country's FX. You don't add anything to the society but take from it when you eat things that were imported with the dollars that was gotten from export of things your fellow men laboured for. So yes, it's not legit because you're shortchanging and bypassing the financial system

I add value to the society through the articles I publish, I mean I won't even get paid if I don't bring any value to the blogging platform and the people who read my articles. Speaking of receiving dollars through bank, am I supposed to sell the cryptocurrency to the bank? I get paid in cryptocurrency which I can only convert to USDT and exchange to naira. Do Nigerian banks accept cryptocurrency? So I should stop writing for the platform because I'm not receiving dollars through Nigerian banks, whose fault is that?

3 Likes

Re: Binance Drops Naira From P2P Portal by Truthshotcrazy: 10:13pm On Feb 28
abiolamitodun:

What u don't know is that Nigeria is gradually switching to a producing country...
More reason why food stuff price is inflated is because the rate at which food is been exported out of Nigeria has increased alot...the remnants is what we are trying to get at high rate... by the time Nigeria starts exporting crude oil fully...it's over. .it's left to the government to prioritize trading in naira...
And u know what that means?

Lol Dangote refinery has total capacity greater than all 3 national /government refineries combined.
But sorry to burst your bubble.
Fuel will still not sell cheaper for less than 600naira per litre like pre may 2023 times when Tinubu assumed office .
Even Dangote projected to produce enough to meet local demand Nd still have excess surplus refined crude products to export fully, Dangote Must buy crude from federal government/Nnpc AT INTERNATIONAL PRICES per dollar per barrel. Crude won't still be cheaper. Dangote will still need to import crude oil 🛢️ from USA to meet capacity quota & keep up.

And at this fuel rate, effective since may 2023 or so when Tinubu came & announced subsidy over and fuel jumped to over 600 overnight , we all saw how transport increased, cost of running business increased, cost of fuel generator to power business increase with attendant inflation nd increase in prices of goods and services nationwide. Its not expected to come down anytime soon.


[url].https://businessday.ng/editorial/article/will-the-price-of-petrol-fall-as-dangote-refinery-begins-operations/ [/url]

https://www.nairaland.com/7991276/dangote-refinery-crude-import-us





Nigeria cannot successfully switch to producing country if the insecurity issue and erratic power supply issue is not redressed fully.

Abroad , more than 10years they don't take light.
If light is even constant, cost of buying fuel to run generators to power businesses will go down a bit and more people will be encouraged to go into production .
Nigeria is not ready to have that discussion yet.

🛑 Nigeria cannot successfully switch to a fully producing nation if insecurity is not 🚫 redressed .
Nigeria 2nd largest rice 🌾 farmer recently closed due to rampant kidnapping of farm workers and insecurity

[url] https://www.bbc.com/news/world-africa-65728764 [/url]

1 Share

Re: Binance Drops Naira From P2P Portal by Uzzycares(m): 10:13pm On Feb 28
9jatriot:
Hope the lamba king is learning how to be a purposeful leader. It is not by shouting "if you add the number of cows in China and divide it by the number of goats in Japan, then you will have consumption to production"

Even as a husband and a father, you get to make very difficult decisions that people in the home may not understand or agree with at that time but when the rewards show up, they may even be the ones that enjoy the rewards the most.

That is leadership. You identify the threats and start dealing with them. You can accuse the CBN of trial and error or whatever but what you cannot accuse them of is sitting back and letting things deteriorate.


However, those with financial knowledge agree that CBN is taking a series of decisions that compliment each other, it iis only when you look at them in isolation that it looks like it they do not know what they are doing.

CBN says 26B passed through Binance in the last one year and somehow did not enter the banking system, the CBN cannot seat back and accept defeat. I am proud of them



You are talking trash.

Who banned crypto in Nigeria? If those knuckleheads who think they are smart did not touch crypto, and allowed Nigeria banks to receive usdt will the economy not have benefited from crypto?
Re: Binance Drops Naira From P2P Portal by integrity16(m): 10:21pm On Feb 28
PepeXKermit:


na crypto projects no dey render services too? stop talking what you do not know.

