Altcoins Talks - Cryptocurrency Forum
Local => Nigerian Languages => Topic started by: Tribalchief on February 20, 2024, 12:53:30 AM
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$1 to 1700naira done bcum the trending mata for de country, as things no cum dey funny again. Prices of things dey Increase/change the very moment we wake up from sleep, abi make we no cum dey sleep for night again? :'(. Mr president done already talk say there is no other way, so make we no even talk about the government.
How to survive in Nigeria should be a movie title, as per say the thing they meet majority. Sadly, de thing still dey affect those wey dey earn in dollars in one way or the other. Make I explain how:
Assuming the price of dollar to naira was 1500 as at last week, and the price of bottle drink na 200. Then, this week, the price of dollar to naira cum increase go 1700, there is no way we go get bottle drink for same amount, as e fit increase go 250 too.
Recently, i almost get issue with person wey dey sell, bcus of how price of something fit change 3times within 2days. No cap, things tough.
Way forward
We as citizens know the problem, but the solution matter's most. The only thing I can say is "Keep doing what works for you ". As long as you dey make profit, keep up with watin u dey do. Every body for fit do banking work, everybody no fit do crypto, every body no fit do teaching, just do your thing.
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Yeah e don even increased the more self and we fit reach 2k before the month or two months Time since price of things dey increase on a regular basis without control. People fit die for this wey country and e fit lead to crisis or protest where them go say we no need we president again, before we been dey talk of Buhari now na BAT why e be say we no dey luck for anything good leadership abi them carry am swear for us say make we no get better person as president and I again me no know how him take occupied there wey be say him no win election not even by selection.
In God we put our Trust.
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Lol... omo the country nothing funny again aswear, e just to sleep sef just kuku tire me, I no wan go sleep wake up hear say 1 cube of sugar don reach 1k...lol , omo my fellow 9ja people what is the way??
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Have you checked binance recently? the price of one dollar is now up to 1,800 naira and all merchants are now hodling their bags very close to themselves.
I just tried to get some more coins from them and I couldn`t get any - to get usdt now, you have to buy through credit card because no merchant have an active ads on binance during the period this post was made.
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Na wetin we see for our country. You wake up dollar change price, you go to market goods change price na wetin you buy yesterday be that o. OP, you dey talk of people wey dey earn in dollar is still dey affect them. The people I dey pity most na dey people wey be state government workers. The ones wey dey never pay minimum wage. There own worst past.
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Have you checked binance recently? the price of one dollar is now up to 1,800 naira and all merchants are now hodling their bags very close to themselves.
I just tried to get some more coins from them and I couldn`t get any - to get usdt now, you have to buy through credit card because no merchant have an active ads on binance during the period this post was made.
Is now around 1875 naira per dollar, dollar is not slowing down at all and I believe before the end of this month or around next month e go hit 2k. Which e nor go dey pretty at all because the rate things one tey rise nor be here ohhh. They got to take action fast before dollar go go hit 5k
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That price was f #1700 to a $1 was last week exchange rate as of today the current exchange is #1900 to a $1 while #2500 to a £1 and the prediction is to hit 5k before this year go end and pound go hit 10k and at that time nobody go fit go market again so this is the best time to protest. Because di way I see things in the country dat is should be di solution or make military personnels takeover di country.
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Way dey forward by God's grace, president talk say Dem no go fit do anything,e no give us small hope self wey we go use take encourage ourselves,e just tell us the truth, say nothing government go fit do.
Watin e mean bi say everybody go carrie there cross oooooh,the don remove them self, I mean government for the matter.
Any how shall, but the truth bi say, any how wet dollars grow omo we go survive.
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Way dey forward by God's grace, president talk say Dem no go fit do anything,e no give us small hope self wey we go use take encourage ourselves,e just tell us the truth, say nothing government go fit do.
Presently, dollar to naira is less volatile and dollar is not that increasing in value if compared to naira as it was before. When OP created this thread, he said 1 dollar is equals 1700 naira, but as of today, it is around 1600 to naira and the volatile significantly reduced. Although it would have been more than this in the parallel market, but government have done their best to manipulate the parallel market, making it similar with the official rate.
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Way dey forward by God's grace, president talk say Dem no go fit do anything,e no give us small hope self wey we go use take encourage ourselves,e just tell us the truth, say nothing government go fit do.
Presently, dollar to naira is less volatile and dollar is not that increasing in value if compared to naira as it was before. When OP created this thread, he said 1 dollar is equals 1700 naira, but as of today, it is around 1600 to naira and the volatile significantly reduced. Although it would have been more than this in the parallel market, but government have done their best to manipulate the parallel market, making it similar with the official rate.
