SenecaTheYonger: For something to be valuable, it should have a use. What is the use of USDT outside crypto trading. Compare it with the use of actual USD (oil, exportation, loan, medical, tourism, etc.)
I don’t have any problem with USDT but it should not be used as exchange rate for Nigeria’s economy.
USDT is printed by a random company called Tether, same way you can print meme coins in BNB chain, by imputing a bunch of values and boom. Not saying USDT is from BNB network. It’s from Tether.
But the USD is printed by the United States Department of Treasury and is backed by the US government and military.
A handful of crypto companies in Nigeria will no longer allow users to buy the USDT and USDC stablecoins with Naira after renewed scrutiny from the Central Bank of Nigeria (CBN).
“There was a meeting of crypto founders on Tuesday morning, and a number of them agreed to suspend the trades on their platform,” a person at that meeting told TechCabal. A second crypto industry player confirmed the meeting but declined to share details.
At least two crypto exchanges have told their Nigerian customers about the new development.
“We are suspending the buying and selling of USDT and USDC for Naira. This means you can’t buy or sell USDT or USDC with Naira,” said a notification sent by one exchange to customers.
Crypto exchanges in crosshairs as CBN talks tough
Binance and other exchanges have found themselves in regulatory crosshairs as regulators believe that crypto platforms encourage speculators to manipulate exchange rates. This week, users could not access the websites of crypto exchanges like Coinbase, Quidax, and Binance.
Increased volatility in Nigeria’s FX markets has triggered several policy actions, and on Tuesday afternoon, Olayemi Cardoso, the Central Bank governor, claimed “$26 billion has passed through Binance Nigeria from sources and users we cannot identify.”
An autonomous group, the Digital Currency Coalition, also claimed in a presentation seen by TechCabal that speculative trading on the Binance peer to peer offering significantly contributed to the “113.1% devaluation of the naira against USDT” since February 2023. It is unclear how the Coalition arrived at its numbers.
Most people want to arrive at Heathrow. Heathrow is more central, and has better connections to rest of the UK, Europe, America etc Heathrow is like Unilag to Gatwick's LASU. Both good, but one is more glamorous and even though you're better off at LASU for some courses, some students just want Unilag.
Also, 'I have just landed at Heathrow' is more glamorous than 'O'boy, I don reach Gatwick' For some, little things like this count and they will be willing to pay N1.5m more for that with BA. Most High networth individuals would rather be at Heathrow than Gatwick.
If you just wan arrive to start your student visa, or you are not on any ego trip, Gatwick is good o. Join Airpeace. Dont do above your means o.
I think Airpeace made a clever choice in going for Gatwick. With Gatwick they can aim for a different segment of the Nigeria to UK market. With Heathrow being one of the most expensive and super hot cake in the world for airlines, Airpeace would not have had a lot of room to offer cheaper prices than BA if it had gone for Heathrow.
In life, you must know how, when and where to fight your competition. Heathrow is where several Nigerian airlines have gone to die. In picking Gatwick, Airpeace has chosen its battle carefully and I think it will succeed.
After a few years of success under its belt, it can apply to purchase landing slots at Heathrow and play with the big boys.
The bolded isn't a FACT of history. Back in the late 1970s and 1980s when the iconic British Caledonian flew into Nigeria, a lot of high networth individuals and middle class families flew regularly from Lagos to Gatwick Airport or Kano to Gatwick Airport which was a major destination for British Caledonian planes such as the DC-10, Boeing 747 and more. These are the events that I witnessed back in the day.
We flew back then to Gatwick Airport from Nigeria and NEVER saw Heathrow Airport as a status symbol like the bolded texts in your post suggests.
Last but not least, the Air Peace owner stated in an interview I read two days ago that his airline applied for landing rights to Heathrow Airport but it wasn't granted, so, they have to make do with Gatwick.
Oluwatoyin Olajide, chief operating officer, Air Peace during the launch of the Lagos-London flight with travel agents said the service will be operated with the airline’s Boeing 777 aircraft and the Boeing 787 Dreamliner aircraft, one of the most modern and efficient aircraft in the skies.
She also said the airline will be launching with special promo fares and attractive plans for agents.
“Operating daily, this service will also offer several other benefits which give Air Peace an edge over the competition. It’s a direct flight without stop-overs and offers unbeatable fares. The specifics of these offers and other Unique Selling Points will be presented as this engagement progresses.
London will be the Air Peace’s 7th international destination since kicking off operations less than 10 years ago.
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, says himself and his team are not responsible for the current economic woes in the country.
This was made known by Cardoso while answering questions from journalists at the Monetary Policy Committee (MPC) meeting of the apex bank, on Tuesday, February 27, 2024, in Abuja, the first since he assumed office in September 2023.
