₦airaland Forum

Slytiger:
This is why I am for regionalism, or some form of highly conservative, or even nationalist style of government by the regions.

Instead of others to hold their own governors, state assembly members, LGA chairma, and supervisors responsible, they instead move from less prosperous regions to more prosperous regions. Monkey dey work, baboon dey chop. When those prosperous regions protest for more good governance, these migrants from the other region mock them. SWesterners, please continue to protest and push for good governance.

References1:
https://thenationonlineng.net/just-in-two-policemen-beaten-to-death-two-injured-in-edo/?utm_source=&utm_medium=facebook&fbclid=IwAR1VSkgUSi0jk5vqjLknscqjb_LLW_JJ-puY-MzFXetVixscpA7Oh_jvkcM

HonNL:
His contract expires tomorrow


Pulse Sports Nigeria



SOURCE

thesicilian:
It's easy to give out what you didn't work hard for. Especially when you're about to die.

TundeEdnut35:
Don jazzy is not igbo he is of urhobo descent stopping capping Nonsense

blamingthedevil:
The dollar is crashing on Binance. From N1,900 to 1490.

Sell now or sell at N100/$. This is a financial advice.

https://twitter.com/KawuGarba/status/1761692029984104846

jeejo:
I understand that what I am about to explain will earn me insults from a selected few individuals because the same culprits are active here on Nairaland, so I am ready for that as well.

If you go to Binance P2P, there is a heavy manipulation going on there, and from my deductions, most of the big Binance P2P Merchants are united in carrying out this manipulation. Some of them even have over 2 Million dollars worth of USDT in their Binance P2P Funding which begs the question whether these people are truly Nigerians or probably foreigners making money from destroying the Nigerian economy.

Many people might not understand the strategy these merchants use, therefore, I will try to break it down.

This is how the manipulation works:

1. Lets assume that the Naira to Dollar is currently exchanging at the Parallel market for 1,500 Naira. On Binance P2P, the group of Merchants will create multiple fake ads claiming that they will buy your USDT for 1,700 Naira(way above the parallel market price). I call these ads "fake" because they will set a minimum limit above 5Million naira, which means if you want to sell your USDT to them at this exorbitant rate that they created, you must be selling a usdt value worth over 5Million Naira at once. This strategy works in filtering out majority of average Nigerians that want to sell their USDT to these Merchants. Meaning these fake ads will remain at the top of the p2p "sell" section for as long as these group of Merchants want it to remain. And if by chance someone who has enough USDT to meet the minimum limit decides to sell to these merchants, they will simply cancel the trade, and create another ad.

2. Now because these group of merchants have filled the P2P "sell" section with these fake ads claiming to buy your USDT at an exorbitant rate of 1,700 NGN, they have automatically shifted the P2P price of Naira to USD to 1,700 Naira, and now they will be selling their USDT to the public under the "buy" section above 1,700 Naira. Now - unlike the fake ads they created with a minimum limit that is above 5Million Naira to discourage sellers for selling to them at this high rate - when they are selling their USDT at this already manipulated price, you will find limit as low as 4,000 Naira because they want to sell to the Public at the exorbitant price they created.

Binance P2P is the new AbokiFx where BDC operators get their current price of Dollar from. The fake price originating from there is in turn used by the BDC operators to set their Dollar selling prices even without any corresponding demand. But the interesting part is that these BDC operators won't buy from you at any rate close to the exorbitant price they are selling the dollar to you.
Here in Benin city, even though the parallel market price of Naira is above 1,600 Naira, the Abokis hardly buy your dollar for above 1,500 Naira but they will sell to you only above 1,700 Naira.

Some people might argue that if Binance is to blame, how come the official exchange rate is now above 1,500NGN to 1 USD? The answer to that is simple. Each time the rate in the Parallel market moves up, the CBN is forced to also adjust official rates upwards in order to close the gap between both windows or else the black market rate will be too wide that it will create an irresistible opportunity for round-tripping.

There is a huge rot in the entire BDC system in Nigeria that I don't think this CBN governor has any idea how deep it really goes.


Update: It appears the Nairaland moderators in business section do not like this post because they banned my alternate Moniker for 4 days after making this post there.

muyico:
u mean it or skits?

officialwdhtv:
Moment coolers of food were recovered from a caterer at an event.

The caterer had claimed food had finished thereby leaving a lot of guests hungry.

#wetindeyhappentv


https://www.youtube.com/watch?v=LN35ELSdzTM

https://www.instagram.com/reel/C3fQ5nVPfBZ/?igsh=MXNpbzFyMWplZHhhag==

patriotic007:
Skit

Lumarstone:
It maybe a staged robbery! This guy is a street brought up in Lagos. He is capable of doing anything he could just to remain relevant in the mind topic of discussion of many Nigerians.

I left..!

matify83:
How does he make THIS money?

Mikespecialone:
Where all these guys dey see money self , from acting abi ?

Splashme:
Nigeria is laughable, I swear.

See NAFDAC approval boldly displayed on the bottle but it took the German food & drug agency to discover the fraud

Why did our own NAFDAC issue clearance to that poisonous drink in the first place?

Don't NAFDAC carry out random and routine check on our drugs?

Why is this country like this?
.

Islie:
https://dailytrust.com/man-knocked-down-while-escaping-with-womans-foodstuffs-in-fct/

Johnjustice:
Dollar problem bringing our nation to it's knees. We must remove dollar monopoly from our imports system, and sell our crude and gas in naira, this will strengthen naira.

Mynd44:
And they will still have to use ECOWAS ports, fly through Ecowas countries, depend on ecowas for every aspect of their economy including electricity and education.

Must be nice to live in such grand delusion

rebirthkennedy:
Their confederation will be stronger & more formidable than that of ECOWAS
Believe this

God1000:
I knew this would eventually happen, this is the result of ECOWAS failure to remove them

But I wonder how these landlocked countries will survive on their own without the rest of the regional block, some of them still depend heavily on their neighbors for so many things