₦airaland Forum

dapsoneh:
The best performing Governor in Nigeria right now
Argue with your keypad

He really looks like Muyiwa Ademola

Some people will be very sad with this news

Ogunlesi just took Obi to the cleaners with this robust response

To the “I’m Yoruba but…” I hope you can see your folly in full glare. Self-preservation is important in this contraption but it seems only Yorubas don’t know this yet. Many of the current generation of Yoruba youths would have sold themselves into slavery without knowing, if not for those of us who kept guard

Lol. So the whole vote Obi "to save Nigeria" was nothing but a vote Obi "to give us Igbo presidency"
Well, even in the unlikely event that this bill scales through, Obi can't still win in 2027 or any other time, as long as he's not running unopposed. Even if he runs unopposed, I still don't see him winning

What a dumb sickly generation

I hope another Chinasa won’t burn this down in the name of End Sars

I wonder what Seun Osewa has to say about this economic gaffe from his candidate

Igbo votes sure for you in 2027, no shaking!

My only concern is why certain monikers dedicated to monitoring exchange rates, only report news of naira depreciation but never those of naira appreciation

LMAO 😂
After Tinubu beat them to their own game. The protest failed to achieve their aim of violence, hence, they had to call if off. Tinubu na man you be!

Mtcheeew …. He should go and check the 900,000 capacity Umuahia arena Otti built in Abia, to be commissioned by Obi

casualobserver:
Ibos are not protesting publicly because they stand to lose the most if any riots get out of hand. They are the ones who earn their living and have the majority of their investments outside Ibo land. If riots get out of hand such that they are forced to return to Ibo land, there is nothing there to return to. So this idea that Ibos are not protesting is not what it appears on the surface.

Furthermore there are different types of protest. Silence is also a form of protest especially if the silence is from someone who normally protests.

Furthermore when Igboho talks about invasion, he should look around him and see who are those who have really invaded yoruba land. Not all invasion is violent, there are those who invade with cows and kill farmers but there are those who move in among you in numbers, take over your businesses and lands by legal acquisition and want to determine who becomes your governors and representatives……..sometimes the most dangerous invasion is the silent invasion.

@bolded. God bless you for standing out among these current generation of gullible and ignorant Yorubas.

Pains!!! Motherfucker 😂😂😂
The election loss pain Igbos pass the civil war 😂

IPOB, your nemesis is coming to town! What an opportunity to walk all your online talk

No Igbo should enter those buses, we must show them we're not the richest people on earth by mouth. Only afonjas and their almajiri cousins should be found anywhere near those buses

They're trying to bribe us after Obi spoke out. We don't need it, the Ebinpawa of SW needs it more. It's Beerfra or nothing!

Tap0lane:
Why are Igbos that always create thread of tumbling Naira not posting this update or they are born to only post update when Naira tumbles.

ogododo left the chat

While MNK remains in the gulag eating watery beans
The zoo must fall

Ọkọọkan l'ọmọ ọwọ nyọ

Gbarebo should get an Igbo deputy to run with in 2027 and see if he doesn't win

agabusta:
Apt.

I keep telling them this, they keep replying with insults claiming that one is an agbadorian claiming to vote for Obi. The support he had in the last election among the yorubas, he has lost it through their unguarded statements. The support is immense and heavily under quantified.

It is Peter Obi I pity, because he seems to be heavily investing in his political future, with the way he's maintaining a presence as opposition leader, donating here and there and maintaining a media team. I pity him as his obedients has done irreparable damage to his candidature. He'll get less votes and support in the next election. People are free to bookmark this.

The unique thing with Nigeria's political space that some people are still failing to come to terms with is that you cannot do it alone. No matter how vocal and sound you are. You need the ample support of at least 3 other regions if vote sharing comes to play. But if not, you need the ample support of 4 regions to win the presidency if its a 2 horse race. Basket mouth will always damage the credibility and trustworthiness of a candidate.

My brother, let's even leave the insults and insolence of Obidients aside, was there any outstanding quality and achievements of Obi that stood him apart from the other frontrunners? Absolutely none!
His performance as governor betrays all the hype around him, all that happened with the hype was nothing but the marketing genius of Igbos at work, packaging an inferior damaged product as original, but sadly some people fell for it.
For me, I've come to bring to question the intelligence of any non-Igbo adult(above 35) who identifies as an Obidient because there was absolutely nothing to sell him with asides tribal/religious solidarity

In the voice of Obidunces, "Nigeria happened to him"
RIP young man

jeejo:
I understand that what I am about to explain will earn me insults from a selected few individuals because the same culprits are active here on Nairaland, so I am ready for that as well.