Cardoso, however, said the CBN is taking the necessary steps to get the country’s fiscal and monetary health back to normal.
He said the current management of the CBN assumed responsibility at a time of crisis of confidence, adding that efforts being made to redress this are beginning to yield results.
We need to do the difficult thing to make things better
While responding to a question that the CBN was responsible for the current economic challenges faced by Nigerians, Cardoso said,
“I laugh at that question but it’s not a laughing matter,” Cardoso retorted. “And I think it is very important for Nigerians to understand that the Central Bank Governor — I and my team — are not responsible for the woes that we have today; we are part of the solution.
“We are determined to ensure that we work hard to get out of the mess that Nigeria is in. We assumed responsibility in a time of crisis of confidence; there was a crisis of confidence and you may all want to go to bed and wish that crisis of confidence was not there but it was, and we can’t turn back the clock.
Almiron: SAVANNAH, Ga. – Passengers aboard planes at the Savannah/Hilton Head International Airport in Georgia may not realize they're rolling over generations of history buried 6 feet under one of the runways.
The gravestones of Richard and Catherine Dotson, along with those of their family members Daniel Hueston and John Dotson, remain undisturbed today, according to aviation officials. Richard and Catherine Dotson's gravestones are on Runway 10, the airport's most active runway.
The families wished for the graves to remain in place when westward extension of this east to west runway was required during World War II," the airport states on its website.
Their graves are the only ones in the world embedded in an active 9,350-foot runway serving thousands of general and commercial aviation operations yearly, according to the airport.
"We consider the Dotsons to be part of our airport family, and we’re happy to have markers honoring them as an important part of our history," airport spokeswoman Lori Lynah told FOX Weather. "It’s always interesting to hear about pilots and passengers alike who’ve heard about the graves and want to learn more about their story."
That's a fascinating history from the State of Georgia... Two actual embedded gravestones on a real runway. More global tourist visits to Savannah, Georgia are expected from this article.
Jewessgratitud3: Was doing it before I opted for teaching.. so I stopped because it's time consuming and not something you can combine with teaching otherwise one will suffer.
That's fine. Women are known for the ability to multitask more than us men. It's clear you have a deep passion for passing on knowledge to people and children. Others would have gravitated towards the baking business because of the opportunity to become millionaires from several parties and events.
But, in real world experiences like this, it's wise of you to have dropped one for the other. I wish you the best in either of the two endeavors you might wish to pursue further down the road.
I can see you'll have to be at work later in the day and have to get some sleep. Take care.
Jewessgratitud3: I know how to make it. I'm a caterer and I also bake.
Really? That's awesome. It's good to be versatile in a lot of ways. I thought your field of specialisation is in the academic field. But I get it now... One of your threads that I read had the iconic recipe for making the legit smokey party jollof... Olopo style. Lol
You don't seem to have fully monetized the food and confectionary field that you learned back in time since you teach now... Or do you monetize your cooking and baking part-time?
By another level I mean it was very tasty. . Yes Scotch egg is more delicious and I like it too.
Oh, "very tasty" egg rolls... that's brilliant! When I have the time I'll see if I can make the egg rolls myself for the first time ever by making the dough slices to be smaller so the egg rolls don't grow big like "coconuts." I've attached a video below for you on how to make Scotch eggs if you're interested.
Enjoy!
/// Here's the recipe for making crispy Scotch eggs below:
Jewessgratitud3: I didn't take pictures. They were almost the size of small coconut. . The thing too big but the milk and nutmeg took the taste to another level. E pain me sha
The size of small coconuts... Okay I kinda get the picture in my mind's eye. It definitely was big in size and I see why you got tired of eating the rest of the egg rolls (sans the hard-boiled eggs inside).
When you say the milk and nutmeg "took the taste to another level" (are you saying it made the egg rolls to taste good or not?).
Incidentally your post inspired me to watch the YouTube recipe for making egg rolls (dumplings) for the first time ever, and it was easy peazy to make. I wonder if you also make Scotch eggs... Do you?
I like Scotch eggs too, the recipes of both egg rolls and Scotch eggs are different with meat sausage, breadcrumbs, and hard-boiled eggs being the top three major components of Scotch eggs. Dayum... the taste is pure heaven!
ShobayoEmma: I was working barely four weeks ago in a school where I'm teaching when a fellow a female staff sugar coated this MTFE AI forex trading to me. Being the first time I would be hearing about AI forex trading, I felt very odd about it. Infact, a junior staff that use to look up to me came to seek my counsel about it having been introduced to it by that female staff on which I told him not to join because I wasn't convinced about it.
