₦airaland Forum

Hahaha 🤣🤣🤣🤣🤣🤣..... You think Common Sense easy to get? If so Ben Bruce no go dey pay TV ads to tell people to use Common Sense!

Lemos14:
Again shut up. That you badly want to support a failed government dosnt mean you should fully be bereft of of some basic common sense.

Hahaha 🤣🤣🤣🤣🤣 Aunt Remi is sharing Ankara fabrics. There's going to be nation wide owambe on May 29.....

Also collect your APC discount Cards powered by Bigkoko!

Only for Ronus and corn mulchers!

Hahaha 🤣🤣🤣🤣🤣 when a butterfly 🦋 thinks himself a bird 🐦 na bird 🐦 belly he end up!!!!

Who Sabi this one! You no Sabi hustle for your own appointment?

seunmsg:
The first appointment was obviously a mistake. We condemned it and called for an immediate reversal. Now, it has been done. That’s how it is.

No emotions. The company may be telling the truth. But they should hand over the suspect to the police. He will have his day in court to prove his innocence.

The police will look for evidence. The call log of the girl phone is there.

After that, maybe the police or any agency tasked with Occupational Safety might want to take another look at the work environment....

No be so UK dey do? Instead of these largely vseless civil service go do their work, the worl work they're paid for, they go just dey look like sheep!

No be who get work dey fit marry? First ask whether that old jobless nairaland resident get job first.... Hahaha 🤣🤣🤣. Abeg make una free Aunt Remi joor!

More fabric to prepare for Asiwaju audio owambe!

okeyley:
hope say Yarimo and Helinus wives follow because they cannot the standing on mandate here and their women no go benefit




Ebin pawa is real

It's only the extreme poor that can defend irresponsible leaders. Na Oluomo US trained son you want to defend Asiwaju when he's not eating at the top level?
Hahaha 🤣🤣🤣

PointZerom:
Check those hailing Tinubu here you'll discovere that all of them are poor.

Abeg make una leave Aunt Remi Ohhh.... No be she be Asiwaju and his ronu clan! Aunt, as a non Yoruba don't have much say in Aso Rock. She no get stamina like Aketi wife to meet them fire for fire.
The little she does should be appreciated! Na wife she be, she no kill person!

Hold Asiwaju and his horde responsible!

When people don't understand Capitalism they work like mumu.....

The moment you can not localize your economy you lose steam.

See how you build an economy. Use the Igbo Apprenticeship system.

Oga through ruggedity make it to the city and set up shop by hook or by crook.

Five years later, he thinks expansion, he goes local. Brings a boyi.

Two years later, he brings another.

Three years later, h brings yet another.
Total = 5 years. The first one is due t be set free. Oga ask him to set up shop in another district. Oga shop is not left idle because two other people are there to tend to business.

Oga goes abroad and brag about how big and strong he is with large expansion. He is trusted with more containers of goods.

The boyi who was settled with few money now has a new partner who can trust him with goods on credit too.....the cycle continues. Oga grows richer, boyi joins the big boys a d start balling too. Before you know, more than ten hitherto poor boys have been elevated from poverty to at least average living!

Igbos no get space for free cash in their system.

All through the training as a boyi, the boy will have just one trousers, one short, one slippers and one shoe! Oyibo calls this austerity measures!

Nigerians and their Gov will rather borrow than don in austerity measures!

The moment this clueless, incompetent Patch patch CBN gov was busted by Bloomberg for back door FX fixing, Naira started it's destined downward descent again!

What goy me laughing was extremely responsive, intelligent Central Bank officials in the West seeking to know the abracadabra patch patch did to make the worse performing currency to be among the top five, hahahaha 🤣🤣🤣🤣 they didn't look far enough before finding out that the nigga was blending mafiaso tactics through Efcc chairman and also, shoring up the market artificially!

Beside this, Patch patch CBN gov and Policy inconsistency na 5&6. Exactly what Total boss hinted on! No tact, no thorough think through, just wake up one morning, eat enough dose of 🌽 corn and cassava, then implement Bulablu Economic recovery policy that's at best foolish!

