Binance Speculators Wishing Naira Falls to N2,500 Against Dollar – Onanuga

 

President Bola Ahmed Tinubu’s Special Adviser on Information and Strategy, Bayo Onanuga has made a claim against Binance users.

 

He said Binance speculators wished the Naira dropped to N2,500, but were proven wrong by the Central Bank of Nigeria under Governor Olayemi Cardoso.

 

This comes amid the continued appreciation of the Naira in the foreign exchange market.

 

Onanuga disclosed this on Tuesday through his official X handle while reacting to the sustained appreciation of the Naira at both the official and the parallel foreign exchange markets.

 

According to him, the Naira appreciation against USD is good news for Nigeria and should be appreciated by patriots.

 

He condemned the doomsday prediction of Nigeria’s currency as clearly off the mark.

“Those currency speculators on Binance, wishing that the Naira would fall to N2,500, have also been proven wrong by Cardoso’s CBN. The economic measures are working. The Naira will continue to wax stronger and stronger, and our people will soon start enjoying great relief as prices for goods fall”, he wrote.

 

Recall that the Naira has maintained its appreciation drive against the USD for weeks.

 

On Tuesday, N1,290 and N1,382.95 per USD were exchanged at both parallel and official foreign exchange markets, respectively.

 

The development comes as CBN sold $10,000 to each BDC at N1,251 per US dollar on Monday.