I never knew that this Sowumi man was this corrupt. With this type of young man, Nigeria has no hopes.

He has just told us that he would be worse than yahaya Bello.

Some people just talk like they are cursed.

When the Metaverse talk seemed to quiet down, GPTVerse stepped up. It's like a super-smart hub where you can do all sorts of things in virtual worlds. Using fancy tech like AI and blockchain, it makes virtual interactions and transactions smoother. They've got cool stuff like AI chatbots and learning tools, all tied together with their special $GPTV token. GPTVerse wants to help people who love AI and industries work together better.

They're big on teaming up and using AI responsibly, making sure everyone's data is safe and easy to access. In a nutshell, while other projects slowed down, GPTVerse kept moving forward, leading the way in the Metaverse game. And now, with the expected listing on Bitget, their journey is gaining even more momentum."

voiceoftheupcom:
A missing 400-level University of Abuja student was discovered dead



https://eyesoflagos.com/2024/04/29/a-missing-400-level-university-of-abuja-student-was-discovered-dead/

Missing but dead, we would soon needs the head... I told you to this end, ahmed and mohammed, give me bread-since you don't gives me money to buy bread... You don't gives me money to buy bread and you don't give money to buy bed... Now, you would be talking about ced; when ced is dead, who would be your head...? What and who is in the head of ced?, until ced is dead is dead or becomes dead; nobody would gives me bread or buy me a shed...? I don't wants to talk about thread, but ahmed and thread are using my head... Who don't know z&who don't knows ahmed? No be who don't knows a to z...? Now, where is z in a to z...? Where is the end of z in a to z...?

By Babajide Komolafe, Economy Editor & Elizabeth Adegbesan


A surge in demand for dollars in the parallel market driven by banks and end-users combined with slow forex disbursement to BDCs by the Central Bank of Nigeria, CBN, caused the Naira, last week, to fall by 23 per cent against the dollar, thus recording the worst weekly performance of the Naira since February.

Though the CBN came to the rescue of the Naira on Friday by intervening in the official Nigeria Foreign Exchange Market, NAFEM, hence the appreciation of the Naira in the parallel market on Friday, currency dealers and analysts were uncertain about the fortunes of the Naira this week, citing pace and speed of CBN intervention as a determining factor.

After two months of steady appreciation to N1,140 on Friday, April 19, from N1,1,820 per dollar on Wednesday, March 21, the Naira, last week, depreciated for four consecutive days by N285 (25%) to N1,405 per dollar on Thursday, April 25th.

Following the same trend in the official market, the Naira depreciated by N169.24 (9.9%) to N1,339.23 per dollar on Friday last week, April 26th, from N1,169.99 per dollar on Friday, April 19.


FX rate differential

Financial Vanguard investigations revealed that the steady reversal in the fortunes of the Naira was triggered by a combination of factors, including sharp practices encouraged by the lower exchange rate in the parallel market.

Since the CBN resumed dollar sales to Bureaux De Change, BDCs, the parallel market exchange rate had been below the official market exchange rate. For example, on Friday, April 19, the parallel market rate at N1,120 per dollar was N64.5 lower than the official rate of N1,234.49 per dollar on that day.

To exploit this gap, banks besieged the parallel market, buying dollars at the cheaper rate and reselling to their customers at the higher official exchange rate.

Following the steps of the banks, some forex end-users also bought dollars in the parallel market, deposited them in their domiciliary account and sell to the banks at a higher official rate.

This practice according to currency dealers triggered huge demand for dollars in the parallel market and hence the 25 per cent depreciation of the Naira in four days last week.

Currency dealers also cited the slow pace of dollar disbursement to BDCs by the CBN. They noted that dollar disbursement to BDCs comes in trickles, with some BDCs not getting dollars for more than two weeks after naira payment to the apex bank.

Confirming this to Vanguard, President, Association of Bureaux De Change Operators of Nigeria, Dr. Aminu Gwadabe, said: “The depreciation of the dollar was caused by two factors. The first was that people were buying from the open (parallel) market, depositing the dollars in their domiciliary accounts and sell in the interbank market and this is because the open (parallel) market rate is always lower than the interbank market rate.

