Politics
“Still Waiting For 1 Dollar To Be 1 Naira As Promised”- Oseni Rufai Voices Disappointment As Dollar Reaches N1,500 After President Tinubu’s Directive To Ban Binance And Other Crypto Firms
“Still Waiting For 1 Dollar To Be 1 Naira As Promised”- Oseni Rufai Voices Disappointment As Dollar Reaches N1,500 After President Tinubu’s Directive To Ban Binance And Other Crypto Firms....KINDLY READ THE FULL STORY HERE▶
Written By Oshiobugie John
Political commentator Oseni Rufai has reacted to the ongoing devaluation of the naira against major currencies in Nigeria’s CBN and parallel markets. READ THE FULL ARTICLE HERE
The Arise TV Anchor called upon President Tinubu and the APC to honor their campaign promise made during ex-president Buhari’s tenure, wherein they pledged to achieve parity between the US dollar and the Nigerian naira if elected by Nigerians. Despite their assurance, the ineffectual party has yet to fulfill this commitment. Not only that, but the naira is now pegged at ₦1,500, a significant increase from around ₦200 when they assumed power from the PDP and Goodluck Jonathan in 2015.
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It’s noteworthy that on the 21st of this month, the Federal Government, under President Tinubu’s leadership, took decisive actions to shut down several online platforms, including Binance and other crypto firms, in a bid to curb the ongoing manipulation of the forex market and halt the illicit flow of funds.
Data provided by Naira Rates via their handle indicates that the naira has surged and is currently fixed at ₦1,500/1$. Here are the updated rates:
- 1 USD ⇛ ₦1,500.349
- 1 GBP ⇛ ₦2,089.340
- 1 EUR ⇛ ₦1,785.408
- 1 CAD ⇛ ₦1,227.822
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Source: Bushradiogist
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