Konquest's Posts
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 Business › Re: US Dollar Supply Surges By 51% In Forex Market As Naira Records Gain by Konquest: 8:03pm On Feb 22, 2024 |
t2luv1:@ t2luv1, Your analogy of Ijebu and Abeokuta rivalry is highly exaggerated tbh. Osogbo for your information is of Ijesa-Yoruba subethnicity... So, there's no Osogbo and Ijesa rivalry. Indeed, with the presence of modern forms of technologies, communication becomes easier via Skype, WhatsApp, YouTube, mobile phones and satellite phones, etc, so, if you feel aggrieved about something, you can easily communicate with the other party and with proper NEGOTIATION SKILLS and emotional intelligence, the problems at hand can easily be resolved before they escalate. Second, the Yoruba folks also have multiple family members of different faiths within the nuclear and extended families. I get your point though about potential challenges that might occur within sub ethnicities, but that situation can be managed even if the Yoruba folks, Hausas, Ibos, Edos, Akwa Ibom/Cross Rivers, Ijaw, Igala, Tiv, Jukun, etc, all have their own independent countries (or confederate countries) in the event that Nigeria as an overcentralised entity does not work out by creating an urgent decentralized system for more economic, social, and technological efficiency. |
| Business › Re: US Dollar Supply Surges By 51% In Forex Market As Naira Records Gain by Konquest: 7:42pm On Feb 22, 2024 |
kay29000:@kay29000, Indeed my brother, if the Yoruba folks who are over 50 million in population or the Hausas who are about 73 million in Nigeria and Niger Republic are in charge of their countries' governance structure, they would perform MORE efficiently at their own pace using innovative thinking to leapfrog economically and technologically because of minimal encumbrance from major ethnic rivalries. Most ethnic groups have highly skilled, world-class brilliant minds, but in the midst of the enervating rivalries in multiethnic countries of over 100 to 250 ethnic groups, the CRAB mentality kicks in where distractions take place on national developmental issues due to ethnic rivalries and the potential challenges of military coups that have in the past encouraged massive corruption and stunted economic development. The immediate remedy for Nigeria or the Democratic Republic of Congo for instance would be to devolve powers or decentralize in order to be more efficient with the use of innovative technologies because overcentralised governments are too inefficient to run. 2 Likes 1 Share |
| Culture › Re: The Yoruba Origin Of The GA People In Ghana by Konquest: 7:07pm On Feb 22, 2024 |
scholes0:That's an impressive feedback. Indeed the Asante Empire conquerred the GUAN (also called Gonja). The name Gonja is actually a Hausa-derived name meaning "Goron ja" or "red kolanut"... Which is one of the commodities that the Guan traders engaged in selling and there was a trade linkage with the Hausaland and Northern Ghana. Thanks again for shedding more light on the Guan group who I had always known by the more popular name of Gonja. |
| Business › Re: US Dollar Supply Surges By 51% In Forex Market As Naira Records Gain by Konquest: 6:48pm On Feb 22, 2024*. Modified: 7:26pm On Feb 22, 2024 |
Queengee:That's incorrect in my opinion. The problem of Nigeria is the multiethnic nature and multi religious nature of that country that's difficult to put together on a sustainable basis. An African President and his team who are in charge of governing a monoethnic or near-mono ethnic country of over 50 million people would perform better using innovative thinking to easily leapfrog the economy and hence become an economic and technological superpower. There's NO doubt from the vast evidence of history that mono ethnic OR near-mono ethnic countries in charge of their own human and natural resources perform better on the innovative scale than large multiethnic countries that were welded together by the Colonialists in Asia and Africa. 4 Likes 1 Share |
| Health › Re: Strange Disease Kills 3 Health Workers, Patient At Nigerian Army Hospital Kaduna by Konquest: 5:59pm On Feb 22, 2024 |
