olax02:
if dem like make dem ban the site. We go access am through VPN.

You're one of the saboteur.. Greedy fool

AntiChristian:
We are always looking for ways to frustrate government policies!

We need to purge ourselves of corruption as its not only common with the leaders!

Silly policies you mean?

It’s very clear this government have lost focus

This is not the way out for falling naira.
Nigeria should join brics, make currency swap deal with China, trade your crude oil in naira, liquidate all customers bank dollars account to naira at a determined cbn rate, proscribe all bureau de change as a terrorist, ban the importation of petroleum products, allow few importation of food stuffs for a period to crash the market prices, block the north from using food commodities to play reverse politicism on the south.

I didn't bother to read the article.
.By going after them, it just displays how incompetent the CBN governor is.

He is doing all he can to stabilize the Naira but he is getting nowhere.

omoredia:
Instead of u to ban BDCs and stop selling FX to them. BDC have more dollars than the CBN as we speak and the CBN is still selling dollars to them

wait o. But no different between BDC and Binance na.. . U can buy and sell dollars from BDC, you can also do the same with binance too... so you are supporting them to ban BDC but not supporting them to Ban Binance

adioolayi:
Go after Banks MDs..

State Governors ...

Big corporations...

These are the ones into round-tripping

until de hold those that are selling currency to bdx na dem there problem go begin solve,transaction going on between bdx and there customer's pass wetin de go on binance but this clueless werey know that de are the one doing all this for there favour,politicians way pack dollar for house the happy on dollar rise but de will keep confusing Nigerians to make it look the are working against nd want solution for such...fear Nigeria politicians and banking sector,after woman fear this people

oliverwrites:
Don't just type for the sake of it, analyse things properly. Only thus morning two bureau de change guys quoted me 1780 and 1790 to sell $1,000. On binance, it is currently 1890. Why the 100 naira difference?

Binance knows what they are doing but your hate for the government isn't allowing you see clearly.

oga no be binance be the problem,na binance cause Venezuela and Zimbabwe own,or binance no dey de country, omo transaction way de go on bdc pass wetin de happen on binance,seems like you don't understand dis bdc guy nd money way dem de get,ask mompha,some ppl de transact 4million dolls daily with this guy even though he no legit ooh as ppl claim,but him burea businessis registered nd legit,this is just mompha,or do u think that politicians that pack dollar for house no happy as dollar the rise or aboki no go chop again,which other business dem de do...am into crypto yes but no b binance b de cause,ur politicians know wat de are doing,forget all dis bro,niggaz de run una street

If dollar remains a scarce commodity it'll continue to skyrock in value, therefore, make it available in the banks so anyone won't have reason to patronise BDC

Elliotwaveforec:
Don't plan, just do the needful immediately! Block Binance, Kucoin, and other crypto exchanges now. The manipulation is too much.

Well said. Personally I think Government should bring both bdcs and crypto platforms under control.

Bdc and crypto platforms should only quote rates approved by the government.the manipulation by these elements is too much.

If cbn rate is 1,000. Crypto platforms and bdc should quote a rate with a maximum premium of 5%, in this case 1,050.

FourQu:
Eh chai I pity people from the crypto thread in the nairaland business section

They were so happy this past week about their bull/bear pip tinz, Sootey ilegend dey brag with his binance screenshots upandan now this?

Eiyaah! Tinubu is about to happen to them BIG TIME

that guy na werey they won commot feeding bottle for him mouth now

I tell am sey this thing must reach everybody he sey na lie, sey everything go soon normalise

Britishpea:


It’s obvious you don’t know Nigerians. You don’t know what sabotages do in Nigeria. You must think Government hate the citizens at all times to not allow their own policies to work. No one sets out to fail some people frustrate them.

There are so many criminals in Nigeria hiding under some canopies. Govt can’t succeed if they don’t have the support of the citizens. People criticize them over everything without lauding any of their policies. The critics mostly are sponsored by the ones eating from the rots. And influencers have their ways of piercing through the minds of the weaklings.

Binance is used for money laundering fyi. Crypto firms mostly make their money from it. So BLord made so much money by selling and buying bitcoins ? Dey play!

Why did USA ban liberty reserve and e-gold back then?

u say blord made his money from buying nd selling crypto...u no serious shaaa,no be every thing I go yan u shaa,I stay fr Anambra for year nd I often go to awka nd I know wat is going on there shaaa,let me giv u hint small, u see btc investment fraud,all dis btc boys u de hear....Benin nd delta de learn work where awka boys de bro, fr btc level, as in dem de suck breast were awka boys dey,na were I go school shaa

Lekan239:
wait o. But no different between BDC and Binance na.. . U can buy and sell dollars from BDC, you can also do the same with binance too... so you are supporting them to ban BDC but not supporting them to Ban Binance

how can u ban binance wen u.s no fit,the one dem ban boys use vpn the tear am de go

oliverwrites:
Don't just type for the sake of it, analyse things properly. Only thus morning two bureau de change guys quoted me 1780 and 1790 to sell $1,000. On binance, it is currently 1890. Why the 100 naira difference?

