₦airaland Forum

themanderon:
It will surely reduce the pressure on forex. This is the reason Russia was able to stay very much above water despite the Western sanctions. They started selling their oil which is a necessary commodity to the Europeans in the Russian rouble making the rouble to appreciate against the dollar as Europeans scrambled for it to buy their oil.
Even the Afghanistan Afghani rose against the dollar because a similar measure was adopted to save their currency.

Your analogy is wrong
Russia is a productive nation, most of the things used in Russia are manufactured in Russia. What is their importation level compared to export? A country that has attained the level of developing her nuclear facility is no small nation. Brics is not a magic association to transform a nation that is not productive. To be very honest, joining brics will worsen things for a poor & struggling nation like Nigeria. So long we are running an import based economy, nothing is reducing pressure on forex!

Smh
Always to do, soon to do, will soon do etc
These are the type of statements we will be hearing from this government & 8 years will pass. Where is the dangote refinery they promised to start working by June 2023? Where is the porthacourt refinery they promised to start working by February? I pity anyone still believing anything coming from these people. They will string Nigerians along till their 8 years elapse

hpymoment:
The first coin I bought when I learned about crypto was sent to trust wallet and till now, I can’t access the coins anymore since I can’t find the paraphrase anymore.

I have been trying to get verified on Bybit since days now but I can’t. All my coins in binance are locked and they’re earning me something back, can I get a wallet that I can benefit from as a hodler?

It depend on how long u are holding the coins
If u intend to hold for long, that is matter of years, get another trust wallet & keep the phrase safely. But if it is just for a short period of time, leave it on binance. When it attains profit, u sell off.

BannedUser:
you'd be surprised that some people don't even know how to deposit and withdraw crypto assets, because everything they know about crypto is just using Binance to buy shitcoins and Binance p2p.

You are very correct at bold
I do see a lot of funny questions these days

Because of the binance issue, a lot of persons might be sending usdt this period. If u are sending usdt, make sure u are sending to corresponding network address. Do not send erc20 to trc20 address, your money will be lost forever. Ensure receiving address corresponds with network.

ibizgirl:
Oga pass if you don't want to answer. I sent to kucoin about 4 hrs ago, the money did not drop.

If u are sending usdt to any wallet, make sure u are sending on same network address, so as not to lose your funds. Hope the funds are still in your binance account?

Starboytwo:
With the rate I'm going, I go buy motor this year.

Thank you guys. I appreciate everyone of you.

Sure u will

Hmm
These people will soon blame YouTube & Facebook for naira fall

SenecaTheYonger:
The Naira has not even left 1k5 since they camped down on Binance. Why do you guys lie so much?

Lie so much about what??
What was the naira before floating??
Let's see the magic that will happen

SenecaTheYonger:
It serves you guys right. You had a little bit of control over the exchange rate so you kept increasing it by 99naira everyday just to make small profit. At the expense of 199 million Nigerians.

USDT is not scarce. I’ve never in my life heard of scarcity of USDT. So why did the price keep increasing?

You use Naira to buy USDT. You can never use dollar to buy USDT in Nigeria.

Both Naira and USDT are not scarce, so why the outrageous increase everyday?

Let's see the magic that will happen
If naira will revert back to 700 after this
You guys don't want to face the truth, but keep chasing shadows.

okeke6969:
"My names are" started with all this alleged miracle performing churches when is time for testimony.

Funny but very true
I only see people saying my names are when giving testimony

amazingspiderma:
They are working hard to make it look like it is not a Labor Party(LP) achievement. But Nigerians can now see the difference.

Exactly
This is the only state won by labour & it has been in the news for good ever since this Otti guy took over. The type of leaders we elect do really make a huge difference.

Iamicekid:
Nyanya is nassarawa boss, a lot of places people tag as Abuja is not Abuja if not that the road in Abuja is good that’s why unna dey use kilometers mention am se it’s not far but in reality it actually is

Nyanya is under AMAC abuja, stop saying what u don't know

Krankhead:
Shut your mouth and speak Good of your country for.once. can the USA house summon him and he dare failed not to show up.... you people just speak evil.of Nigeria all the time. While foreigners in western world speaks good of hard working Nigerians abroad. Reset your brain

Please learn to compare reasonably next time.
You should compare Nigeria with the likes of Togo, Niger & other West Africa countries, not a country like USA. Do u think if a country like Togo or Niger invite binance CEO, he will show up? There in lie your answer

If u want to compare us with USA, do so with every other thing like, power supply, security, unemployment, corruption etc. Don't pick one aspect and start comparing us, things don't work that way...