Na you revalidate them months ago with new requirements. Na you dey withdraw license...

See bruhnnn.... ronuism fit land you for Aso Rock, ronuism no go help you do the job!

myright:
CBN Withdraws All BDC Licenses, Gives 6 Months Deadline To Recapitalise With N2bn
MONEY & MARKETS
By Philip UKPE On May 22, 2024

The Central Bank of Nigeria has withdrawn all Bureau de Change licences as it orders forex traders to reapply for fresh permits.

The operators are expected to apply for either of the two categories- ‘Tier one’ or ‘Tier two’ with a minimum capital requirement of N2bn and N500m respectively.

According to the Central Bank, BDCs have six months from the date of the release of the guidelines to apply for the new license.

The bank revealed this in the final ‘Regulatory and Supervisory Guidelines For Bureau de Change Operations In Nigeria. ‘

The apex bank had released a draft guideline in February 2024 for stakeholder inputs.

Bragging rights on empty stomach..... Na achievement be this ohhh! If In doubt ask the oldest werey on nairaland, the one and only indefatigable skilleless old man

Hahaha 🤣🤣🤣🤣 even Asiwaju with all his looting of Lagos didn't set up a manufacturing company, and you think the lowest scum would!

Abeg allow those foreigners take over SW, when the time is right, na them go be out trading partners, since agberoism & ronuism no wan let them see road!

MEEVEET:
Difference is 99% of Anambra businesses are Igbo owned so profit and capital stays within the region

Same can't be said for Ogun and South West

Oya mention them make we hear and confirm. Audio hundreds.... Abi you mean to say hundreds are closing in Ogun without noise!

Una no go happy for una sef, if una see others wey dey happy for them selves and their people, jealousy, wickedness and envy no go let una rest!

Who do una this kind strong thing?

Toosure70:
While hundreds opening in ogun without noise.

One batard falls on the way to 2027 under extreme Ebi pawo, another batard is recruited!

Many mad pass you as early as Jan this year, but where them now?

VDM mad pass you as at three days ago, but now he dey prison!

If you use your time we'll, you no go beg food like other members of your family. Just a patriotic advice to you bruhn

But seriously why Reno no dey snap he Shoe again? All these Obidients sef.... Always tormenting Reno.

This Reno be like who really dry poor! For India, the bride family go even give the groom and him family gold, real gold! For East Africa, real marriage between children of respectable families na plenty, thorough breed cow dem dey use.....each of these cow.no dey less than 1m.

Like I always advise those who look up to me,.if you don't hustle hard, you will be like Reno

Not dish you bruhnnn....but hope your parents are not those who destroy the country and used the Commonwealth to secure their children, like that babe whose dad is a present gov?

Gerrard59:
The faces I'm seeing and the conditions I've read they go through aren't palatable. It has made me realise I'm really lucky in life so far. I'm very grateful and wouldn't misuse the luck.

Special thanks to my parents.

When you see them behaving like this, na sharing of loot dey cause am!

Continue destroying the country..... The children of Those who were previously called elites are now collecting wotowoto in the UK due to inflation.....

Continue...

It's absolutely going bad for the UK Economy.
Housing crisis.
Job crisis.
Migrants crisis.
Ukrainian crisis.
Now coupled with soon to join Education crisis..... Best any sane person stay away from UK for now!

2aces:
It's getting worse by the day, the present government must keep propaganda aside and employ capable hands to run the economy, if not hardship caused by inflation for the past one year will be like a childs play compared to what's coming.

The Nigerian Gov certainly contributed to this mess, couple with sky high migration from other Asian countries like India, Pakistan, etc
Jobs can no longer go round!
If Asiwaju is alive to his responsibility, and his is a perfect storm that can lead to Nigeria Economic recovery! But he's a dumb headed drug offender!