“The second factor is that we have seen the resurgence of Person-to-Person, P2P, where hedging, margin trading are taking place.

“After nipping in the bud of Binance, other platforms sprang up. And you know transactions in those platforms are purely speculative. The likes of Binance can only be profitable at the expense of naira depreciation because it is a market that you buy low and sell higher.”


Scant FX supply in the official market

Investigation also revealed the situation was aggravated by the absence of CBN intervention in the official market for some weeks while inflow from Foreign Portfolios, and FPIs also dwindled.

Explaining this development, Nnamdi Nwizu, Co-Founder of Comercio Partners, a Lagos-based investment bank, said: “Until yesterday (Friday) when they intervened, CBN had not intervened in the interbank market for weeks, and inflows were drying up.

“Also forex demand that waited for Naira to strengthen (appreciate) seems to be filtering through now, both local and FPI’s.”

On the outlook for the Naira in the coming weeks, Nnamdi said: “A lot depends on if the CBN continues to intervene in the market to ensure that they don’t lose control of the market. And also if we start to see renewed FPI flows.”


CBN intervenes

In a bid to arrest the depreciation of the Naira, CBN intervened in the official market on Friday. It also increased the speed of dollar disbursement to the BDCs, while also stepping up enforcement activities with its monitoring task force which visited some BDCs and parallel market locations in Abuja and Kano on Friday.

As a result, the Naira appreciated in the parallel market on Friday to N1300 per dollar from N1,405 per dollar on Thursday.
Confirming this development, Umoru Ahmed, a currency dealer based in Lagos Island said: “The naira was traded at N1,500 this morning which I bought. There is no inflow of dollars like before and not all the BDCs have access to dollars especially if they registered late.

“The rate later crashed today to N1,300 per dollar for selling and N1,250 for buying.

“This is because the CBN’s task force stormed the market today arresting many black market traders which led to many operators reducing their price to sell off their dollars as they don’t know what the market will be like tomorrow.”

Similarly, Isa Yahaya, a currency dealer in Ikeja said: “In Ikeja today, we bought at N1,320 and sold at N1,350. But the market opened today at N1,450 per dollar of which I bought a dollar for N1,550.

“But we received a hint that the CBN’s task force was arresting many black market traders. This led to the appreciation of the naira because we just wanted to quickly sell what we had and wait till tomorrow to see what the market holds.
“The increase in the rate is due to demand pressure. The number of people demanding for dollars is higher than those selling.

“So it is difficult to meet the demand as we do not have access to buying from BDCs talk of from the CBN.”

Also confirming this development and expressing optimism that the naira will further appreciate this week, Gwadehe said: “There is a turn of events now. Naira is appreciating as we speak, the rate has come down to N1,250 – N1,270.

“Now the rate is going down due to a combination of factors. The CBN has intervened today at the NAFEM market. Dollar sales and disbursement to BDCs have been coordinated and streamlined for efficiency and liquidity.

“The securities agencies have swooped on those illegal behaviours, arrests were made today in Abuja and Kano. So all these factors are playing a bigger role because all the behaviours that have no economic value have been checkmated and streamlined. So I believe appreciation of the Naira cannot but continue.”

Speaking further, Gwadabe called for an executive order to deposit their holding into a non-exports domiciliary with silent sources requirement of an amount below # 50k for 3 months.

He also called for the creation of investment bonds for Nigerians in the Diaspora without tax charges.

https://www.vanguardngr.com/2024/04/why-naira-depreciated-by-23-in-4-days-currency-dealers-analysts-2/#google_vignette

Nlfpmod

Nairaland is not a Hospital. Seun self what is Bleep? person nor go fit talk F@#k in peace

Chibudollar:
I don't know if this is part of the Anime y'all always talk about, but I guess I have officially started my Anime journey with this. 😃 This is an Anime right? <(Blue eye samurai)

Someone has explained already...

But it's not considered anime even if technically "anime" includes all animation

anonymousey:


Agba baller! CBN governor!
Shey you go help me sell my 10T come add the balance buy am for me?

You kuku sabi how I take become OnePlus owner

Make I nor talk the full story here sha

But God dey oo

Charlex23:

It’s exhausting living in a world where everyone else is wrong and you're always right. And you chose to be disturbed if not, you could’ve quietly avoided this thread and do something better with your good for nothing life. Enjoy your holier-than-thou parade while the rest of us live in reality. Cheers to your delusion!