What service does crypto projects render?
Re: Binance Drops Naira From P2P Portal by Af0nja: 10:32pm On Feb 28
mekuscato:
please someone should help me, I have 744 USDT in Binance, I want to redeem my money and the only thing I know in Binance is p2p.. please which other way can I use to redeem my money since P2P is no longer working

Transfer it to kucoin and trade for naira, but there's actually no need to panic.

You can also use it and fund an online dollar prepaid card and then convert to naira at 1600/$
Re: Binance Drops Naira From P2P Portal by Truthshotcrazy: 10:35pm On Feb 28

Nigeria cannot successfully switch to producing country if the insecurity issue and erratic power supply issue is not redressed fully
.
[url]https://www.premiumtimesng.com/news/top-news/663636-cattle-destroy-35000-hectares-of-rice-farm-in-enugu-officials.html [/url]

The other day, it was the farmer whose farm shares a fence with federal government college Abuja , who was kkidnapped.
If their cattle are not wreaking havoc, fulninherdsmen and kidnappers are terrorising and making farms unsafe for farmers. Over 350 farmers kidnapped or killed so far and counting. ....
Nothing is working in Nigeria. Farmers cannot farm in peace, from Osun, Ogun west to north to east to south.

This is how to be producing nation.

Re: Binance Drops Naira From P2P Portal by Mrbenny001: 10:36pm On Feb 28
Orinechi:
Take a look at what u wrote and pls do something about ur grammar.
u can type it on AI to put it gramatically right for u..
Re: Binance Drops Naira From P2P Portal by darediamond(m): 10:44pm On Feb 28
Whether Tinubu likes it or not, THE NORTH WILL TAKE OVER FROM HIM VIA BLOODY COUP VERY VERY SOON!!

1 Like 2 Shares

Re: Binance Drops Naira From P2P Portal by Badadvisor: 10:48pm On Feb 28
Oluwademilade:
P2P is working on other exchanges
Their rates can never be like binance sadly.
This one pain me die
Re: Binance Drops Naira From P2P Portal by darediamond(m): 10:50pm On Feb 28
Feldie:
you should be receiving your dollars through bank so it adds to your country's FX. You don't add anything to the society but take from it when you eat things that were imported with the dollars that was gotten from export of things your fellow men laboured for. So yes, it's not legit because you're shortchanging and bypassing the financial system
And what value is Nigeria Government adding to the citizens for us to "add value" to an Established mockery of a good standard of living Delibrately created by the Private Families group which in other words is called "government"?

Can you answer?

3 Likes 1 Share

Re: Binance Drops Naira From P2P Portal by darediamond(m): 10:52pm On Feb 28
Johnn87:

KEEP ON DREAMING.
I DARE YOU TO QUOTE ME AGAIN WHENEVER THE EXCHANGE RATE APPRECIATES TO 700/800 NAIRA THAT TINUBULATION MET IT LESS THAN 7MONTHS AGO.
I WILL BODLY QUOTE YOU BEFORE DECEMBER 2025 WHEN THE NAIRA DEPRECIATES TO 2500/3000 NAIRA SURE BANKER BEFORE TINUBU TENURE COMPLETE.
3 what?

You know nothing!

Naira is gonna be at, at least, #5000 in December.

Wetin Bulaba know?

2 Likes 2 Shares

Re: Binance Drops Naira From P2P Portal by PepeXKermit: 11:03pm On Feb 28
integrity16:


What service does crypto projects render?

I will not be the one that will help you with that. go and research about it and come back to discuss with me.
Re: Binance Drops Naira From P2P Portal by Badadvisor: 11:34pm On Feb 28
mekuscato:
please someone should help me, I have 744 USDT in Binance, I want to redeem my money and the only thing I know in Binance is p2p.. please which other way can I use to redeem my money since P2P is no longer working
Fiat. Then you withdraw to your Nigeria account.
But the rate will be lower.
Just send to another exchanger like bybit or kucoin and sell with p2p

2 Likes

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