Jokers!
Binance should be careful about how they deal with our leaders, these people are only looking for means to collect money from binance for their selfish interest, not for the good of the nation. It's best binance ingnore them

Britishcoins:
That is how I bought my first car last 2 weeks ago, Toyota pencil light 2.5m although very clean and nothing much to fix people here was telling me how they cheated me, since ordinary motorcycle is now 1.7m, why should I not buy car 2.5?

Anyway if they like let them sell car 50m I will still buy my dream cars, just let us focus more abt the source of the money... Good things always comes during the hard times..

MY joy will be complete the day my landlord will sell that my shop to me..

Keke is now btw 2.7m to 3m

meolaniyi:
Are car dealers selling at all ? With these prices

Lol
I was just discussing this with my friend few days back, business must be really slow for them this period. Car is now very expensive & fuel to drive it is also now very expensive

Why so much noise about this guy's wedding?

Pifebhor:
Good evening everyone, please how can I see the purchase price I bought a coin on Binance.

I bought some coins since 2021 Like SHIB but right now I can't see the cost price I bought it and to know if I am in profit.

Please I really need anyone's assistance.

How much did u invest & what is your binance balance? 2021 was the year most coins did their all time high. Most people who bought coins in 2021 bought during the bullrun, u are likely not to be in profit yet

emkz:
If you do have a functional brain, you won't be nudged to keep repeating that you have a brain. I mean, it's like we have legs and we have to keep telling people that we have legs. I can't engage in that level of peddling low self-esteem with you.

It is clear that you have no clue how these things work in international arbitration and even if I keep explaining it to you, you'd only respond with insults because your brain does not have the capacity to argue intelligently beyond insults.

I leave you to your limitations and immaturity. But to help you, go into prostitution. You'd be shocked to realize the level of information an average prostitute can give you to help your life.

Still complete nonsense!
Binance is present Ghana, why are they not manipulating the Ghana cedis? Your party has plunged this nation into serious hardship & u moronns still come online to spew trash, instead of holding your govt accountable.

waveman2:
You keep saying thoughtless policies,years of corruption,have there been corruption in Nigeria since the time of obasanjo how come the dollar never nose dived the way it did during the buhari/tinubu regime.I am not saying these doesn't affect the nose diving of the naira against the dollar but currently we have manipulators.Have you heard of the word pump and dump on the internet.Go learn.

Shut up your trap & go read!
You guys are too empty upstairs!
Do you know how much dollars have been borrowed since your party took over in 2015 till now which cannot be accounted for?? All these borrowing & looting plunged our nation into serious debt by your party! Our crude oil export has been queued up to pay debt for money your party borrowed & unable to account for! The nation reserve is almost zero, who is to be blamed?? Your govt sold the word manipulators to u guys to cover up the mistakes they have made. Binance is in Ghana, why are they not manipulating Ghana cedis? Think with your head!

emkz:
They can be taken to an International Court of Arbitration or taken to the local courts where the company is registered.

They can also be reported to the United States SEC and if it is proved that they used the dollars in trade manipulation, the US SEC can impose even heavier fines.

If they refuse to pay, regulators can raid their bank accounts and seize the funds if a judge gives the order.

A country imposing fines on a company is serious.

When Nigeria had issues with Shell and ENI over OPL 245 or so, Italian prosecutors raided ENI offices.

You can hate Nigeria all you want, but never underestimate the reach of Nigeria when it comes to enforcing certain things.

Have you ever wondered how Nigeria caught Nnamdi Kanu from exile?

You wrote absolute nonsense!
You think binance don't have the right lawyers? You don't like Nigeria more than me, we are only different because I still have my brain & won't defend any failure of a govt. The worst Nigeria govt can do is to block them, which they have already done. So long binance do not continue operations in Nigeria, I tell u your govt can't do shit!

Great0ne1:
You are a complete idiot . So you were hiding under the rocks, when tinubu was sharing dollars during apc primary election and election campaign ? Binance has been banned and from what am hearing, the p2p has been stopped as well. But guess what ? Naira has resumed its free fall. Who knows who will be blamed next by the fools you have as government.

Don't mind them
They didn't know the effect was piling, now we are seeing the results, they are blaming binance. All throughout the elections period, all politicians were disbursing dollars, these fools didn't know the politicians were ruining the value of naira. The clueless govt will soon come for Facebook & YouTube to be responsible for naira fall

waveman2:
If binance was allowed in the US the dollar would have been rubbished in that country.Just compare what Bitcoin is trading to a dollar,there is so much manipulation.They are here to kill most of the world currencies but nigeria didn't realize it on time till it got bad.