You are right dollar have reduced significantly to 1600.i was able to use the exchange today, and the rate was 1599 naiaria to one dollar. But the problem sti lies in the country, which is the price of commodities skyrocketing. The dollar has drop but marketers are still increasing the price of things in the market, and the cost of living is getting more expensive. This shows that it was not the price of dollar that was the problem, but the incompetency of the present government. By now the cost of commodities should have reduced.
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Way dey forward by God's grace, president talk say Dem no go fit do anything,e no give us small hope self wey we go use take encourage ourselves,e just tell us the truth, say nothing government go fit do.
Presently, dollar to naira is less volatile and dollar is not that increasing in value if compared to naira as it was before. When OP created this thread, he said 1 dollar is equals 1700 naira, but as of today, it is around 1600 to naira and the volatile significantly reduced. Although it would have been more than this in the parallel market, but government have done their best to manipulate the parallel market, making it similar with the official rate.
For how long will they continue to manipulate the parallel market? Floating the naira was a very "rushed" decision; the only reason the naira is at 1550 is that the government is secretly subsidising it to maintain the black market near enough to the official price to prevent arbitrary opportunities.
I've been patient with this government and the new CBN Governor, but I'm not seeing any positive signs yet. If proper precautions are not taken, the naira will reach N2000 before December.
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For how long will they continue to manipulate the parallel market? Floating the naira was a very "rushed" decision; the only reason the naira is at 1550 is that the government is secretly subsidising it to maintain the black market near enough to the official price to prevent arbitrary opportunities.
Yes. The federal government manipulated the parallel market. I think Aboki FX was banned. They threatened Binance to the extent that Binance started controlling the parallel market of its Nigerian P2P and later stopped providing naira pair services to Nigerians. Other exchanges are now fearing the government and indirectly started controlling the P2P price. If a buyer or seller wants to use a rate higher than the official rate, they are restricting them. Not only on crypto exchanges but other places also. So I can say the government manipulation is resulting to naira unification which the government wanted.
I've been patient with this government and the new CBN Governor, but I'm not seeing any positive signs yet. If proper precautions are not taken, the naira will reach N2000 before December.
I can remember that when the government Binance issue began, naira later depreciated to $1301. Later it depreciated to ₦1560 and now around ₦1600. Despite the government manipulation, naira continues to depreciate. They do not tackle what is causing naira depreciation which is low production.
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I can remember that when the government Binance issue began, naira later depreciated to $1301. Later it depreciated to ₦1560 and now around ₦1600. Despite the government manipulation, naira continues to depreciate. They do not tackle what is causing naira depreciation which is low production.
Sincerely speaking our problems is not Binance rather our governor if they can tackle this and leave Binance alone the better for them the main thing is that they should bill them to pay task because in US no company can operate without taxation.
If Binance adhered to whatever they are saying then their staff should be released and let the user continue to use the exchange. Our problems is Aboki fx this people are really manipulating the market and they are one controlling the market.
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If Binance adhered to whatever they are saying then their staff should be released and let the user continue to use the exchange.
Maybe it has been given without people knowing but no information that Binance is ready to give Nigeria government the lists of top 100 Nigerian P2P traders on Binance.
Our problems is Aboki fx this people are really manipulating the market and they are one controlling the market.
AbokiFX has suspended its operation in Nigeria since last year. So the trading platform is not the one manipulation the market. It is also just like Binance P2P that individual set their own rate.
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I am still confused why the price is still going up upon all the dreams with Binance and other cryptocurrency exchanges in the country. Presently the price or the exchange rate is USD1 = NGN1564.71 even as this we are still praying for good Nigeria. Last week again President Tinubu said they should extend the Binance Staff detention until the needed information are given. And I don't think Binance is ready to release such vital information to Nigeria Government.
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I am still confused why the price is still going up upon all the dreams with Binance and other cryptocurrency exchanges in the country. Presently the price or the exchange rate is USD1 = NGN1564.71 even as this we are still praying for good Nigeria. Last week again President Tinubu said they should extend the Binance Staff detention until the needed information are given. And I don't think Binance is ready to release such vital information to Nigeria Government.
They will look for more people to arrest and more people to blame for their cluelessness, because by now it should be obvious to them that it was not binance or even the naira speculators that they blamed that is the cause of the problem of the naira. They are just chasing shadows and ignoring the real problem, like they do not know it.
