₦airaland Forum

Go and use Crypto ...thank me later

AMADU77:
Hello

Can i send money to outside Nigeria using Western Union, MoneyGram

Thanks

Was he not supposed to clear the sources of the ambush? Or what were we paying him and his troops to do? To be appreciated without working?

gistsmill04:
https://www.google.com/amp/s/punchng.com/nigerians-unappreciative-of-military-efforts-to-contain-insurgency-buratai/%3famp=1

This one just went to model Arsenal jersey carnal man!

gospelkonnect:
The Restoration Apostle (Prof.) Johnson Suleman Officially Opens The Prayer Mountain "Mount Carmel" At The International Worship Centre Of Omega Fire Ministries.

Luke 6:12
And It Came To Pass In Those Days, That HE Went Out Into A Mountain To Pray, And Continued All Night In Prayer To God.

Mount Carmel Is A Place Where People Can Visit For Individual Prayer. A Sheltered Place Where Weary Laborers Could Come For Rest And Refreshing (Matthew 11:28)
But Primarily, A Place To Fellowship With The Holy Spirit Through Guided Prayers.
#GospelKonnect

If this is not photoshop, I wonder what we would call it

post=99441454:
Wow!

What a transformation!!

Believe in what you do and do what you believe in
This picture below do more justice to Luiz body transformation.

Our darling OP.
You can add this our researched image @[color=#006600][/color] to your thread sir.

#WeDidOurPart

From pot belly to six pack........ Gbefun!

We all know those fintech platforms always announce bogus amounts as their turnover just to attract investors now see where they've placed everybody now? We just can't keep quiet in this country shaaa.

What the CBN should understand is that the Naira does not leave our shores and neither does one require to convert the Naira value to dollars before transacting on Crypto sites. Naira is a fiat currency for those converting from crypto local currency. They should rather be happy it doesn't affect the external reserves but know they are looking at the remittance inflows into the country. You can't force the diaspora into sending inflows.

I agree though that if not regulated, it could lead to inflow of illicit funds but then it can be tracked through our financial institutions. Crypto exchanges have not gone into the 'over the counter' cash-out mode yet for them to be afraid of.

Least they can also do is allow the payouts to the crypto sites and restrict inflows to only dollars

AnonPoet:
Why Nigeria BANNED Bitcoin - What you Should Know


https://www.youtube.com/watch?v=5KYJo7clwyQ

In this video, I discuss CBN’s (Central Bank of Nigeria’s) decision to ban cryptocurrency. In February of 2021, the CBN issued a letter stating that banks are prohibited from transactions with companies that deal In cryptocurrency. This has led to massive devastation and huge losses for businesses. This is my summary of the situation and my recommendations. What are your thoughts?

The First CBN Letter in 2017

The first circular on Cryptocurrency by the CBN was a letter in 2017 which they referred to cryptocurrency as Virtual Currencies. The concern of the CBN was that Crypto is untraceable, anonymous and hence can be used by criminals to launder money and finance terrorism.

The SEC Notes on CryptoCurrency

The SEC, which is the Security and Exchange Commission in Nigeria whose main duty is to regulate investments and securities in Nigeria called cryptocurrency an asset. A digital asset.

The “Ban” of Crypto Currency in 2021

All of that brings us to today, where the CBN issued a letter in February of 2021 that dealing in Bitcoin or any cryptocurrency for that matter by banks is prohibited or in other words, it’s been banned forbidden.
More “details” also came out about how the FBI tipped the CBN that some Nigerians were using bitcoin to target stimulus packages from the US and the west in bitcoin, this was on the front page of ThisDay Newspaper.

The Numbers

According to a Quartz article, Nigeria, in the last 5 years, Nigeria has traded over 60,000 bitcoin or 566 million dollars which is second only to the US on Paxful.

Not just that though, there was a report by Stears that Nigeria traded as high as $200 million dollars in Bitcoin per month aka over 95 billion Naira way more than the Nigerian Stock Exchange did in the span of 3 months in the 2nd quarter of 2020. That is crazy! The BuyCoins CEO on Medium stated that in Nigeria they traded more than $141 million dollars in 2020 alone, that’s over 67 billion Naira, similarly, BitSika on Twitter posted that they also transacted over $39 million dollars of which Nigerians deposited $18 million dollars, that’s a total of almost $200 million dollars in a year and that’s just 2 companies.

Why did the CBN Ban Crypto?

