Ekehwinz:
Aza man don dey turn dev wan come run newbies street

I go buy if e go gree make trusted gurus here doxx am.

dikings:
Nigerians actually are the cause of Naira devaluation. Let me explain better.
One thing I observe with Nigerians is that we always overdo things.. The Abuse of Crypto is the sole reason for Naira devaluation. If we tell ourselves the truth.

Please enlighten us

IMAliyu2:
A poorly written piece.
With a title like "Naira: Concerns Over Fresh Threat From Crypto Traders"

I expected to read about the set of potential threats and how they are a threat, instead it's just yapping all over the place.

The headline was meaningless and has little correlation with the content, I read it all to really determine how, crypto traders are fast becoming a threat again.

TheLoanGuy:
Belgian what?

Very shocking, it revealed quite a handful about the op

Your words are wise and eye-opening, but attaining the level where you don't get swayed by money doesn't come easy for a lot of us, not to belittle the fact in your stance because I believe it works to a great extent, but I would rather embrace a more disciplined approach to money management to build up some funds as a cushion to rely on when taking risks and applying patience becomes paramount. Most in this game are in it to cure hunger first, before poverty. Nice words once again and thanks for the enlightenment.

santos123:
thanks man. Just want to be sure of what to buy during eth etf hype

Dyor on Blur

santos123:
they is something that has been confusing me. Coins under Ethereum, is it the Layer 2 or is it all coins built on Ethereum chain?

Not all coins built on Ethereum are layer 2, most of them are just tokens, some tokens could be used for dApps also, Layer 2 are those specific solutions designed to improve the functionality of Ethereum Blockchain as a whole, either for faster transaction, cheaper transactions or scalability solution to make large and big transactions seamless, ARB,MATIC and STRK are examples of Layer 2 on Ethereum.
I might not get the explanation properly, probably others will correct me where it is needed.

It all boils down to liquidity

seanwilliam:
sometimes over analyzing will make you miss out sha.. na why people wey no too smart dey make money cos dem sabi take risk blindly ..




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Nfa, dyor

ItisHi:
For this bull season wey everything dey pump abi na futures he go do?

He might be trading Futures and bet against the market.
Or he probably aped into some shitcoins

Looks like a degen player if it truly was crypto, or he was probably into Futures, a lot of people got liquidated due to the high volatility of the market at the moment.

iLegendd:
You see this long wick in the image below? I was among the people that were used for sacrifice.

I started shorting when it pumped 50% and was probably at $10. I had no stop loss. A group called Binance Wave pumped it to $41 in few minutes just to hurt us. When they were done, they posted on their Telegram laughing with the caption, "We nuked those mõfos."

When I was bleeding, my hands started shaking. I lost my senses and I didn't even remember there is something called "close all positions."

About 5 other coins did this to me 2 years ago and this made me understand lots of things and developed strategies around it.

Also, it made me not to place so much value on money because you can lose it all at anytime.

If God gives Herbert Wigwe a second chance to come back to life, but he'll forfeit all he has and starts life afresh, he'll gladly accept it.

The summary is: Money is just a flying paper. Don't be too emotionally attached to it for the sake of your mental health and to avoid heart attack.

Work with what you can lose and still smile. Even after making this money that brings so much joy, it could still take your life when you want to spend and enjoy it. So, have a strategy, but be emotionally detached to a good extent.

This type of image below will happen multiple times this year and next, so be prepared.

In fact, TRB has already done it this year.

WORDS

LincolnOnyeabor:


Many people will loose years and Years of Hardwork Accumulations to Leverage this Season!

It's just the Fact.

Volatility is so high

OKOATA:
Its better to shut up on issues you know nothing about. Most of you APC guys are just too archaic. Damm.

Let's try and enlighten them, Blockchain and crypto is relatively new and just gaining prominence, a lot of people still don't know what it entails.

vonlogon:


All this banning crypto here and there is just a scheme to perpetuate their poverty agenda, believe me this government don't want anybody getting richer, they believe it's the reason for all the Japa. The figure is getting scarier by the day.

