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Politics / Re: Reuben Abati Asks Tinubu’s Sons To Stop Hanging Around Aso Rock by ivolt: 10:07pm On Mar 06 |
festacman:The bold is never going to happen. In the worst outcome, they retire to the US as multimillionaires in dollar. 3 Likes |
Foreign Affairs / Re: Nikki Haley Drops Out Of 2024 US Presidential Election by ivolt: 10:00pm On Mar 06 |
CluelessMODS:Don't blame him. There are lot of Twitter and Telegram groups where his likes are brainwashed with facts. Every American kid know that California is a no go area for republicans let alone Trump that is detested over there. But the OP didn't know because he just picked up bits from here and there and then mash them together. 2 Likes |
Foreign Affairs / Re: Nikki Haley Drops Out Of 2024 US Presidential Election by ivolt: 9:58pm On Mar 06 |
naijapips02: Are you talking about the US or another country? You mentioned Trump and placed California in the same sentence. Please and please refrain from discussing US politics because you obviously don't know how the country is politically structured. 1 Like |
Business / Re: ‘How CBN Can Track $26bn Binance Transactions’ - Obinna Iwuno by ivolt: 9:43pm On Mar 06 |
The writer has been fooled. He thinks he can help CBN on a goose chase. The $26 billion is a figment of Cardoso's imagination. They needed a scapegoat for the falling Naira and they found Binance a good spot because some group of idiots kept posting Binance's USDT rates as the true exchange rate even though we know that USDT is not dollar and you don't need dollar to buy USDT. With the fact that Binance has been banned in several western and anti-Chinese countries, the CBN latched on to it and label the platform the face of evil. If the CBN believes that Binance determines Naira exchange rate, all it need do is to push its own agents or make deal with some BDC to register on the platform and manipulatively sell at the lower "true" rate so those quoting the rate will be forced to adapt or leave. It could alsoe have secretly pressured Binance to remove or limit the activities of the "manipulators". Binance did about a million dollar-Naira transactions per day. Imagine if the CBN opened its own kiosk to generate $1 million USDT at the true rate, the "manipulators", would run out of business or be forced to sell at the "true" rate. But the government needed the theatrics, an external scapegoat that people can curse and attack for the bad economy. It is all showmanship. In few months, the whole Binance issue will not be mentioned anymore and it will be quietly retired. We won't get any update about the $26 billion or the owners again after that. 96 Likes 13 Shares |
Politics / Re: Nigeria Nears OPEC’s Renegotiated 1.5 Million BPD Quota by ivolt: 6:45am On Mar 05 |
NinjaMetahuman:Sell 2 million barrel at $70 per barrel or sell 4 million barrel at $30. The choice is yours. |
Politics / Re: Nigeria Nears OPEC’s Renegotiated 1.5 Million BPD Quota by ivolt: 6:42am On Mar 05 |
Emu4life:Without OPEC, oil may sell for $20-$30 per barrel. Good for the buyers but bad for the government. And if it comes to every country producing their maximum, Nigeria wouldn't even make top 20 and the so-called production increase will be eaten away by production. Yes, our oil is one of the most expensive to produce. |
Crime / Re: Hungry Nigerians Raid Truck Carrying Food Items In Abuja (video) by ivolt: 8:59pm On Mar 04 |
UnfairLife7:Which presidency? Are you sure you are a Nigerian? |
Crime / Re: Hungry Nigerians Raid Truck Carrying Food Items In Abuja (video) by ivolt: 7:41pm On Mar 04 |
Adewale1603:And you think you will be safe after the mob is done with the politicians houses? In a state of anarchy, the poor suffer the most. Haiti is a live case point. 3 Likes |
Business / Re: BUA Cement Records 27.4% Revenue Growth Of ₦460bn Despite N70bn FX Loss by ivolt: 7:52pm On Mar 02 |
israelmao:I think you should make a list of billion dollars Nigerian private companies that do not get incentives. Not incentives include tax rebates, tax holidays, tax for works, contractual preference or others. In short any thing that would increase their productivity. Neither Dangote nor BUA are favorites. What they enjoy is first to market advantage. You are free to gather enough capital and enter the sector too. |
Crime / Re: Police Parade Lawyer Over Alleged Abuse Of 10-Year-Old HouseHelp by ivolt: 11:18am On Mar 02 |
Creamypie:There is a difference between abuse and treating other kids differently. Even men treat their step kids differently let alone relative kids. It is not peculiar to women. 1 Like |
Politics / Re: NLC, TUC To Tinubu: We Are Not After Your Job, Fulfill Our Agreement by ivolt: 7:00am On Mar 02 |
Mynd44: In almost all democratic countries, Labour unions support certain political parties with socialist leanings e.g UK and US even with huge donations. What we should concern about is whether the labour union has legitimate requests given the current economic realities and not the party they supported. 2 Likes |
Family / Re: Three Men Fight Over Baby In Ibadan by ivolt: 8:17pm On Mar 01 |
Why radio program instead of confirmatory test? I guess DNA test is very expensive these days. 7 Likes |
Business / Re: We Have No Intention Of Paying Fines To Nigerian Government - Binance by ivolt: 4:13pm On Mar 01 |