References:From the bolded quote directly below, this is a CLEAR medical case of Lassa Fever. Let's hope it's NOT Ebola virus or Marburg disease that present with the same symptoms. More advanced laboratory tests have to done to know conclusively what zoonotic viral strain this is. Medical staff also have to be well-kitted and alert when treating such cases. “They are suspected to have died from Acute Viral Hemorrhagic Fever (VHF). This followed the management of a patient with febrile illness thought to have been the index patient with the disease 10 days ago, having presented with a febrile illness”, the memo stated. |
| Politics › Re: Govs Responsible For $/N Hike, Converting Allocations To Dollars - Idris Usman by Konquest: 5:48pm On Feb 22, 2024 |
chisomkachy:An activist, Idris Etanami Usman has lamented the endless paucity of dollar denominations in the country which he said, has affected genuine businesses. He attributed the scarcity of dollars to governors converting monthly allocations to dollars, noting that the investigations his company conducted uncovered alarming evidence pointing towards the complicity of certain state governors in exacerbating the dire situation. Usman, who is a leading data mining and public relations executive, in a statement made available to DAILY POST in Abuja on Thursday, lamented the crisis, stressing that the role of governors with regard to economic policies must be redefined. He insisted that the routine conversion undermines the stability of the nation’s currency. |
| Business › Re: Naira Hits Record Low Of N1960 /EUR1 At The Black Market by Konquest: 5:31pm On Feb 22, 2024 |
References1:What you should know Nairametrics reported that it has been a tumultuous twenty-four hours on the renowned cryptocurrency platform, Binance, after the exchange rate between the naira and the popular stablecoin, Tether (USDT), plummeted to approximately N1900/USDT before subsequently rising to N1354.3. However, by 7 am on Thursday, February 22, the naira was trading between N1680-N1710/$1 USDT. This situation arises amid several reports of a crackdown on cryptocurrency trading, which some authorities view as a significant contributing factor to the rapid depreciation of the naira. Tether (USDT) is a stablecoin used as a medium of exchange for cryptocurrency traders looking to trade their local currency against the dollar. One USDT is equivalent to $1. This dramatic drop and subsequent recovery underscore the volatile nature of cryptocurrency markets, especially in the context of Nigeria’s current economic climate. The exact cause of the wild volatility experienced in the last 24 hours remains unclear, even as some attribute it to a broader crackdown on cryptocurrency trading by certain authorities, who argue that such activities have been contributing to the rapid devaluation of the naira. 1 Like 1 Share |
| Culture › Re: The Yoruba Origin Of The GA People In Ghana by Konquest: 3:43pm On Feb 22, 2024*. Modified: 5:03pm On Feb 22, 2024 |
scholes0:How's it going @Scholes0? I actually read from a couple of sources on the day I landed on this thread directly from the Google first page that the Akan (which is the collective name for several groups of people such as the Asante, Fante, Akuapem, Nzima, etc) are the first of all the modern-Ghana groups to arrive and that is why the "KAN" in AKAN means FIRST. So, I thought the Kan root is quite similar to OKAN meaning ONE or FIRST in Yoruba language. The Akan and the Yoruba ethnicities belong to the same Kwa language group. I'll look up the information you gave here regardless and I appreciate your perspective because it's always good to fact-check all information we come across online and offline. Have a great year ahead! UPDATE: Indeed, I've studiously checked a number of sources online and the GUAN people (who are a minority group in Ghana) are considered the first group to settle in modern Ghana just like you said. On the other hand, the root word "Kan" is derived from the Twi-Akan dialect of the Akan which means FIRST. 1 Like 1 Share
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| Business › Re: FX Crisis: Ban Crypto In Nigeria. EFCC, CBN Should Move Against Them - Onanuga by Konquest: 2:57pm On Feb 22, 2024*. Modified: 3:30pm On Feb 22, 2024 |
