₦airaland Forum

MrBrownJay1:
you mean they want Africans to go back home to Africa, after they have robbed Africa blind of their natural ressources?! BWAAAAAAH!
it will never happen. Africans are going to the west by fire or by force.
BTW whites never left Africa, to begin with!

When are you people going to let go of this so-called "White stole Africa's natural resources" propaganda?? Mention 1 African nation whose natural resources were stolen and there's nothing left. Africa's problem has only been that they don't know how to process their mineral resources to finished products and use it to create prosperity for themselves. What have we done with the 100s of billions of barrels of crude oil we've taken from the ground? Nothing. The untapped gold, uranium, tin, columbite, etc, we have in Nigeria - what have we done with them? Nothing. We're waiting for foreign investors to come and help us mine them and pay us peanut change.

It's very refreshing how God has turned this man's wisdom and much-touted fearlessness to foølishness and fear.

yarimo:
Mr. Olanipekun Olukoyede is the worst and incompetent EFCC chairman in the history of the commission

You're right. Instead of him to keep on chasing yahoo boys and girls like your fellow northerner past EFCC chairmen, he has decided to take on the big polithiefcians.

Very good. Yahaya Bello that I learnt never collected salary for 8 years let alone steal ₦1, and also saved more than $200b for Kogi State is who EFCC is charging to court.

iwaeda:
No, but I have properties in Lakowe and Amen Estate.

I'm very sorry, but I have never seen a sensible comment from you. I'm sorry if I have to tell you to grow up and stop ending all your posts with laughter emojis and making zero sense in the process.

Tallesty1:
Why are they not affecting other nations' currency? Why naira?

How do you know it's not?? Did you know that the reason cryptocurrency is so heavily monitored by govts all over the world is the fact that it can cripple the traditional money and by extension the economy in a very short period of time??

Nigeria, grow up and stop celebrating mediocrity and mundane things! GWR that comes with $0 is what you people are falling over yourselves for as if the guy has won $100b for Nigeria?? This is the kind of weak society we want to bequeath to the upcoming generation??

It's a lie. It's still paying. I just GHed now and I received my alert of ₦500m.

seunmsg:
Americans are just jealous and scared of CZ’s success. His only crime is his Chinese ancestry and nothing else. If he’s an American, they would be celebrating him today. The mistakes of the initial days of Binance has been rectified and he has paid billions in fine already after cooperating with regulatory authorities over the years. Why ask for double the normal prison term for him?
The court should reject the request and place him on probation. He’s no threat to the society in anyway and he’s even stepped down as CEO of Binance. Enough of the witch hunt.

Very true. Just the same way they celebrated Sam Bankman-fried by sentencing him to 25 years in jail.

MrBrownJay1:
yeye people back home who believe that money grows on trees in the west, thus will look down on anything you send them.

i once gave a beggar in the US some coins and that yeye olodo looked at me as if to say that this was not enough... then he said something like:" the minimum to give is a 1dollar note bla bla bla". i said:"no worries, give me back the coins so i will give more"... and when he gave me back the coins, i just walked away.

You ended up contradicting yourself because after blasting "yeye people" in Nigeria, you now told us same thing happened to you in the US.

Just imagine New York that's supposed to be a city of luxury and wealth handing out bread and akara to its residents . Nigeria, grow up.

Emu4life:
During Yar'adua's regime Reserves was $64bn

Your own figure might be accurate or closer, because I just checked now and saw that we were at $53.1B in 2008.

The correct figure is $32b. During Yar'Adua'a tenure, I remember hearing in the news that Nigeria's forex reserve was around $40b+. It's 17 years later and instead of us to be around $80b+, we're now down to $32b+.

Jorussia:
it was almost $70b when obj left office.As at when GEJ left it was $28b or so.

Lie. Though it's true that Obasanjo grew it exponentially from $5b, but it was $43b he left it at, not $70b. Jonathan massively depleted it with nothing to show for it.

The same US who invited them is not interested in any country being in peace. Or how would their arms manufacturing industry fair if there's peace??

Onewazobia:
Yet they continue sending palliative to you, year in year out, gives your students scholarship, support you with a lot of technology aids, vaccine for your children etc.

I wonder why they didn't consider Iran, Saudi, Qatar or even Palestin since we are talking about security. You better came down b4 hate kill YOU

Unintelligent balderdash.

So this guy who claims to be living in America where racial bigotry is heavily frowned at, could descend this low stoking tribalism in another person's marriage?? What a shame.

Must we contract everything to the Chinese, Americans and the European?? Do these people have two heads?? The Chinese learnt technology and innovation from America and today they do most of these things better than the Americans themselves.

nairalanda1:
Nigeria never get strong currency. Until we become an exporter of Industrial goods , manufactured goods.

Many of you can't decipher that this thread is a satire?? Some of you write so very intelligently, but when it comes to deciphering satire and sarcasm, you fail woefully.

mrvitalis:
Do hok know what average means?
Can't you guys google? Is it not free where you live?

How does 22 being average come close to 13-15 you earlier said?? The ones who finish at the ranges you quoted are probably 3 in 10,000,000.

mrvitalis:
I'm china , USA and other developed countries people are finishing university at 13,14 , 15,
Some even get PhD at 19 , 20 21
Yet we want to Hold our own back till they are 18
Honestly federal government should allow states handle their education system abeg
You guys can keep making minimum age 30 even If you can pass weac and jamb at the age of 10 I see no reason you should be denied admission honestly Highest it should be restricted to school close to guiden

. Not true. My online sources say the average age for university degree acquisition in the US is 22.

ibechris:
God in his infinite mercy would not allow me to live in such a place...