Oga go and face the girl that offended you offline. Be a man, tell her she's wrong if her reason doesn't resonate with you. Don't come and gossip her on Nl .

Funny enough your type may even smile and stylishly explain yourself to her if you see her. We know your type.

Him dey talk reality.... So Nl is your reality while the lady offline is your delusions. Wahala

Proserpina:
If you don't see the wrong in you bringing a private issue online for strangers opinions while the person involved is oblivious of your grief then this conversation ends here.

Not only did you commit a fallacy of hasty generalization by your experience with a single girl, you are here claiming not to seek validation when that's the logical explanation to your actions. Delulu?

Speak to the girl that offended you and don't come and disturb us online if truly you do not seek Nl validation and cheers.

Don't come here to do "Gather ye brethren let's hate on girls together"

You talk too much.

A stupid talk From a stupid man.

Chibudollar:
I don't know if this is part of the Anime y'all always talk about, but I guess I have officially started my Anime journey with this. 😃 This is an Anime right? <(Blue eye samurai)

Not really an animé. But almost the same thing.

Animé basically means animation in Japan. So all things animated are basically called animé in Japan. Even American or foreign origin animation content are all called animé in Japan.

Although, in the outside world outside Japan, we like to call and identify animé as "animation content specifically from Japan or culturally linked to Japan and it's animation style".

So with that classification one might say "Blue Eye Samurai" ain't really "anime". Still, doesn't mean much, animation is animation anywhere in the world. And the Japanese have mighty respect for the animation medium.

FRANCISTOWN:

The only thing I refuse to reconcile with is your subjective definition of tangible as things that can only be measured with regards to mass, dimension and time. This has it's implications.

The moment you tried to solve a challenge, you raised another. You are only viewing dimension in it's spatial extent, physical properties and coordinates and structures of object.
Dimension means many things and different things in different discipline of knowledge. It is different in geometry, it is different in algebra, it is different in computing and in physics.

Even in physics, dimension is used differently in different topics.

Dimensions doesn't have to always be directly proportional to physical properties.

Velocity has a dimension. Velocity is not a physical phenomenon. But the dimension of velocity is equal to the dividence of length by time.

Therefore, abstract things and ideologies also have dimensions.

It is possible to say "This is the height of foolishness". But foolishness doesn't have any physical properties to measure.

I don't even need to talk about the concept of time for time itself will fail me.

Therefore, I cannot agree with your notion. I maintain a neutral position until you can show me one thing that is not truly tangible in any form.

It seems you have lost yourself in the maze of discusion.
Yes, I defined Tangibles in terms of Mass, Dimension (length, Area and Volume) and Energy and of course these can relate with time.

BUT,
I discovered that many of you atheists would rather define the word Tangible broadly as Any IDENTITY that produces Effect on matter: meaning that in addition to Examples from my definition of Tangible, it consists of Electric Field, Magnetic Field, Gravitational Fields, Information, Mathematics, Logic, Software and Consciousness as they all fall under this category of Tangible things.

NOW,
I have adopted your definition AND I ONLY ask you to be consistent with this Definition
This has now become a problem for you!

It seems you don't want an OBJECTIVE definition of the word "Tangibles": how do you now want us to TEST your beliefs? This is insincerity on your part!

Entusky:
Mek we just forget 2026 world cup.
If u watch our friendly game against mali u go understand wetin ah dey talk

Just one emergency match

True talk !!!

No, snakes do not talk. Men just wrote that a snake spoke to Eve because they could not conceive that a woman could possibly have a brain with which to think and reason for herself, and they didn't women to ever think and reason for themselves and have used same programming to oppress women ever since. After all, snake means bad every where.

But womens' eyes are opening now that they are going to school to eat more fruits of trees of knowledge, and they are reasoning and thinking for themselves, so the poor men can no more enslave women to the kitchen stove.

My guy must talk

TenQ:

My OBJECTIVE was to show that:
1. There are Real EXISTENCE that are Tangible
2. There are Real EXISTENCE that are NOT Tangible

The only thing I refuse to reconcile with is your subjective definition of tangible as things that can only be measured with regards to mass, dimension and time. This has it's implications.

