₦airaland Forum

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.

Una never see anything! Ibtell Una say Bazooka dey come Una way last week, Una say nothing go happen.

We can't have two exchange rates in Nigeria; the earlier you know this, the better.

It's an economic war and the government will win!

Many South Africans are going mad but they don't know yet!

South Africans and insanity are like 5 and 6! They aren't friendly to foreigners.

What are Nigerians looking for in that crime-ridden country?

The peg should stay permanent!

Kucoin next!

ElectronicMoney:
It is the trade in USDT that is driving up the exchange rate against the Naira and not basic economic fundamentals.

Once the rate on Binan.ce goes up the abokis will also quickly adjust their own rates upwards

Why are Aboki using USDTNGN as against USDNGN?

Picture 1 USDNGN

Picture 2. USDTNGN

Look at the gap.

EdiskyHarry:
It's really sad, up till now I can't get money from someone in Philippines

Why?

Nice concept!

YourKarma:
Nonsense. What do you know? You're just as deluded and ignorant as your useless leaders

I know more than your stooopid father!

Lifemanage:
Just like they blocked twitter, binance can also be blocked from speculative activities so that criminal speculative activities can stop. On binance, rate is now 1900....so the target for this week is 1$ to 2000..... This is no longer speculation but a war to destroy the country and Tinubu and his team are not prepared for this.

We are really at war (economic)! We must fight this war and win against the saboteurs.

Instead of using USD for exchange, they use USDT with a gap of N300.

Government should know that it's a serious matter and tough measures are needed; not only against the currency manipulator also against food exporters taking advantage of weak Naira and starve locals of supplies.

Don't plan, just do the needful immediately! Block Binance, Kucoin, and other crypto exchanges now. The manipulation is too much.

All those farmers exporting essential goods to neighbouring countries should be given the same treatment;

Dangote and co are creating artificial scarcity in Nigeria by exporting to Niger; farmers too are doing the same just to maximise profit at the expense of Nigerians.

Government needs to be very tough on unpatriotic manufacturers like Dangote and Bua; as well as farmers of grains.

Anybody holding dollar should be sent to life imprisonment; an economic saboteur is a murderer.

Good job by EFCC! Lazy BDC operators should find something else to do; go to Airport and give Naira to incoming travellers in exchange for their currencies.

Seize their Dollars and send them to jail.

If you want to spend dollar, go to America and do that.

Thieves! They're exporting to neighboring countries; nothing like demand overwhelming them. They make more money exporting than selling locally.

They should be stopped from exporting now!

Witchcraft for good!

jadajada:
what's the capacity and can it charge laptop?

No! It charges phones only.

Good news! Customs should do their job by stopping the exportation of these essential products like maize, cassava, yam, beans, and guinea-corn; all these aren't supposed to be expensive as they are produced here.

Any truck going to Niger and other neighboring countries should be stopped and goods seized and auctioned to Nigerians.

There's no solution to rice being expensive as the price is linked to the exchange rates.

Wheat products like semolina, noodles, spaghetti will remain expensive as wheat is imported from Russia, Ukraine, and the USA.

Beverages major raw materials are sourced locally and the prices shouldn't be on the high side.

Cement: Dangote and Bua are taking advantage of weak Naira to export to the neighboring countries to maximize profit just like the grain farmers are doing; government should stop Dangote and co. from exporting for now and satisfy local demand. Any truck carrying cement to the neighboring countries should be seized and good therein be confiscated and auctioned to Nigerians.

God bless Nigeria!

Tplanet:
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Buhari is culpable! No Fulani kidnapper was ever arrested and paraded this way when he was in power; the man gave his kinsmen freedom to rain terror on the peace-loving citizens of this country.

Buhari, na God go punish you and your generations unborn!

Ezewuzie01:
Wike is always effective in whatever he does. How I wish Tinubu will step down in 2027 and allow Wike to take over from him. Nigeria will witness unprecedented transformation. This is also an indictment on northern governors in whose states Fulani bandits are running amok. It shows they can easily capture those terrorists but choose to look away while complaining like bleating goats.

I concur! Wicked Wike.

See Alfa kidnapper! Fear religious people; be it Alfa or Pastor.

Love800:
But the northern land has the best soil for farming.

We have fertile soil here too; but our people are only interested in office works and yahooyahoo.

It's high time they did that!

Hmnn! Blessed with good soil. Southerners, please go back to farm! Leave the urban area and go to rural areas and farm.

Go to farm now!

Ogiame:
Ughelli, same place that birthed the End SARS protest...


These uniform men nor wan learn.

Yahooboy, read what your colleagues did to the officers nah. Can't you read again. How can you be driving an unregistered car and your friends even attacked and injured officers on duty.

Adewale1603:
Police are cursed. Majority of them don't always end up well in life. Only few are usually successful and live long

Are yahooboys like you not cursed? Like yahooboys like bad cops.

'When a Christian is a king, the subjects turn the other cheek for slaps'. Vengeance belongs to God.

Nobody go teach you before you dig out your most effective charms and drive out the land-grabbers.

Organise yourselves and storm their camps and kill them and their cows.

'Kill or get killed'

IyaTola:
it's worse than Ajegunle in Lagos

When was the last time you heard about violent crimes in Ajegunle? You must be very stupeeeeed!

azpekuliar:
Cheering news for us crypto lovers. More crypto adoption!

Bazooka dey come Una way from the government, I am very sure about this. Binance go first collect wotowoto and other measures go follow.

Hohaiiiode:
this policy won’t stop the inflow of dollar into the economy in all sense of it. It will only deal a big blow to the fix black market .

That's the essence! It isn't about supporting the Naira but stopping speculation.

When speculation is stopped, volatility minimises and the true value of the Naira against the Dollar would be known.