Altcoins Talks - Cryptocurrency Forum
Local => Nigerian Languages => Topic started by: Igebotz on February 21, 2024, 08:13:31 AM
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As the topic says; The Nigeria government as usual is moving mad and this time they are going after independent Marchant on DEX in an attempt to save Naira Depreciation. Now it's difficult to BUY any assets above the fixed N1800 on Binance so traders are already moving back our old traditional Telegram and WhatsApp P2p. Just last week EFCC were shooting at black marketers at one Abuja market. Sometimes I wonder if those running the CBN and other financial institutions get basic economy degree at all.
I remembered 3 years ago the FG led by PMB went after the AbokiFX and the Naira kept deprecating afterwards. These are not solutions.
What do you guys think? De matter dey tire person for real.
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Use KuCoin, OKX and Bybit for your P2P - avoid Binance they have betrayed all of us, they collaborating with the FG to ban any trader going above 1809/$.
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Ehen, no wonder I enter binance yesterday see say no merchant get any active ads for usdt and the rest and the 2-3 merchants wey bring their own up were restricted.
The truth be say the people wey dey on top nor dey reason wetin their actions go cause, them go just wake up and do anything that comes to their mind - thank god say nor be only binance I for dey run my level if I see say I nor fit use Binance I go just jejely go another exchange run my business there.
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Can Nigerian government fix the exchange rate by attacking p2p traders on Binance so that the price doesn't go beyond N1,800? It looks like this administration doesn't know what they are doing. Even if they've success on Binance, what happen to other p2p trading trading platform like bisq.network, telegram and Whatsapp group? This is not a solution to the arrest the depreciating naira.
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Use KuCoin, OKX and Bybit for your P2P - avoid Binance they have betrayed all of us, they collaborating with the FG to ban any trader going above 1809/$.
they really think say nah only binance most of us dey use. Because of something like this binance go lose plenty customer, so I go other exchange selling with nice rate then I would nah sell mine on binance Nahhh. Thank God say me duh dey jejely dey adopt to bybit for my p2p dealings. And their rate still nice so am basing on there recently
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Ehen, no wonder I enter binance yesterday see say no merchant get any active ads for usdt and the rest and the 2-3 merchants wey bring their own up were restricted.
The truth be say the people wey dey on top nor dey reason wetin their actions go cause, them go just wake up and do anything that comes to their mind - thank god say nor be only binance I for dey run my level if I see say I nor fit use Binance I go just jejely go another exchange run my business there.
The current black market rate is $1/N1900 but Binance Merchants are not allowed to to set Buy/sell beyond the N1800 market cap that's why most sellers are moving to other exchanges..
Can Nigerian government fix the exchange rate by attacking p2p traders on Binance so that the price doesn't go beyond N1,800? It looks like this administration doesn't know what they are doing. Even if they've success on Binance, what happen to other p2p trading trading platform like bisq.network, telegram and Whatsapp group? This is not a solution to the arrest the depreciating naira.
It won't help the Naira but it would cause us a lot of inconvenience to trade and trading off P2P exchanges would increase scam and so on.
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As the topic says; The Nigeria government as usual is moving mad and this time they are going after independent Marchant on DEX in an attempt to save Naira Depreciation. Now it's difficult to BUY any assets above the fixed N1800 on Binance so traders are already moving back our old traditional Telegram and WhatsApp P2p. Just last week EFCC were shooting at black marketers at one Abuja market. Sometimes I wonder if those running the CBN and other financial institutions get basic economy degree at all.
I remembered 3 years ago the FG led by PMB went after the AbokiFX and the Naira kept deprecating afterwards. These are not solutions.
What do you guys think? De matter dey tire person for real.
Sadly, there is a shocking revelation that relieves that those in authority are also behind the depreciation of Nigeria naira. This is cra*y. The naira to dollar rate keeps increasing, and the government are forcing Binance Marchant to maintain a particular price. This is a massive disgrace, as this people don't have solutions, but uses other avenue as an excuse to their failure.