BannedUser:I'm only gonna respond to your unintelligent post so that you do NOT mislead readers here. If you had read my post properly you wouldn't have spewed the very uncouth language you used in your post. It is highly unfortunate that young people like you don't pay attention to written details online and offline but throw insults around at people who are way older than you! Second, I'm very conversant with Blockchain technologies and as a veteran for several years now when it comes to the use of digital currencies and cryptos, I KNOW FULL WELL the difference between Egold, Liberty Reserve and cryptos. Last but NOT least, Blockchain or not, it's now fully official from several intelligence info available to me and the documentaries I have seen, the U.S. Federal Intelligence authorities have the advanced technologies to track all crypto transactions and it's ONLY the uninitiated that would think otherwise. Several crimes that were committed years back involving cryptos and Blockchain have been solved by U.S. Federal Intel and the offenders are currently serving long-term jail sentences. |
| Business › Re: 'If You Are In Nigeria, Move All Your Cryptocurrency To A Custodial Wallet Now' by Konquest: 4:36am On Feb 22, 2024 |
Osanoghodua1: |
| Business › Re: 'If You Are In Nigeria, Move All Your Cryptocurrency To A Custodial Wallet Now' by Konquest: 4:17am On Feb 22, 2024 |
lanre316:Well said. |
| Business › Re: 'If You Are In Nigeria, Move All Your Cryptocurrency To A Custodial Wallet Now' by Konquest: 4:12am On Feb 22, 2024 |
TheOldGods: |
| Business › Re: 'If You Are In Nigeria, Move All Your Cryptocurrency To A Custodial Wallet Now' by Konquest: 4:11am On Feb 22, 2024 |
Bigkoko: 1 Like |
| Business › Re: 'If You Are In Nigeria, Move All Your Cryptocurrency To A Custodial Wallet Now' by Konquest: 4:07am On Feb 22, 2024 |
ivolt: |
| Business › Re: 'If You Are In Nigeria, Move All Your Cryptocurrency To A Custodial Wallet Now' by Konquest: 4:00am On Feb 22, 2024 |
Fryx: |
| Business › Re: 'If You Are In Nigeria, Move All Your Cryptocurrency To A Custodial Wallet Now' by Konquest: 3:55am On Feb 22, 2024 |
ivolt: |
| Business › Re: 'If You Are In Nigeria, Move All Your Cryptocurrency To A Custodial Wallet Now' by Konquest: 3:52am On Feb 22, 2024 |
Killermamba: |
| Business › Re: 'If You Are In Nigeria, Move All Your Cryptocurrency To A Custodial Wallet Now' by Konquest: 3:47am On Feb 22, 2024 |
mekus1011: |
| Business › Re: 'If You Are In Nigeria, Move All Your Cryptocurrency To A Custodial Wallet Now' by Konquest: 3:47am On Feb 22, 2024 |
THEPACIFIST: |
| Business › Re: 'If You Are In Nigeria, Move All Your Cryptocurrency To A Custodial Wallet Now' by Konquest: 3:47am On Feb 22, 2024 |
ivolt: |
| Business › Re: 'If You Are In Nigeria, Move All Your Cryptocurrency To A Custodial Wallet Now' by Konquest: 3:43am On Feb 22, 2024 |
nlfpmod: |
| Politics › Re: Bwala: I'll Keep Attacking Peter Obi As Long As Obidients Continue Cyberbulling by Konquest: 3:08am On Feb 22, 2024 |
bennybuhari:“Now, they feel the best thing for them to do is to join forces with other PDP members that are aggrieved with my decision to support Tinubu and be insulting me. They came to my X page and the cyberbullying became too much. So, I have two options. The first is for me to be cowed and the second option for me is to attack them where it hurts them most. “Peter Obi is more than a religion to Obidients. Even when some religious, political or traditional leaders observe anything about Peter Obi and they say it, these Obidients will rise against them and attack them. So, Obi has now become like a god to them.” Bwala added that as long as Obidients continue to “look for my trouble”, his criticisms of their principal will persist. |
| Politics › Re: Food Crisis: Prioritise Investment In Agriculture, US Urges Nigeria by Konquest: 2:48am On Feb 22, 2024 |
iwaeda:Chairman of Cavista Holdings, Mr John Olajide, said that the multimillion naira investment in agribusiness was to ensure adequate supply of foods, improve nutrition, create jobs and foster community development. Olajide said that the crops of interest to the agro-allied farm were cassava, maize, and yam among others, saying that plans were afoot to commence the cassava revolution project in partnership with the Ekiti State Government to meet the rising demand for cassava chips in the export market and reduce post-harvest losses by at least 60 per cent. He said, “Agbeyewa Farm is meant to create value and transform lives. The main reason why we invested in Ekiti State is to create jobs and create opportunities for a lot of people. “We are doing experiments here with cassava to help farmers improve their yields. Those seedlings were given to the farmers to improve their lives and we incorporated the farmers into our outgrowers in our farm and do up to 10 hectares and get better yield. “One important thing is farmers struggle with access to the market. We’re working on the early stage of the cassava revolution project in partnership with the state government where we will get at least 100 hectares of cassava cultivated in the state. “It will reduce the over 60 per cent post-harvest loss, our goal is to eliminate post-harvest loss so that Ekiti farmers can create wealth through farming”, he added. |
