Lavor234:

With this move say bye Bye to fintech venture capitalists.

Fintechs have brought in over 700 million dollars to the Nigerian economy.
Dem no go rest till we become Sudan.at this rate Togo is better than Nigeria.

Exactly this APC government is hell bent on chasing all the investments and innovations that have any glimmer of moving the country forward

At this pace only God knows what state this country will be by 2031 when bulaba will leave power 🤦‍♂️

The MFB's should sue.

Mosdiii:
Good one from the government.

How is that good ?

Darkandhandsom:
Foolish people..
When Jonathan was president did it affect naira?
Everything they are looking for who to blame.
Thunder fire una

APC and blame game... Without producing with naira, naira will die a natural death. My happiness be say all those idiots shouting on your prickkk we go stand, no dey get er$ction again

Loans create debt and it keeps the economy running because ITS A DEBT- BASED economy

The problem is the created loans isn't matched with creation of local goods so the new money created steals value from the old money already existing making the price of good in the market rise

No!


The price of goods in the market did not rise. It's just the value of money that dropped

https://www.nairaland.com/8069458/wealth-series-pt-2-nigeria

HITdemUP:
Anything to strengthen the Naira is welcome

Anything is nothing. All these APC people sef 🤦🏿‍♂️🤦🏿‍♂️

tspun:
From 950 to 1350 within 1 week
Some people are really behind this dollar crisis
So people really don't want to see Nigeria work

So during GEJ there was no enemy of Nigeria??
The very first day the news of “depleted reserves” broke out Naira started falling, that only show what they were doing to bring it down.
Or maybe you saying Tinubu cannot fight enemies of dollars

Bad belle people

SmartyPants:


There was crypto in Jonathan's time?

Yes

Aw on idiot I get account for both opay moniepoint kuda already... Not a fan of digital banking but for now they are life savers bank networks are dead... Plus are all banks not crooks robbing peter to pay Paul... All these restriction won't stop the naira from depreciating to 2000 naira before July... Awon idiots cardoso should take his time... If he wants to live long like his mum... Fix the God damn export and imcrease infrastructural development... Fix the so called education a system... We are not suppose to be going to school unproductive... Idiot people and USA asslickers... Cryptocurrency and dollar hoarding is not the fault of digital banking...

HITdemUP:
Anything to strengthen the Naira is welcome

Binance is not the problem again?

Dozis:
Chasing shadows.
Someone should tell Tinubu and Cardoso to leave Crypto a d it's traders alone.
You're not exporting anything and importing everything, yet you want the naira to magically appreciate.

Ah, they make it look like they don't trade crypto in other countries, any country serious about it's economy should see crypto as bonus

Hezzyluv:
That's the handywork of commercial banks.
They're just jealous of these digital microfinace banks. Personally, the Opay.

Access Bank is the most jealous of them all

Dozis:
Chasing shadows.
Someone should tell Tinubu and Cardoso to leave Crypto a d it's traders alone.
You're not exporting anything and importing everything, yet you want the naira to magically appreciate.

they are not exporting anything? So Saudi Arabia is not exporting anything too ? So oil is not anything abi ?

What is Ghana and Benin republic exporting that thier currencies are better?

Darkandhandsom:
Foolish people..
When Jonathan was president did it affect naira?
Everything they are looking for who to blame.
Thunder fire una

See dirty mouth like "when Jona was President"

Darkandhandsom:
Foolish people..
When Jonathan was president did it affect naira?
Everything they are looking for who to blame.
Thunder fire una

Dont mind typical of the APC govt

Darkandhandsom:
Foolish people..
When Jonathan was president did it affect naira?
Everything they are looking for who to blame.
Thunder fire una

Dont mind them typical of the APC govt

Momo is rejoicing at the moment.....

bemeruca:


Yes

There was a crypto industry in Nigeria in Jonathan's time when even the west hadn't yet undersood crypto? Wow. Theee must be so many Nigerian bitcoin millionaires then...as early holders of the coin. Can you name any?

My question is, did all these things just started when tinubu assume office or what? Because before this new government, it was not as bad as it is right now

SmartyPants:


There was a crypto industry in Nigeria in Jonathan's time when even the west hadn't yet undersood crypto? Wow. Theee must be so many Nigerian bitcoin millionaires then...as early holders of the coin. Can you name any?

crypto was created in 2009. you asked a question, my answer was correct

SmartyPants:


There was crypto in Jonathan's time?

bemeruca:


crypto was created in 2009. you asked a question, my answer was correct

And irrelevant. I wasn't asking when crypto was invented. I was asking whether it was a relevant issue to Nigeria under Jonathan. I think the context makes that clear.

Maturity is when you know some post are thrash and intentionally choose to remain silent. Comrades! May we keep this post on silence till it deafens the CBN.

SmartyPants:


And irrelevant. I wasn't asking when crypto was invented. I was asking whether it was a relevant issue to Nigeria under Jonathan. I think the context makes that clear.

Very Relevant to the question you asked
next time ask the right question to get the right answer.

Innosonp:
Good move naira must get value by force

You are importing every single thing you use in your country and you export nothing, and you want your economy and currency to grow? Keep joking. The government better face the real issue and fix it instead of misguided chase of crypto exchanges and Fintech banks. The truth is, those crypto boys will always find a way to carry out their business. Nigeria should do what US did with crypto after many years of fighting it with no success. They found a way to tax crypto asset holders. So while the crypto guys are making money, the government is making money from them by the way of taxing , win win situation. Some countries in Africa like have seen this already and they are ridding on the wing of crypto to develope their economy.

Dozis:
Chasing shadows.
Someone should tell Tinubu and Cardoso to leave Crypto a d it's traders alone.
You're not exporting anything and importing everything, yet you want the naira to magically appreciate.

Globetroter:

You are importing every single thing you use in your country and you export nothing, and you want your economy and currency to grow? Keep joking. The government better face the real issue and fix it instead of misguided chase of crypto exchanges and Fintech banks. The truth is, those crypto boys will always find a way to carry out their business. Nigeria should do what US did with crypto after many years of fighting it with no success. They found a way to tax crypto asset holders. So while the crypto guys are making money, the government is making money from them by the way of taxing , win win situation. Some countries in Africa like have seen this already and they are ridding on the wing of crypto to develope their economy.

Some African countries don't export but import.Yet,their currency exchange never depreciated.Had Tinubu not floated the Naira,there won't be inflation and Naira devaluation.Wherr Una get Una economic jargons from sef??

xjiggy:
I don't know about them being used for crypto or money laundry but I just have a natural dislike for digital banks operating in Nigeria

and our conversational banks no dey help matters, they're much more interested in deducting #100, #50 from customers account every seconds money enters and left rather than providing good network services.

martineverest:
Make una run remove una money from those Banks

no we are not removing our money , we shall not yield to your fake panic

fergie001:


SOURCE

My own issue is that wen u send money to someone the money is not always complete..
Ex u send 2000 the receiver will get 1980 not complete

Darkandhandsom:
Foolish people..
When Jonathan was president did it affect naira?
Everything they are looking for who to blame.
Thunder fire una

Old glory keep quiet 🤫

Fullfledged:


There's no fraud anywhere. All those trying to pull Opay down will fail woefully. They are just jealous and afraid of Opay with the high rate at which they are growing.
Something tells me these commercial banks have bribed that Cardoso to halt the high rate at which people are opening account with Opay. This ban will not last. Opay has come to stay whether they like it or not..

Amen... Every sane person knows this is the work of commercial banks

unbiased2021:


When you’re a Benue politician ? I didn’t expect you to be brainy anyway

Benue and Kogi 😂😂