Thank God for the kind country wey we dey. "Update no dey finish, because update is always up-to-date" - Dlaw
the struggling and hard working individuals Will always find a way out because we can't suffer for the mismanagement of old men.
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Use KuCoin, OKX and Bybit for your P2P - avoid Binance they have betrayed all of us, they collaborating with the FG to ban any trader going above 1809/$.
Binance traders will run short of customers and they will have no option than to start selling at the normal price above 1800. So this was why when I tried selling some USDT yesterday, all the merchant canceled my order because of what FG told them. Why FG no tell Dangote to sell cement at 9k. The problem will still be there and Naira will keep on depreciating if the government don't start producing more goods than consuming. This our government self, una sure say them understand economics.
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As me dey always talk our country matta no be wetin pesin go put mouth because last time we see how them been dey worry binance say them go begin pay tax after that them con say na Binance dey cause why dollars dey surpress Naira meanwhile na same FG dey make dollars scase for bank whereby if you go bank you go hardly get am there instead them go reference you go meet aboki for street to buy dollars there. The official rate for bank fit be 1700 or lesser but them fit instruct those aboki to sell am 1900 making price to high and binance traders fit pick up that price aboki dey sell. Now tell me where binance dey at fault currently, is binance now out new president or is binance now controlling our economy?
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Binance traders will run short of customers and they will have no option than to start selling at the normal price above 1800.
Most merchants you see on Binance also have accounts in several other exchanges. The reason why Binance is popular is because that's what most newbies use, and its also very easy to navigate. And since FG don decide to raise their ugly heads for Binance mata all merchants don disperse to their other exchanges (them don mention most of them already) and before you know everybody go relocate and if Fg still put mouth for the rest - nah to just run go DEX or dey run our local p2p the way men first take dey run am before the era of cex.
Can Nigerian government fix the exchange rate by attacking p2p traders on Binance so that the price doesn't go beyond N1,800? It looks like this administration doesn't know what they are doing. Even if they've success on Binance, what happen to other p2p trading trading platform like bisq.network, telegram and Whatsapp group? This is not a solution to the arrest the depreciating naira.
It obviously won`t have any effect. The only thing I believe this restriction will do is just stress those who have some coins that they want to sell and have never used any exchange before OR haven`t completed their KYC verification on any other exchange.
Naija Govt are always fond of neglecting the real issues or things that will bring bettermetn to the situation of the country and start attacking the little thigns that will have no effet on the economy. It`s pretty sad that these same people will still contest for power, and yet graduates and intellects in our society will still go to their polling unit and cast their vote for them despite knowing their incompetence.
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I see this information for news headline today morning and I was like "what is really wrong with the Nigerian government?, sometimes, I dey wonder na person do the government of this country wetin dey worry them.
Our naira dey depreciate, instead of them to work hard to improve our economy, which could be the solution to our naira's instability, they dey busy dey chase traders wey no be their fault say naira dey increase on daily basis.
Me Don sit down dey look to see where this fight go end, sometimes, I dey wonder how I manage end up in Nigeria 🤔
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As the topic says; The Nigeria government as usual is moving mad and this time they are going after independent Marchant on DEX in an attempt to save Naira Depreciation. Now it's difficult to BUY any assets above the fixed N1800 on Binance so traders are already moving back our old traditional Telegram and WhatsApp P2p. Just last week EFCC were shooting at black marketers at one Abuja market. Sometimes I wonder if those running the CBN and other financial institutions get basic economy degree at all.
I remembered 3 years ago the FG led by PMB went after the AbokiFX and the Naira kept deprecating afterwards. These are not solutions.
What do you guys think? De matter dey tire person for real.
Sadly, there is a shocking revelation that relieves that those in authority are also behind the depreciation of Nigeria naira. This is cra*y. The naira to dollar rate keeps increasing, and the government are forcing Binance Marchant to maintain a particular price. This is a massive disgrace, as this people don't have solutions, but uses other avenue as an excuse to their failure.
The last administration spent the entire tenure chasing after AbokiFX and crypto, placing restrictions on Naira cards for international shopping and all and yet the problem wasn't solved. Until there is more dollar inside the bank and less dollar on the street and banks are allowed to sell to individuals, the Naira will keep dipping.
