It has been awhile but it keeps coming to my mind to ask this question to know more about the posts to report or not to report. I reported this post to be deleted:

Stake Platinum 2 LVL 2 verified for Sale

It was marked as bad. It is the last post on the image below:




I like to report sales of accounts on KYC sites like exchanges. If you check Stake terms of service, sales of accounts is even against one of the rules there. All Stake customers must even go for KYC even before they can be able to deposit now.

I think I reported some posts like this before that were deleted. What makes this one special?

I do not really read Nigerian news anymore after I do not see any good development in the country the way I prefer to see it but there are sometimes that some news are shocking.

How can a leader says people with dread lock should be arrested, cut their dread lock and be fined? Saying the hair style is linked to insecurity in the state 

I guess he got the information from the police because some Yahoo guess like fashion. But is it only Yahoo guys that are doing such hairstyle? Those Boko Haram and known Bandits that I have seen before on news have normal hairstyles and they do not do fashion.

Good to see that he has changed his decision after public outcry when I saw this news.

https://punchng.com/niger-gov-makes-a-u-turn-on-dreadlocks-ban-following-public-outcry/

You can check the price of sUSD which is a stable coin: https://www.coingecko.com/en/coins/susd

The coin is not backed by United States dollars but by locking up SNX tokens. This makes the price of sUSD to depend on the SNX stability.

After the many fails of algorithmic, many people still prefer to be using algorithmic stable coin. This will not be the last among them. Let us see if the coin will recover or its doom has just began.

Do not be surprised if you do not see the site accessible on May 1. You can see their announcement here on this forum on their service thread: eXch - instant exchange BTC / LN / XMR / LTC / ETH / ERC20

Know that Lazarus group has been a threat to everyone even to sites that have signature campaign on this forum. Remember they were responsible for for Sinbad shutdown and now responsible for the shutdown of eXch. eXch was reported to have been used by Lazarus group in laundering $35 million worth of coins from the $1.4 billion Bybit hack. eXch said only little amount worth of coins is linked to Lazarus group.

Be it linked to the hack or not, or maybe the coin that eXch processed for the hackers is not up to the investigated amount, we just know that Lazarus group is responsible for what that happened.

[Not bill signed. Do not let the title confuse you. Such bill can never even be signed I think.]

 

See House of Representatives.

They do not know what they can make into law again, but think those that do not vote now during elections will be jailed 

Seriously, I can not stop laughing after I read this.

I was not reading their boring Nigerian news but I just thought to read it yesterday and I saw it. But it was National Association of Nigerian Students (NANS) reaction about it that I read.

https://punchng.com/nans-threatens-protest-over-bill-to-jail-non-voters/

Not bill signed. Do not let the title confuse you. Such bill can never even be signed I think.

I thought I chose Chelsea but I chose a different club.



I know the odds are very similar to what the odd would have been for the Chelsea versus Tottenham that has just been played. Chelsea won.

When the match ended, I checked my Stake.com account to see the little amount that I won but I did not see anything. I clicked on settled bet to know that I chose another league.

I laughed immediately. I can not say I am happy about it but I am neither sad and I am chilling right now and excited. Just a tiny amount of money.

I hope this will serve as a lesson to some people that can make this kind of mistake. The reason I brought it here.

There was a time I made a transaction through my GTbank master card to order an item on Konga, the transaction failed. I called Konga, they told me the money is with GTBank that I should go to the bank. I went to the bank and I was told to fill a report form which I did. I did not get refund back. I went to the bank two times. It was ₦5960 but that was 2012.

There are many news that I have read online that people will voice out about how bank want to scam them. But if we can see many news like that, how many would have happened that these banks officials have stolen from people. It happens frequently. The one I read about 2 days ago but surfaced on the news 10 days ago shocked people. You can watch it here:

https://youtu.be/bMDO89sArdU?si=05hHenX9T1y-BLPl

The man noticed ₦55 million was lost from his account. He investigated and noticed that the money was stolen by bank officials. That pissed him off and wanted to terminate his fixed deposit of ₦500 million. He was told that the money has been withdrawn. He sued FirstBank. They stole his money.

I am surprised that someone can hold ₦500 million in fixed deposit but he is not a young person but an elderly man which we should expect something like that.

You can lose bitcoin also through scam or wallet hack, but they are very easy to avoid if you read about it. Naira that is depreciating in price.

They will be more than these. Only the ones that was researched on and found to be Ponzi schemes are known. I hope people know the difference between Ponzi and pyramidal scheme. It is easy to know a pyramidal scheme but Ponzi scheme is hard too know.

According to Oyewale, some of the flagged companies include Wales Kingdom Capital, Bethseida Group of Companies, AQM Capital Limited, Titan Multibusiness Investment Limited, Brickwall Global Investment Limited, Farmforte Limited & Agro Partnership Tech and Green Eagles Agricbusiness Solution Limited among others.