It is very embarrassing that one of the detained binance executives is still in custody, it is a shame.
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I am still confused why the price is still going up upon all the dreams with Binance and other cryptocurrency exchanges in the country. Presently the price or the exchange rate is USD1 = NGN1564.71 even as this we are still praying for good Nigeria. Last week again President Tinubu said they should extend the Binance Staff detention until the needed information are given. And I don't think Binance is ready to release such vital information to Nigeria Government.
They will look for more people to arrest and more people to blame for their cluelessness, because by now it should be obvious to them that it was not binance or even the naira speculators that they blamed that is the cause of the problem of the naira. They are just chasing shadows and ignoring the real problem, like they do not know it.
It is very embarrassing that one of the detained binance executives is still in custody, it is a shame.
It is obvious that they are bereft of ideas to revive the economy and strengthen the naira value against dollar as they have been wanting to do. They know the main people behind all these and do not want to take actions against them but rather they are just dancing around and doing what is just minuit of what they are expected to do.
You could imagine what the binance CEO said In an interview that the government want to take bribe so that they could close the case and release their representative here. It is unfortunate that those who did that exposed the corrupt and sharp practices their agencies have long endulge themselves into. These are the real problems of Nigeria because they would prefer to take bribe than doing right thing that is supposed to be done . Just imagine sending them against those companies and businesses that transacts with dollar instead of naira. The reverse would be the case because they would opt for taking bribe that doing the needful.
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I am still confused why the price is still going up upon all the dreams with Binance and other cryptocurrency exchanges in the country. Presently the price or the exchange rate is USD1 = NGN1564.71 even as this we are still praying for good Nigeria. Last week again President Tinubu said they should extend the Binance Staff detention until the needed information are given. And I don't think Binance is ready to release such vital information to Nigeria Government.
They will look for more people to arrest and more people to blame for their cluelessness, because by now it should be obvious to them that it was not binance or even the naira speculators that they blamed that is the cause of the problem of the naira. They are just chasing shadows and ignoring the real problem, like they do not know it.
It is very embarrassing that one of the detained binance executives is still in custody, it is a shame.
Who else noticed the rapid gain of Naira two days ago on P2p market? Saw N1,100 on Bybit just when I was about to trade , I knew it was false dip so I logged out and came back the next day and it was already 1,480 barely 24hrs. I have the feeling that the FG is about to subsidize the Naira again with our foreign reserves just like old times since they have no solution to offer.
A country surviving on imported goods for consumption will always have a weaker currency. It's a basic economics but the people up there with various academic degree don't even know or care to ask for help.
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I am still confused why the price is still going up upon all the dreams with Binance and other cryptocurrency exchanges in the country. Presently the price or the exchange rate is USD1 = NGN1564.71 even as this we are still praying for good Nigeria. Last week again President Tinubu said they should extend the Binance Staff detention until the needed information are given. And I don't think Binance is ready to release such vital information to Nigeria Government.
They will look for more people to arrest and more people to blame for their cluelessness, because by now it should be obvious to them that it was not binance or even the naira speculators that they blamed that is the cause of the problem of the naira. They are just chasing shadows and ignoring the real problem, like they do not know it.
It is very embarrassing that one of the detained binance executives is still in custody, it is a shame.
Who else noticed the rapid gain of Naira two days ago on P2p market? Saw N1,100 on Bybit just when I was about to trade , I knew it was false dip so I logged out and came back the next day and it was already 1,480 barely 24hrs. I have the feeling that the FG is about to subsidize the Naira again with our foreign reserves just like old times since they have no solution to offer.
A country surviving on imported goods for consumption will always have a weaker currency. It's a basic economics but the people up there with various academic degree don't even know or care to ask for help.
So where is all there efforts to control dollars against Naira so it could be reduce to something else, watch now all there efforts seems to be wasted and yet dollar keeps gaining over Nigeria Naira and yet the upper hands not doing anything against it why.. because they are the people who are special dollars this includes during election and campaign period they kept spending it and now they want to automatically control the price even as that the importation ratios is extremely high therefore the country can't survive if there's no production rather than depending on consumption.
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So where is all there efforts to control dollars against Naira so it could be reduce to something else, watch now all there efforts seems to be wasted and yet dollar keeps gaining over Nigeria Naira and yet the upper hands not doing anything against it why.. because they are the people who are special dollars this includes during election and campaign period they kept spending it and now they want to automatically control the price even as that the importation ratios is extremely high therefore the country can't survive if there's no production rather than depending on consumption.
