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Nairaland Forum / Miyachi's Profile / Miyachi's Posts
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Politics / Re: All These Pistols Were Locally Fabricated In The Factory In Jos-NPF by Miyachi: 12:54pm On Mar 07 |
Forkthiefnubu:It is true. I could remember when I used to hear of Bukuru Technical College students making and selling guns in the early 2000s. It's been happening for a while. |
Politics / Re: Aiyedatiwa ‘Blocks’ Ondo APC Gubernatorial Aspirants From Meeting Tinubu by Miyachi: 9:35am On Feb 29 |
The governor was right, it was a private condolence visit but this sycophants look for any means to gain spotlight. |
Foreign Affairs / Re: Pakistani Wearing Dress With Arabic Print Almost Lynched To Death For Blasphemy by Miyachi: 10:47am On Feb 26 |
Honoredeblazac:They were ready to lynch the woman if not for the intervention of the restaurateur and police. None of them knew what was on the dress but they believed it to be blasphemous. A god that you have to fight for is not worth worshiping. 7 Likes |
Investment / Re: USDT Is Not The Same As US Dollar by Miyachi: 1:47pm On Feb 23 |
Procashtips:No it is not, don't talk about what you don't know. It is an independent body and doesn't answer to the President like the Nigerian Central Bank but Congress provides oversight. Do your research and stop spewing falsehood. How will you imagine that the whole Federal Reserve Bank is not audited, do you know what you're saying? I don't think there's any financial institution that is as scrutinised as the Fed. |
Investment / Re: USDT Is Not The Same As US Dollar by Miyachi: 1:35pm On Feb 23 |
Procashtips:You just make up stuff as you go, right. The Fed reports to Congress and is not a privately owned institution as you insinuate. It was established by an act so I wonder where you came up with that. Also the Fed is thoroughly audited by an independent firm so I don't know where you got that too. My advice is don't go pedling what you read in your bitcoin and crypto forums. Read and expand your mind, don't just regurgitate arguments you read online. You don't know the first thing about how central banks work and how money is created, start from there. |
Investment / Re: USDT Is Not The Same As US Dollar by Miyachi: 1:08pm On Feb 23 |
Procashtips:The Federal Reserve has auditors both internal and external. And per the FOI Act what ever information you're looking for, you can request. |
Investment / Re: USDT Is Not The Same As US Dollar by Miyachi: 12:30pm On Feb 23 |
Procashtips:By your logic, you shouldn't be keeping USDT then because it is pegged to USD. Do you need to audit the USD? |
Investment / Re: USDT Is Not The Same As US Dollar by Miyachi: 11:30am On Feb 23 |
PureFace1: OP has a point. USDT is just code, last I heard it hasn't been audited. No reputable firm is willing to audit their books, that alone should tell you a lot. Their are other stablecoins that have tanked in value causing customers to lose their funds. OP is just sounding a warning based on facts available. If you know what you're doing and choose to hold tether, what he is saying shouldn't bother you. |
Travel / Re: I Have Never Been To An Airport by Miyachi: 10:53am On Feb 23 |
DiamondJLove:'been' not 'being'. One is past participle, the other is present. There are people all over the world who have never been to an airport or flown on a plane. What you don't have you don't need. There's nothing to be ashamed of, well, except that you don't know the difference between present and past tense. |
Politics / Re: Saraki: We Were Portrayed As Enemies When We Demanded Transparency From Buhari by Miyachi: 2:16pm On Feb 22 |
ddippset: It is people like you that are the problem of Nigeria. Of all the things you mentioned up there, please tell me which of them is the constitutional duty of the Senate President or a senator. It is such shortsightedness that bedevils the citizenry. When you don't even know that these people are meant to represent you and put the executive in check, they can get away with being ineffective and giving people like you peanuts to sing their praises. 1 Like |
Business / Re: How Binance P2P Contributes To The Plummeting Naira Value by Miyachi: 10:24am On Feb 22 |