| Politics › Re: Video: Wigwe Is Responsible For Dollar Crisis In Nigeria by Konquest: 2:35am On Feb 22, 2024 |
shortgun: |
| Business › Re: FX Crisis: Ban Crypto In Nigeria. EFCC, CBN Should Move Against Them - Onanuga by Konquest: 2:17am On Feb 22, 2024 |
olaxm:The U.S. government actions in the 2000s against money laundering and other crimes brought the older digital platforms called Egold and Liberty Reserve to an end. I had funds with those two platforms and lost my funds forever. The U.S. can do the same (with their economic allies) by disrupting the activities of crypto exchanges such as Binance based on threat assessments to the U.S. economic interests. 1 Like 1 Share |
| Business › Re: FX Crisis: Ban Crypto In Nigeria. EFCC, CBN Should Move Against Them - Onanuga by Konquest: 2:03am On Feb 22, 2024 |
fergie001:Impressive. It's the excessive greed of some people for higher profit margins via parallel market or the illegal black market rates sourced from USDT quotes on crypto exchages that's been leading to further depreciation of the naira. This has to be disrupted so this wild frenzy over in Nigeria ends. How can these people deliberately seek to destroy their own national currency through massive greed? The profits they've made is already enough and it's time to back down. The CBN too must put in place innovative digital apps or modalities to make it easy for nearly all Diasporan remittances to come into Nigeria instead of Diasporans using money transfer apps which does NOT enable more than 10 percent of the entire 20 billion USD annual remittances to get to Nigeria. Back in the day, Western Union and MoneyGram were very active, but with these new money transfer apps the dollars or hard currencies are kept by the agent while beneficiaries get paid in Naira. So, over 18 billion USD does NOT get into Nigeria... Only the Naira equivalent of that total sum does. Last but not least, CNG-KITTED trucks should immediately be released to agrarian epicenters of Nigeria to bring foodstuffs from agrarian communities from North to South and vice versa at cheaper prices due to lower cost cost of transportation since CNG is the cheapest of all the fuels at N200/kg. This would lower hyperinflation immediately. 1 Like 1 Share |
| Business › Re: Nigeria Is Not The First Country To Ban Crypto, Checkout 6 Other Countries by Konquest: 1:44am On Feb 22, 2024 |
InvestingExpert:Bump. 1 Like 2 Shares |
| Politics › Re: The Identities Of BDC Operators Arrested For "Transferring Funds To Boko Haram" by Konquest: 1:33am On Feb 22, 2024 |
2mercy:Last month, Malam Garba Shehu, Senior Special Assistant To The President On Media and Publicity, said the Federal Government had arrested some Bureau De Change operators who were facilitating transfer of money to Boko Haram terrorists. He had said some Nigerians transferring money to the sect from the United Arab Emirates (UAE) were working with the BDC operators. “Bureaus de change are facilitating money to terrorists. We have already worked with the UAE. Convictions have been achieved of Nigerians who are transferring money to Boko Haram terrorists and this also happens domestically. And I tell you that by the time we finish this investigation, the shocking details will surprise many Nigerians,” Shehu had said. Daily Trust had earlier reported that dozens of persons have been arrested by security agents in an ongoing nationwide crackdown on suspected financiers and collaborators of Boko Haram. This newspaper has now exclusively obtained a list of some of the persons arrested in connection with this incident. In Kano, traders at the foreign exchange open market in Wapa, Fagge Local Government, were picked up in March. Prominent among the BDC operators arrested in the state are Baba Usaini Abubakar Yellow (Amfani) Yusuf Ali Yusuf (Babangida) Ibrahim Shani, Auwal Fagge, Muhammad Lawan Sani (a gold dealer) Four of the arrested BDC operators are related to two persons jailed in Dubai last year on similar charges. Those arrested are being kept in military and DSS facilities in Abuja and other places. Multiple sources informed Daily Trust that the closely-guarded operation is being coordinated by Defence Intelligence Agency (DIA), in collaboration with the Department of State Services (DSS), Nigerian Financial Intelligence Unit (NFIU) and the Central Bank of Nigeria (CBN). |