Let me send u my village house and u can use ur tongue to count ur teeth.

That is my village house and i am a typical igbo man.

How old are you people sef, that most of you commenting on this thread are unable to detect the sarcasm and laughter this thread was meant for??

garfield1:
Cc fergie001,we saw this coming.she will likely get to the apex court before tinubu tenure elapses in 2031 and with age on her time might just be a future CJN

And after that, she'll become the president. Claaaaaaap for yourself please! Shameless analysis.

ganisucks:
The buses are locally assembled. Read the article.

Kathmandu, you've resumed your propaganda and conspiracy theories. Very soon, you'll tell us how the buses have been programmed by Bill Gates to distribute coronavirus to Nigerians.

Procashtips:
I should help you defend your own assertion?

Just own up already that you lost this conversation. I already checked and my assertions were confirmed. Do the same and be convinced. We learn everyday; no one is an island of knowledge.

Procashtips:
You're now quoting the same Aboki FX govt said is manipulating naira rate?
Are you serious?
On forbes website ₦1,297.

What happened to CBN official website rate and the official parallel market website called the IAI? You're time waster.

Check the CBN's website yourself nah, because I just did and it showed the CBN rate on Aboki FX is correct.

Procashtips:
I won't be replying you again until you show us the official rate for today (We have parallel market rate which CBN monitors and CBN rate).
Post both of them here, let's compare.
Stick to the above and stop speculating what you can easily tell us.

Why not check it out yourself and then use it to buttress your point if you're so sure your defense is valid?? Or CBN.gov.ng and Abokifx.com are not working on your phone??

Procashtips:
Again, stop speculating.
Tell us the official price for dollar and the open market price today

Then compare to ₦1,231 it's on Bybit, let's see the difference.
There has never been a time the difference in prices on P2P has been more than ₦10 on whatever platform.Minimum can be ₦1231 and maximum at ₦1241.
Off course, those with higher rate end up reducing theirs when no one comes to them for a long time.

Stop calling fact "speculation". On Aboki FX, it says CBN's rate is 1161 while your Bybit says 1231. Is that not a huge N70 difference?? Or are you saying N70 difference is a small amount??

Procashtips:
No, they don't add "100" every day. I only said the difference hardly get to ₦100.
When you checked, did you see any difference up to ₦100?

Rate is currently ₦1,231 on one of the platforms.
Tell us the official rate on CBN and the free market rate (parallel IEA market)

₦5 is a lot of money in the world of currency trading; I hope you know that or I should break it down for you?? But here, you're probably referring to something around N60-N80 as if it's a small difference.

And secondly, was it not price-fixing that took it ₦1,231 when it should be around ₦950 by now, judging by naira'a upward trend since the past 7 weeks??

Procashtips:
You obviously don't know P2P.
It's just bdc in a digital form

Of course, it's. In a P2P trading, different sellers quote their respective selling prices and a buyer chooses the one that's cheapest. If I decide to form a cabal with up to 100 other sellers to quote my USDT at N800 whereas its current price is N750, in a very short time, people would have no choice but to start buying at that price. And then, we rinse and repeat, till it gets N1,950 which was where it was around the 3rd week of February. So between you and I, which of us doesn't understand how P2P work??

Procashtips:
Again, you're assuming and speculating. Speculation is what you're doing now.

I advised you by even asking you to do an experiment, you ignored it only to keep assuming.

P2P on whatever platform don't fix price outside what's obtainable on the offline FX market. The difference is always below ₦100.

Go and check what I told you earlier before replying me.

Take this from someone in the system who lectures and mentor people in the aforementioned markets.

OK, when they keep on adding a "difference below ₦100" everyday or three days intervals, won't it consequently double or triple the rate in a very short time, like it happened between last year and February this year??

Procashtips:
Forming a ring?
How?
Do you understand P2P at all?

Do you understand what pump and dump is, in cryptocurrency??

Procashtips:
Do you understand what you're saying at all?

You actually believe there's any widespread currency manipulation on P2P?

P2p use the actual price of FX in the real market to fix what they charge online.

The difference most time is not even up to ₦100.
Do yourself a favor.
Check the official rate on CBN and parallel markets, then visit any of the platforms and check out the difference. Do not let anyone deceive you.
Educate yourself.
How can only p2p Which isn't even possible without the use or local banks determine what the rate of the physical exchange rate would be?

Are you saying the above is not same outside Nigeria?
If no, how come and why is Nigerian govt not using their own templates?
If those didn't blame the failure of their economies on cryptocurrency platforms, why Nigeria?

Do you know what it means to bet against a currency or fix price?? In some cases, they could bet against it without having to actually manipulate it, but in other cases, the bettors could go ahead to form a cabal to fix a secret sell-price. Are you conversant with how cryptocurrency trading work??

I'm hoping Nigeria breaks up within the next 4 years, peacefully. Because that appears to be the only gateway to peace and prosperity for the different regions. In a monoethnic nation of Hausa, nobody will scream tribal persecution when Ali Hamza is arrested for corruption. Same for Igbo, Yoruba, Ijaw, etc. Let's be like Europe. The very reason former Yugoslavia split into at least 6 countries.