“Naira Trades at ₦1065 to $1”: Reno Omokri Reveals Influence of NSA vs Binance

"Naira Trades at ₦1065 to $1": Reno Omokri Reveals Influence of NSA vs Binance

“Naira Trades at ₦1065 to $1”: Reno Omokri Reveals Influence of NSA vs Binance


Reno Omokri, a chieftain of the PDP, has explained that the naira began to gain its feat the moment Binance, a global cryptocurrency company, left NigeriaThe former presidential aide commended the NSA for clamping down on Binance as the naira was traded ₦1065 to $1Omokri maintained that the naira was traded ₦1880 to $1 on February 21, 2024, when the NSA began its clampdown on the Binance company

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Reno Omokri, the former presidential aide, has disclosed that Nigeria’s naira is being traded at ₦1065 to $1 as of Sunday, April 14, as a result of the office of the national security adviser’s clampdown on Binance, a global cryptocurrency company.

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Omokri, a chieftain of the Peoples Democratic Party (PDP), tweeted on Sunday, April 4, that the local currency began to appreciate immediately after Binance was forced out of Nigeria.

Reno Omokri has explained the reason why Nigerians should apologised to the NSA, Nuhu Ribadu over the attack launched against him during his clampdown on Binance, adding that the naira has continued to gain strength since Binance left NigeriaOmokri explained how the clampdown on Binance by the NSA helped the naira
Photo Credit: Nihu Ribadu, Reno Omokri, EFCC
Source: Twitter

How NSA Ribadu’s fight against Binance help naira

According to the former presidential aide, the first time it became public knowledge on Wednesday, February 21, 2024, that the national security adviser (NSA) Nuhu Ribadu had moved against Binance, many Nigerians abuse the presidency.

Omokri noted that as of that day, the naira was ₦1880 to $1, but many Nigerians sided with the foreign country against their government. He maintained that there was a “coordinated propaganda” against the government, which claimed that Binance was not the problem.

He explained that the NSA persevered, and the naira stabilised immediately after Binance left the country on Tuesday, March 5, 2024. He added that the local currency has begun to appreciate since the cryptocurrency company left Nigeria.

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Binance vs Naira: Apologise to Ribadu, Omokri tells critics

The PDP chieftain then called on those who had abused the NSA to apologise, saying that they did not have to support Nigeria’s enemy because their candidate was not the president.

His statement reads in part:

“At the beginning of 2024, the Naira was one of the world’s worst-performing currencies. On Friday, April 12, 2024, Goldman Sachs declared it the world’s best-performing currency, bar none.”

See the tweet here:

Omokri calls for promotion of made in Nigeria

Henzodaily.ng earlier reported that the former presidential aide Reno Omokri has called on Nigerians to patronize the goods and services provided by fellow countrymen.

Omokri made the call while reiterating that the naira has remained below N1300 per dollar at the exchange rate, as against the speculation that it would go to N2000 per dollar.

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The ex-presidential aide then urged that those who still hope that the dollar would rise against themselves would soon blame themselves when Dangote and Port Harcourt refineries started supplying fuel to Nigerians.

Source: Henzodaily.ng

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