The CBN is most likely worried about 2 things, one is Fraud. Nigeria is kind of infamous for the word 419, there’s the case of the “yahoo boys”. The other is the reason which would have made CBN ban Bitcoin is the strain on foreign exchange. The CBN has been making a lot of moves to help the Naira and stop more US dollars from leaving Nigeria. So last year, they banned the use of dollars for food and fertilizer imports, they reduced the spending limit on many many Naira cards, I think the limit is like $100 per month

The Result So far (How we are Affected)

Immediately after that announcement was made, cryptocurrency companies like Quidax, BuyCoins, Binance, Patricia and the likes have issued similar statements. They mostly mentioned that now you cannot fund your account with Naira anymore. What this simply means is that Nigerians cannot buy Bitcoin with their Naira, which cuts off cryptocurrency exchange platforms so you would only have to trade with someone you know who already has bitcoin one on one.

Solution: Way Forward

Speaking of solutions. Going back to the roots of trading bitcoin by P2P or Peer to Peer trading with individuals on platforms that power it. Right now on almost all these platforms, you are able to send and receive bitcoin into your wallet so you’re covered. One major platform that works is Paxful. Also, If you’re a freelancer who mainly receives foreign exchange, or you still want to keep trading bitcoin and/or just want to secure your finances, work on creating a Domiciliary account in Nigeria.

What are your thoughts about what’s going on? Would you say the CBN was right by doing this? Could they have done something better? Just let me know what your thoughts are in the comments.

Mistake number 1

dre11:




https://www.google.com/amp/s/www.thisdaylive.com/index.php/2021/02/26/efcc-malami-tackles-sagay-says-hes-confused/amp/

Shouldn't they let this man rest peacefully ni? Or must they involve him in their shenanigans?

FutureDecisions:
Senate Chief Whip, Kalu in Closed Door Meeting with IBB in Minna (Happening Now) | #IgbereTV



https://igberetvnews.com/1383617/senate-chief-whip-kalu-closed-door-meeting-ibb-minna-happening-now/

Good so articulate your points in support of your reasoning don't just say 'you are very wrong'!

Rubbiish:
You are very wrong!

Cowries you mentioned then was the major currency (the only one in use) and requires no Fiat currency to back it up. Without Fiat currency, how do you trade or take out your profit from the system? How do you convert it for use outside the system?

Take for example during the Endsars protests when donations were in cryptocurrency, without a fiat currency (NGN) there would've been no way for the handlers to access the much needed cash. With the CBN regulation ....many traders and prospective ones were stranded save for the P2P mode of exchange which many prospects are still weary of using. No matter what ...you need FIAT Currency backing for Cryptocurrency to make an impact.

12inchess:
You don't need Fiat currency to back up any means of exchange. What you need is demand. There was a time when cowries was used as a means of exchange. What Fiat currency was backing that? As long as the means of exchange has value to majority of people, then it's viable.

No lies in this and we all saw how its use fueled the endsars protest ...that was when I knew the CBN would definitely clamp down on it especially with 2023 elections around the corner. All those saying governments can shutdown cryptocurrencies now see clearly that without FIAT currency backing up cryptocurrencies, its as good as 'useless' in everyday use, but hey what do we know #WeMove!

TheRareGem1:
https://www.channelstv.com/2021/02/23/bitcoins-price-tumbles-after-us-regulator-says-it-can-be-used-for-illicit-purposes/

Perfect opportunity for the twins to reconcile but no ...they're forming what I don't know!

Priscy01:
Lola Omotayo-Okoye wife of singer Peter Okoye has has buried her father, Oladipo Omotayo, Igbere TV reports.

Her husband shared photos and videos from the burial on his Instagram on Thursday.



https://www.instagram.com/p/CLtg28oFhiL/?igshid=1ghe9hjh1tgud

Mr Omotayo died on December 16.

Lola broke the news on Instagram saying, ““In the early hours of this morning, I received some very sad news that brought my family’s world to a grinding halt.

“My darling Papa’s passing has hit us all very hard, and while we know that he is in a better place, the truth is that there is no easy way to handle the grief that comes with the loss of a loved one.”


https://www.youtube.com/watch?v=0ubQYjAVENM

Abi oooo

pepperdemzombie:
They will soon tag you a hater and broke ass commenting on rich people.

People really believed he owned the aircraft? That's a leased aircraft and they come with their crew as part of the lease contract.