You are right but to be honest with ourselves we know there are bad actors who feel they can inflict some damage on Naira with the hope of tarnishing the Govt, but they are traceable as long as they use CEX like Binance and the likes, just that it seems they are clueless or doesn't have the morale/integrity/courage to go after these bad actors that is causing headache for the naija cryptoverse

It is all muddled up, how was $26bn if they couldn't trace, at least they must have used some data to make such an estimate.
The real bad guys/players avoid CEX at all cost, but those who seek full anonymity patronizes Decentralized Exchanges(DEX)

lexy2014:


which crimes did the BDCs commit that makes them part of the problem?

They are notorious for quoting USDT price for USD, they increased the volatility of naira with their USDT rates

Chijohn42k:
thanks. That means no need to panic. I can fund any of the wallet you mean.

Yeah just ensure send to the right chain to avoid loss of funds

Chijohn42k:
Good Day Boss, I will like to know if the USDT TEther bought on Binance is it one of USDT Tron or USDt Ethereum. I search on their website (Binance) couldnt see any info except USDT(Tether).
I wanted to fund some website they are asking me if it is usdt tron or usdt Ethereum. Thanks in advance.
And any other able member.

You will first have to determine the chain the receiving address is on(in most cases the chain of the address is always specified by the website), once you know that, you can choose the chain while sending on binance, binance supports at least 13 chains for USDT, but I use avax and bsc, due to their low fees. I hope this is comprehensive enough.
Edited**

patorial:


Do you even understand that USDT is not Dollar and Binance doesn't sell Dollar.

God bless you, a lot of people need enlightenment, the fact that USDT is pegged to the doesn't make it the dollar in any way, USDT is a just a stable cryptocurrency that is pegged to the dollar but also subjected to the volatility that is known with other cryptocurrency, we've seen instance of USDT depegging.

kowalsky:


Banning Binance is one thing, the absurd reasons I just read up there is another thing entirely. This country is hopeless.

How can a representative of govt state on quote that it's the responsibility of the CBN to fix Naira rates compared to other currencies traded in a free market. The ineptitude and incompetence this statement exposes is baffling. I mean if that were true why doesn't the CBN just 'fix' the Naira at 1NGN to 1USD.


Even more baffling is the legion of illiterate, poverty stricken, cursed-to-grovel-at-the-feet-of-politicians Nigerians currently praising these daft statements and their attendant policies.

Most first world countries with liens on the activities of Binance limit it to the securities and futures traded on the platform. Nothing to do with buying cryptocurrencies at whatever rates.
Most of those limitations are pending full registration and disclosure by Binance. If Binance decides to (unlikely they would) engage full financial and anti money laundering compliance said limitations will be defacto dissolved.

These fools who've been grounded by hate, abject poverty, and frankly an innate thirst for suffering continue grasping straws with innane rhetorics like Binance is banned in other countries.
Brainwashed by the sermons of crass politicians who ride bulletproof lexuses bought with money meant for their children's education they've become the classic cases of stockholms syndrome.

Destitute men, failures. Even if they manage to live off bread crumbs from their slave owners, it's just a matter of time before the hen comes to roost.
Your children will be fvcked and abused by these men and their sons.
Your generation will forever continue to thirst for luxuries they can only admire from a distance.
You will be forever remembered as that political arslicker

Lotta suffering to go around. Many Nigerians will die pitiable deaths - hopefully most of them are these brainless mofos.

Was happy this ban was implemented. Once the palliative effect it had on Naira rates wears off interested in seeing where next the goal post will be moved to.

You couldn't have said it more right, a lot of people don't really understand the concept of floating a currency, and they also don't understand that USD and USDT are completely different.
I only blame the unpatriotic lot among Nigerians that are always quick to quote and share screenshots of USDT rates from Binance as a means to defend some kind of agenda with regards the last general election. Those who use USDT rates from Binance for USD are the ones to be blamed. I expect Binance to fight this to the end.