Chai Onanuga just deflated his supporters ego. As for those who would cite the US fine on Binance founder. Binance have a an actual US Business and the fine was arrived at through lengthy negotiations and not arbitrary statement. Also, Binance founder was charged for a real crime after years of investigation which is that he was encouraging money laundering by letting Americans trade on the platform when it was illegal to do so. In Nigeria, it is not illegal to trade on Binance. There is no law against it yet. So, the only fine the government can impose is of encouraging money laundering. The real fine will be very small compared to the rash $10 billion dollar. For the government to get any fine at all, Binance will have to be convinced that it would be allowed to continue operating after the fine. As to the detained Binance executives, they are definitely not worth $10 billion. Maybe $10 million dollars. Unlike the US with global financial reach, Nigeria cannot sanction Binance outside of Nigeria. 51 Likes 4 Shares |
Politics / Re: War-Torn Ukraine Donates Grains To FG As Nigerians Battle Severe Hunger by ivolt: 4:08pm On Mar 01 |
hmm |
Business / Re: FOREX Crisis: FG Slams $10 Billion Fine On Binance by ivolt: 4:07pm On Mar 01 |
ozo13:Binance fine in the US has nothing to do with the US economy. It is because it allowed Americans to trade even when it was illegal to do so. Binance did not and cannot do anything to any economy outside of what the government encourages. 1 Like |
Celebrities / Re: Hardship: KWAM 1 Cancels 67th Birthday Celebration by ivolt: 4:04pm On Mar 01 |
He should have received donations for his birthday and then distribute it to the needy. Some people only donate to the rich! |
Business / Re: BUA Cement Records 27.4% Revenue Growth Of ₦460bn Despite N70bn FX Loss by ivolt: 3:55pm On Mar 01 |
israelmao:Ask yourself why the government will give incentive to a secondary school boy who isn't proven to be able to manage a small kiosk successfully? All big Nigerian companies get government incentives because they already prove that they know what they are doing since they started with private investors. |
Business / Re: BUA Cement Records 27.4% Revenue Growth Of ₦460bn Despite N70bn FX Loss by ivolt: 3:52pm On Mar 01 |
OlujobaSamuel:Don't mid him. He is one of those who thinks BUA cement is #3500 while Dangote is 10K 1 Like |
Business / Re: BUA Cement Records 27.4% Revenue Growth Of ₦460bn Despite N70bn FX Loss by ivolt: 3:51pm On Mar 01 |
ibrocool:Nobody is rebagging BUA. Go and price BUA cement to clear your doubt. It is not 3,500 as claimed in some media. |
Politics / Re: How Jonathan Handed Nigeria's Sovereign Wealth Fund To Tony Blair, JP Morgan by ivolt: 3:49pm On Mar 01 |
Financial iliterates everywhere. It is called investing not handing over and Blair was merely a facilitator. I can't see anywhere in the article where the funds went missing or depleted. |
Business / Re: FOREX Crisis: FG Slams $10 Billion Fine On Binance by ivolt: 3:41pm On Mar 01 |
Ibrahimcoomasie:Binance will never trade Nigeria P2P again. Given that fact, it will not pay the fine as it has no Nigerian asset that the government can seize. You are correct. But this is like fining a company 200% of all the business it ever did in a country. The fine will never materialize, maybe a small fraction of it. As to the detained Binance executives, I am not sure they are worth even $100 million dollars to Binance. |
Politics / Re: FG Pays $120m From Gas Debts As Blackout Spreads by ivolt: 10:03am On Mar 01 |
Offpoint1:You currently pay less than 40% of the actual cost of electricity. 2 Likes |
Food / Re: Are some retailers deliberately hiking prices? Whats happening In Nigeria? by ivolt: 10:35pm On Feb 29 |
Ulogwe1:Yes, that is what many shops do. 1 Like |
Food / Re: Are some retailers deliberately hiking prices? Whats happening In Nigeria? by ivolt: 8:43pm On Feb 29 |
To all those attacking retailers. Some of you have the means to setup a retail store too. Just do it and sell at 30-50% lower price. Your customers will thank you. 2 Likes 1 Share |
Food / Re: Are some retailers deliberately hiking prices? Whats happening In Nigeria? by ivolt: 8:42pm On Feb 29 |
Ulogwe1:The second shop still has old stocks and didn't update the price. When the owner go for a restock, they would adjust to the new price. |
Food / Re: Are some retailers deliberately hiking prices? Whats happening In Nigeria? by ivolt: 8:38pm On Feb 29 |
Emu4life:Maybe a popular belief in Nigeria. Elsewhere chainstores are known to offer cheaper foods. That is how Walmart killed off most small scale grocery stores with low prices. 2 Likes |
Food / Re: Are some retailers deliberately hiking prices? Whats happening In Nigeria? by ivolt: 8:36pm On Feb 29 |
Offpoint1:How about transport and cost of living of the garri producer? Stop sidestepping the main issue. Fuel price was increased 3 times and you expect price of goods to remain the same. |
Career / Re: Tax Experts, How Much Is He Supposed To Receive At The End Of The Month? by ivolt: 5:48pm On Feb 29 |
DenreleDave:So you don' t know that the minimum wage is 30K? |
Business / Re: NIN-Bank Linkage: 85.51 Million Bank Customers Risk Account Suspension by ivolt: 5:47pm On Feb 29 |
Common CBN. This isn't enough. You can do more than this. Also request that we link our INEC id card number, passport number and Birth certificate numbers. Bunch of idiots. 2 Likes 1 Share |
Business / Re: Richest Royal Family Of Saudi Is Worth 4 Times More Than Musk, Gates Combined by ivolt: 5:29pm On Feb 29 |
WeddingParol:In Saudi and other gulf kingdoms context, there is no difference. |
Politics / Re: No Going Back On Demand For N1m Minimum Wage – Ogun NLC by ivolt: 10:26pm On Feb 28 |
1 million You will be lucky to get 50K. Left to Tinubu, the 30K is even too much of a drain on the government. |
Business / Re: 1 USD = #1,480. Naira Keeps Fighting Back In Hard Way. by ivolt: 9:55pm On Feb 28 |
Richtaiwo:You are an economy saboteur for quoting Remitano price. USDT is now illegal to be traded against the Naira and you can be jailed if discovered. USDT is not dollar! 1 Like |
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