BabbanBura:
The issue is not about capable hands, the government itself is clueless and focusing on the wrong things. It is obvious that it is their own turn to plunder the country and not to fix it

Before blaming influencers, we should blame our government first!

A minor inflation won't cause significant harm, but a whopping 100% devaluation will certainly burn fingers!

UK schools needs those students more as most of them are already facing funding crisis, but they gat to stick with the laws made by another immigrant; Rishi Sunak!

Naira devaluation: Nigerian students at Teesside University forced to discontinue studies, return home!

The drastic devaluation of Nigeria’s currency and high inflation have significantly affected Nigerian students at Teesside University, forcing many to discontinue their studies and leave the UK due to their inability to pay tuition fees on time.
Despite the students’ pleas and efforts to negotiate payment plans, the university enforced strict visa compliance rules, leading to the students’ accounts being frozen and their visas revoked, as non-payment breaches the conditions of their visa sponsorship.
The affected students reported severe emotional distress and inadequate support from the university, despite the institution’s claim of offering individualized assistance and flexible payment options.
The drastic devaluation of Nigeria’s currency has affected the ability of Nigerian students at Teesside University in the United Kingdom to pay their tuition fees on time.

They have now been forced to discontinue their studies and leave the UK.

Some of these students, devastated by the situation, told the BBC that they felt driven to despair by what they saw as the university’s insensitive handling of their payment difficulties.


Nairametrics
Home Markets Currencies
Naira devaluation: Nigerian students at Teesside University forced to discontinue studies, return home
Ngozi Ekugo by Ngozi Ekugo 19 seconds ago
Teesside University , UK
Story Highlights
The drastic devaluation of Nigeria’s currency and high inflation have significantly affected Nigerian students at Teesside University, forcing many to discontinue their studies and leave the UK due to their inability to pay tuition fees on time.
Despite the students’ pleas and efforts to negotiate payment plans, the university enforced strict visa compliance rules, leading to the students’ accounts being frozen and their visas revoked, as non-payment breaches the conditions of their visa sponsorship.
The affected students reported severe emotional distress and inadequate support from the university, despite the institution’s claim of offering individualized assistance and flexible payment options.
The drastic devaluation of Nigeria’s currency has affected the ability of Nigerian students at Teesside University in the United Kingdom to pay their tuition fees on time.

They have now been forced to discontinue their studies and leave the UK.

Some of these students, devastated by the situation, told the BBC that they felt driven to despair by what they saw as the university’s insensitive handling of their payment difficulties.


According to a university spokesperson, non-payment breached the conditions of their visa sponsorship, leaving the university with “no choice” but to inform the Home Office.

The Home Office however clarified that decisions regarding visa sponsorship are the responsibility of the educational institution.

High inflation in Nigeria
The economic downturn in Nigeria, described as the worst in decades, has hit hard, affecting Nigerian students abroad, particularly at some UK universities.

With inflation nearing 30%, and recent government attempts to introduce a new currency exacerbating the situation, the students’ pre-verified funds to cover tuition and living expenses dwindled significantly.

Additionally, changes at the university from a seven-installment tuition fee payment plan to three installments compounded the students’ financial troubles.

Directive to leave the UK.

Before this, he had been commuting from Teesside to Liverpool every weekend to work 18 hours in an effort to clear his outstanding fees.

“As of now I have paid £14,000 and have a balance of £14,000,” he explained.

Salubi expressed his willingness to negotiate a payment plan, stating, “I am willing to come to an agreement as to how I will make this payment, but I need guarantees that I will be re-enrolled into school and my visa restored.”

Several students have managed to settle their outstanding fees; however, Teesside University has been unable to influence the Home Office’s process regarding their visa status.

No right of appeal
The Home Office informed students, including Ms. Ibrahim, that their permission to stay in the UK was revoked because they were no longer enrolled at the university.

According to letters reviewed by the BBC, these students were given a specific departure date and were told that they had no “right of appeal or administrative review against the decision.”