The statement added, “Richfield Multiconcepts Limited, Forte Asset Management Limited, (Biss Networks Nigeria Limited, S Mobile Netzone Limited, Pristine Mobile Network), Letsfarm Integrated Services, Bara Finance & Investment Limited, Vicampro Farms Limited, Brooks Network Limited, Gas Station Supply Services Limited, Brass & Books Limited, (Annexation Biz Concept & Maitanbuwal Global Venturescrowdyvest Limited,) and Crowdyvest Limited.

“Others are: Jadek Agro Connect Limited, Adeeva Capital Limited, Oxford International Group and Oxford Gold Integrated, Skapomah Global Limited, MBA Trading & Capital Investment Limited, TRJ Company Limited, Farm4Me Agriculture Limited, Quintessential Investment Company, Adeprinz Global Enterprises, Rockstar Establishment Limited, SU.Global Investment, Citi Trust Funding PLC, Farm Buddy, Eatrich 369 Farms & Food, Globertrot Farmsponsors Nigeria Limited, Farm Sponsors Limited, Cititrust Credit Limited, Farmfunded Agroservices Limited, Adamakin Investment & Works Limited.

“The rest include: Cititrust Holding PLC, Green Eagles Agribusiness Solutions Limited, Chinmark Homes & Shelters Limited, Emerald Farms & Consultant Limited, Ovaioza Farm Produce Storage Limited, Farm 360 & Agriculture Company, Requid Technologies Limited, West Agro Agriculture & Food Processing Limited, NISL Ventures Limited & Estate of Laolu Martins, XY Connect Investment Limited, River Branch Unique Investment Limited, Hallmark Capital Limited, CJC Markets Limited, Crowd One Investment, Farmkart Foods Limited, KD Likemind Stakeholders Limited, Holibiz Finance Limited, Ifeanyi Okpe Oil & Gas Services, Servapps Nigeria Limited, Barrick Gold Mining Company and 360 Agric Partners Limited.”

I have seen people gotten scammed this way. My friend was scammed like 2 years ago and lost over 1 million naira to a ponzi scheme. It was about investing in farming.

One of the things responsible for the falling GDP is devaluation of naira. But no devaluation since naira got to 1800 to a dollar in many months ago which is now more than a year ago. So why the GDP still falling. I was surprised with what I saw two days ago. I was unable to post about it until today.

Nigeria GDP:

In 2014: $568.57 billion
In 2015: $492.44 billion
In 2016: $404.65 billion
In 2017: $375.75 billion
In 2019: $474.55 billion
In 2021: $441.63 billion
In 2023: $363.82 billion
In 2024: $199.72 billion
In 2025: $194.96 billion

I think we have more exports now and naira value is not falling like before. Why the declining GDP.

[active board members]

...or you can edit it to what can be permanent that will not require editing the OP often.

I mean this thread: [CHARTS] Monthly Overview Of  Nigeria Local Board Monthly Merit Reward

Amphenomenon may not want to post all the active board members because we are very many now. If so, why not just remove it from the OP. I noticed there are many people on the list that are no more active on this local board.

There was a topic on meta right now that was created probably less than 20 minutes ago. Because of the question asked, I decided to check the monthly traffic of this forum and I saw something surprising. That traffic from Nigeria recently grows massively. See for yourself:



What caused it?

Creation of local board or gambling? I know Nigeria likes gambling, especially football betting and I have noticed that some people are now using crypto to gamble.

I was surprised recently when my brother that I have not introduced to Stake.com before talked about it few months ago.

I am not referring the issue between the Senate president Akpabio and the recently suspended Senator Natasha who accused Akpabio of sexual harassment. I am referring to what Senator Peter Onyeluka Nwaoboshi who is representing Delta North senatorial district talked about PDP in relation to economy.

He says:

Because they have seen the government of APC under leadership of Bola Ahmed Tinubu is doing well and is correcting the anomalies that we had in our economic sectors. You can see that price of goods are coming down, price of petroleum are coming down. Things are getting better. So they have nothing else to speak about APC.

He meant that APC is doing well. That PDP do not know what to say about APC. That the PDP leaders like Saraki and Atiku wants to use Senator Natasha to disrupt the Senate. This is even not true in my opinion.

We still remember that Buhari is also APC which was the former president

You can watch the video: https://youtu.be/ChYkcO-CA4Y?si=PT6CS3MFyKWeSM5P

Start watching it from 25th minutes 27 seconds.

I think it is not just only about importing than exporting as it is in the theory.

Inflation in United States has been not more than 3.0 since 2012 or 2014 or so. A friend of mine and I had a phone conversation last year like 6 months ago. He told me United States import than export. I argued but I search for it online and found out that my friend was right. United States import than export but they were still able to control inflation.

In 2024, the U.S. goods and services deficit reached $918.4 billion, with exports at $3,191.6 billion and imports at $4,110.0 billion, reflecting an increase in both imports and the deficit compared to 2023.

