Villagesquare:

This one doesn't know anything. Was guys not doing Crypto since all the Years Emefiele was there. Instead of focusing on how to boost the Economy and increase our export to earn foreign exchange they are busy chasing after Crypto traders.

BannedUser:


You must be kidding if you think you can be lazy and make money in crypto. I've made millions in crypto trading but I had to sweat for two years before I started becoming profitable.

You keep on saying it's ponzi the same way people have been calling bitcoin since it was less than $1 in 2009. But today, Blackrock, the world's largest asset manager, with $10 trillion in assets is now offering bitcoin to its clients.

kenny714433:
If they delist naira from crypto exchanges and stop them from trading P2P, then we would move to off ramp services.

There, we would convert our USDT to our local currency. So many off ramp providers out there.

Apart from off ramp, we would use Telegram bot, and normal P2P without exchange intermediary. 100 of options would be provided.

I would even suggest to a decentralized exchange like PancakeSwap or Uniswap to offer P2P services. I wonder who FG would contact when decentralized exchange adopts that.


For more context about decentralized exchange:
There's no KYC so all transactions are done via smart contract. So you won't need to know anybody at all, just signing of the transactions and the contract executes it. Even SEC finds it difficult clamping down on DEX since the team is completely anonymous.

anonymous1759:
Final brutality to speculators, I feel for those genuine ones , but majority of Nigerians ain’t loyal . They sabotage the country and come online to bash the government when their heinous act destroys the economy . EffC should also go after schools receiving $ for fees .

anonymous1759:



Does that justify why you should cheat your customer because the government is misbehaving?
If the prices of goods increases, increase your goods according not bloating it because the government did something that got you angry .
If you’ve issues with the government you protest anytime you want but don’t take it on your fellow compatriots.

clearcrystal:
This is a good news.
All those lazy youth that are hell bent on destroying our economy by trading and speculating the exchange rate on P2P platforms are in deep shit already.
Instead of investing in physical asset they prefer to get rich quicker by trading USDT in the comfort of their bedroom at the detriment of our economy.
I keep telling people the rate we see online is not the true exchange rate.
I'm sure they will switch to Telegram but don't be surprised in 2 weeks time the CBN will equally ban Telegram.

Elliotwaveforec:

Keep running your mouth and don't play your game low! Government hat can hurt you and your entire family and nothing will happen, you dey call bastards. Ok, continue. Una go learn by force!

Leave monetary policy to the CBN and do your speculating low-key without hurting the Naira; but you want to be the CBN by determining the exchange rate through manipulations

Fearyourcreator:

until them ban crypto totally , werey ... your eye go clear ... you thought you can just do any how with any countrys currency in your exchange business anyhow .... a whole nation ... that business go get problem i tell you ... since that crypto whatever did not create the currency if you put am na wahala.... go america go dey do anyhow na ...

Thormentor:


You ended up not answering my question,

Do you want people to accrue loss Because you're defending rubbish online?

1. increased in fuel price = increased transportation of goods

2. increased tarrif= increased running of business activities

3. increase import duty increase fx rate for All time high at almost 1400 to dollar


With all these pressure and very sharp increase in fx rate and import duty, transportation, cost of production and running day to day business

you expect people to keep price same abi 🤡🤡🤡


what are we now, a socialist State?


why am i suprised same you guys supporting Buhari are the ones still supporting a clown that removed Subsidy and started paying for it with higher price?

someone who went and float a currency and started defending it again


mtcheww

e no go better for una

clearcrystal:


Do you think only government can increase our export?
If people like you keep investing millions of naira in crypto, how do we then increase our export?

Willie2015:


82.9m Nigerians are livin under $1 per day...
Tell me who is responsible...
Leaders or followers...

aguluobi:
This your mouth wey de do pe pe pe. If Tinubu is serious about the dollar issue he should just place 20% charge on all unofficial dollar transaction CBN jurisdiction. You will see cyrpto n japa.

Obagreatdatoye:

Don't be too gullible...all your remedy will amount to nothing...you will count so much losses.. all your effort would be like water poured in a basket

anonymous1759:



You just want to be unfortunate , if you refuse to see where I stated that you can increase your goods accordingly without bloating it for exploitation.

From my experience it’s better to buy everything you need in bulk those retailers are killers , that’s how one seller told a basket of tomatoes cost 45-50k when it’s 10k In the marker two months ago when I got it. he lied to me to justify his exploitation.
Only sore election losers deny exploitation is not going on.

Let’s continue the exploitation game , the good thing is that you can’t be self sufficient In everything if you exploit MR A MR B will do you the favor.

anonymous1759:
Final brutality to speculators, I feel for those genuine ones , but majority of Nigerians ain’t loyal . They sabotage the country and come online to bash the government when their heinous act destroys the economy . EffC should also go after schools receiving $ for fees .

pacesetting:
Go and educate yourself. The world has left you behind

pacesetting:
There's what we call speculative business. Those doing forex and investing in stocks, which product or service do they sell?

emmanuelbrown26:

Poor man and envy are twins. What's ur business with those trading forex? Countries all over are trading forex

anonymous1759:
Final brutality to speculators, I feel for those genuine ones , but majority of Nigerians ain’t loyal . They sabotage the country and come online to bash the government when their heinous act destroys the economy . EffC should also go after schools receiving $ for fees .

Villagesquare:

What you don't know is bigger than You. Seek knowledge and you will be liberated from the schackles of ignorance.

Informant101:




In the eyes of Nigerians or in the eyes of igbos??

kenny714433:
If they delist naira from crypto exchanges and stop them from trading P2P, then we would move to off ramp services.

There, we would convert our USDT to our local currency. So many off ramp providers out there.

Apart from off ramp, we would use Telegram bot, and normal P2P without exchange intermediary. 100 of options would be provided.

I would even suggest to a decentralized exchange like PancakeSwap or Uniswap to offer P2P services. I wonder who FG would contact when decentralized exchange adopts that.


For more context about decentralized exchange:
There's no KYC so all transactions are done via smart contract. So you won't need to know anybody at all, just signing of the transactions and the contract executes it. Even SEC finds it difficult clamping down on DEX since the team is completely anonymous.

Fearyourcreator:

until them ban crypto totally , werey ... your eye go clear ... you thought you can just do any how with any countrys currency in your exchange business anyhow .... a whole nation ... that business go get problem i tell you ... since that crypto whatever did not create the currency if you put am na wahala.... go america go dey do anyhow na ...

Beatricebarbie:
my simple post, you are a bascard

anonymous1759:



Nigerians ain’t sincere , we never own up to our responsibilities that our actions sometimes affects the economy.

We’ve some countries whose population and export ain’t much but their currency is strong.
Those island nations for example.

Our constant demand for dollars and speculation and sabotage can’t be over emphasized.
This action might last for sometime but the government needs to put foot on ground more sabotage will spring up .

iLegendd:
Opportunity for me to be a middle man and charge 5% as transaction fee.

Anything you hoard like cocaine, the price goes up. So, we should be expecting 1900/$ at the black market soon.

Babalegba:


https://punchng.com/just-in-fg-to-delist-naira-from-p2p-platforms/