₦airaland Forum

Springboot:
Crypto has no positive influence on the economy but damage to the naira further, an import dependant country like Nigeria need to be careful with digital currencies. Meanwhile Atiku we know you're only saying this because of your presidential ambition. We are not FOOLS.

Dependence on Crude oil Dollars and Foriegn reserves that is low for trade, and using Crypto

In all honesty which will strengthen Naira

If all traders start going to CBN and BDC for dollars they don't have, what do you think will happen to the exchange rates?! 600 700 for a dollars

Mscheeew!!! Meaningless Policy

Paxful is still hot with trade

Now I hate to say it but we have a dumb government headed by Buhari

I traded Bitcoin this morning, you really can't stop Peer to Peer Bitcoin, you can't shut Account for transactions you don't know the source


To understand how stupid Buhari is

*He limited funds MasterCard and Visa cards holders can get every quarter (3 months) to $1000 that's like 120,000 a month... What trader or importer can successfully import goods with 120k a month

*Now Crude Oil prices are low, our foreign reserves are down ... In simple terms we don't have enough dollars, yet some imbeciless shutdown cryptocyrrency the major alternative to dollars




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Hahahahaaa.

I hate to go tribalistic, but what is actually wrong with this Fulanis ... What the fvck

Theoretically a cow calf cost 15 to 25k, maturity is 5years , matured Cow cost 250k , so in real terms I invest 25k initial capital, I feed the Cow for 3 years walking up and down to earn 250k thats 200 naira per day of hard labour

Practically, setting up a blockchain Account cos nothing, on $50 with right market forces you can get $5 if the trend is bullish

Anyways paxful still dey on for trade


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Omihanifa:
Nigerian p0rnstars just like calling big figures to deceive the gullible ones

How can they say they pay actresses $3000 to $10,000 per month

That's equivalent to 1.1million and 3.8million respectively, if that's the reality a lot of people in both private and public sector would have switched to phorn

Oga you know how much this people make from Xvideo red and other premium sites

Oyinbo like porn pass their life and Na them they pay this site's


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E no fit pass our crooked Politicians money buying expensive cars like nothing, while them one block Bitcoin for us

tyup:
So good for you guys

If we take you along, who will goto farm and plant tomatoes... My friend drop your phone and go and farm for me ..

Life is simple, if man no toast you, toast man

Atleast madam Yesufu is happily married to that abokii man

Buhari clearly wants to finish Nigeria

Ban on crypto would increase demand for forex and that means dollar hitting 600 naira

Better to be an hustler creating wealth that boost the economy than over entitled ASUU prick Professor who teaches meaningless theories that never helps the society

Wahala for poor Scamdemic idiots, most of them go just die poooof!!! Or infect their parents And after few RIPs they are forgoten


All the rich people are getting vacinnated, poor people are getting religious brainwashing or scammed by Trump

Reminds me of Habokiiss who rejected Polio Vaccination back then, right now Na them be cripples begging us for change at most driveway



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Buzx:
Do you know how many billions are in those companies Nigerian account? They will not risk those billions and do something illegal as posing as another company. The only way out of this is P2P.

Dude they ain't risking Nada, most Crypto company I know use online POS from stripes, or paystack this are buffer to their trading account

Last last NFIU or CBN don't have any means to separate cocoyam buyers from crypto currency buyers all transactions to all customers are treated the same way, CBN can't and won't question any transaction declared as cocoyam sales proceeds

Buzx:
You're are not the cryptocurrency company. When you withdraw your crypto, the companies pay you through their Nigerian bank accounts. Now, if the government bans their accounts, there is no way for them to pay you. If you like open another account that you sell akara or fried yam.

Crypto trading company can open cocoyam trading Company to font for a bank and still send funds to their customers

Buzx:
Very weird question. Didn't you submit your details to the bank when you were opening your account? They also used their company names to open these accounts, and submitted huge amount of details about their business. CBN have already directed Banks to do the fishing.