jeejo:You have no idea what you're talking about. For one CBN doesn't set the dollar price anymore, the naira has effectively been 'floated'. When the price drops in the official market, it is market dynamics at play. On market manipulation, it happens in every market but from what I've noticed with the trades on Binance I don't think it is the case. Daily volume is usually less than a million USD. Even at yesterday's sell-off the volume was just 2.6m and that's the highest daily volume. Individual trades are usually less than 10k USD, that's not how market manipulation is done. The problem still remains that we cannot sufficiently satisfy demand for fx by retail and institutional customers. CBN is grasping at straws just as they did with AbokiFX. If we had a robust fx market where demand is adequately met, I don't think 2.6m USD can manipulate it. |
Career / Re: At What Point Did You Realise You Were In The Wrong Profession? by Miyachi: 1:04pm On Feb 21 |
The question should have been: "At What Point Did You Realise You Were In The Wrong Country?". My answer is above. 11 Likes |
Business / Re: International Breweries Shreholders Meet, After Six Years Of Posting Losses by Miyachi: 1:08pm On Feb 19 |
Parydelegate:I don't think that is what they announced, from what I understood it seems to be a stock split. |
Politics / Re: Showdown Looms At ICPC As Dissolved Board Members ‘stage Comeback’ by Miyachi: 1:01pm On Feb 19 |
Corruption is endemic to Nigeria. The worst part is that there is no patriotism, everyone is out for his pocket. 1 Like |
Politics / Re: Dada Olusegun Blames Media For Sharing Photo Of Tinubu Sleeping At AU Session by Miyachi: 11:42am On Feb 19 |
Tajbol4splend: What subsidy? Subsidy that is back and worse than in the previous administration? Didn't you read that the landing cost of pms is above a thousand naira because of the forex crisis? The naira devaluation isn't something silver bullet, there is no silver bullet but this incompetent administration keeps pushing that narrative to the gullible. There's nothing you've said in your post that is sensible, just the gibberish that his bootlicking supporters keep pedling. If his policies were working, everyone will be singing his praises but it is quite the opposite. 1 Like |
Business / Re: Can't Send Dollars To Nigeria Any More by Miyachi: 5:49pm On Feb 09 |
hafeeanubasy:Don't deceive yourself, you know the CBN governor is in over his depth. He had 5 months and the currency is in free-fall, while the economy is in shambles with no clear policy direction. Do you think it is diasporic remittances that will shore up foreign reserves? You removed import bans knowing fully well you couldn't even satisfy forex demand as they stood, what were you expecting? You can't stabilise your currency and you don't expect people to hedge their risk? Should Nigerians continually suffer for their incompetence? Please, show me one policy or decision that shows these people know what they are doing, just one. 2 Likes |
Business / Re: Can't Send Dollars To Nigeria Any More by Miyachi: 1:39pm On Feb 09 |
Throwback: Last time China devalued their currency they did so on their own volition. This was because they were battling an appreciating currency that was making exports expensive. China still intentionally pegs it currency lower than it's actual value to encourage exports. The United State's strong currency discourages exports. Why do you think almost everything is made in China? Our Nigerian problem is a peculiar one, we have a highly devalued currency that should make our exports competitive but we don't have anything to offer. That should be what the present administration should be working on. They should be pondering on how the can shore up foreign reserves and stop borrowing. Cutting unnecessary government expenses but no, they prefer to slap band-aids and carry on business as usual - the business of looting the treasury dry. 2 Likes |
Business / Re: Can't Send Dollars To Nigeria Any More by Miyachi: 1:17pm On Feb 09 |