As me dey always talk our country matta no be wetin pesin go put mouth because last time we see how them been dey worry binance say them go begin pay tax after that them con say na Binance dey cause why dollars dey surpress Naira meanwhile na same FG dey make dollars scase for bank whereby if you go bank you go hardly get am there instead them go reference you go meet aboki for street to buy dollars there. The official rate for bank fit be 1700 or lesser but them fit instruct those aboki to sell am 1900 making price to high and binance traders fit pick up that price aboki dey sell. Now tell me where binance dey at fault currently, is binance now out new president or is binance now controlling our economy?
The rate was floated, no official rate.
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Thank God for the kind country wey we dey. "Update no dey finish, because update is always up-to-date" - Dlaw
the struggling and hard working individuals Will always find a way out because we can't suffer for the mismanagement of old men.
I swear my brother, that wan wey you talk sweet me well well for body o. No matter watin our government try take stop our progress, we go still survive. The government wey we get na the worst and a big disgrace to the country. They have no solution to our problems and keeps blaming others for their foolishness and inability to boost the country's economy. Watin concern binance traders and naira depreciation exactly? Make Dem dey play Sha. As you talk am, update no dey finish ;D
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Ehen, no wonder I enter binance yesterday see say no merchant get any active ads for usdt and the rest and the 2-3 merchants wey bring their own up were restricted.
The truth be say the people wey dey on top nor dey reason wetin their actions go cause, them go just wake up and do anything that comes to their mind - thank god say nor be only binance I for dey run my level if I see say I nor fit use Binance I go just jejely go another exchange run my business there.
My brother no be small oo, if to say I no come hear this thing hear I for really know watin dey sup because the thing shock me as I see how vendor price for binance just go down so drastically and I be wan even ask this question about people actually noticing this because as I enter my bybit exchange the price was really different where as na binance rate before dey always dey ontop but for now e come be the opposite. Well as you talk am na so the matter go be because men get other exchanges to trade coins so na binance go only lose their customers because we go always go where the rate is sweet and okay.
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The Naira is currently stable now, the temporary solution simply creates buying dip opportunities, hope you guys are taking advantage of this to stack more dollar? Arresting BDC and and limiting access to Binance and other CEX is only a temporary solution. We all know what happened after AbokiFX was sized two years ago and what happened afterwards.
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The Naira is currently stable now, the temporary solution simply creates buying dip opportunities, hope you guys are taking advantage of this to stack more dollar? Arresting BDC and and limiting access to Binance and other CEX is only a temporary solution. We all know what happened after AbokiFX was sized two years ago and what happened afterwards.
Exactly, it is only a temporary thing, and before you know it the price of Naira will still depreciate to dollar again. Currently, buying dollar is good because it will be used as a hedge to inflation. The government should think of tackling the major cost of inflation and not disturbing people that are doing their own business to survive in the country. I don't know who is giving the government this wrong advice that intimidating those in the exchange market will stop the depreciation of Naira.
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The Naira is currently stable now, the temporary solution simply creates buying dip opportunities, hope you guys are taking advantage of this to stack more dollar? Arresting BDC and and limiting access to Binance and other CEX is only a temporary solution. We all know what happened after AbokiFX was sized two years ago and what happened afterwards.
Exactly, it is only a temporary thing, and before you know it the price of Naira will still depreciate to dollar again. Currently, buying dollar is good because it will be used as a hedge to inflation. The government should think of tackling the major cost of inflation and not disturbing people that are doing their own business to survive in the country. I don't know who is giving the government this wrong advice that intimidating those in the exchange market will stop the depreciation of Naira.
What border's me most is the government don't focus on the important things rather the focus on what's not supposed to be focused. In what way do they think that limiting binance from selling above 1800 will help the country? My question is who are the advisors of the governments? Who's given them this advise, however the country state now doesn't make anything easy for anyone anymore, so we all have to work smarter to make a living and no more depends on the government for any better jobs because even the government doesn't pay salaries and when they pay the salaries can't afford your bill the whole month.