Right now at the time of posting this, the dollar is #1445 in ByBit, well I will say it has come down a little bit because two days ago it was #1536. When Jagaban enter I was also one of the people that were saying that things would come down very well for people to buy buy ironically everything casablanca. And as e be like this thing e no go better for Nigeria if Jagaban nai be di president. If Atiku go enter naim be di worst. Even Peter Obi is not trusted. And for now this is how we are going to manage till 4 years. And I pray that he should not win again in the next election.
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So where is all there efforts to control dollars against Naira so it could be reduce to something else, watch now all there efforts seems to be wasted and yet dollar keeps gaining over Nigeria Naira and yet the upper hands not doing anything against it why.. because they are the people who are special dollars this includes during election and campaign period they kept spending it and now they want to automatically control the price even as that the importation ratios is extremely high therefore the country can't survive if there's no production rather than depending on consumption.
Right now at the time of posting this, the dollar is #1445 in ByBit, well I will say it has come down a little bit because two days ago it was #1536. When Jagaban enter I was also one of the people that were saying that things would come down very well for people to buy buy ironically everything casablanca. And as e be like this thing e no go better for Nigeria if Jagaban nai be di president. If Atiku go enter naim be di worst. Even Peter Obi is not trusted. And for now this is how we are going to manage till 4 years. And I pray that he should not win again in the next election.
The government is just confused with their old brains and low thinking. What did you expect that will happen to dollar after all the manipulation in price for the value of Naira to increase in figure but not in the market. It will not last for long because only natural things last for long. The government should stop beating around the bush and confusing themselves chasing shadows when they know the real problem of the country but they don't want to solve it because of their greedy and corrupt mind. The value of dollar to Naira is not our problem, but bad and corrupt leaders is our problem.
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The government is just confused with their old brains and low thinking. What did you expect that will happen to dollar after all the manipulation in price for the value of Naira to increase in figure but not in the market. It will not last for long because only natural things last for long. The government should stop beating around the bush and confusing themselves chasing shadows when they know the real problem of the country but they don't want to solve it because of their greedy and corrupt mind. The value of dollar to Naira is not our problem, but bad and corrupt leaders is our problem.
I was really disappointed with Tinubu Government because I was not expecting this to happen. This the same statement was made by former "Minister of Women Affairs and Youth Development under President Olusegun Obasanjo’s administration". https://sunnewsonline.com/nigeria-under-buhari-tinubu-has-fallen-abysmally-hajia-aishatu-ismail-ex-minister-2/?amp. Really the expectation of the citizens.feom this government was very high and what Peter Obi said is the truth. The problem is Nigeria election is not the INEC but the judiciary. The electorates have nothing to say and do. Their votes were not even counted but the decision was taken by the court to select their preferred candidate as president. And we have seen all.
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The government is just confused with their old brains and low thinking. What did you expect that will happen to dollar after all the manipulation in price for the value of Naira to increase in figure but not in the market. It will not last for long because only natural things last for long. The government should stop beating around the bush and confusing themselves chasing shadows when they know the real problem of the country but they don't want to solve it because of their greedy and corrupt mind. The value of dollar to Naira is not our problem, but bad and corrupt leaders is our problem.
This is what you get when you allow old folks govern a nation with young inspiring youths. I am beginning to think this whole dollar naira saga is a Kind of a intentional as one of their strategies to while away time distracting the citizens from government activities as they continue to loot our natural resources.
They are fighting Crypto and accusing Crypto exchanges of causing naira devaluation how about the crude oil sales they do is it not in dollars? Or we sell oil atleast we should tell the international community that we prefer they buy in our own currency and see how it goes. Atleast this would show their seriousness in combating the naira devaluation after all we are the sellers which gives us much right to choose what currency to transact with which should be in our own naira.
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Have you checked binance recently? the price of one dollar is now up to 1,800 naira and all merchants are now hodling their bags very close to themselves.
I just tried to get some more coins from them and I couldn`t get any - to get usdt now, you have to buy through credit card because no merchant have an active ads on binance during the period this post was made.
Is now around 1875 naira per dollar, dollar is not slowing down at all and I believe before the end of this month or around next month e go hit 2k. Which e nor go dey pretty at all because the rate things one tey rise nor be here ohhh. They got to take action fast before dollar go go hit 5k
I pray make the price no reach 5k becos e no go dey funny for country, even as it is now we go here different price in the market soon, and normally marketers dey wait make dollar price rise even the ones wey know nothing about dollar.
the government no care about citizens and we too dey contribute to the problem that's why the problem dey hard us to solve but I pray make e good one day