Naija Novice Hangout {Newbies introduction & Orientation} Thread.

[uchegod-21]

Guys is it just me or the amount of crypto enthusiast has increased especially in we country, right now the vast upload of Crypto-Currency related stories on peoples social media status is massive, this leads me to wonder are these true crypto-Enthusiast or just people wey Dey follow the band wagon.
If the former is the case then I think in terms of adoption Crypto-Currency has

The crypto adoption for 9ja dey grow everyday. Men dey enter the space for many reasons. Some na traders, some they hustle other crypto related matter and some na street people wey dey find cool way to load. So, na all these people full together. Nigerians don dey find opportunities like this for long and we don too suffer for ponzi scheme people hand. Since crypto never disappear till now, na wetin make everybody dey put body.
But with the nature of the market, many newbies wey buy coins, some of the might be disappointed and give up.

[Maestro75]

Guys is it just me or the amount of crypto enthusiast has increased especially in we country, right now the vast upload of Crypto-Currency related stories on peoples social media status is massive, this leads me to wonder are these true crypto-Enthusiast or just people wey Dey follow the band wagon.

Na true talk e bi day people deh rush enter crypto like this for 9ja to save themselves as Buhari government no want to get sense and continues to deh wicked us with lack of unemployment everywhere. When you look front and back and no help, you go help yourself be that. Na wetin deh sup now be that. But I pity those of them weh enter crypto this year as them come jam pepper with this bear market. The dump no be here o.

[Sacrod]

Toh ASUU don officially renew their strike bundle to original 12 weeks dem say the committee wey government put together never call dem even for once for meeting since February. Another thing wey dey pay them again be say politicians dey spend hundreds of millions for next forms and other things like say Na biscuit dem dey buy, and none of them don put mouth for any wey concern public universities. Dem fashe everything like say so dey exist for Naija again.
Personally for me ba this thing reach man make he cry. Imagine people wey suppose dey represent us dey carry us play ludo.

So my people how una take see this ASUU strike renewal

This strike issue is really disheartening, imagine having to stay extra years as an undergraduate when its not as if you have academic issues. FG and ASUU are only concerned about their selfish interest not considering the students whose time is being delayed. I don't understand why the Minister for education will be more concerned about obtaining a presidency form worth millions and they refuse to solve the issue at hand. Nigeria should even be ashamed because I don't know how many countries they see or hear having strike like we do almost all the time. The best thing is if one can afford a private university of good standard, Federal school is not an option considering this ASUU strike, I don't even know the fate of students presently sitting for JAMB exam when some batches are still waiting. (Please pardon me for typing in English, I no too sabi type with pidgin)

[RockBell]

Bitcoin done survive many obstacles since from 2011 till date but no matter waiting happen the thing still they the do well I get small data wea they show the how bitcoin price done be from that 2011 and bitcoin na him be the first revolution after creation of waiting them they call Gold standard in 1816
At of 2011 from 30-2 dollar
Then 2012 from 220-70 dolls
And again 2016 the price come from 1100 -200
Dollar and 2018 the price they 20,000 then latter fall to 3,000 then 2021 from 64,000 and later drop go  30,000  and 2022 we still waiting  definitely great and massive news is coming we   Are not discouraged rather we are encourage.

[uchegod-21]

<snip>

This strike issue is really disheartening, imagine having to stay extra years as an undergraduate when its not as if you have academic issues. FG and ASUU are only concerned about their selfish interest not considering the students whose time is being delayed. I don't understand why the Minister for education will be more concerned about obtaining a presidency form worth millions and they refuse to solve the issue at hand. Nigeria should even be ashamed because I don't know how many countries they see or hear having strike like we do almost all the time. The best thing is if one can afford a private university of good standard, Federal school is not an option considering this ASUU strike, I don't even know the fate of students presently sitting for JAMB exam when some batches are still waiting. (Please pardon me for typing in English, I no too sabi type with pidgin)

If to knack pidgin dey worry you, hope if person type give you, u dey understand wella? Because na pidgin ah wan take reply you.
ASUU strike of a thing no be new thing for we country. For this our generation, you no go fit see who go school smoothly without ASUU strike. The thing don clear for our eyes say our leaders no get us for mind. You know say this ASUU strike done already dey before aviation fuel wahala wey make airlines wan go strike. You see the speed the lawmakers use resolve the matter because e affect them directly.
But for we dem no care, their children all dey outside country deh studies. Make everybody wey de strike affect use this opportunity learn other things. I hear say ASUP don join their brother ASSU

[Oluwa-btc]

Stranger things weh dey sup, e no dey sweet for the ear seff to dey hear am!
Them main aim nah to do primaries and that nah by June, understand how 9ja be and e no go hard you!
Yep e no sexy ohhh but if you understand how them 9ja be e go dey sexy for you, everything nah coordination.