If you go to Binance P2P, there is a heavy manipulation going on there, and from my deductions, most of the big Binance P2P Merchants are united in carrying out this manipulation. Some of them even have over 2 Million dollars worth of USDT in their Binance P2P Funding which begs the question whether these people are truly Nigerians or probably foreigners making money from destroying the Nigerian economy.

Many people might not understand the strategy these merchants use, therefore, I will try to break it down.

This is how the manipulation works:

1. Lets assume that the Naira to Dollar is currently exchanging at the Parallel market for 1,500 Naira. On Binance P2P, the group of Merchants will create multiple fake ads claiming that they will buy your USDT for 1,700 Naira(way above the parallel market price). I call these ads "fake" because they will set a minimum limit above 5Million naira, which means if you want to sell your USDT to them at this exorbitant rate that they created, you must be selling a usdt value worth over 5Million Naira at once. This strategy works in filtering out majority of average Nigerians that want to sell their USDT to these Merchants. Meaning these fake ads will remain at the top of the p2p "sell" section for as long as these group of Merchants want it to remain. And if by chance someone who has enough USDT to meet the minimum limit decides to sell to these merchants, they will simply cancel the trade, and create another ad.

2. Now because these group of merchants have filled the P2P "sell" section with these fake ads claiming to buy your USDT at an exorbitant rate of 1,700 NGN, they have automatically shifted the P2P price of Naira to USD to 1,700 Naira, and now they will be selling their USDT to the public under the "buy" section above 1,700 Naira. Now - unlike the fake ads they created with a minimum limit that is above 5Million Naira to discourage sellers for selling to them at this high rate - when they are selling their USDT at this already manipulated price, you will find limit as low as 4,000 Naira because they want to sell to the Public at the exorbitant price they created.

Binance P2P is the new AbokiFx where BDC operators get their current price of Dollar from. The fake price originating from there is in turn used by the BDC operators to set their Dollar selling prices even without any corresponding demand. But the interesting part is that these BDC operators won't buy from you at any rate close to the exorbitant price they are selling the dollar to you.
Here in Benin city, even though the parallel market price of Naira is above 1,600 Naira, the Abokis hardly buy your dollar for above 1,500 Naira but they will sell to you only above 1,700 Naira.

Some people might argue that if Binance is to blame, how come the official exchange rate is now above 1,500NGN to 1 USD? The answer to that is simple. Each time the rate in the Parallel market moves up, the CBN is forced to also adjust official rates upwards in order to close the gap between both windows or else the black market rate will be too wide that it will create an irresistible opportunity for round-tripping.

There is a huge rot in the entire BDC system in Nigeria that I don't think this CBN governor has any idea how deep it really goes.


Update: It appears the Nairaland moderators in business section do not like this post because they banned my alternate Moniker for 4 days after making this post there.

As per your last sentence, the nairaland mod that banned you is probably one of those profiting from the ongoing racket.
God will bless you beyond measure for exposing these agents of darkness and economic saboteurs

She ain't seen nothing yet, she should just continue being Obidient. You can't be Obidient and be sane

They shouldn't stop at that, they must compel binance to delist the NGN/USDT pair. That will be the final nail

More like, continue enjoying your blackouts

Wasn't it this same woman who claimed Tinubu can't hold a teacup? Well, only Obidunces will believe this

Judolisco:
Iswr some people go dey vex with dis good news

Lol ....we know them

nairalanda1:
No we were not. By the end of gej regime, oil was still our major earner and tax to gdp was still low.

Oga, you are looking at someone who thinks all Nigerian leaders since independence were bad. And you are looking at someone that has no love for apc or pdp.

We are an oil dependent nation. And until we get back to when oil was just one of many things we produced the better.

Yes pdp was trying diversification,but at the end, oil was still at 80 % of our revenue. Even apc too is trying to diversify and failing badly. Under both parties we have lost billions to illegal mining. Rice pryamids were a scam. We went up to fifth cocoa producer instead of the second we used to be

And most of our economy still relies on oil.


Look, stop worshipping any politician. Okay?

lol. Who is worshipping any politician? I just hate half truths and selective persecution. The truth in its entirety must be said at all times, no matter whose ox is gored, no in-betweens

nairalanda1:
In 1996 , 97% of our govt revenue came from oil

Now it is 80%. A reduction, but still bad.

Oga, I am not attacking your party. This issue is far older than you think. Infact under ibb there was a lot of discussion about it.

Not everything is gej and buhari tinubu, oga.

I don’t care if you attack “my party” but at least, stop being clever by half by making it seem Nigeria was on the right track with economic diversification until Buhari, Tinubu and APC came. You talked about our failure to diversify, and you mentioned APC as the sole reason, did we have economic diversification under PDP?