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Sometimes, Naija govt go approve of crypto ATM all over the market I dey doubt am. One Oga go wake up one morning stop am say it do dis it day. Three ago dey banned Twitter now see wetin dey de do with binance. I trust Naija people. Dey don fine another way jeeje dey run dia thing. Naija govt na wahala.
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As me dey always talk our country matta no be wetin pesin go put mouth because last time we see how them been dey worry binance say them go begin pay tax after that them con say na Binance dey cause why dollars dey surpress Naira meanwhile na same FG dey make dollars scase for bank whereby if you go bank you go hardly get am there instead them go reference you go meet aboki for street to buy dollars there. The official rate for bank fit be 1700 or lesser but them fit instruct those aboki to sell am 1900 making price to high and binance traders fit pick up that price aboki dey sell. Now tell me where binance dey at fault currently, is binance now out new president or is binance now controlling our economy?
Na why @Sim_card dey doubt if they understand economics. This people are literally clueless, but only go after things that are taxable. Those aboki on the street, are literally what has made some bank owners big men today. They stake the money of a nation just to enrich their pocket. Na why we go reach bank, dem go tell us say no cash. If cash no bank, where e suppose dey ?.
The nation is now in a state were we have to buy cash with cash, which is also part of why our currency devalues. Those who are technologically conscious are already advancing into other medium of payment, and choose to uses cash in few occasions.
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As the topic says; The Nigeria government as usual is moving mad and this time they are going after independent Marchant on DEX in an attempt to save Naira Depreciation. Now it's difficult to BUY any assets above the fixed N1800 on Binance so traders are already moving back our old traditional Telegram and WhatsApp P2p. Just last week EFCC were shooting at black marketers at one Abuja market. Sometimes I wonder if those running the CBN and other financial institutions get basic economy degree at all.
I remembered 3 years ago the FG led by PMB went after the AbokiFX and the Naira kept deprecating afterwards. These are not solutions.
What do you guys think? De matter dey tire person for real.
Them think say na only binance we dey use for this country there try to bring us down but we no dey gree for anybody this year guys they are other crypto currency exchange you can use like bybit their rate are high also what is federal government is trying to do is not good but we move.
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The nation is now in a state were we have to buy cash with cash, which is also part of why our currency devalues. Those who are technologically conscious are already advancing into other medium of payment, and choose to uses cash in few occasions.
The CBN and banks failed when POS became a job for many Nigerians, ATM are not longer loaded as it used to be, everyone now depends on buying cash from POS retailers. Before now, you walk into your bank and get your money but now Banks barely attend to other withdrawals. Now kids grow up and think it's normal to buy Naira with Naira.
Them think say na only binance we dey use for this country there try to bring us down but we no dey gree for anybody this year guys they are other crypto currency exchange you can use like bybit their rate are high also what is federal government is trying to do is not good but we move.
Honestly this is a temporary solution as there are some marchants accounts that manipulate the black market rate on Binance, regulating the price there is not a bad step but it's not going to help the Naira for the long run if the adequate measures are not put in place. Ban the use of Dollar in Nigeria, clear banklogs, make FX available at the bank and make it accessible.
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And finally the requested restrictions have effected today across centralized exchanges in the country. Binance now has stopped or disabled the p2p button with Nigeria naira. This one wey dem do na the wrong thing ever. They would have regulated it from their end and all those exchanges would adjust it T their end to follow up the government tag price of doy with Naira. Federal Government always thick wrongly. They knows that people are using the exchanges to buy and sell bitcoin and other cryptocurrencies yet they asked that to disable it. That is Weakness. And now that they have finally disabled naira in Binance app, let see how the naira go be in the country. When they have all those nonsense laws that fighting against the economy.
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And finally the requested restrictions have effected today across decentralized exchanges in the country. Binance now has stopped or disabled the p2p button with Nigeria naira. This one wey dem do na the wrong thing ever. They would have regulated it from their end and all those exchanges would adjust it T their end to follow up the government tag price of doy with Naira. Federal Government always thick wrongly. They knows that people are using the exchanges to buy and sell bitcoin and other cryptocurrencies yet they asked that to disable it. That is Weakness. And now that they have finally disabled naira in Binance app, let see how the naira go be in the country. When they have all those nonsense laws that fighting against the economy.