The moment you tried to solve a challenge, you raised another. You are only viewing dimension in it's spatial extent, physical properties and coordinates and structures of object.
Dimension means many things and different things in different discipline of knowledge. It is different in geometry, it is different in algebra, it is different in computing and in physics.

Even in physics, dimension is used differently in different topics.

Dimensions doesn't have to always be directly proportional to physical properties.

Velocity has a dimension. Velocity is not a physical phenomenon. But the dimension of velocity is equal to the dividence of length by time.

Therefore, abstract things and ideologies also have dimensions.

It is possible to say "This is the height of foolishness". But foolishness doesn't have any physical properties to measure.

I don't even need to talk about the concept of time for time itself will fail me.

Therefore, I cannot agree with your notion. I maintain a neutral position until you can show me one thing that is not truly tangible in any form.

Testiebobo:
What can i do for my close friend who have being scratching his underneath for weeks.

A pharmacist prescribed an antibiotics for him but still itchy. He described his discomfort from coming up inside his body. #Lil will sometimes grab his joystick and rub it hard until it becomes pink# he told me.

I asked him when last did he Bleep and he said last year. I dont know how to help him again o. And i cant watch him crying from discomfort. What medications should i get for him?

Just go straight and stop going through the corners!
talk true na you, no be your friend!
Anyways pour red oil on it

opamoses1:

What's there to compare. Ogun has produced many outstanding leaders in Nigeria. What has Anambra produced except lots of people that traffic drugs abroad
Let's not even talk about the teenage prostitution that's all time high in Anambra. Those are the ones that can't afford rich private schools like yourself.

Jealousy go kill some people

Advision:
Who would have imagined that even at almost N1K a litre , Nigerians would still have to queue for fuel?

APC showed Nigerians shege

Good luck Jonathan talk am this APC will take you back to 50yrs

Not until I saw you post, I can’t believe fuel is 900 and drivers still queuing and expecting to make profit after wasting time on queue.

Fela sang about fuel queue way back 1978
“suffering and smiling” this is 2024 still queuing for fuel at 1k naira

Have you ever wondered how most crypto millionaires you might probably know made so much money trading crypto in a short amount of time?

Well, the secret is Degen trading. According to a recent survey, over 30% of crypto traders identify as "degens," and they prefer to prioritise potential gains over calculated trades.

You might be wondering what Degen trading is and how it works. Not to worry, I will be explaining all you need to know about this type of trading and how to be a profitable degen trader.

What is Degen trading & how does it work?

Before explaining what Degen trading is, let's talk about Degens.

Degens are risk-tolerant individuals who buy into the latest shitcoins or memecoins early enough to cash out big when their prices start mooning.

Degens is short for Degenerates, and they are popular in the Defi (decentralised finance) space. The name ‘degen’ is short for ‘degenerate.’ This word was an unpleasant term given to individuals in the early 90’s who were known for gambling all their assets, especially those they couldn’t afford to lose.

Today, this word has become famous and taken a new meaning in the crypto space. Individuals involved in degen trading call themselves ‘crypto degens.’

Crypto degens have one goal in mind, which is to make 10 to 1000 times their investment in the shortest time possible. So they buy into any memecoin or shitcoin, which has the potential to surge in price upon launch or when it goes viral.

This type of trading is a sub-niche of Defi trading and is quite popular amongst crypto enthusiasts or communities.
These individuals gravitate towards new crypto projects (which usually have no use case or goal), meme coins, and yield farming opportunities with the potential to generate high returns.

They buy these tokens in large amounts to pump the price, and once the coin starts gaining attention with more buyers swimming in to buy the coin, they immediately dump the coin and make away with the profits.

How it Works
DeFi Degens leverage various DeFi tools to maximise gains. Here are a few standard tactics:

Yield Farming:
DeFi allows users to lend or stake their crypto holdings in exchange for rewards.

Degens chase the highest yields by rapidly jumping between different DeFi protocols while disregarding whether the project is legit.

Liquidity Hunting:
DeFi relies on liquidity pools to facilitate trading.

