₦airaland Forum

Ibime:
I have. I no get that Kain connection for Lag

Not necessarily Lagos sha.

Itsrm:
Thought you were advising us to buy the dip

😂😂😂😂

Ibime:
Let's blame change in offside rule that has not even been implemented and may not be

This amala is being turned with pneumatic drill

Please check your DM

Itsrm:
Now you see the point I was making the other time. They are very happy to keep the exchange rate as it is now. Any attempt to force it down, they have to continue forcing it. This will put pressure on the reserves in no time.

Until the CBN has more than enough liquidity, the rate will stabilize around 1400 - 1600

Itsrm:
No, you can only sell to them. You can't buy.

So what's the essence, they can collect $$ and dont want to sell? Is that not ment?

Been a while we've seen Amoto here. I hope he's okay?

Itsrm:
There was even no time dollar fell to 1400 yesterday. Just ignore the sensational headlines.

What happened was that Abokis were syphoning dollar from mugus at 1400 and selling it at 1500.

Banks were still doing 1500 yesterday if you sell to them and some foolish people were selling to Abokis at a 100 naira discount. Even the official rate on NAFEM closed at 1492.

Anybody wey carry him dollar go sell for Aboki dey whine himself. The official exchange rate is already competitive and transparent, who Aboki chop, na them sabi.

OasisX:



SAD NEWS: The Central Bank of Nigeria (CBN) has cleared the $7 billion foreign exchange (FX) backlog inherited by Governor Yemi Cardoso.

This move fulfills a key pledge on his appointment and signifies a significant step towards restoring confidence in the economy.

In a statement on Wednesday, CBN’s Acting Director of Corporate Communications, Mrs. Hakama Sidi Ali, confirmed settlement of ALL valid FX backlog claims.

External reserves have seen a significant rise, reaching $34.11 billion as of March 7, 2024, the highest level in eight months.

Cardoso just showing workings on a steady.

Na thunder go fire Emefiele

iamoyindamola:
Are they going to arrest these guys

I believe so. Like 3 of them are already in court

OasisX:
BREAKING: FG reveals names of terrorism financiers

The Nigerian Sanctions Committee on Monday revealed the identities of nine specific individuals and six entities that have been recommended for sanction following their involvement in terrorism financing.

The nine individuals under sanctions are:

1. Tukur Mamu
2. Yusuf Ghazali
3. Muhammad Sani
4. Abubakar Muhammad
5. Sallamudeen Hassan
6. Adamu Ishak
7. Hassana-Oyiza Isah
8. Abdulkareem Musa
9. Umar Abdullahi

The six BDCs and firms are:

10. West and East Africa General Trading Company Limited
11. Settings Bureau De Change Limited
12. G. Side General Enterprises
13. Desert Exchange Ventures Limited
14. Eagle Square General Trading Company Limited
15. Alfa Exchange BDC

Top of the list of individuals named in the document was a Kaduna-based publisher, Tukur Mamu, who is currently being tried by the Federal Government for allegedly aiding the terrorists who attacked the Abuja-Kaduna train in March 2022.

According to the document sent to Punch, Mamu “participated in the financing of terrorism by receiving and delivering ransome payments over the sum of $200,000 US in support of ISWAP terrorists for the release of hostages of the Abuja-Kaduna train attack.”

The document said one of the individuals is “the suspected attacker of the St. Francis Catholic Church Owo, Ondo State on June 5, 2022, and the Kuje Correctional Centre, Abuja, on July 5, 2022.”

Another was described as “a financial courier to ISWAP Okene. She is responsible for the disbursement of funds to the widows/wives of the terrorist fighters of the group.”

According to the document, another of the individuals “in 2015, transferred N60m to terrorism convicts.”

He was also said to have “received a sum of N189m between 2016 and 2018.”

The same person is said to “own entities and business reported in the UAE court judgment as facilitating the transfer of terrorist funds from Dubai to Nigeria.”

Another was said to have “had a total inflow of N61.4 bn and a total outflow of N51.7bn from his accounts.”

The document further revealed that, in accordance with Section 54 of the Terrorism (Prevention and Prohibition) Act, 2022, institutions and individuals are required to:

“(a) immediately, identify and freeze, without prior notice, all funds, assets, and any other economic resources belonging to the designated persons and entities in your possession and report same to the Sanctions Committee;

“(b) report to the Sanctions Committee any assets frozen or actions taken in compliance with the prohibition requirements.

“(c) immediately file a Suspicious Transactions Report to the NFIU for further analysis on the financial activities of such an individual or entity; and

“(d) report as a Suspicious Transactions Report to the NFIU, all cases of name matching in financial transactions prior to or after receipt of this List. ”

It said, “The freezing obligation required above shall extend to

“(a) all funds or other assets that are owned or controlled by the designated persons and entities, and not only those that are tied to a particular act, plot, or threat of terrorism or terrorism financing;

“(b) those funds or other assets that are wholly or jointly owned or controlled, directly or indirectly, by designated persons or entities;

“(c) the funds or other assets derived or generated from funds or other assets owned or controlled directly or indirectly by designated persons or entities; and

“(d) funds or other assets of persons and entities acting on behalf of, or at the direction of designated persons or entities.”

Ribadu might actually be one of the best NSA we have had in recent years.

OasisX:


.....NLC jez dey cook Abure led Labour Party anyhow. LOL!

Who go settle this fight bayi?

iamoyindamola:
Like these fools will rather carry insignificant stuff for head
Never seen this kind of people before

Its well.

OasisX:
🤦‍♀️

......the more the allocation, the more our Governors are wasting money on frivolities.

Sigh!

Foolish fools.

Cant build schools for the teeming out of school children but can use billions to feed people for 1 month.