Federal government no really no watin be the problem for this country because dem just set all their mentality for the ceasing of binance and I think dem dey do this because of the popularity of binance and the number of Nigeria wey dey use am. Just the other day them been record a huge amount of money wey dey comot for binance to Nigerian banks and the CBN governor dey ask how and who dey operates these transactions and dem na the reasons the CBN dey upset about regulating binance and the huge volume of users there.
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And finally the requested restrictions have effected today across decentralized exchanges in the country. Binance now has stopped or disabled the p2p button with Nigeria naira. This one wey dem do na the wrong thing ever. They would have regulated it from their end and all those exchanges would adjust it T their end to follow up the government tag price of doy with Naira. Federal Government always thick wrongly. They knows that people are using the exchanges to buy and sell bitcoin and other cryptocurrencies yet they asked that to disable it. That is Weakness. And now that they have finally disabled naira in Binance app, let see how the naira go be in the country. When they have all those nonsense laws that fighting against the economy.
And me just Dey refresh since thinking day nah the bad network wey Dey my area cause am make I nor see any ads for merchants. Make better people do come enter government, we don tire to see people wey their brain Dey inside freezer Dey rule us - so many misguided priorities.
I even check the list of currencies for binance p2p just now - naira nor Dey the list again, meaning once you change to a different currency you nor go fit put am for ngn again. Well sha this one nor do me anything I don already go wake up my accounts for other exchanges nah to make deposit continue business remain for me nothing more.
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And finally the requested restrictions have effected today across decentralized exchanges in the country. Binance now has stopped or disabled the p2p button with Nigeria naira. This one wey dem do na the wrong thing ever. They would have regulated it from their end and all those exchanges would adjust it T their end to follow up the government tag price of doy with Naira. Federal Government always thick wrongly. They knows that people are using the exchanges to buy and sell bitcoin and other cryptocurrencies yet they asked that to disable it. That is Weakness. And now that they have finally disabled naira in Binance app, let see how the naira go be in the country. When they have all those nonsense laws that fighting against the economy.
Not all Centralized exchange, only Binance is so far affected and just lost millions of Nigerians on that exchange, no way CZ was going to bully by the Nigerian Government, the new Binance CEO is weak and advice everyone to move to OKX and Bybit for P2P trading.
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Not all Centralized exchange, only Binance is so far affected and just lost millions of Nigerians on that exchange, no way CZ was going to bully by the Nigerian Government, the new Binance CEO is weak and advice everyone to move to OKX and Bybit for P2P trading.
It is not only Binance but others also follow check my thread in bitcointalk in our local board today. Roqqu is also disabled and probably remitano might follow as well so many centralized exchanges p2p is no longer working in the country again so people are looking for another alternatives to use the p2p.
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Not all Centralized exchange, only Binance is so far affected and just lost millions of Nigerians on that exchange, no way CZ was going to bully by the Nigerian Government, the new Binance CEO is weak and advice everyone to move to OKX and Bybit for P2P trading.
It is not only Binance but others also follow check my thread in bitcointalk in our local board today. Roqqu is also disabled and probably remitano might follow as well so many centralized exchanges p2p is no longer working in the country again so people are looking for another alternatives to use the p2p.
I just hope that FG doesn't not extend this restriction to other exchanges if not, it will be a problem for Nigerians to trade their cryptocurrency for Naira and vice versa. Binance was the first that FG targeted, because they are the most famous, and even people that don't know anything about cryptocurrency, or don't have any cryptocurrency have Binance app on their phones. I just hope it is only them that FG should think of.
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Not all Centralized exchange, only Binance is so far affected and just lost millions of Nigerians on that exchange, no way CZ was going to bully by the Nigerian Government, the new Binance CEO is weak and advice everyone to move to OKX and Bybit for P2P trading.
It is not only Binance but others also follow check my thread in bitcointalk in our local board today. Roqqu is also disabled and probably remitano might follow as well so many centralized exchanges p2p is no longer working in the country again so people are looking for another alternatives to use the p2p.