Degens identify new DeFi projects with potentially inflated token prices and become early liquidity providers.

They earn fees on trades within the pool but risk significant losses if the project falters.

To simplify this, look at a realistic example of degens investing and trading.

Tobi decides to double his crypto holdings and make 20x gains in 3 months. He then scans through Discord & telegram for new coins with the potential to quadruple in value upon launch to invest in.

He finds some new hotshot coins in the discord communities he is part of. These new crypto projects promise to offer a juicy 50x returns upon launch.

Tobi quickly buys into the project without doing his due diligence or reading the project's white paper. He invests $500 ($100 each) across 5 of the projects.

Throughout the day, Tobi keeps an eye on more DeFi-focused Discord servers. He finds more tokens to invest in while ignoring their whitepaper, which has sparse details.

Despite the red flags, the potential rewards are too much to ignore. He continues to allocate a small portion of his portfolio to become a holder of the tokens.

By investing a minimum of $100 each in these projects, upon their launch, some do well, surging to 20x their value, while others fall to $0. In total, Tobi makes a total of $10,000. He also counts his losses, pulls out from the trade with his earnings, and repeats the cycle.

Reality Check
While this might sound like an exciting cycle, it is very risky. Degens love to pride themselves as risk-takers (sometimes reckless). This thereby makes this form of crypto trading not suitable for the faint of heart.

Degens often deal with projects with limited track records and potentially flawed functionalities. Investing in such projects is a gamble, and losses can be substantial.

Sometimes, they are susceptible to rug pulls due to their focus on unvetted projects.

Rapid price fluctuations in the DeFi space can lead to impermanent loss for liquidity providers.

Degens chasing high yields may find their initial investment worth less when withdrawing from a pool.

Note: Degen trading often involves trading less established projects.
Most of these projects might not be available on significant CEXs (centralised exchanges) and may only be traded on DEXs (decentralised exchanges).

However, resources like CoinMarketCap Markets Section (which allows traders to search for a specific coin and see a list of DEXs where it's traded) & CoinGecko (which provides information on DEXs that support various cryptocurrencies) help traders find potential degen coins and DeFi projects to trade.

How to be a profitable degen trader

DeFi Degen trading is very risky, and it is advisable that you only invest what you can afford to lose and prioritise thorough research over pure FOMO.

If you want to be a degen trader, here are some steps to being profitable at it.

Find Your Degen Den: Immerse yourself in the degen community by joining Discord or Telegram groups like Larva Labs, cryptohub, etc. Follow crypto influencers (with a critical eye!), and stay updated on the latest degen trends. (Note: Be wary of shilling and scams rampant in these spaces).

Sharpen Your Skills: Don't just throw money at random projects. Learn about technical analysis (TA) to identify potential price movements and fundamental analysis (FA) to understand project goals and potential.

Be Critical: Degen trading requires constant monitoring. Be prepared to react quickly to news, market shifts, and community hype.

Risk Management is Key: Only invest in what you can afford to lose. Degens often use small allocations for high-risk projects—Utilise stop-loss orders to minimise potential losses.

Where to Find Degens:
Discord Servers: Look for servers dedicated to specific DeFi projects, meme coins, or general degen discussions. Research the server's reputation before diving in.

X(Twitter): Crypto Twitter is a hotbed of degen activity. Follow crypto influencers and hashtags like #DeFi, #YieldFarming, and #MemeCoins.

Telegram Groups: Like Discord, Telegram groups are excellent hubs for degen chatter. However, it is important to search these groups cautiously as scams and shilling are prevalent.

Conclusion
DeFi Degen trading is not for the faint of heart.

It requires a deep understanding of DeFi protocols, a high tolerance for volatility, and the ability to manage risk effectively.

However, it offers the potential for life-changing rewards. But remember, great rewards come with great responsibility (and potential losses).

Degen trading can be a thrilling and profitable way to make so much money in the crypto space. Nevertheless, it's crucial to manage risk effectively while conducting thorough research.

Are you looking for the best exchange to trade crypto in Africa? You should try out Roqqu. Roqqu is proudly one of the best Nigerian crypto exchanges and very much meets the needs of any Nigerian crypto trader (including crypto traders in Ghana).