This import tariffs war Trump is imposing on goods and services from other countries reminded me that I wanted to post about this some months ago but I forgot.

[Additionally, the depletion in reserves could be linked to the CBN’s interventions to stabilize the Naira, particularly through clearing foreign exchange (FX) backlogs for profit repatriation via the official market]

You can see for yourself:

According to reserves movement data from the Central Bank of Nigeria (CBN), the country’s external reserves declined to US$38.74bn as of February 20, 2025, marking a 5.3% decrease (US$2.1bn) from the year high of US$40.92bn recorded on January 6, 2025. This decline may be attributed to the CBN’s efforts to settle a portion of its 361-day Open Market Operations (OMO) and 364-day Treasury bill obligations owed to foreign portfolio investors (FPIs), with maturities between January 6 and March 27, 2025.

Additionally, the depletion in reserves could be linked to the CBN’s interventions to stabilize the Naira, particularly through clearing foreign exchange (FX) backlogs for profit repatriation via the official market.

It is not just additionally but one of the main reasons.

If the price of naira start to decrease again, is that stabilization or inflation, and deflation if otherwise which is what is happening right now,  but which are both not good for the economy. Although, naira exchange rate is kind of not correlating kind of with inflation somehow recently.

People said deflation is not good, just like inflation. I am kind of seeing the disadvantages if compared to a stable economy. There is nothing better than a stable economy where the rise and fall with both not be too much in a way it will not affect the economy negatively.

Some altcoins can be good but not all, especially the meme coins which are the worst.

The memecoin Libra that was promoted by the Argentina’s president, Javier Milei was reported to have been manipulated by insider trading. I am not implying the Argentina president is involved.

What if this entire memecoin phenomenon isn’t just a gamble but a carefully rigged game? The latest fiasco involving Argentina’s president, Javier Milei, has revealed a deeper problem: one where a select few insiders seem to always win, leaving everyday investors in the dust.

I like something about the news. That trading with those memecoins are not trading but gambling. This is what people should know, especially the newbies.

Many members on this forum (including myself) know that altcoins market can be heavily manipulated. It is very obvious. Within some minutes a coin can be pumped 10 times or more and later be dumped. Know that there are some people that have the highest percentage of the coins, manipulating the market and they are gaining from people that are trading with the coins.

You can see how naira increase in price since last year December. Dollar was over ₦1700 naira in December or so but has been increasing and now it is at ₦1540.

There was an item I searched for its price on both two well known online sites in Nigeria last year. What surprised me is that the price of the item has not changed despite that naira has increased significantly.

I am not ready to make further findings but I just want to know if foreign products have also fall in price as naira increase in price which supposed to be what that supposed to have happened.

I am not referring to local products but foreign (imported) products.

The OP of the thread created it on Nigeria local board but which I think is a scam. This is the thread: OpenMonero P2P exchange

One of the red flag is that he made it self-moderated. The second is that the domain was created give months and 2 weeks ago. I just think the site should not be trusted and if it is deleted, it is good.

Edit:
I went through the user's trust now, the site is likely a scam. Avoid.

They're using LocalMonero's name for promotional purposes without legitimacy, and have done plagiarism by copying the content + style of eXch's ANN. Looking at the ANN and their Terms of Use more deeply, we can also find contradictions. This service should be avoided!

This is the announcement:

To whom it may concern....

I do NOT longer trade p2p ever! those who has been trading/swapping their coins for Naira please stop sending coins to the swapping addresses - I will not be responsible for any loss as those addresses are not longer in my full control ( monitored)

The EFCC and the CBN are actively illegally going against big P2p vendors and sueing for money laundering and terrorism financing. I've had some illegal activities on my trading Bank accounts since Q3 of 2024.

This is only an announcement thread - I'm locking it..

I do not think the thread supposed to be locked. You can delete this thread and unlock that thread. It is about a service, which supposed not to be locked. For more visibility.

Or you want to keep bumping it daily for months?

This is money. I have seen some people sent coins to my address without notifying me but notify me when they have sent it already. It will not be good if the thread just go to the second page in a way people on this forum will not know.

This is common a ad that I have seen in my country several times especially from loan apps and trading sites, but I was surprised to see this bc.game advertisement about a women that won $60,058 on bc.game in two months.

Play the video
https://x.com/bcgame/status/1871024774413218142?t=v56Ie0r6_wSBDEc6tJyVkA&s=19

The woman was saying it as if it was very real.

Can someone gambles and bet for 2 months and make that kind of money? It would have been realistic if the month was won just at once.

I wanted to create a topic about it but I forgot until I saw this today: BDCs explain why Naira will be strong in 2025 which is about some Bureau De Change operators speculating that naira price will increase in this year.

I remember when I wanted to convert to naira yesterday, the price of United States dollars was 1619 naira. It was at 1660 naira some days ago. Do you think the BDC operators can be right about naira to appreciate in price in 2025?

Do not mind my deviation away from the topic title but it is still clear and understandable.