₦airaland Forum

doxijaw:
Nigerian females are like a bad deal for the Nigerian male , if you compare to what you can get elsewhere in terms of attractiveness, loyalty, greed and entitlement mentality.

When they're struggling they wh.re around expecting every dick to feed them.

When doing ok, they become vicious and despise any males considered to be of lower status.

When rich, they refuse to commit to any man unless it's a mega wealthy type.

Nigerian guy's should look elsewhere for females, these hoes ain't shit.

Masterito:
I am interested in this one behalf of my relative. Please can you tell about not?

sharone21:
Release of quantities of maize benefits companies not individuals. Hoping that it will force down prices of things maize is used to produce if not, no effect on the masses.
If it were countries like Benin/Cotonou, Cameroon, maize is very much like a staple food like garri since it is processed and used for daily consumption with their soups( eg groundnut soup for Cameroonians) and for pap. This is in lieu of garri and flour( yam, cassava, semo varieties) that we cherish. Maize there too is for BREAD and feed for animals.
Unless CBN releases this for Nigerians to grind in place of rising cost of garri, for bakeries, animal feed etc.

RichardRandy:
This is not true I not IBO but I stayed in Cameron came just less then few years ago
U people should stop all this hatred.
Crimes in Nigeria is not particar to any tribe.
Even a south Africa there was this news of Yoruba Yoruba bouts who took a south African gal to their house tied her and take turns to her sex with her and video her.
It even trended on twitter "NIGERIA MUST FALL" by southafricans..

wizygreat2000:
Peace of mind win the raise �

Jac007:
Tackle insecurity and you'll be able to focus on infrastructural development in the state. Akeredolu is kinda fearless and is bent on flushing out unscrupulous elements in his state. Other southwest governors should follow his footsteps and ensure safety of lives and properties.

I could remember those days when the only scary things in the bush are wild animals, the narrative is no longer same as "human wild animals" would not let one have peace on your own farm.

All traps we set for wild animals will be taken away by this useless fulanis and they'll still destroy the farm. I'm just tired of everything jare. I'm considering snail farming at home as going to the main farms is no longer safe.

Swanzi:
Same way Ivory Coast and Ghana share more Cultural ties as compared to Nigeria in fact some Ghanaians have relatives in Ivory Coast and Vice versa ... but yet Ghanians prefer Nigeria to the Ivory Coast ..
Could be maybe our link to the British can’t tell...

But how did u come to the conclusion that Cameroonians are more friendlier than Ghanians that has to be figment of ur own imagination...

comrodioodio001:
https://www.google.com/amp/s/www.vanguardngr.com/2021/02/delta-govt-clarifies-airport-concession-approves-construction-of-more-roads/amp/

AnonPoet:
Why Nigeria BANNED Bitcoin - What you Should Know


https://www.youtube.com/watch?v=5KYJo7clwyQ

In this video, I discuss CBN’s (Central Bank of Nigeria’s) decision to ban cryptocurrency. In February of 2021, the CBN issued a letter stating that banks are prohibited from transactions with companies that deal In cryptocurrency. This has led to massive devastation and huge losses for businesses. This is my summary of the situation and my recommendations. What are your thoughts?

The First CBN Letter in 2017

The first circular on Cryptocurrency by the CBN was a letter in 2017 which they referred to cryptocurrency as Virtual Currencies. The concern of the CBN was that Crypto is untraceable, anonymous and hence can be used by criminals to launder money and finance terrorism.

The SEC Notes on CryptoCurrency

The SEC, which is the Security and Exchange Commission in Nigeria whose main duty is to regulate investments and securities in Nigeria called cryptocurrency an asset. A digital asset.

The “Ban” of Crypto Currency in 2021

All of that brings us to today, where the CBN issued a letter in February of 2021 that dealing in Bitcoin or any cryptocurrency for that matter by banks is prohibited or in other words, it’s been banned forbidden.
More “details” also came out about how the FBI tipped the CBN that some Nigerians were using bitcoin to target stimulus packages from the US and the west in bitcoin, this was on the front page of ThisDay Newspaper.

The Numbers

According to a Quartz article, Nigeria, in the last 5 years, Nigeria has traded over 60,000 bitcoin or 566 million dollars which is second only to the US on Paxful.

Not just that though, there was a report by Stears that Nigeria traded as high as $200 million dollars in Bitcoin per month aka over 95 billion Naira way more than the Nigerian Stock Exchange did in the span of 3 months in the 2nd quarter of 2020. That is crazy! The BuyCoins CEO on Medium stated that in Nigeria they traded more than $141 million dollars in 2020 alone, that’s over 67 billion Naira, similarly, BitSika on Twitter posted that they also transacted over $39 million dollars of which Nigerians deposited $18 million dollars, that’s a total of almost $200 million dollars in a year and that’s just 2 companies.

Why did the CBN Ban Crypto?

The CBN is most likely worried about 2 things, one is Fraud. Nigeria is kind of infamous for the word 419, there’s the case of the “yahoo boys”. The other is the reason which would have made CBN ban Bitcoin is the strain on foreign exchange. The CBN has been making a lot of moves to help the Naira and stop more US dollars from leaving Nigeria. So last year, they banned the use of dollars for food and fertilizer imports, they reduced the spending limit on many many Naira cards, I think the limit is like $100 per month

The Result So far (How we are Affected)

Immediately after that announcement was made, cryptocurrency companies like Quidax, BuyCoins, Binance, Patricia and the likes have issued similar statements. They mostly mentioned that now you cannot fund your account with Naira anymore. What this simply means is that Nigerians cannot buy Bitcoin with their Naira, which cuts off cryptocurrency exchange platforms so you would only have to trade with someone you know who already has bitcoin one on one.

Solution: Way Forward

Speaking of solutions. Going back to the roots of trading bitcoin by P2P or Peer to Peer trading with individuals on platforms that power it. Right now on almost all these platforms, you are able to send and receive bitcoin into your wallet so you’re covered. One major platform that works is Paxful. Also, If you’re a freelancer who mainly receives foreign exchange, or you still want to keep trading bitcoin and/or just want to secure your finances, work on creating a Domiciliary account in Nigeria.

What are your thoughts about what’s going on? Would you say the CBN was right by doing this? Could they have done something better? Just let me know what your thoughts are in the comments.

southpole:
Can you mention only one person among the millions of people who bought bank IPOs in 2006 and 2007 that has recovered his or her capital? I am not even talking about making profits. Just one person out of millions that has recovered his capital from that investment. Waiting for your response