I think you meant a non-custodial wallet, not a custodial wallet.

verminnel:
If the poo stinks abnormally and it throws up its probably parvo virus.pls get a better vet for proper diagnosis,there's a chance it "may" be parvo

Exactly my thoughts too but I think it could be a gastrointestinal problem, since puppies have a sensitive stomach, just like with my 12weeks gsd. My dog was wrongly diagnosed based on symptoms like that. I overpaid for the treatment but I was glad I asked a lot of questions from the vet treating him if not my dog would have undergone a painful procedure for days.

[quote author=seunH post=128178209][/quote]
So sorry I didn't see your reply since it wasn't explicit, I only noticed your reply now that I saw a new mention.
The dog is fine now, active, playful and alert.
His ailment wasn't Parvo although every of his symptoms was synonymous with Parvo. The vet only assumed it was Parvo due to what I told him. I would have used a clinic where a proper diagnosis would have been carried out but I have none nearby or any that I know of.
Back to the issue, after reading so many things online I concluded he must have been suffering from overeating, bloating and or indigestion. I am a first time owner, and I was truly giving him plenty food(booster can and soaked Jojo dry food). His tummy was always round and bulky. I have reduced his food now and observing him closely. Thanks

Hi good afternoon,
My 11wks Gsd vomited a foamy white mucus-like substance with smelly poop 2 days ago, I told the vet what I observed and he said Parvo
He started treating with him, and said he would give him an IV yesterday, but the moment the vet left on Wednesday, he was active and barking although with a limp in the leg where he was injected. He is even walking fine now, no limp at all and received another injection today.
He ate a little food later that evening with the advice of the vet since he hasnt eaten for close to 24hours, and he didn't vomit the food.
Now the vet ruled out Parvo and he reduced his treatment days to 3 days but my concern now is, he has lost appetite for food again today, he ate yesterday, the whole can. And his poop was normal and not smelly.
But today he won't even touch his food at all only drank water, just lying down with a little rumbling in his stomach every few minutes but will bark if there is a knock on the gate.
Should I be worried or is it the injections that is making him weak and with little appetite. Thanks

I am interested

The best thread I have come across this year, I feel enlightened, more wisdom to every contributor on this thread. I wish more of thread like this would gain prominence here.

The court today ruled that $xrp isn't a security, the ruling has given life to crypto market

Arkham is launching on binance, join now and enjoy airdropped crypto when it launches.

Join here

https://platform.arkhamintelligence.com/waitlist?referrer=ZmQ2YzVjNmJlMDA3MjA1NTYxZTU5ZWU2ODdhZTQ2OTJjYWIzNDg3NTc1ZjZlNmMwODdlNDc1YjJmZTlhNTMxYjdjMWNmZWU0NWVjOWU4NTBkYWVlNzdhOTRlMWM1NTFiZGNjYTQzMDY0Mzk4NzM

It will be the coolest and easiest money anyone can make.

HitlerWasRight:


See the rubbish this supposed legislator is saying.

You can't account for how you came about money abi ?

He is saying those who have no known source of income are living free while he, with factories in states is the one labeled as a thief, while those who have no known source of income are not tagged as thieves, you have to listen to the video, the transcription didn't do justice to that line.

All Rights Reserved
TheCable

Viewpoint
Who will love this country?

AUTHOR:
Simon Kolawole
AUGUST 20, 2022 11:55 PM

On Wednesday, May 21, 2003, Dr Olu Agunloye, then minister of power and steel, presented a memo to the federal executive council (FEC). He sought its approval to award a build, operate and transfer (BOT) contract for the Mambilla Hydropower Project to Sunrise Power and Transmission Ltd, a company promoted by Chief Leno Adesanya. The project, conceived in 1972, has suffered several setbacks and limp attention in a country badly in need of electricity to power its economy. Mambilla was projected to generate 3,960 megawatts of electricity. For context, Nigeria’s current biggest hydro power plant has the capacity to generate only 800mw — and it was built in 1968.