Throwback: I love it when people who have never left the shores of Nigeria suddenly become experts in international monetary policies. Even in Communist China you can buy and sell goods in USD and save your money in the bank in USD. What they should be thinking of is how to clear the outrageous foreign debts taken by the previous administration and generating new sources of income. Instead they go about stealing people's money. 2 Likes |
Business / Re: Banks To Pay Customers Money Sent From Abroad In Naira by Miyachi: 9:41am On Feb 09 |
Nbote:Banks keep accounts with the CBN and these are not necessarily customer funds. What the CBN asked them to do was to dispose of their own dollars. I guess the rationale behind that was to increase liquidity since the usd kept as balance wasn't being put to economic use. There is no logical reason for this policy asides stealing from Nigerians. |
Politics / Re: Police Officers Cry Out As Soldiers Attack Police Base, Injure Officers In Jos by Miyachi: 8:26pm On Feb 07 |
Yujin:That word doesn't mean what you think it does. |
Politics / Re: Most Of The Kidnappings You Read Online Are Staged And Fake - Police PRO by Miyachi: 9:10am On Feb 03 |
nairalandkachy1:This guy sure has a knack for controversial statements. 5 Likes |
Celebrities / Re: Why I Don’t Like Kissing In Movies – Laide Bakare by Miyachi: 9:07am On Feb 03 |
malcom1X:First thought that crossed my mind. It just sounded soulless. 1 Like |
Agriculture / Re: Maintaining A Clean Pig House In Modern Pig Farming (video/pictures) by Miyachi: 7:33pm On Jan 30 |
obataokenwa:I was just thinking this. Pigs love digging up dirt and bacteria is essential to their growth. They need to exist in a symbiotic state otherwise you're going to have an absence of normal immune function. You'll end up having to keep feeding them antibiotics. 1 Like |
Travel / Re: Pelumi Nubi On A Solo Trip From London To Lagos By Car (Video) by Miyachi: 5:58pm On Jan 30 |
I hope she's privy to the fact that it's illegal to drive a RHD vehicle in Nigeria. Checking the relevant traffic laws of the countries she's going to traverse will do her good. |
Politics / Re: Tinubu Directs Crude Oil Sales To Be Handled By CBN, No Longer NNPCL by Miyachi: 3:58pm On Jan 29 |
Babangidapikin:It is a public company wholy owned by the Nigerian government. So I guess the owner gets to choose how business is carried out. 3 Likes |
Car Talk / Re: You Shouldn’t Own A Car If You Are A Tenant — Financial Guru Advises Nigerians by Miyachi: 12:04pm On Jan 26 |
Financial experts giving one-size-fits-all advice. A car is not a luxury item (usually). In a country like Nigeria with poor transportation infrastructure, if you have the means, please do get a car. Wether or not you're a tenant is not a precondition. 9 Likes |
Politics / Re: Olusegun Dada Replies Atiku, Explains What "Project Gazzelle" Is by Miyachi: 7:47am On Jan 26 |
All this long English. It is simply a futures contract where a buyer pays today for goods to be received tomorrow, and from the elaborate explanation I'm sure we're holding the short end of the stick. |
Crime / Re: "I Am An Armed Robber, Not A Kidnapper" - Chinaza Philip Okoye. by Miyachi: 8:31pm On Jan 24 |
But you were caught kidnapping someone Chinaza, try dy get sense. 4 Likes |
Car Talk / Re: What Advice Will You Give This Driver? by Miyachi: 8:05pm On Jan 17 |
Olaolex:No gree. 2 Likes 1 Share |
Politics / Re: Kano Gov’ship: ‘you Lost But Made Moves To Hijack Power,’ Sanusi Mocks Ganduje by Miyachi: 5:56pm On Jan 17 |
tuoyoojo: The nostalgia this brings. |
Politics / Re: Supreme Court Reserves Judgment In Nasarawa Guber Legal Battle by Miyachi: 4:08pm On Jan 16 |
Nokio2:Nothing will happen. What happened in Kano and Plateau states. Is Nasarawa more volatile than these states? |
Crime / Re: Photos Of Lady Who Stabbed UNIJOS Student For Playing Loud Music by Miyachi: 10:50pm On Jan 14 |
honour7:When you hold someone somewhere against their will - no matter how little the time - that's kidnapping. The courts don't care about your emotion. I don't know where you read that it happened in her apartment. The fact that he did not report the case to the police does not mean she's immune from prosecution. You just make shit up as you go, don't you? Have you ever been to court? If he hires a good lawyer he could make at least 2 of those charges stick and some more. |
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