Most people now weh been abuse Good luck Ebele Jonathan wan dey support ham back!
How ornah see am ? Who still be your number 1 candidate ? Wike ? Ameachi? Saraki ? Tinubu ?
You vote or you no vote just know say 9ja politicians no give two fvcks about you! Get this Into your fvcknn skull.

As e dey hot for sokoto, them done kill that girl weh put mouth for Mohammed and whatever!
Are we not one Nigerians ? Them go as far as bringing back the thing I read for Bible as per stoning Stephen, I see am with my eye Koro koro and water run away for my eyes! Where the Nigeria Army now ? E no good the Hausa are taking laws into them hands and e no sexy nah!!

I hear say Nmamdi Kanu deny Biafra ? Make person school and very well this Info for me!
Ornah happy Sunday ooh.

[Sacrod]

If to knack pidgin dey worry you, hope if person type give you, u dey understand wella? Because na pidgin ah wan take reply you.

I can read and understand pidgin, it's not a problem.

[CryptocurencyKing]

With the way this we nation don be eh, na only for man to just forget say, we get country con dey live life as e hungry am and as en resources fit carry because, we don lose the independence already. Imagine our people for the top them, don turn us to modern slaves them. Oyibo own been dey obvious via say, them use padlock lock our forefathers them mouth, chain there leg make them no waka con flog them put in line but this one way our people dey run us, na the correction of watin the oyibo no been do and that na to cage our will to do anything way fit help we nation or commot am for there hand.

Money no dey, money no dey, ASUU dey on strike and students dey house but still, money dey fly around like say na we dey borrow China money! With this kind money way dem dey take buy form now, na to tell you say, the leadership of our country don turn business and person way dey run business must wan make profit. E bad reach like that, the neglect way dem dey so the wahala and people way dey and live for this we country.

[StanCrypt]

Username: stancrypt
Gender: Male
Country and state of origin:Nigeria/ Port Harcourt
Skill: Data analyst, Data scientist, Data Engineer


I de greet una oo!! Una do well no be small!!  The time I join this bitcoin talk never even tee, I no even sabi say forum like this de here. Na today I just say make I just explore am see Watin de. I just de Happy say at least people I fit relate with follow de here.

[Maestro75]

I de greet una oo!! Una do well no be small!!  The time I join this bitcoin talk never even tee, I no even sabi say forum like this de here. Na today I just say make I just explore am see Watin de. I just de Happy say at least people I fit relate with follow de here.

I welcome you my 9ja brother. Port Harcourt gang don plenty for here o. Una deh catch cruise no be lie. E no go even hard una to arrange hangout for that way. Na one time straight. Una and Lagos na big things una deh do, crypto seminars plenty for these stated weh I mention pass other parts of 9ja. But you go try deh make posts so that your activities and merit go increase for you to rank up quick quick. No forget to deh enter this place on regular visits.

[Wiwo]

New Topic: SEC ISSUE NEW CRYPTOCURRENCY REGULATION IN 🇳🇬 NIGERIA

    CBN MOVE FROM BAN TO REGULATIONS OF CRYPTO
Some good news coming from the security and exchange commission(SEC) in Nigeria as the government gives out guidelines that will serve as a template that will guide the cryptocurrency transactions and service. As the quest for cryptocurrency adoption 4 9ja keep advancing the new regulation law was made known to the public on Friday 13th of May 2022 this is a big relief to the 9ja crypto community even though the guideline does not include full flesh cryptocurrency adoption bit at list give cryptocurrency users in 9ja the clue to what the country law is as regards cryptocurrency transaction.

The Securities and Exchange Commission (SEC) on Friday released a new regulation for the cryptocurrency market in Nigeria.

While it is the first of its kind in Africa, the SEC regulation is coming without an exposure draft. Usually, important guidelines like the New Rules on Issuance, Offering Platforms, and Custody of Digital Assets as the regulation is titled, are preceded by an exposure draft.

