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Tinubu: Alert!!! This is The Cause Of Unending Rising Naira - Politics - Nairaland

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Tinubu: Alert!!! This is The Cause Of Unending Rising Naira by Tradegood: 11:03am On Jul 18, 2023
Tinubu: Alert!!! Cause of unending rising Naira
Some aleft Tinubu's economic advisers.

Binance!

There is a section in Binanace called p2p.

These guys wake up and arbitrarily, I mean ARBITRARILY, set whatever price their hearts desire as the value they will wish to trade their dollar for Naira.

For example, they can wake up today and decide to sell $1 for N865.

And tomorrow, wake up and be fed up with N865 they will just increase it to N900.
And just like that, the whole Nigeria will become aware that Naira is whatever value these guys have set it.

I think the Govt, even Buhari tried to curb this by banning crypto then, and recently, declaring Binance Nigeria as scam.

That will not work o.
These guys will simply migrate to another platform and continue.

Nigeria has to have a talk with the Binance owners. Or the Govt itself can become a part of the p2p platform.

They have been the ones determining Naira price since crypto became popular in Nigeria.
Re: Tinubu: Alert!!! This is The Cause Of Unending Rising Naira by pafra(m): 11:14am On Jul 18, 2023
You are funny. How much was it before may 29th?

How much is it in the I & E window?
Re: Tinubu: Alert!!! This is The Cause Of Unending Rising Naira by LikeAking: 11:39am On Jul 18, 2023
Tradegood:


Nigeria has to have a talk with the Binance owners. Or the Govt itself can become a part of the p2p platform.

They have been the ones determining Naira price since crypto became popular in Nigeria.

You are wrong..

Secondly have you forgotten , the Naira has been floated?

You can now sell for whatever amount you want..

Thirdly, calculate all the dollars sold by Nigerians on Binance, it not more than $2 million.

Other countries like Kenya are also into Binance p2p, why isn't if affecting their economy?

Our president is just a good polictician, but he lack core developmental skills..

He is just one of them..

Tell me one great policy the president has implemented?

2 Likes

Re: Tinubu: Alert!!! This is The Cause Of Unending Rising Naira by LikeAking: 11:41am On Jul 18, 2023
Tradegood:
Tinubu: Alert!!! Cause of unending rising Naira
Some aleft Tinubu's economic advisers.

Binance!

There is a section in Binanace called p2p.

These guys wake up and arbitrarily, I mean ARBITRARILY, set whatever price their hearts desire as the value they will wish to trade their dollar for Naira.

For example, they can wake up today and decide to sell $1 for N865.

And tomorrow, wake up and be fed up with N865 they will just increase it to N900.
And just like that, the whole Nigeria will become aware that Naira is whatever value these guys have set it.

I think the Govt, even Buhari tried to curb this by banning crypto then, and recently, declaring Binance Nigeria as scam.

That will not work o.
These guys will simply migrate to another platform and continue.

Nigeria has to have a talk with the Binance owners. Or the Govt itself can become a part of the p2p platform.

They have been the ones determining Naira price since crypto became popular in Nigeria.

They once allowed Nigerians to trade in Naira, na Buhari change am.

1 Like

Re: Tinubu: Alert!!! This is The Cause Of Unending Rising Naira by IVORY2009(m): 11:46am On Jul 18, 2023
LikeAking:


You are wrong..

Secondly have you forgotten , the Naira has been floated?

You can now sell for whatever amount you want..

Thirdly, calculate all the dollars sold by Nigerians on Binance, it not more than $2 million.

Other countries like Kenya are also into Binance p2p, why isn't if affecting their economy?

Our president is just a good polictician, but he lack core developmental skills..

He is just one of them..

Tell me one great policy the president has implemented?



Rather the president wants to give 8k naira to the poorest of the poor, such monies would have been channelled into the purchase of public transportation buses to easy the suffering as a result of fuel increase.
Re: Tinubu: Alert!!! This is The Cause Of Unending Rising Naira by LikeAking: 11:49am On Jul 18, 2023
IVORY2009:



Rather the president wants to give 8k naira to the poorest of the poor, such monies would have been channelled into the purchase of public transportation buses to easy the suffering as a result of fuel increase.

That's Nigerian leaders for you..

1 Like

Re: Tinubu: Alert!!! This is The Cause Of Unending Rising Naira by IVORY2009(m): 12:01pm On Jul 18, 2023
LikeAking:


That's Nigerian leaders for you..



Tinubu, many of his supporters claiming he is a ginus, he has not been able to think outside the box, since resuming office as a temporary president.
Re: Tinubu: Alert!!! This is The Cause Of Unending Rising Naira by XerXers: 12:10pm On Jul 18, 2023
LikeAking:


You are wrong..

Secondly have you forgotten , the Naira has been floated?

You can now sell for whatever amount you want..

Thirdly, calculate all the dollars sold by Nigerians on Binance, it not more than $2 million.

Other countries like Kenya are also into Binance p2p, why isn't if affecting their economy?

Our president is just a good polictician, but he lack core developmental skills..

He is just one of them..

Tell me one great policy the president has implemented?

Good in politics, bad in governance
Re: Tinubu: Alert!!! This is The Cause Of Unending Rising Naira by Tradegood: 1:16pm On Sep 26, 2023
See them, p2p people.

Una well done o.
Re: Tinubu: Alert!!! This is The Cause Of Unending Rising Naira by Tolumiide: 2:42pm On Sep 26, 2023
Tradegood:
Tinubu: Alert!!! Cause of unending rising Naira
Some aleft Tinubu's economic advisers.

Binance!

There is a section in Binanace called p2p.

These guys wake up and arbitrarily, I mean ARBITRARILY, set whatever price their hearts desire as the value they will wish to trade their dollar for Naira.

For example, they can wake up today and decide to sell $1 for N865.

And tomorrow, wake up and be fed up with N865 they will just increase it to N900.
And just like that, the whole Nigeria will become aware that Naira is whatever value these guys have set it.

I think the Govt, even Buhari tried to curb this by banning crypto then, and recently, declaring Binance Nigeria as scam.

That will not work o.
These guys will simply migrate to another platform and continue.

Nigeria has to have a talk with the Binance owners. Or the Govt itself can become a part of the p2p platform.

They have been the ones determining Naira price since crypto became popular in Nigeria.

You people told us that the problem was Abokifx, we believed you. Now you're saying it's Binance. Please which one should we believe ? Do you and your paymasters understand economics at all before you talk, or you just want to talk because you get paid for talking.

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