It has over 100 cryptocurrencies (including memecoins and shitcoins) listed on its platform. Users can easily buy and sell USDT, BTC, ETH and many other cryptocurrencies on the platform.

With Roqqu, you can buy crypto in multiple currencies like Naira, Dollars, Cedis, Pounds, and Euros via your credit card or bank transfer.

Roqqu also provides the ability to swap tokens, pay bills via crypto and receive payment in fiat currencies from anywhere in Africa.

haybhi1:
Lol, UCH get MRI? How many top teaching hospitals get am for Naija?
MRI is an expensive diagnostic equipment. Our SR was telling us it costs about ₦2B to own one. People who can fix or produce it are rich automatically, these are stuff you should learn.

It's also a business idea that you buy this thing and put it in top teaching hospitals, if you're rich. A single diagnosis, using it goes for nothing less than 80k, and it's one of the unavoidable medical tools.

Thank me later.Honourable man, teaching hospitals cannot afford it—especially according to their CMDs. UI, UITH, ABUTH have all come out to state how much—multimillions—they're owing PHCN, let alone putting this in place. From the running of UITH in particular, they can't afford it. Among other things is the fact that patients don't pay as much in the public hospitals as they do in private hospitals. That's gives access to limited resources.

However, private partnership obtains. As an individual, you talk to them, they give you a space, you build a center, with a manager, and you buy the machine, and you make your dough.

the politicians don't the people at heart.

One man can steal 80bn , but you said 2bn is too much for health.

WakeUpNigerians:
Rubbish talk......you can only deceive your agbado urchins not sane Nigerians!

dont mind them

See person wey vote Buhari back to back and now Asiwaju, dey call Obidients half bake? The mere fact that you, Hellinus, voted Buhari twice back to back, even though, you were a teen during his disastrous outing in the 80s, makes you unfit to Advise a domestic 🐈 cat, not to talk of creating threads on nairaland!

How can a sane person vote Buhari twice? That kind of person fit vote Yahaya Bello, Oluomo or Shekau for president.

We no dey Cap or beat chest, we dey employ whites.... So next time first get job or handwork first before you talk of half bake!

To show you that indeed you're a quarter baked lot, why do you always call Mods like a little child a well to do, swagful dude bully all the time? Even though you'd be the first one to subtly throw insult first!

helinues:


My comments wasn't for half baked lots.

It's not my headache that you are unable to comprehend it

Wondering why you Obidients only come online to attack others for no sensible reason.

Abeg make una stop that nonsense attitudes

Gbadugbakun:

Help him talk to her na.

I don't know her nah

Proserpina:
Reach out to her nah

Help him talk to her na.

Namaster:
The heart of the average Nigerian is full of UNDISTILLED evil. It brims with evil so PURE the devil is envious.

Imagine the wickedness. Customers are already buying the petrol at an INFLATED price YET the wicked attendants want them to buy USELESS meatpies. Further investigation will probably reveal that the price of the meatpies bave been JACKED UP too.

Yet the attendants will return home and bitch about corrupt politicians.

Fact is the average Nigerian is MORE corrupt and wicked than the average Nigerian politician. Only difference is in scale and scrutiny.

NEVER put yourself in a position where you are desperate for something from a Nigerian. It's a TERRIBLE position to be in.

True talk bro. But the average corrupt Nigerian politician came out of thesame average Nigerian. So the cycle of greed, hate, thieving, corruption, wickedness, self righteousness, bigotry...... Still continues.

I don't know if this is part of the Anime y'all always talk about, but I guess I have officially started my Anime journey with this. 😃 This is an Anime right? <(Blue eye samurai)

Entusky:
Mek we just forget 2026 world cup.
If u watch our friendly game against mali u go understand wetin ah dey talk

Let me even check snippets with Youtube. I don't recall watching it. But losing 0 - 2 is something to worry about, with Mali.

Modified

First goal was a defensive blunder. Second was clinically finished. Overall it wasn't completely a bad game but the tactical approach was not superb.

If soldiers catch this masquerade, and begin to useless him, some netizens will begin to talk nonsense about disrespect to the tradition of the land.

Mek we just forget 2026 world cup.
If u watch our friendly game against mali u go understand wetin ah dey talk