An exposure draft is an early version of a document that has been released to the public for comments. Following a sufficient period of time for public comments to be received and further consideration by the originator of the document, a final version is released.

[Maestro75]

guideline does not include full flesh cryptocurrency adoption bit at list give cryptocurrency users in 9ja the clue to what the country law is as regards cryptocurrency transaction.

Police go begin see this new law now as bad market for them because as e go empower them to continue to deh harass innocent crypto traders. But make I tell us say all this things na hypocrisy weh deh worry 9ja for this cryptocurrency matter, if no be that wetin be ban and regulations when Binance be a part of sponsors for Big Brother Naija. Una see how the thing be. Any which way, make them do free the youths make we for do our legit businesses.

[Igebotz]

New Topic: SEC ISSUE NEW CRYPTOCURRENCY REGULATION IN 🇳🇬 NIGERIA

Some good news coming from the security and exchange commission(SEC) in Nigeria as the government gives out guidelines that will serve as a template that will guide the cryptocurrency transactions and service.

If what I read is correct, this only serves to demonstrate how foolish the CBN is and how little they care about the growth of crypto currency in the country; these new regulations only serve to expose their main reason for banning banks from participating in crypto transactions: it was all about money, not because crypto posed a threat to our local fiat and banking system. Instead of this dreadful new regulation requiring vendors to register with a ridiculous amount before using a bank for crypto transactions, they could have added extra charges to all bank crypto-related charges as a crypto tax.

What made them think we would pay such a high fee to conduct business with banks? Isn't this something we're already doing?  Man it's a lost battle... This CBN governor no get single sense for head, the same idiot want to contest for presidency.

[Wiwo]

If what I read is correct, this only serves to demonstrate how foolish the CBN is and how little they care about the growth of crypto currency in the country; these new regulations only serve to expose their main reason for banning banks from participating in crypto transactions: it was all about money, not because crypto posed a threat to our local fiat and banking system. Instead of this dreadful new regulation requiring vendors to register with a ridiculous amount before using a bank for crypto transactions, they could have added extra charges to all bank crypto-related charges as a crypto tax.

What made them think we would pay such a high fee to conduct business with banks? Isn't this something we're already doing?  Man it's a lost battle... This CBN governor no get single sense for head, the same idiot want to contest for the presidency.

What is most important is the part the regulation stated that fees are charged from vendors who want to make their cryptocurrency transaction official and want to operate in that context, but the new regulation is silent on decentralized cryptocurrency transactions such as p2p so we are so good as a decentralized community but the ambit is on cryptocurrency freedom within the country and if centralized vendor such as Luno and Patricia e.t.c want to operate a cooperate organization their free to pay that fee and become a legal payment gateway system. It's left for the crypto user to either choose between decentralized and capitalization.

[BIT-BENDER]

Police go begin see this new law now as bad market for them because as e go empower them to continue to deh harass innocent crypto traders. But make I tell us say all this things na hypocrisy weh deh worry 9ja for this cryptocurrency matter, if no be that wetin be ban and regulations when Binance be a part of sponsors for Big Brother Naija. Una see how the thing be. Any which way, make them do free the youths make we for do our legit businesses.

Make we ask ourselves this question does the police even care about the law, many time we have seen the innocent go in for crime that they didn’t commit, even the may bribery way Dey go on for road is very much against the law but we have come to see that these things happen and they have become part of Nigeria, so in a nut shell I no really Dey happy with the recent crypto-currency law and I believe it won’t be effectively Carried out by the Nigerian police.

[Charles-Tim]

New Topic: SEC ISSUE NEW CRYPTOCURRENCY REGULATION IN  NIGERIA

With all sincerity, I did not really understand much from the news

It would be good if you have any direct link to the SEC crypto regulation. Or maybe I will check it later, but I glanced through the news on SEC website and I did not see anything like that.

https://sec.gov.ng/category/news/

But the main issue is for CBN to unban bitcoin and other cryptocurrencies. But, yet, we are not sad even as they ban it, CBN do not have the power of total ban, but just that crypto industry development is significantly affected.