Sportsweb:
sent you a mail

Replied chief.

Sportsweb:
Please can you link me to the group. Thank you

You can send a DM but please know that I am.not the owner of the group neither I'm I affiliated to him in anyways, whatever trade you pick or decide to engage from the group is from your own understanding of the risks involved.

In simple words, my hand no dey oo

Ibime:
Crypto has changed immensely in the last 5 months since Solana took over meme coins and bot trading become prevalent. 95% of degens rug within 6 hours now so be careful

You are right chief. They use BonkBot and UniBot in the group that I'm in. I havent traded memecoin till now sha.

I sent you an email.

izzou:
[color=royalblue]

And una dey drag Chuddy for wetin him do with MMM?[/color]

Na wetin dey happen fir degen trades be that oo. Once the hype does, Otilor

Itsrm:
Na that degen trading gan gan money dey

I no get time for all those testnet airdrops that may turn out to be a waste of everybody's time.

Mrbanks is trying. I'm also in his group. I have noticed that if you can jump into a coin immediately he posts it, you can quickly make some decent money under 5-10 minutes 7 times out of 10. Timing here is very key.

Yes timing is key as if you slack, you don jonze be that.

izzou:
[color=royalblue]Let's create our own coin

ObidientCoin.

We go hammer![/color]

The funny thing is that a group of people can create the coin and then hype it on Twitter.

Run it up to like $10m - $15m Mcap and while men slept, them go rug the project.

raumdeuter:
We all have that friend who any new scam he is always drawn to it

When you think back he has been involved in more than 5 shady investment and keeps learning about new ones

These are the type of people who want quick money and didnt learn from the last mistakes

itsrm, True talk, don't do it. I have only heard terrible things about crypto, I have a friend who lost about $90k on crypto

Everyone will be like always be the first to enter and get out first just like every ponzi

That last line is very correct especially as it relates to memecoin, na first to enter and first to take profit.

Away from memecoins though, he can just buy some altcoins or even get in on btc while its dipping and lock up.

Itsrm:
Those influencers are the funniest. They will start by updating you every 10 minutes how you would have been on 100% profit if you bought when they made the call.

Then you'll suddenly notice they have stopped updating. When you check out the coin, it has been rugged

The group I shared with you, the guy dey try sha. Most times he drop degen trades at low mcap. I'd rate his degen calls 70% of the time as long as you are not greedy though me I havent traded degen yet sha. I still dey farm airdrop for liquidity.

Once you see influencers hyping up a coin and you check the mcap is over $3-5m mcap already, na those wey them go use do exit liquidity them dey find.

Still surprised "dogwifhat" has lasted this long though, I saw when MrBanks called the coin at less than $10m mcap and it's over $500m mcap already.

Likewise another memecoin called dogwifhat has made alot of people multimillionaire. The coin is at over $500m Mcap.

No utility, no use case, nothing. Just hype and FOMO. Alot of people will end up as exit liquidity on that coin.

Itsrm:
Yes, I joined. Also joined some other ones. I'm following this guy on twitter @zachxbt so I have a very good idea how the scam operates.

My goal for now is 30%-50% increase and I'm out.

None of that 2x or 1000x for now.

I'm also prepared to lose the entire money, that's why I'll be starting small. We kuku dey borrow people money and they won't pay back. I'll just assume it's another borrowing gone bust.

Amazing. I suggest you stay clear of degen trades for now though.

GloriousGbola:

https://www.youtube.com/watch?v=g6iDZspbRMg?si=7XNO2VsK-PoEI0HF

Fun fact doge coin started as a joke. It is the OG meme coin

Last weekend a memecoin called "MUMU" went on a run to over $5m MCAP. As expected within 5hrs later, they rugged it.

raumdeuter:
No oh. Lailai. I don't understand it and everyone that I've asked to explain it to me does not seem to understand it too

So I stay away

Make Oga Ibime come explain for you now.

Itsrm:
Everywhere you see 3 to 4 guys gathered these days, chances are high they are discussing crypto.

Will be buying with some small money tomorrow to test the waters. If I perish, I perish

Did you join the group?

If you want to start trading meme coins, you gats use your head and not be overtly greedy. 99% of memecoins always end up getting rug so most times it's usually first come first take profit kind of thing.

iamoyindamola:
I never even start the series, i can't even relate the characters yet
My own is to drop link

😂😂😂😂

4444

obainojazz:
Would you recommend cash or finance for your dream car or mix of both?
I’m all for cash but I don’t see why one should put all that money for a car.

Nigeria way of life never leave you.

Na only for Nigeria everything must be cash.

Roland17 please check your mail.

OasisX:
Press Statement:

Voice, Data Services Affected by Undersea Cable Cuts Restored

Following the disruption on March 14, 2024, which affected data and voice services due to cuts in undersea fibre optics along the coasts of Cote d'Ivoire and Senegal, we are pleased to announce that services have now been restored to approximately 90% of their peak utilization capacities.

All operators who were impacted by the cuts have taken recovery capacity from submarine cables, which were not impacted by the cuts, and have thus recovered approximately 90% of their peak utilisation capacities.

Mobile Network Operators have assured the Commission that data and voice services would operate optimally pending full repairs of the undersea cables as they have managed to activate alternative connectivities to bring back the situation to normalcy.

We extend our appreciation to telecom consumers for their patience and understanding during the downtime caused by the undersea fibre cuts.

Signed:
Reuben Muoka
Director, Public Affairs
18th March, 2024

MTN is going well now.

diggz:



Dayo….wahala too much! Na so him dey take run from settling boys. I dey find am go amelica go collect my share soon

Your doings sef too much. Egbon Dayo get double barrel for house o.