Isn't Roggu a Local based exchange? I will never have my coins on exchanges like that. OKX, Bybit, KuCoin and remitano are still processing Naira payments and the NGN p2p is still functional. They do not have leverage on theses exchanges.
The three Binance reps arrested in Nigeria was the leverage they had on Binance, heard those reps are still in EFCC custody. We don see worse situations wey pass this ones na so we go overcome too. Every CBN Governor always have something to blame.
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board today. Roqqu is also disabled and probably remitano might follow as well so many centralized exchanges p2p is no longer working in the country again so people are looking for another alternatives to use the p2p.
I have tried both Bybit and kucoin and they are both working fine with ngn, meaning that FG haven’t done anything to them yet only binance have halted its transactions with ngn.
I just hope that FG doesn't not extend this restriction to other exchanges if not, it will be a problem for Nigerians to trade their cryptocurrency for Naira and vice versa.
If they should extend it to other exchanges we’ll be forced to move to decentralized p2p exchanges and trade over there or go back to the old times when transaction were done over WhatsApp - but the only issues we’ll face will be scams, unless you know the person physically you’ll most likely fall for scammers. But I know for sure that we’ll survive.
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I think the Nigerian government are not taking the right approach to regain the value of naira, these shooting and violence means they are using will not only cause violence, but it can cause death and other unimaginable disaster .they removed Nigeria P2p in binance which has affected most Nigerian youth, these are not solutions and they won't solve the problem at hand. The government should take neccesaey actions.
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As I see say watin I wan yarn nah exactly the same with this topic nai make me nor just both deh create new thread.
The matter Wey I bring come make we put mouth nah concerning the $10 billion dollars fine Wey we Government don slam for Binance head.
I believe say majority of us don't already hear the news, and some of us don't already locate other exchanges weu still get naira for their p2p system but the issue now be say what if binance decides to close all accounts Wey run Nigeria KYC? He get some people for Naija when he be day all their coins nah binance dem dey keep am, if something like this sup how dem go waka? I just dey reason am since when I come across that news, Abi he nor dey possible for binance to block all Nigerian kyced account?
Abeg made Una shook mouth for the matter small make I hear wetin Una get to talk for the Mata.
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As I see say watin I wan yarn nah exactly the same with this topic nai make me nor just both deh create new thread.
The matter Wey I bring come make we put mouth nah concerning the $10 billion dollars fine Wey we Government don slam for Binance head.
Nigeria government denied placing $10B fine on Binance (https://cointelegraph.com/news/nigeria-denies-report-of-10-billion-binance-fine)
I believe say majority of us don't already hear the news, and some of us don't already locate other exchanges weu still get naira for their p2p system but the issue now be say what if binance decides to close all accounts Wey run Nigeria KYC? He get some people for Naija when he be day all their coins nah binance dem dey keep am, if something like this sup how dem go waka? I just dey reason am since when I come across that news, Abi he nor dey possible for binance to block all Nigerian kyced account?
All the Nigeria government wanted was Binance to disabled the NGN from the platform, they have no interest of blacklisting or restricting Nigerians from using the platform for crypto and other currency trading. NGN to be dislisted soon.
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Nigerian government denied placing $10 billion fine on Binance (https://cointelegraph.com/news/nigeria-denies-report-of-10-billion-binance-fine)
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All the Nigerian government wanted was for Binance to disable the NGN from the platform; they have no interest in blacklisting or restricting Nigerians from using the platform for crypto and other currency trading. NGN is to be dislisted soon.
I believe this answers my question. I initially thought there might be a total removal of Nigerians from their site due to the "fake $10 billion" fine, but since they (FG) have denied it, my fear of purging Nigerians has settled.
By the way, thanks for the article link.
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As the topic says; The Nigeria government as usual is moving mad and this time they are going after independent Marchant on DEX in an attempt to save Naira Depreciation. Now it's difficult to BUY any assets above the fixed N1800 on Binance so traders are already moving back our old traditional Telegram and WhatsApp P2p. Just last week EFCC were shooting at black marketers at one Abuja market. Sometimes I wonder if those running the CBN and other financial institutions get basic economy degree at all.