What is most important is the part the regulation stated that fees are charged from vendors who want to make their cryptocurrency transaction official and want to operate in that context, but the new regulation is silent on decentralized cryptocurrency transactions such as p2p so we are so good as a decentralized community but the ambit is on cryptocurrency freedom within the country and if centralized vendor such as Luno and Patricia e.t.c want to operate a cooperate organization their free to pay that fee and become a legal payment gateway system. It's left for the crypto user to either choose between decentralized and capitalization.

Maybe this will lead to CBN versus SEC, Or maybe registered vendors and the likes will be under the protection of SEC. I just don't understand yet. We know Nigeria is politics and I believe the days of Godwin Emefiele in CBN is getting closer and neither will he won APC primaries.

[CryptocurencyKing]

New Topic: SEC ISSUE NEW CRYPTOCURRENCY REGULATION IN  NIGERIA

With all sincerity, I did not really understand much from the news

https://sec.gov.ng/category/news/

N100,000 for the filing or application fee, N300,000 for the processing fee, N30 million for the registration fee, and N100,000 for sponsored individuals fee.

Watin I dey grab from dis part of the tori for two be say, na watin dem go charge via company or organisation and individuals. E be like the 1st part na em be for organisations nd the last 100k na em be for individuals nd the whole tin go end say, SEC go use shadow cover you via ur crypto matter make you no for enter wahala if not, the restriction way dem been give still stand. Where d matter dey abit complicated na 4 d bank them side way be say, na only CBN fit give them go and dem never giv dem dat go. So, how dat kind thing wan be?
Na really SEC vs CBN as you talk am o @Charles-Tim.

[okorieemmanuel]

New Topic: SEC ISSUE NEW CRYPTOCURRENCY REGULATION IN  NIGERIA

With all sincerity, I did not really understand much from the news

https://sec.gov.ng/category/news/

N100,000 for the filing or application fee, N300,000 for the processing fee, N30 million for the registration fee, and N100,000 for sponsored individuals fee.

Watin I dey grab from dis part of the tori for two be say, na watin dem go charge via company or organisation and individuals. E be like the 1st part na em be for organisations nd the last 100k na em be for individuals nd the whole tin go end say, SEC go use shadow cover you via ur crypto matter make you no for enter wahala if not, the restriction way dem been give still stand. Where d matter dey abit complicated na 4 d bank them side way be say, na only CBN fit give them go and dem never giv dem dat go. So, how dat kind thing wan be?
Na really SEC vs CBN as you talk am o @Charles-Tim.

Bros, make we keep our fingers crossed. I am sure e go better soon. No b today dem don dey do drama 4 naija. Nigeria! Good people, great nation!

[Gozie51]

Police go begin see this new law now as bad market for them because as e go empower them to continue to deh harass innocent crypto traders. But make I tell us say all this things na hypocrisy weh deh worry 9ja for this cryptocurrency matter, if no be that wetin be ban and regulations when Binance be a part of sponsors for Big Brother Naija. Una see how the thing be. Any which way, make them do free the youths make we for do our legit businesses.

Make we ask ourselves this question does the police even care about the law, many time we have seen the innocent go in for crime that they didn’t commit, even the may bribery way Dey go on for road is very much against the law but we have come to see that these things happen and they have become part of Nigeria, so in a nut shell I no really Dey happy with the recent crypto-currency law and I believe it won’t be effectively Carried out by the Nigerian police.

Una well don oo, I just want make we know say this government tire herself. Make this election comot this set of leaders make we still Know where God go carry us put. This government no take anywhere good, hypocrisy plenty. Them no want some and them go allow sponsor on that kind thing  Police follow for naija problem but I sabi say na somebody too no dey want do the right thing wey go make police ogas do better thing. We need vibrate mind wey no go dey worry person on cryptocurrency related matters.

[Coyster]

Make this election comot this set of leaders make we still Know where God go carry us put. This government no take anywhere good, hypocrisy plenty.

You sound quite sanguine about the outcome of the next general election, i am not trying to be a pessimist here, but i do not have high hopes about what is to come, when you even look at the candidates vying to represent their different political parties in the next general election, i sort of lose hope. I could be totally wrong with my thoughts, but it is what it is, and we all know what our dear country Nigeria is capable of.

Bros, make we keep our fingers crossed. I am sure e go better soon.

We have been saying this for quite a long time now, hoping for things to get better over here, but it seems so far from us at the moment. Most Nigerians at this stage just wants to eke out a living for themselves and their family, cause as for the general economy, things do not look quite good, or doesn't look to be good anytime soon.