| Politics › Re: Terrorism Financing: 180 BDC Operators Pay N900m Penalties To CBN by Konquest: 1:23am On Feb 22, 2024 |
Islie:Bump. A source disclosed to Daily Trust that an initial list of 957 suspects comprising bureau de change operators, gold miners and sellers, and other businessmen is being acted upon. Already, according to the source, over 400 persons have been arrested in a series of arrests in Kano, Borno, Abuja, Lagos, Sokoto, Adamawa, Kaduna and Zamfara. CBN slams N900m fine on 180 BDCs Speaking in an exclusive chat with Daily Trust, President of the Association of Bureaux De Change Operators of Nigeria (ABCON), Aminu Gwadabe, said each of the 180 BDC operators was made to pay N5 million penalty to CBN, amounting to N900m. “After engaging with the CBN and appealing to them, we were able to clear about 180 of our members who were asked to pay N5 million each as penalties. They have complied and are now returned to their legitimate business,” Gwadabe said. He said the clampdown activities are not new as “they started in 2020 as a result of the new intelligence gathering mechanisms” of the apex bank. The association’s president said the incidents are largely due to the carelessness of its members who engage in a transaction with someone they don’t know. “It is a KYC (Know Your Customer) issue, it is not that they are directly involved in the illicit use of foreign Exchange. Painfully, this is happening at a time that we are contending with sweeping generalisation and criminalisation of the activities of our members,” he said. Gwadabe said the activities of his members constitute a financial subsector providing over 25,000 employments and the association is doing everything within its means to change the narrative. |
| Politics › Re: Security Arrests Over 100 BDC Operators In Abuja As Naira Slumps To N1980 Per $1 by Konquest: 1:15am On Feb 22, 2024 |
OLAADEGBU:SaharaReporters learnt that the naira now exchanged for N1980 to $1 on the parallel market and N1780 on the official market as the swift decline continued amid the government’s clampdown on currency speculators. “The situation (of arresting BDC operators) has not helped either because the official rate has also reached N1780. Naira is still crashing,” a source familiar with the arrest told SaharaReporters. “Dollar reached N1980 to $1 today, prompting the Nigerian government to raid BDCs in Abuja to arrest over 100 BDC operators.” SaharaReporters earlier today reported that the economic situation had continued to worsen as the naira tumbled at the parallel market despite the clampdown President Bola Tinubu’s administration ordered on foreign exchange market speculators. The National Security Adviser, Nuhu Ribadu on Tuesday, directed operatives of the Nigeria Police Force, the EFCC, the Nigeria Customs Service (NCS) and the Nigeria Financial Intelligence Unit (NFIU) to go after forex market speculators as part of measures to stem volatility in the foreign exchange market. Ribadu, in a statement by Zakari Mijinyawa, Head, Strategic Communications in the Office of the NSA, said the office had to wade in at this time because some individuals and organisations had continued to undermine proactive measures of the Central Bank of Nigeria to stabilise the foreign exchange market and stimulate economic activities. Acting on the NSA’s directive, the security operatives swooped on BDC operators on the streets of Lagos, Abuja and Kano yesterday to raid unlicensed BDC operators. |
| Travel › Re: Sami Court: ₦115K Per Night Hotel At Abuja Airport by Konquest: 12:56am On Feb 22, 2024 |
| Politics › Re: The Dollar Has Been Weaponized And Would Be Used To Kill Us All by Konquest: 12:53am On Feb 22, 2024 |
nearline:Nicely put. |
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