I remembered 3 years ago the FG led by PMB went after the AbokiFX and the Naira kept deprecating afterwards. These are not solutions.
What do you guys think? De matter dey tire person for real.
Omo, Nigerian government sha. It seems like the people at the helm of the country's finance don't have basic Economics degrees at all.
E dey very pathetic, but how we go do?? It's better to look out for other alternatives.
Personally, since this saga start, na Bitget I the use for my crypto based transactions and P2P. You fit try am too after diligently doing your own research.
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As the topic says; The Nigeria government as usual is moving mad and this time they are going after independent Marchant on DEX in an attempt to save Naira Depreciation. Now it's difficult to BUY any assets above the fixed N1800 on Binance so traders are already moving back our old traditional Telegram and WhatsApp P2p. Just last week EFCC were shooting at black marketers at one Abuja market. Sometimes I wonder if those running the CBN and other financial institutions get basic economy degree at all.
I remembered 3 years ago the FG led by PMB went after the AbokiFX and the Naira kept deprecating afterwards. These are not solutions.
What do you guys think? De matter dey tire person for real.
Omo, Nigerian government sha. It seems like the people at the helm of the country's finance don't have basic Economics degrees at all.
E dey very pathetic, but how we go do?? It's better to look out for other alternatives.
Personally, since this saga start, na Bitget I the use for my crypto based transactions and P2P. You fit try am too after diligently doing your own research.
All the economic team in the previous and the present government is illiterate and they are just there to destroy the whole country economy and not to build it. They would behave using this opportunity not develop the economy with bitcoin. This fight they are engaging with centralized exchanges is just a waste of time because p2p will never and ever be removed from the ecosystem therefore it is better for them to accept bitcoin in the country.
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As the topic says; The Nigeria government as usual is moving mad and this time they are going after independent Marchant on DEX in an attempt to save Naira Depreciation. Now it's difficult to BUY any assets above the fixed N1800 on Binance so traders are already moving back our old traditional Telegram and WhatsApp P2p. Just last week EFCC were shooting at black marketers at one Abuja market. Sometimes I wonder if those running the CBN and other financial institutions get basic economy degree at all.
I remembered 3 years ago the FG led by PMB went after the AbokiFX and the Naira kept deprecating afterwards. These are not solutions.
What do you guys think? De matter dey tire person for real.
Omo, Nigerian government sha. It seems like the people at the helm of the country's finance don't have basic Economics degrees at all.
E dey very pathetic, but how we go do?? It's better to look out for other alternatives.
Personally, since this saga start, na Bitget I the use for my crypto based transactions and P2P. You fit try am too after diligently doing your own research.
I don da hear this platform from evrybody. Be like na the reigning one now. How their rate be? E legit?
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All these things, the Nigeria government just want Binanve company to pay them, because when they put this their law even black market rate was higher than 1800/1$.
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I don da hear this platform from evrybody. Be like na the reigning one now. How their rate be? E legit?
which of the platform you dey talk? You mean Bitget? Well me too I never use am so I can't really tell but the one wey I know shey e dey legit and e dey like Binance na OKX. Their price even better pass Binance vendors. So if you like am you can also test run the OKX.
All these things, the Nigeria government just want Binanve company to pay them, because when they put this their law even black market rate was higher than 1800/1$.
As we dey tok black market price e still dey on di high side. Nigerian government never know where di problem is coming from and we call dat one in literature... "Dramatical Irony" in which the creator of the problem no know say na him be di cause of the problem but him dey use dey blame other people. Nigerian government is the cause of everything that is happening in the country. And all because of their nonsense economic policies naim dey cause all this egbege.
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Yesterday's rate- Not much has changed since Binance and exchanges restrictions.
Wed 13 Mar, 2024 • 11:00 AM
1 USD ⇛ ₦1,615.930
1 GBP ⇛ ₦2,061.296
1 EUR ⇛ ₦1,758.548 1 CAD ⇛ ₦1,183.852