{"id":111788,"date":"2024-02-28T20:36:07","date_gmt":"2024-02-28T19:36:07","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/naira-crisis-why-tinubu-govt-moved-against-binance-onanuga"},"modified":"2024-02-28T22:51:03","modified_gmt":"2024-02-28T21:51:03","slug":"naira-crisis-why-tinubu-govt-moved-against-binance-onanuga","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-crisis-why-tinubu-govt-moved-against-binance-onanuga","title":{"rendered":"Naira crisis: Why Tinubu govt moved against Binance \u2013 Onanuga"},"content":{"rendered":"

Africa-Press – Nigeria. <\/strong><\/span>Presidential spokesman, Bayo Onanuga, has said that if not stopped, cryptocurrency trading website, Binance will destroy the Nigerian economy.<\/p>\n

He said the website would do this by arbitrarily fixing foreign exchange rate.<\/p>\n

Onanuga said this when he appeared on Channels Television\u2019s Politics Today programme on Wednesday.<\/p>\n

\u201cWe have saboteurs. Look at what Binance is doing to our economy. That is why the government moved against Binance. Some people sit down using the cyberspace to dictate even our exchange rate, hijacking the role of the CBN.<\/p>\n

\u201cThey just sit down and fix anything they like. It\u2019s a sabotage and we are trying to prevent that from happening henceforth.\u201d<\/p>\n

Onanuga further called on Nigerians to halt patronising the parallel market for Forex rates, adding that the website of the apex bank is the only legal platform.<\/p>\n

\u201cThe parallel market is not the real gauge of Nigeria\u2019s economic health. The parallel market is an illegal market.<\/p>\n

\u201cI don\u2019t even know why Nigerians and the media are feeding on the parallel market. That is not where we should go; what\u2019s the CBN rate? As at Friday, the rate for the dollar was about N1600.\u201d<\/p>\n

For More News And Analysis About Nigeria<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Nigeria. Presidential spokesman, Bayo Onanuga, has said that if not stopped, cryptocurrency trading website, Binance will destroy the Nigerian economy. He said the website would do this by arbitrarily fixing foreign exchange rate. Onanuga said this when he appeared on Channels Television\u2019s Politics Today programme on Wednesday. \u201cWe have saboteurs. Look at what […]<\/p>\n","protected":false},"author":84,"featured_media":111786,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15],"tags":[1570,2140,7430,1623,254,945],"class_list":["post-111788","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-nigeria-2","tag-bayo-onanuga","tag-naira","tag-nigeria","tag-tinubu"],"yoast_head":"\nNaira crisis: Why Tinubu govt moved against Binance \u2013 Onanuga - Nigeria<\/title>\n<meta name=\"description\" content=\"Presidential spokesman, Bayo Onanuga, has said that if not stopped, cryptocurrency trading website, Binance will destroy ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-crisis-why-tinubu-govt-moved-against-binance-onanuga\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Naira crisis: Why Tinubu govt moved against Binance \u2013 Onanuga\" \/>\n<meta property=\"og:description\" content=\"Presidential spokesman, Bayo Onanuga, has said that if not stopped, cryptocurrency trading website, Binance will destroy ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-crisis-why-tinubu-govt-moved-against-binance-onanuga\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2024-02-28T19:36:07+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-02-28T21:51:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2024\/02\/sm_1709140593.418725.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1440\" \/>\n\t<meta property=\"og:image:height\" content=\"900\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-crisis-why-tinubu-govt-moved-against-binance-onanuga#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-crisis-why-tinubu-govt-moved-against-binance-onanuga\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Naira crisis: Why Tinubu govt moved against Binance \u2013 Onanuga\",\"datePublished\":\"2024-02-28T19:36:07+00:00\",\"dateModified\":\"2024-02-28T21:51:03+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-crisis-why-tinubu-govt-moved-against-binance-onanuga\"},\"wordCount\":216,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-crisis-why-tinubu-govt-moved-against-binance-onanuga#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2024\/02\/sm_1709140593.418725.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Nigeria\",\"Bayo Onanuga\",\"naira\",\"Nigeria\",\"Tinubu\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-crisis-why-tinubu-govt-moved-against-binance-onanuga#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-crisis-why-tinubu-govt-moved-against-binance-onanuga\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-crisis-why-tinubu-govt-moved-against-binance-onanuga\",\"name\":\"Naira crisis: Why Tinubu govt moved against Binance \u2013 Onanuga - 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