₦airaland Forum

Farmers are really tormenting Nigerian in urban areas! If you reside in a rural area with land, and Fulani terrorists aren't disturbing you, and you're complaining about expensive garri, you're very lazy.

owunabastard:
In this case what you are suggesting is that Nigeria government should totally ban crypto currency trading

Gbam! If you want to speculate, go get a Forex broker or you want to spot-trade, use the Nigerian Stock Exchange.

23-4-2024

1. Official:

2. Black

EFCC operatives should register with bybit, bitget, and other exchanges used by these P2P saboteurs and attempt to buy USDT; then get the bank details of the saboteurs, then their BVNs, freeze the accounts, arrest and prosecute them.

EFCC operatives should just go to tho platforms and register; after registering, they should attempt to buy USDT, from there, they get the account info of the idiots manipulating the Naira; get their BVN and freeze all their accounts, then go ahead and prosecute them.

Crypto P2P saboteurs, Una go collect!



The Chairman of the Economic and Financial Crimes Commission, EFCC, Ola Olukoyede, on Tuesday, said the Commission has discovered another worse scheme other than crypto trading platform, Binance and its system.


Olukoyede said EFCC has frozen about 300 accounts to ensure the safety of the foreign exchange market.

The scheme popularly called the “P to P” peer- peer financial trading scheme has operated outside the official banking and financial corridors and there was a looming disaster that could further crashed the Naira value that has continued to gain.


“There are people in this country doing worse than Binance,” he said.

He added that over $15bn passed through one of the platforms in the last one year, outside the financial regulations.

https://dailypost.ng/2024/04/23/efcc-freezes-over-300-accounts-over-suspicious-fx-flows/

Wow! Revealing. Not only close up but almost all toothpaste.

Change the heading please and stop de-marketing only close-up; all toothpaste brands have fluoride!

Why are they always afraid to put prices?

22/4/2024

1 Official

2. Black market

godwinngbede:
lol see the current rate as of 22/04/2024

Did it crash from 1156 to 1002 before correcting to 1255 or not? That's 10/10.

Correction has capped at 1255, it will zoom past 1000. Opportunity to move out now.

KushLyon:
But this is similar to what forex traders do, will you call them speculators too?

We speculate but not against our dear Naira like crypto idiots do!

1000 under attack!

1000 threatened

nawaforyouo:
baba,

the thing is going in opposite direction ooo

New low! Na technical analyst Abe o. See crashing!

Give me any asset, a go predict with precision. I analyse and trade for a living.

The closing price on Friday was 1161; it has now hit a new low at 1075

Dollar wet dey go 830! Impulsive way on the daily chart.

Convergrnce of Aboki and official rate dey sweet my belle wella.
.
We shall deal with the cryptorians soon! I trust EFCC on this

EFCC operatives should join those crypto exchanges and try to buy USDT to get the bank details of saboteurs and track them. Anyone on those platforms that quotes above the official rate should be tracked and arrested immediately.

You have to interact with the thief to catch him.

This stupid saboteur's account details below called Kingsley uses moniepoint.

Moniepoint licence should be revoked now

NOwazobia:
Family matter.


Next!!

Hausas and Fulanis can't be family! Hausas are peace-loving, Fulanis are terrorists.

Yorubas should burn all the Fulani settlements around them if they want peace. Fulanis don't belong to Nigeria.

Pierocash:
A lot of f. ools are roaming the street of Nigeria. They keep blaming crypto trades as the reason behind the declining naira.

Is dollar pegged to usedt or usdt pegged to dollar. This illiterates keep saying usdt is the cause of naira crash how.

Usdt is pegged to dollar, it is the price of dollar that reflects on usdt, and not usdt reflecting on dollar.

What causes dollar spike is dollar scarcity, and not usdt scarcity.

So how does crypto trade affect naira.

Binance was closed for money laundering and terrorism financing and not mainly because of dollar spike. Awon oponu

Ole, ole, ma lo wa ise se! P2P na work?

yemmit90:
The main reason is that, speculators has started accumulate for profit.

I notice since the day that foolish woman "Aisha Yesufu" or whatever they call her, advise people to start keeping their dollars, naira has been on steady decline.

What these people don't know is that, whatever they say can influence alot of people decision, how will you make such a statement, having know that there are set of people in millions who are always looking up to you for direction.

If Nigeria government is serious enough, such character should've been putting behind the bar since making that statement.

Aisha Yesufunshould be in jail now! EFCC, do your job.

I am calling on the FG to stop the evil activities of Nigerian speculators on the these 2 crypto exchanges - Bybit and bitget.