Binance knows what they are doing but your hate for the government isn't allowing you see clearly.

Is USD being traded on Binance, or what exactly is your problem? Is USD the same thing as USDT?

Geovanni412:


You mind them

They forget that they banned crypto for months under Buhari

And nothing changed

How do they intend to block binance when it has no office address?

The best they can do is to tell Binance to discontinue business with Nigerians and even at that, we go still find way run am via back door.

It become more stable after Buhari banned it tinubu
Allowing crypto without planning for it

yemmywesey:
This is not the way out for falling naira.
Nigeria should join brics, make currency swap deal with China, trade your crude oil in naira, liquidate all customers bank dollars account to naira at a determined cbn rate, proscribe all bureau de change as a terrorist, ban the importation of petroleum products, allow few importation of food stuffs for a period to crash the market prices, block the north from using food commodities to play reverse politicism on the south.

The government need to see this if all this is done things will calm down

Current Government is facing Economic saboteurs it happens in eventual government so you loose election

Failures in government always looking for who to blame for their failed economic policies

CelestineNelson:
Let the Crypto world hear me...your illusionary investment is about to be touched ...

Wise one, can you please speak in plain terms that ordinary people can understand? How does it work?

kiddkash:

The gap between official and black market has always been minimal, every country in this world has official and black market.
Floating the economy means letting the market forces determine exchange rate and this just proves that our GDP is very low so is our MPS
Imagine if this was done by Jonathan and our economy took this huge nose dive, just imagine what the opposition would be saying right now

As at the time Buhari left government ment, official rate was like N436/$1 while p2p was about N830/$1 a gap of about N400. It promotes round tripping. Merging the two rates is the best I'm my own opinion. It's time to now treat other factors that kept dragging Naira down. But he did the first thing to do

There's not a single thing the Nigerian government can do to 'ban' Binance, other than to block access to the app - same thing it did to twitter.

And anyone savvy enough to be a Binance user is savvy enough to install even a free vpn to bypass that restriction.

Already, Binance and other crypto exchanges cannot exchange crypto to Naira Fiat in Nigeria, so p2p is the only way. So what exactly can government do to stop p2p trading?

Besides, is it only the dollar that is rising unchecked? What of GBP? What of EUR? Is there any stable coin on Binance that is tied to these currencies too, or would you also blame Binance for these as well?

Rather than face the source of the forex crisis, these fools are busy chasing shadows.

These clueless bastards in the APC who have wrecked Nigeria since 2015 to date need to have their heads checked.

tuzle:
I doubt it is. Binance isn't the major reason why naira has been depreciating against dollar and won't stop when it is blocked. Under buhari we had binance and the naira didn't get dis worse.

It's a major contributor, forex trading and crypto dwells on speculations as there are no known foundermental to that business. On daily basis, Nigerians buys huge amounts of dollars from the black market to do trading or convert stolen Naira into dollars and hide it in Crypto.
In the alternative, Binance should register as a Nigeria business so that the Dollar being traded reside in Nigeria rather to Dubai or USA.

AntiChristian:
We are always looking for ways to frustrate government policies!

We need to purge ourselves of corruption as its not only common with the leaders!

Lame. A government that is on its own determined to frustrate itself, doesn't require anybodys help to show their hopelessness.

Nbote:
At this point, it is very very very very clear that these people are very very very very clueless. This is what you get when you bring in relics as leaders. Is Nigeria the only country using Binance? How can anyone who isn't a slowpoke claim Binance is a sophisticated heist against the economy? Your borrowings, your cost of governance, your unapologetic pilfering of public funds aren't all against the economy but na Binance that's has no physical office in the country, used by hundreds of millions worldwide in hundreds of countries that is a heist against the economy?? How is this any different from what Buharia did by banning crypto??