According to a former minister who attended that FEC meeting, President Olusegun Obasanjo expressed surprise that despite discussing the Mambilla project extensively with Agunloye the previous day, the minister still brought the memo to council when he should have withdrawn it. Obasanjo reportedly said he spent considerable time explaining that proper work was needed in the power sector to avoid what befell the steel sector where government started so many projects that it could neither fund nor complete. If NEPA was a private business, he reportedly told FEC, it would have long been declared bankrupt. He pointed in the direction of a proper power reform framework.

Obasanjo, in his concluding remarks, reportedly said the project should be private sector-driven, asking the ministers to apply caution in negotiating government participation in all projects with investors because of the financial and legal implications for the country. After his intervention, Vice-President Atiku Abubakar added his voice, suggesting that other options should be explored by the ministry for the Mambilla project, including possible zero participation by the government so that it could be entirely private sector-driven. At the end of deliberations, FEC failed to approve Agunloye’s memo, asked him to withdraw it, and said that the development should be revisited in the future.

Lo and behold, the following day, May 22, Agunloye picked his pen and wrote to Sunrise, saying he was “pleased” to convey the “approval” of the Nigerian government for the award of the contract at a “provisional sum of $6 billion”. This was one week to his exit from office. Pronto, Sunrise replied on May 26 to accept the “offer”. Nevertheless, Obasanjo did not recognise the “contract” during his second term. When Sunrise wrote to the ministry in August 2003 asking for payment for “pre-EPC” development, Senator Liyel Imoke, the new minister, wrote back to say there was no approval to engage Sunrise. He said a bidding process would soon open and advised Sunrise to tender.

Someone could argue that the lack of FEC approval was a housekeeping matter and not Sunrise’s headache. After all, Agunloye was a minister and he wrote on behalf of Nigeria. However, in his letter, Agunloye said the contract “is subject” to five pre-conditions: one, negotiations on the duration, which he put at “30 or 40 years”; two, tariff should be agreed with the Nigerian Electricity Regulatory Commission (NERC); three, the equity participation of the government should be between 0% and 10%; four, the initial capital outlay should be accurately determined by all parties; five, a special purpose vehicle should be incorporated if government participation was agreed at 0%.

This is where it gets more interesting: there is no record that the discussions between federal government and Sunrise as stipulated in Aguloye’s letter ever took place. Therefore, at best, Agunloye’s “award” was inchoate — like a TV without power — since the pre-conditions to activate the contract were unmet. More so, there was not a single reference to Sunrise in all official discussions around Mambilla after Agunloye’s letter. In fact, on January 10, 2007, Alhaji Ahmed Abdulhamid, then minister of state for energy, sent a comprehensive memo to FEC on Mambilla. There was no mention of Sunrise, understandably since there was no FEC approval in the first place.

Insisting that it already had a contract in place, Sunrise headed to court in June 2007 following the award of the civil works and hydraulic steel structure contract to the CGGC-CGC Joint Venture by the federal government. It claimed $960 million for alleged breach of contract. Chief Michael Aondoakaa came in as attorney-general in June 2007. He tried to get Sunrise back on board, claiming that President Umaru Musa Yar’Adua was “angry” that the Agunloye contract was not “respected”. The CGGC-CGC contract was eventually revoked by Yar’Adua in 2009. The project stalled until President Goodluck Jonathan, who assumed power in 2010, tried to get the project back on track in 2012.

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Attempts to settle out of court with Sunrise failed. The court refused to enter the terms of settlement and threw out Sunrise’s application. Things kept going to and fro until President Muhammadu Buhari, who came to office in 2015, decided to revive the project. In November 2017, Sunrise headed for arbitration at the International Chamber of Commerce (ICC) in France after the turnkey contract was awarded to the CGGC/CGCOC/Sinohydro JV following a memo from Mr Babatunde Fashola, then minister of power. Sunrise’s claims posed a serious legal challenge to the JV (which was to be financed 85 percent by the China Ex-Im Bank), effectively stalling the project again.

