₦airaland Forum

Ehn ehn! North is underrated. No noise unlike the dot region people; they're aren't even represented on internet usage.

Is it just about importing and trading?

Agric. North
Internet: Moving fast ahead of the dot region.

Eco 101
Official 1607
Black/Parallel 1450

Participant sell from official at a discount and buy at the black market cheap.

Official rate falls
Black rises a bit to equilibrium.

Summary: Official rate will be stable which is the aim of the CBN.

There will be less demand at the official now; all roads to parallel.

Manager001:
You guys are morons oooh!
In another post, you will shout usdt is not real dollar and binance can't be used as yardstick.
Now, you are showing us the same usdt in binance.
Are you mad or something?

Oya, continue buying your USDT for profit if you get mind.

Crashing

Parallel.

Prices of rice and others will definitely drop

Parallel is lower now

Daily ATR of 100 for USDTNGN. Sell the useless USDT

Una never see anything! Continue buying your yeye USDT.

happney65:
Aiye Tinubu ti ta pau. Embarrassed at home and abroad.

Yeye somebody

Aiye Baba e lo ta pau

adamusuleiman2:
Zero proof to your statement.

The proof we have says otherwise.

Hmnn! Ekiti and Kwara need to do something.

Well-planned! This isn't a slum abeg. The roads should just be tarred.

The Stepmom doesn't want your daughter around! Women and manipulations.

In other words, Whites are albinos!

The Tigers are well-fed! The owner must be rich.

LadyExcellency:
There is nothing about pegging the rate as read from the headline. The CBN is directing the custom to charge and collect invoicing exchange rates. If I import goods at an exchange rate of N1500 to $1, the Customs duty should be charged at a percentage rate of N1500 by implication, if the duty is 5% then the customs duty should be 5/100*1500 = 75 instead of using a future unknown rate to calculate a rate for goods imported 3 months ago.

Thank you! You're good.

Good! Your office should be at the border not streets. Give Naira to incoming travellers and receive their foreign currencies in exchange. If you want to sell the received foreign currencies, the margin should be minimal infarct shouldn't be more than N50; not the current N300.

Good one! Seize all the export-bound essentials and auction to to Nigerian.

Cement, spaghetti, Garri, yam, flour, beans, maize, guinea corn, etc, should be seized and auctioned.

VeeVeeMyLuv:
What about the fundamentals?

One after the other! Technicals and fundamentals will be tackled.

A lot is going on in the financial sector for the good of the country.

Keep up the good work guys! Nigeria is being re-engineered for prosperity.

He's right because governors use their allocations to buy Dollars.

Insider information you can use.

Thank God! We now have a government who strives to find solutions to challenges.

EFCC, continue the good work.

Hh

Ruke1989:
The easiest way is to do it USA style. Make it a crime punishable by paying $2billion fine for any exchange to trade in naira NGN either through P2P or otherwise. Or impose a 70% tax on every NGN withdrawal. You will sue binance international to court for non compliance with the 70% tax. Automatically, binance and other exchanges themselves will ban NGN fiat deposit and withdrawal to avoid paying $2 billion fine. The end users themselves will stop trading when they are forced by binance to pay such tax because it will make arbitration unprofitable

Good one! FG is reading and steps would be taken to that effect.

We are winning this war against economic saboteurs!

If there's a way to do that, let it be done immediately; no room for saboteurs to breathe.

YourKarma:
zero sense, una no get. When Tinubu was sharing $25k per delegate, and sharing dollars to buy people's votes during the election you didn't know it'll cause these issues and now you and your useless president are looking for who to blame for the problems you caused. Same useless politicians are the ones storing up all the available dollars while half-brained cretins like y'all cheer them on.
If you had even an iota of sense, you would know that this stupid move by your government will further push up the value of the dollars due to more scarcity of dollars that'll result from this.

Like president, like followers; zero sense

Your papa and Mama no get sense.

Crashing now
Pic 1. USDTNGN
Pic 2 USDNGN

Unification being achieved.

No try government o

RodgersAkpafu:
The solution is staring at the govt in the face

Stop fiscal recklessness and hike rates well.

As long as excess liquidity is in the system; the naira will continue to die

You guys don't read news or what? The government is aiming for a single exchange rates; government doesn't want parallel market again, simple.

Ban anything bannable and achieve exchange rate unification.

No more dual exchange rates!

StOla:
Good!

A country that does not know economic security will learn the hard way like Nigeria is doing now.

Nigeria needs to reach out and learn from countries that have mastered the art of economic control and economic security.

In Nigeria anything goes.

Some even think it is their fundamental right to save up dollars inside Nigeria.

Left to me anyone who is not getting foreign remittances into their domiciliary account, should have any dollars they have stacked up till now, converted at a rate of $1 = N1.

If you have stacked up $20,000 within Nigeria, my government will convert it to N20,000 for you.

It is obvious you have more than enough to be contributing to the economic terrorism that is going on within the country, so we will help you with a conversion tax that will make you love your own Naira.

Na now the government begin wake up that you do not show mercy to wicked Nigerians.

Thank you my fellow good citizen!

Way to go! Action President.

EreluRoz:
But why is it that it's dominated by men with questionable characters? I've never seen any self acclaimed crypto man that's not having dada, smoke or take drugs.
How many men of God are into crypto? Why is it only dada boys?

80% of them are yahooboys and kidnappers!

lanre316:
They actually can. Don't underestimate the power of the government. They could
- ban binance website and app from opening in Nigeria, like they did Twitter some years. Forget using VPN, Binance will ban you straight.
- They could request KYC details of Binance users and go after them via BVN. Remember Binance has office in Abuja and they are willing to cooperate with the government.
-They could track the phone numbers used to operate OTP on binance and go after them via BVN.

etc etc.

Just pray that the government doesn't go full force against Binance users in Nigeria. Don't forget how the US government dealt seriously with the CEO of Binance

Leave them! They're underestimating the government.