I didn't campaign for the job, I am not being paid for the job neither am I qualified for the job but arleast the little knowledge I have is enough to know that this is foolishness. I don't expect an imbe.cile to know that




Banks are used for money laundering. BDCs are used for money laundering. Gold traders and miners are used for money laundering. They've Even being using petrol stations and real estate to launder money and these days they use FCCMG businesses to launder money. Do almost all politicians and public office holders not have dollar accounts in tens and hundreds of millions? The likes of BLord, Hushpuppi have always been fraudsters but didn't need Binance to be fraudsters



Only imbe.ciles are those with mucus in their brains will reason like you. South Africa's economy is suffering a heist, Australia, Japan, Switzerland, Taiwan who are all miles ahead aren't suffering economic heist. But it is Nigeria who's politicians practically carry Ghana must go bags of cash around, stash it in their houses that is suffering from economic heist? Fraudsters have been using banks to launder money and receive dollars payment time and time again but suddenly Binance is the problem?

Finish them, king!

emperor4love:
u say blord made his money from buying nd selling crypto...u no serious shaaa,no be every thing I go yan u shaa,I stay fr Anambra for year nd I often go to awka nd I know wat is going on there shaaa,let me giv u hint small, u see btc investment fraud,all dis btc boys u de hear....Benin nd delta de learn work where awka boys de bro, fr btc level, as in dem de suck breast were awka boys dey,na were I go school shaa

Who told you blord made his money through btc? Gob back and reread again. But this time open your brain widely

Hedonisco:


Is USD being traded on Binance, or what exactly is your problem? Is USD the same thing as USDT?

So speculators can't buy USDT with USD and hoard it? Some of you will go about abusing the government but are not that intelligent just all talks.

emperor4love:
oga no be binance be the problem,na binance cause Venezuela and Zimbabwe own,or binance no dey de country, omo transaction way de go on bdc pass wetin de happen on binance,seems like you don't understand dis bdc guy nd money way dem de get,ask mompha,some ppl de transact 4million dolls daily with this guy even though he no legit ooh as ppl claim,but him burea businessis registered nd legit,this is just mompha,or do u think that politicians that pack dollar for house no happy as dollar the rise or aboki no go chop again,which other business dem de do...am into crypto yes but no b binance b de cause,ur politicians know wat de are doing,forget all dis bro,niggaz de run una street

How come other countries are complaining of the same thing? Tinubu is useless but call a spade a spade when you see it. Binance is contributing to the issue on ground the same way they were doing in France, Malaysia and other countries where they have been banned.

lexy2014:


since you know Nigerians, who are the Nigerians using Binance for money laundering?

can you pls give us their names?

who are the "so many criminals in Nigeria hiding under some canopies"?

what are the policies of government that need to be lauded which the citizens are criticising?

what support does the government need from citizens before it can succeed?

what support is the government at all levels giving to the citizens for the citizens to succeed?

who are those eating from the rot that are sponsoring the critics?

who is responsible for creating the rot in the first place?

can you explain in the detail this "rot"?

If you want to know them u will need to go back to whatever school u graduated from from to ask your vc. Lazy foo....l. Must you be told that people launder money through all means. Right now Naira is vulnerable and people will make use of dollars funnel being the most valuable(bankable) currency in the world.

Elliotwaveforec:

I know more than your stooopid father!

You know nothing

Britishpea:


Who told you blord made his money through btc? Gob back and reread again. But this time open your brain widely

bt u stated it there,I don't like arguing ppl who com online from wat de read,u frgt most ppl here don meet and transact with most of this una celebrity, I know u say so because of wat u hear online or person tell u nd u forget most niggaz here de do face to face transaction wit those niggaz,mayb u do look down on ppl here but as I don c say u wan expose ur sef by insulting I liv it to u to wat u believe nd said, all is true ooh,he did not made his money from btc na business nd selling of okpa he made it from, so u win,no further argument

Britishpea:


Who told you blord made his money through btc? Gob back and reread again. But this time open your brain widely

de guy made his money from crypto, but I no go tell u de other one whether legit or not legit no b wetin I go yan here but if na were him money com from,na btc

Britishpea:


If you want to know them u will need to go back to whatever school u graduated from from to ask your vc. Lazy foo....l. Must you be told that people launder money through all means. Right now Naira is vulnerable and people will make use of dollars funnel being the most valuable(bankable) currency in the world.

off point. that is not what I asked you.

since you know Nigerians, who are the Nigerians using Binance for money laundering?

can you pls give us their names?

who are the "so many criminals in Nigeria hiding under some canopies"?

what are the policies of government that need to be lauded which the citizens are criticising?

what support does the government need from citizens before it can succeed?

what support is the government at all levels giving to the citizens for the citizens to succeed?

who are those eating from the rot that are sponsoring the critics?

who is responsible for creating the rot in the first place?

can you explain in the detail this "rot"?

CelestineNelson:
Let the Crypto world hear me...your illusionary investment is about to be touched ...

Nothing go do binance... When dem buhari ban am, we still dey trade dey go