In arbitration, Sunrise is asking for a compensation of $2.3 billion, claiming it had spent “millions of dollars” between 2003 and 2009 on financial and legal consultants. In a second arbitration, Sunrise is asking for a $400 million settlement being the terms of the agreement it entered with the federal government in 2020 to end the legal challenge. There are other little details. The declared total assets of Sunrise in its CAC filing is N1 million (about $2,000), with zero turnover. It has never executed a power project before, apart from maybe buying a standby generator for its office in Victoria Island, Lagos. Yet it got a $6 billion “contract” from the government of Nigeria!

The moment Mr Abubakar Malami, Buhari’s AGF, entered the fray, things were never going to be the same again. In fairness to him, he seemed to have felt genuinely misled in his first legal opinion dated July 24, 2017 which he sent to Prof Yemi Osinbajo, then acting president. Malami had said Sunrise should be engaged as a “local content partner” as a means of “accommodating its prior contractual interests on the project”. But in another letter dated August 17, 2017, Malami backtracked, saying this opinion was based on the limited materials he had. He said he had now realised there was no FEC approval for the so-called contract that was awarded by Agunloye in 2003.

Sunrise is arguing that there was no requirement for FEC approval, which could well be legally correct, but why on earth did Agunloye convey a withdrawal as an approval? How did a company with $2,000 assets get a $6 billion contract? How did a company that has never done a power project get a contract to build a 3,960mw plant? These are the questions Agunloye has to answer as we struggle to get out of this mess. Sunrise can continue to wave Agunloye’s piece of paper in our face but the people of Nigeria deserve to know what went down in 2003 that has brought us into this sorry pass. It is so tragic that there is hardly anything government officials do that can pass the smell test.

As I was saying, Malami, being Malami, kept changing his mind and was soon predictably involved in a curious “settlement agreement” to “pay off” Sunrise in March 2020. Working hand-in-glove with Mallam Saleh Mamman, then minister of power, they committed the federal government to paying $200 million to Sunrise “within 14 days”, failing which Nigeria would pay another $200 million fine, making it $400 million in total. We also inserted a clause that if we failed to pay the $400 million, Sunrise should take Nigeria back to the ICC. More curiously, we even agreed that the arbitration should be fast-tracked, although the upper threshold for expedition is for a $3 million claim.

In effect, Malami and Mamman (M&M, for short) loaded a gun — or were handed a loaded gun — to point to their own heads. Actually, it is not their own heads. It is the heads of Nigerians. M&M would not suffer personal consequences. It is Nigerians, you and I, that will pay the price, not M&M. Buhari, who wanted the Mambilla to be his legacy, abruptly replied Malami’s request for $200 million in April 2020 with a simple “FG does not have USD 200 million to pay SPTCL”. With no $200 million or $400 million forthcoming, Sunrise quietly withdrew the second arbitration “without prejudice”. I understand the company is now preparing a P&ID-like assault on Nigeria. God save us.

But why is Nigeria like this? The Paris Club noose comes to mind. In 2006, Nigeria paid $12 billion to the Paris Club of Creditors to get $18 billion debt written off. Because the money was taken from the central purse, states and councils that did not owe Paris Club, or did not owe that much, demanded a refund. If not that Nigeria is full of scammers, the calculation for refund could easily have been done by FAAC. Microsoft Excel would help. But is it not Nigeria? Consultants were curiously engaged to do the calculation in exchange for a cool $418 million as commission. The great Malami has done another “settlement agreement” and is hell-bent on paying them despite a pending legal challenge.

My heart bleeds for Nigeria. While I refuse to give up on this beautiful, beautiful country, I cannot blame those who have thrown in the towel. It is glaring that many people in authority do not have the interest of this country at heart. Who is really interested in our progress? There are so many cases similar to Mambilla and Paris Club hanging on our neck across the world, some dating back to decades. It is a major industry and it is booming perversely. Meanwhile, I am still trying to understand how the accountant-general allegedly carried out a N109 billion heist while we were busy borrowing to service our debts. Pray, who will love this country? Depressing.

https://www.thecable.ng/who-will-love-this-country/amp

Why are our lawmakers still using the shouting of Yes and Nay for votes at this time of civilization, too bad

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