What of those countries that allowed binance, why haven't their currencies turned to rubbish? Binance has been in Ghana for how long, why is their currency not falling? You people lack brain, reason govt easily fool & manipulate u people. USA case with binance got nothing to with affecting their currency. Thoughtless policies, years of corruption, excess naira printing & no production is what is affecting your currency. All the big exchanges in the world like coinbase are domiciled in the US, why is the US dollar not affected? Alot of u youths are brainless in this country. Mind you, bitcoinn does not trade with dollar, but any currency u choose to rate it with! You people are empty upatairs, this currency issue just made me realize this

fuckJones:
Between me and youwho has no brain? why did USA stop binance operation since 2019?

You keep exposing your stupidity further!
What brings USA into this??
You said your NSA is waiting for the names of binance users? After your govt has already blocked binance? You are very dumb! You think binance is NNPC? Your head is empty

fuckJones:
Now that the NSA has requested for the list of all the Nigerian users on Binance; heads would roll and cut across! May every saboteur and enemy of Nigeria be pull down on their knees🙏

Who be this?? Lol
You don't have brain I swear!
You think binance is registered under CAC & operates from Nigeria? Your govt has already done their worse which is to block them, they have nothing more on binance

pman06:
Rate is gradually going back up again with binance already cut off o, let's see who's going to be blamed when it's high again.

They started with bdc guys, now binance, let's see who they will blame next. Maybe YouTube or Facebook. Bunch of failures smh

Elliotwaveforec:
Who gives a fuckkkk about party politics? Is everything about politics? No be only 30k, na 30m!

Olodo, go and read about trading and stop disgracing yourself!

Ignoramus,

Babypips.com will help you.

Babypips my foot!
People are trading cedis & rands on binance, why are they not falling? This job u are doing for your pay masters is too dirty for 30k, at least charge them higher. Your life is worth less than that of a fowl. How low can a human get? After making thoughtless policies & ruining the economy, they paid u 30k to come post nonsense here, u really carry your worthless self dey post jargons...shameless thing

doyin01:
Oh you can go ahead to spoil the currency of others as long as it is not naira ?? In other words you agree that you are a criminal but you think you are better because your crime is not against naira but it is against other currencies ?? Just listen to yourself animal

If those countries reason the way your nonsense government reason , they will have banned idiot*s like you from forex trading , they will have closed all your forex brokers etc..hypocrite..

God is punishing you already. That is why you have no source of income..

That is how criminal minded they are!
Trading other nations currency, but don't want anyone to trade yours...u can imagine such level of criminality. Yet the foreign currency is still growing stronger

Elliotwaveforec:
Why should their currencies fall when they do not have stupid and unpatriotic citizens like you people on this thread! Their citizens don't trade against their currencies like you morons do on P2P market manipulating your own currency.

Aren't you people mentally deranged to trade against your currency?

You clearly stated u are a forex trader & u trade in their currencies, we didn't ask u, so why is the foreign currencies not falling? We all know no foreigner is trading against the naira, but u & them are trading against their currency, why is their currency not falling? You have sold your brain for how much? 30k? How long will the money last? Everything u are doing now, your children will suffer for it in the future. But they the leaders have already secured the future of their children. I hope they invited u to go with them to Qatar? Because the president son was on the list, was your name on the list? Worthless thing of a human..

Elliotwaveforec:
Your mother is an idiot!

I trade Forex but not against my country's currency. If you want to trade, trade foreign currency. I don't need USDT to trade Forex; I deposit and withdraw not storing yeye USDT before I do my speculating.

So those countries you are trading against their currency, why are their currencies not falling like our naira?

To become a professional in any field, u are made to write series of exams, but it is unfortunate someone that will rule over 200 million people is not subjected to any form of brain testing, reason we have failed criminals piloting the affairs of this nation. Nigeria don't even come close among the countries trading cryptto, go to redit & see how much working countries are trading on cryptto yet their currencies are doing well.

Few weeks ago your govt made mentioned of finding ways to raise $10 billion dollars to support the naira, instead of racking their brains on how to generate this money, they quickly sue binance $10 billion? The money they can't raise as a nation, they want only one man to pay them & u expect such a nation to grow? There is no hope for this nation...

So the $10 billion they were hoping to raise, they want only binance to pay it?