holyfather:


Most of the people that really campaigned for the present administration did so in the hopes of making returns from the proceeds of blatant state supervised corruption.
Telling this administration to kill corruption is like telling a man to shoot his own balls.
Trying to kill corruption in this administration is just like trying the same in the immediate past administration, it's next to impossible!

This analogy about shooting its balls best describes the Nigerian predicament. They know what to do but refuse to do it.... rather they are chasing crickets instead of addressing the elephant in the room

TruthsFM:
you can’t block vpn.

ISPs can block your VPN.

Sumerians:


ISPs can block your VPN.

They don't know much about the deep part of internet here in Nigeria, no need to try and educate them.

cococandy:
Just say you’re a bitter jealous person and move on

Obviously.

TruthsFM:



still it won’t stop naira to decreased. Cardoso is just confused here. In Emefiele time, he never banned Binance and other crypto wallets. It’s in Cardoso time that Binance website is been banned. I will used VPN to open it and check the dollar rate on my verified Binance account. Dey play Cardoso

Please how do I do it?

StOla:


Many like you actually do not want a solution.

You just yap day and night hungry for more economic downfall.

Blocking binance is an artificial solution.

Elliotwaveforec:
Way to go! Action President.

Poor man dn talk

Pls, how safe is P2P at this point? Does it still work?

Glock22:


Blocking binance is an artificial solution.

Federal government refuse to create jobs for unemployed graduates/youths and still going ahead to block their ways of supporting themselves. All this bad policy will eventually increase the level of insecurity.

christopheojo:


Stop the FUD!

if you call my statement FUD then no worries because I know it won't last as there is always a way out of it. I remembered a time that Twitter (X) was banned but we still found a way to use it with help of VPN, SOCKS and RDP. To be honest I am not worried about it.

DeLaRue:



That probably explains why they'll leave that as one of the last options.

But, make no mistake, it can happen.

There aren't many countries in the world that allow its citizens to open a foreign currency accounts in their country.

A UK citizen cannot open a dollar account at Natwest, Barclays or any other bank in the UK. Only foreign nationals with particular investment or employment status can do so. Can an American citizen open a Euro, Pounds or Mexican peso account on US soil. I doubt it, though I stand to he corrected.

Think about it. Domiciliary account for all and sundry makes no economic sense for a country.

In Sweden,they convert all your dollars into SEK nothing like domicilliary account.

Felimax:
Makes it all the more interesting!

We are in Nigeria but we can choose to be anywhere, do you get?

I get oo

References1:


https://www.premiumtimesng.com/business/670511-forex-crisis-nigerian-govt-blocks-binance-octafx-coinbase-others.html?fbclid=IwAR0KcvS7CTaFAcMsoeNnhW2YRLqNMrGdugb_c3Wf5_1bHB6yyLgeYXdrq6g

Previous Thread:
https://www.nairaland.com/8007407/forex-crisis-fg-plans-clampdown

Excellent move!

Felimax:
Makes it all the more interesting!

We are in Nigeria but we can choose to be anywhere, do you get?

I get oo

Elliotwaveforec:

You guys don't read news or what? The government is aiming for a single exchange rates; government doesn't want parallel market again, simple.

What you said and the subject matter have no relationship

Na them block am...na still them go still unblock am. Nollywood movie; so predictable!

lexy2014:


which "excess liquidity" are you talking about?

I'll give you a hint

23 trillion naira

In its reaction earlier on Wednesday, Binance said “users behaving in a manipulative way” will be removed from its platform

[b][/b]
This is the real cause.. Manipulation

kcprince:
How come the app is still working ?

This is another bad move against the naira. Because if i cannot hedge against inflation with usdt any more I will have no choice than to use physical dollar to hedge and I believe others previously hedging with usdt will do same. Now tell me what will eventually happen to the black market rate? Your Guess is as good as mine.

Our leaders don't understand demand and supply, currency

they are as clueless as can be

VinnyBaba:



This APC/Tinubu Gazelle Gagaraga govt don Kolo!

They are So Cornfused right now.

a typical case of "when you fail to prepare, then prepare to fail" the problem of the country don overwhelm dem, confusion is now the order of the day. From head to toe, they are all clueless.

tuoyoojo:
The fg knows what to do but rather they refuse to go after those who are the cause of the problem

Who are the people mopping up the forex . are they not politicians

How do u improve the economy

Go from consumption to production.

Invest in agriculture, improve secuity, ensure local production for exportation, improve power reduce the luxurious live styles of government, let the masses see ur sincerity that you are not paying lip services to their plight and see how things would change

Above all kill corruption. Use a few top rated people as examples and see how the country would fall in line but alas he that comes to equity must come with clean hands

Buhari did all these knee jerk response during his time. Where did it lead us to


The govt keep doing the same things and expecting different responses. Kole werk

and you think they don't know this? It's now a cliche bro. Bad market for them if they go that route. Abi u no know say the more the country dey spoil, the more they cash out? Lobatan!

tensazangetsu20:
I don't want to sound tribalistic but is the best the westerners can offer to Nigerians. This is the first time in Nigeria's history, that everything is owned by people from the west and everything is sinking rapidly.

you don't want to sound tribalistic but your statement reeks of tribalism. Na wa oo

Buhari aboki FX
Tinubu binance

I still login and enjoy transaction. Waste if time, no go mop up criminal in your system dey ban, you think Na 90 years dey binance, Na intelligence tech savvy youth

Iranu

TruthsFM:
they don’t have any power to do that now

Dey play! I give you update you dey doubt.

StOla:
Good!

A country that does not know economic security will learn the hard way like Nigeria is doing now.

Nigeria needs to reach out and learn from countries that have mastered the art of economic control and economic security.

In Nigeria anything goes.

Some even think it is their fundamental right to save up dollars inside Nigeria.

Left to me anyone who is not getting foreign remittances into their domiciliary account, should have any dollars they have stacked up till now, converted at a rate of $1 = N1.

If you have stacked up $20,000 within Nigeria, my government will convert it to N20,000 for you.

It is obvious you have more than enough to be contributing to the economic terrorism that is going on within the country, so we will help you with a conversion tax that will make you love your own Naira.

Na now the government begin wake up that you do not show mercy to wicked Nigerians.

Chronicles of a Batified Bas.tard

OsusuBishop:

Pls, how safe is P2P at this point? Does it still work?

Still does. Can never be stopped except binance itself bans Nigerians and starts freezing crypto assets of Nigerians

OsusuBishop:

Pls, how safe is P2P at this point? Does it still work?

In P2P

There is restricted and unrestricted (buy) maybe they are using vpn

Apart from genuinely and aggressively fighting corruption, do you think we would see the effects of any good policy for the next two/three years

kcprince:
How come the app is still working ?

This is another bad move against the naira. Because if i cannot hedge against inflation with usdt any more I will have no choice than to use physical dollar to hedge and I believe others previously hedging with usdt will do same. Now tell me what will eventually happen to the black market rate? Your Guess is as good as mine.

Our leaders don't understand demand and supply, currency

What would you rather suggest they do?

gaby:
Clutching at straws...

Make dem go block VPNs too na

Dull, brainless people in power.

Don’t give them ideas, VPN can be blocked!

/
US$ will take a dive soon. It has nothing to do with Tinubu or Nigerian fiscal policy. But of course, they will take credit for what they have no control over

/

muzically:
Mumu

Very mumu man like seun