A week later, another male staff came to me with thesame praise song of this MTFE, but this time around, I was like let me find out about it. I Asked three different persons about it but none could attest to it's credibility; they however said if I was sure of the goodies attached to it that I should go ahead. Two days later while I was with my colleague sharing the same office with that female staff, she then teased me that she had helped that my colleague's brother to enroll on the platform and he had been receiving his dollars on daily basis afterward. Because I had so much trust in that my colleague to have allowed his brother to take part in that kind of MTFE AI forex trading: I too then decided to join.
I was enrolled on Friday afternoon that week but I couldn't trade because it was late. I started trading the following Monday through the app AI trading and it yielded 1.5 dollars as promised hence my capital was 65 dollars on it.
Note: the AI is expected to make a loss once in the five working days.
On Tuesday that week, the AI made its loss for that week. knowing that it wouldn't make a loss again for that week, I quickly upgraded it to 209 dollars so as to gain 5 dollars each day instead of 1.5 dollars. The AI traded in profit as expected.
Trouble started the following week Monday when they told us of their system update. Like a foolish lamb, we believe them. Then on Tuesday investors started experiencing difficult in making withdrawal on which their invisible CEOs and customer care agents claimed it was due to the system upgrade.
Then days ago, the handwriting began to be more clearer when conflicts excuses began to emerge from their different agents. Then on Tuesday this week, a piece of news emerged on binance news platform that MTFE was a scam and it has gone to the wind forever. Then I knew I had priced a market from a mad man.
I contacted the female staff that introduced me to the platform of this reality but she told me her own Superior had seen thesame news and believed it was a lie against the platform.
Then two days ago, on Thursday, the informed all investors not to on our AI on the app because of their unending upgrade but unfortunately they themselves programmed it to on by itself and traded by itself without us authorizing it to do so. Boom, after the unauthorized trading that day, the AI made over 500% loss. Hence I was having 269 dollars before, but on that Thursday night, it changed to -237 dollars which means, they are now claiming we still owe them after their fraud.
Note, millions of Nigerians are affected by this development with many of their thousands of dollars gone to the wind. I also joined because I wanted to protect my money from the hand of naira fallen angel as our money stays in dollars in both the app wallet and asset.
Now I've learnt my lesson in a very bitter way, Bulaba has really dealt with me, please let the obidients come to my rescue o.
InyinyaAgbaOku: I am talking about foods that are only eaten by Africans and are sourced from Africa
Aha! I thought you were referring to the Diasporan-based African and Asian food stores since the OP is based in Peckam and was asking why Jollof rice is more expensive than Chinese fried rice in British pounds.
Indeed, your entire summations too are spot on with reference to foodstuffs got from Africa by Africans based on existing market research.
InyinyaAgbaOku: African store dealers are the most greedy people you will ever come across. Yet , they aren't richer than their Asian counterparts.
Go to an Asian store, you will still see African raw foods , yet they will be cheaper. Asian stores have your ogiri, yams , garri , egwusi, etc but they sell these foods twice cheaper than your African stores
That's the same thing that applies to African restaurants abroad. African dealers make eating African food abroad a luxury whereas it's easier for Asians to preserve their cultural eating habits cos the foods are cheap for them
In terms of the supply of African foodstuffs in France and the UK for instance, the Asians have for many years now the larger share of distribution than even the African store owners due to the similarities between African cuisine ingredients and Asian cuisine ingredients.
Alx02: All I see is greed. They want to make huge profits from every sale. They excessively inflate prices, and the funny thing is that they source almost all the ingredients from the same country they are in, yet they charge ridiculous amounts. That’s the reason a lot of them run outta business so often. SMH
Relentless greed + Absence of price benchmarks leading to Inconsistencies in costing per plate serving.
So, the US basically betrayed the world renouncing international gold standard. Under these conditions, the inflation would go so high that the US dollar would lose the biggest part of its value. But this can’t happen when the smart guys manage the US. So, while the US dollar was not backed by gold and the US decided its dollar can be a floating currency (fiat money), the US decided to make some agreements with Saudi Arabia. The US would give Saudis a lot of stuff (much of which is secret till today) and all the Arabs had to do was this: The Saudis agreed to price all of their oil sales exclusively in USD The Saudis would be open to investing their surplus oil proceeds in US debt securities Soon, more OPEC (oil producers) countries joined and they benefited from US protection in exchange for selling their oil exclusively for USD.
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Investment › Re: USDT Is Not The Same As US Dollar by Konquest: 11:37pm On Feb 28, 2024
I've attached a video below for you on how to make Scotch eggs if you're interested. 
Okay I kinda get the picture in my mind's eye. It definitely was big in size and I see why you got tired of eating the rest of the egg rolls (sans the hard-boiled eggs inside).
For some, little things like this count and they will be willing to pay N1.5m more for that with BA. Most High networth individuals would rather be at Heathrow than Gatwick.