What the university is saying
A university spokesman stated that while Teesside University values its diverse international student body, it must adhere to strict visa issuance and compliance regulations that support the UK’s immigration system and are beyond the university’s control.

The university acknowledged the financial difficulties some students are facing and has offered tailored payment plans, which many international students have accepted. Nonetheless, according to them, some have still failed to meet the requirements of these revised plans.

The Home Office has maintained that decisions regarding visa sponsorship are the responsibility of the educational institution and advises individuals whose visas have been shortened or cancelled to either regularize their stay or arrange to leave the UK.

Culled from work delivered by Ngozi Ekugo

Reminds me so much of how Ebrahim Raisi was bragging how he will decimate Israel..... hahahaha 🤣🤣🤣🤣🤣 na body bag, identified by his rig naim Dem take carry am go Tabriz go throw way!

Teen fintech Copper had to abruptly discontinue its banking, debit products

By Mary Ann Azevedo

Another fintech startup, and its customers, has been gravely impacted by the implosion of banking-as-a-service startup Synapse.

Copper Banking, a digital banking service aimed at teens, notified its customers on May 12 that it would be discontinuing bank deposit accounts and debit cards on May 13. In a letter to customers, CEO and co-founder Eddie Behringer said the company had learned the previous week that the banking middleware provider they used, Synapse, was sunsetting its service “imminently.”

“Despite our prior planning, this event has forced us to close banking accounts much sooner than expected,” he wrote.

Synapse filed for Chapter 11 reorganization bankruptcy on April 22 with plans to sell its assets to TabaPay for $9.7 million. But that sale fell through and last week a United States Trustee filed an emergency motion asking the judge to convert to a Chapter 7 liquidation bankruptcy.

The discontinuation of Copper Banking’s bank accounts and debit cards means that some Copper customers do not have access to their funds. Behringer says that it is working with its banking partners, AMG National Trust Bank and Synapse, to return money to customers as soon as possible.

Behringer said that as soon as it heard the news that the TabaPay deal was in jeopardy it began returning customer funds, so only a small, single-digit percentage of its customers did not receive their funds before the service was shut down.

Copper now has plans to offer a white-labeled family banking product later this year in partnership with “large banks across America,” which Behringer told TechCrunch in an interview he could not yet name. The company had been planning to move in that direction over the past year, he added, but the process was accelerated due to Synapse’s demise.


Copper remains operational, providing its direct-to-consumer financial education product, Earn, to customers, according to Behringer. Earn pays teens credits to play games, take surveys, scan receipts and refer friends; once users hit a certain threshold of credits, they are paid cash for them (500 credits for $5), it says. The goal is to teach kids about finance. It earns money through that by partnering with other institutions.

That product, he said, launched just under one year ago and has seen 160% year-over-year revenue growth. It has since provided the “majority” of Copper’s revenue as the company makes money through partnerships with brands that want feedback on their products. The 30-person company remains intact, Behringer said, and is still hiring.

He claims that because Earn’s growth is so strong, Copper is still “on track to near profitability this year” and, in addition to the cash it raised from its VC fundraising, has “well over four years of runway.”

In April, 2022, Copper raised $29 million in a Series A funding round led by Fiat Ventures. It has raised a total of $42.3 million since its 2019 inception. Other backers include Panoramic Ventures, Insight Partners and Invesco Private Capital. At the time, the company had said it made its revenue primarily from interchange fees.

AMG National Trust Bank and Synapse could not be reached for comment at the time of publication. Apparently, Copper’s customers may not be alone. At an emergency hearing last week, as reported by Forbes, a U.S. bankruptcy court judge described Synapse’s troubles as “a situation where tens of millions of people do not have access to potentially hundreds of millions of dollars of their deposits.”

And Fintech Business Weekly’s Jason Mikula reported after Friday’s bankruptcy hearing, “Numerous end users of fintechs that have had their ability to access their funds frozen shared the devastating impact it has had on their lives with the court and the hundreds of attendees dialed in to the hearing.”