Too much shalaye

jarawa:
https://dailytrust.com/untold-story-of-nigeria-niger-republic-rail-line

You're undergoing a stressful time. Try and calm down and things would be better

fablouzLeged:
Pls I am 22 years of age a student but my damage hair is making me reluctant to even meet my Friends I am alway in face cap

It started in July 2020 when I decided to start bathing cold showers in the morning everyday and each time I enter the shower I always put my hair directly I will use brush and scrub my head hair because of dandruff I don't know that I was harming my hair I was doing that until one day my sister tell me am loosing my hair as I checked the mirror I was shocked and we are about to resume to school for that reason I started buying different oil ,and plenty hair products but no result



In early 2020 I have my thicker hair until July 2020 this thing Happen

I shave my hair but the back hair always grow fast and thicker


Pls help me I finished all my savings in buying hair products just to see quicker result but no its even started affecting my concentration in school I Always hide from my Friend s

My fellow nairalders please if you have any recommendation on how to revert my hair please help

I support this. The attack is from tiny white flies which lay their eggs behind the leaves and when the larvae hatches, it crawls around the leaves curling and destroying them. If you can, use detergent organic spray and wash them off the leaves to kill them.

I suffered same loss during the lockdown when I tried planting scent leaves ...they first came out fine and later on the attack destroyed them. I would advise you burn off everything and use the ash to till the soil before replanting. It might help to kill off any white fly larvae or eggs in the soil.

zirrah:
Get some ash and apply generously on the leaves.

All of these makes no sense until the banks increase their transaction limits for MasterCard Naira

Ravon:
https://brandspurng.com/2021/02/18/nigeria-exits-recession-real-gdp-rose-by-0-11-in-q4-and-1-92-in-fy-2020/

Barter by Flutterwave which allows you to create virtual dollar cards to use

customised87:
Please Barterwave same as flutter wave? Cos I googled barterwave and it’s flutterwave that is popping up.
Kindly give me the link to barterwave

Na today? As if hin nor sa I say dem go molest the protesters



[quote author=oshozondii post=99053237]https://twitter.com/LagosPoliceng/status/1360897514099064832?s=19[/quote]

Bad guys love Windows

Baba rocking a Cartier or Raymond Weils

bolaayenimo:
https://www.independent.ng/ambode-revalidates-apc-membership/

Una nor de fit stay house without AC naaaaa. Even toilet and kitchen de get AC all switched on because of heavy make up layers

But we all knew NIN is the superior of all, wondered why it took them so long to realize. BVN serves its purpose and cannot be replaced easily

ijustdey:
Aside from BVN, there are other key data systems in Nigeria....



https://dailytrust.com/explainer-real-reasons-fg-is-replacing-bvn-others-with-nin

Anything to try to canvas votes shaaa this one will just wake up

Kwanza:
https://www.pmnewsnigeria.com/2021/02/06/atiku-appeals-to-buhari-dont-shut-down-cryptocurrency-business/

So what happens to previous ones they display on the Gram? No one cares to ask?

viralmaged:

https://www.youtube.com/watch?v=AMXWfX5xK_g





In Another Series of Instagram Post she posted:

https://www.instagram.com/p/CK6kZZ4hwiB/?utm_source=ig_web_copy_link

Source: https://www.instagram.com/p/CK6wDHLheTr/?utm_source=ig_web_copy_link

This Stears people are one of those gingering CBN on this thing sha ...they've been publishing things upandan shei dem don win we go rest now

lalasticlala:
https://mobile.twitter.com/StearsBusiness/status/1357753704783478785

Fulanis are basically nomads and roam. They too are scared of the Boko Haram folks and so they tend to migrate South where unfortunately they're attacked and likened to Boko Haram.

What we need is serious enlightenment amongst the populace. We all need to know we are not enemies.

SeriouslySense:
Its necessary, just look at fulanis activity, compared to boko haram.

Izzzzz did one well at all?

lalasticlala:
https://www.channelstv.com/2021/02/03/insecurity-allow-nigerians-carry-licenced-guns-ishaku-tells-fg/

Gbaaaaaaaam!

seborrhic:
Eventually they will extend it till the end of the year,then gradually don't mention anything about their being a deadline,but only insist that anyone getting a new SIM or replacing one must provide a NIN.

Another nuisance created by the politicians


[quote author=onthehill post=98644783]It’s Not Altogether A Bad Thing For The North To Secede From Nigeria - Adamu Garba

Former Presidential aspirant, Adamu Garba says with all that the North has going for it, it will not be a bad thing for the region to secede from Nigeria, IgbereTV reports.

In a post shared on his Twitter handle, Adamu listed the benefits the Northern region has over other regions. According to him, if the North secedes from Nigeria today, many regions in Nigeria will suffer. He added that no single person is afraid of a breakup of the country.

He pointed out that the ''hatred'' towards the Fulanis and everything North can be the greatest undoing of the secessionist groups once the North pulls out of ''the Union called Nigeria''.

Read his post below.


https://twitter.com/adamugarba/status/1355895842872438784?s=19[/quote]