Now that's the big catch in all this, same me that registered a Certificate of Incorporation at CAC that I trade Bitcoin, can also go back to CAC and register that I trade cocoyam, CAC won't cost pass 20k and I can enter another bank with my cocoyam trading company CAC cert to open another account within 24hrs

thebosstrevor1:
Crypto is expensive to send.

Network fees is very high for btc and others.

So i don't see how crypto strengthens the naira

Crypto is not expensive to send for anyone who's knows the worth

Since it's peer to peer currency, people dedicating their resources, mining and transferring must earn

All I know is ban of crypto means every one would start buying dollars back and soon dollar would reach Atleast 600 if crude oil prices stays down

giftiy:
good Job but where will they get the paddy to sustain the mill?

Lagos officially purchased lands in Kebbi , Ogun and Oyo, this lands are not the intended irrigated to sustain all year farming

thebosstrevor1:
All crypto exchanges have accounts in Nigeria, from that account they use it to pay out cash.

If government close their accounts, they can't pay out

And how will CBN and Government know Cryto traders bank account from a cocoyam sellers account

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SeunAdeniyi1:
People like Patricia go cry this year o.

It was high time the government ban crypto exchanges. It is one of the things killing our useless naira. People would rather store their funds in bitcoin and co. than to store it in naira.

Crypto currency strengthens naira

With Crypto currency, there less demand for Crude Oil based Nigerian Forex and dollars, less demand for forex means more dollars in our foreign reserves and more Money for Goverment to spend on infrastructure

Now if we kill Crypto, everybody who uses crypto would head to CBN or BDC to buy Dollars leading to shortage and price increase



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thebosstrevor1:
The endsar protest created the ban.

Then that's stupidity

You can't ban crypto, and if you ban traders bank account because they told you voluntarily they trade Bitcoin, then they would simply tell you they trade something else like cocoyam, or buruntashi

Seyzcham91:
the part of section of the country render powerless i believe that is

south west and south east cuz those are where we have the braniac computer literate that deal crypto not in the north that only killing and banditry they are known for

Who do you think buys Northerners tomatoes , pepper and cows?! Same Southerners earning forex and working globally


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mcjohny:
companionship

An artist or a Celebrity has companionship in excess 24/7 that it makes them tired and sometimes escape companionship in seclusion

They sha want to kill Nigerians

No matter how much your mother hurt you, just forgive and move on... May God heal her wound

gaius01:
Sorcery? Conjuring the dead? Dividing the red sea? And you call that sorcery?

Mtcheeew worthless and baseless. I like people who talk with concrete reference not those who presume and assume. So Sir can you justify what you wrote above or you just want to speak trash simply because the news is of a bad vibes?

If you can't justify your verdict, I believe silence will do you much good .

Moses and Saul both have Staff or wand , like Magicians and Wizard

Moses wrote many spell book, if you doubt me google 1st to 8th books of Moses

Their tenure expired and they got sacked. . do you want him to extend their tenure so that you can insult him like Buhari

Princessjoke:
Like sometimes when I think of this relationship problems and all...I just think marriage is overrated...God go help us all

If not for societal standards and culture, many won't marry , in marriage you give more to get less.

She's rich, has a kid, has a career


What more can a 41 years old ask for


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SUFFERInSMILIIN:
If the government was serious central government and Lagos State government was serious what they should have done at first this would have allowed the Farmers to produce a lot of rice when there is sufficient quantity of rice then you build the rice Mills now I don't think they have engaged any farmer to produce rice yet and the meal is on ground rusting away and paying salaries you can see the project is not a serious attempt

Farmers have been engaged, farm lands have been acquired in Kebbi , Ogun and Oyo the Rice mill project started because LAKE rice (Lagos , Kebbi ) had more paddy of rice havested than the milling capacity back then during Ambodes term

All this is caused by habokkis fear of population census

Na wa... Edo State and strange events


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ChelseaArmy:
Dem go require total blood transfusion .

Or Name Change, rebranding or even spiritual deliverance

If we go by voting pattern of 2015 to 2021 General and bye Elections, PDP needs prayer

Mscheeew


Sho ro niyen

I respect what Gani Adams and OPC had don for Yoruba Ethnic Nationality but this one Na bullshit talk



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