Copper’s problems might be another example in a trend of consumer fintechs shifting to B2B. Earlier this year, TechCrunch reported that Miami-based Onyx Private, a Y Combinator-backed digital bank that provided banking and investment services for high-earning millennials and Gen Zers, had also terminated its consumer bank operations. It said at the time it would be shifting to a “B2B white-label platform-as-a-service model for community banks, regional banks, and credit unions” that want to launch digital apps built for young affluent consumers.

Are you talking of a young, skilful And energetic zonb or a wrinkled, old, unskilled, jobless zonb.... No vex I wan check who this your gbagbos fit him profile! Hahaha 🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣....

Laugh wan Make me Asiwaju... imagine a jobless nairaland resident feeling important like a decaying zonb!

Nnnaaa.....

Sultanofpiglets:
JUST IMAGINE A ZONB FEELING IMPORTANT..

When Asiwaju was sanctioned for drug related offense, no body said Asiwaju, the current president of Nigeria is disgracing Nigeria or Nigerians because anyone, like Asiwaju is responsible for their actions.

Asiwaju sanctions for drug Offense in US didn't stop over 3 million+ Nigeria from visiting the US ever since, including yours sincerely!

Anyway, expect irresponsible comments from those who voted Buhari twice back to back and Asiwaju! They are capable of behavioral skills of a domestic donkey!

Are these hoodlums different from Asiwaju who is a confirmed drug offender? Maw una try dey reason like who go school small! Make tribalism no finish una one day!

Tufiakwaaaa this kind people!

seunmsg:
It’s so unfortunate the way some of these folks keep giving Nigeria a bad name all over the world. They are the ones responsible for the visa ban imposed on Nigeria by UAE. They are still the ones mocking Mr. President and people like Abike Dabiri for running around to fix the mess they created between Nigeria and UAE.

Now, they are about creating more diplomatic problem between Nigeria and South Africa as a result of their insatiable appetite for criminality. If SA takes a general diplomatic action against Nigerians, they will be the first set of people to blame the president.

Sadly, there is no elder in that side of the country to call them to order. Peter Obi that is always doing Cho Cho Cho in every single national issue will pretend not to see this news. They all directly or indirectly support criminality in as much as it brings money.

You don't waste your time with people whose IQ is lower than a domestic donkey!!!!

Response to someone who voted Buhari twice back to back and a drug offender; Asiwaju is not worth the grind! No matter how hard you try to educate them, like half-past four eyes, they will always see East instead of West!

You are simply giving him credibility!

jmoore:
You and 9ja police operate on same level of intelligence.

Those hoodlums were not armed with guns, that's why southafrican police who are obviously more intelligent than 9ja police chose to use rubber bullets to arrest the hoodlums.

If 9ja police use bomb to arrest them, they will prosecute dead bodies.

By their comments you Shall know them.... Suffering and smiling, hoping everyone hitherto used to good, quality life will just accept the fate foist in them through bad choices of largely incompetent, irresponsible voting! Tufiakwaaaa in Greek!

Ogbeye and amusu offia put together in one!

helinues:


No new bad news to celebrate on, na pettiness remain.

Chai , again, government no dey put for masses's table. Blaming others for one's misfortunes is just unseriousness

Don't be surprised some nairaland residents will still fight, abuse others for her when papi draft her for house of representatives... haha 🤣🤣🤣🤣🤣, especially that old, jobless cargo on nairaland!

You read the response or you think type wetin enter your head.

Mention just one wey Nigeria no dey wrong? Na Nigeria Air, abi na fake German, Indian, Dannish investment!

We no dey cover bad things!

anonymous1759:
This people only believe in conspiracy theories when it involves their people if it was the other way round they’ll take sides with other party to spite their Nigeria

So much from someone sitting down some where tutors spend more time on strike than on classes, and still has the impudence to say someone is not travelled....

Not everyone you see on nairaland is in a shit hole, like you probably may be! How many Western Carriers you don enter?

arithletics:
Developed countries take safety very serious truly. He's probably not traveled before