Arbitrageurs are now taking advantage of the difference between the official and the rate on these exchanges to cause the depreciation of the Naira.

This is what the government should do:

To buy USDT on these platforms, the sellers mostly use opay, palmpay and now moniepoint to receive transfer for their sales. The licences of these minibanks should be terminated as they are channels of economic sabotage.

Any other channels used by them will be exposed as we are active on these exchanges watching how things go on there.

This is bybit.

Bybit and bitget must be stopped now.

Verbtips:
AmHim1
i eat a lot of calories
yet am still skinny
no be food dey make pesin fat
i go fit finish 4 cup of beans top am with 3 garri
and the day i feel like drinking garri
10 cups go go down,
if na swallow 1kg of semo
i go finish am.
but if you see me you go really pity me.if no be now
Wey i dey try to reduce my food intake so make i no dey give my organ hard work
no be food dey make pesin fat.but people wey know me predict say my fat go come like a flood well am looking forward to that.
but your claim are baseless

Your own case fit be hereditary sha!

Hmnn! Following.

misreal:
So wat other factors contribute to this great support Israel gets from Israel.

Jews in those countries control technology, politics, finance, and science! They're inventors, pioneers, scientists, and billionaires.

I wish they were in Nigeria to turn things around with their brain.

I love the Jews!

Wave analysis 4 hour chart:
Fifth wave about to begin after the correction capped at 1161.78.

The fifth wave is projected to hit 830.

The way Dollar go crash ehn! Thanks to TA!

Technical analysis:
Currently on the third wave (impulsive) to drop below 844 before any correction.

19/4/2033

There's nothing like parallel market again! My broker used to charge me with crypto exchange rate but now charges me with the official .

First pic: My broker $10 @ 1173
Second: Official 1170

Chai! Science o.

Omo, we need to learn about weapons o and how they cause destructions to humans. I'm a complete ignoramus when it comes to how bombs cause havoc.

The Dangote Petroleum Refinery has listened to the calls of oil marketers as regards the reduction in the price of Automotive Gas Oil, popularly called diesel.

On Tuesday, the refinery announced a reduction in the price of diesel from N1,200/litre to N1,000/litre, a development that triggered excitement among operators in the downstream oil sector.

Dangote refinery announced this in a statement issued on Tuesday by its spokesperson, Tony Chiejina.

The statement read in part, “In an unprecedented move, Dangote Petroleum Refinery has announced a further reduction of the price of diesel from N1200 to N1,000/litre.

“While rolling out the products, the refinery supplied at a substantially reduced price of N1,200/litre three weeks ago, representing over 30 per cent reduction from the previous market price of about N1,600/litre.

“This significant reduction in the price of diesel at Dangote Petroleum Refinery is expected to positively affect all the spheres of the economy and ultimately reduce the high inflation rate in the country.”

On April 10, 2024, The PUNCH exclusively reported that oil marketers called for a downward review in the pump price of diesel being produced by the Dangote Petroleum Refinery to between N700 and N850/litre.


The operators also revealed plans to meet the managers of the refinery this week, as stated in the report.

Reacting to the price reduction on Tuesday, the Secretary of the Independent Petroleum Marketers Association of Nigeria, Abuja-Suleja Branch, Mohammed Shuaibu, said, “This is a welcome development and I am happy to hear this news because it will further increase competition in the downstream which will benefit many Nigerians.

“Such competition would create room for more price reduction and we are going to start seeing the positive impact on the cost of goods and services on the long run.”

On his part, the Executive Secretary of the Major Energies Marketers Association of Nigeria, Clement Isong, said, “I have not heard about it yet. But I will be excited if it is true. It is good news.”

IPMAN, which made the call for a reduction in diesel price during an interview with The PUNCH last week, had explained that the N1,225/litre price for the commodity from the indigenous refinery was high because the product was produced in Nigeria and not imported.

The Petroleum Products Retail Outlets Owners Association of Nigeria had also called for a reduction in the price of Dangote diesel.

The groups called for the intervention of the Federal Government and urged the managers of the refinery to consider the high cost of logistics required to transport the product from Lagos where the refinery is located.

The oil marketers pointed out that the product is being landed in Nigeria by some importers at N1,250/litre following the appreciation of the naira against the dollar, adding that this should be another reason why the Dangote refinery that produces diesel in Nigeria should cut down its price.

According to the oil marketers, diesel produced at the Dangote refinery has no vessel cost, import charges, and other costs associated with the costs associated with the importation of the commodity into Nigeria.

https://punchng.com/marketers-excited-as-dangote-slashes-diesel-price-to-n1000-litre/