Binance speculators want naira to drop to N2,500 against USD, Onanuga reveals

Amid the continued appreciation of the Naira in the foreign exchange market, President Bola Ahmed Tinubu’s Special Adviser on Information and Strategy, Bayo Onanuga, has said Binance speculators wishing the Naira dropped to N2,500 have been proven wrong by the Central Bank of Nigeria under Governor Olayemi Cardoso.

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.