
News
Binance will destroy Nigeria’s economy if not stopped — Onanuga
“If we don’t clamp down on Binance, Binance will destroy the economy of this country. They just fix the rate,” a displeased Onanuga said on Channels Television’s Politics Today programme on Wednesday.
“We 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.
“They just sit down and fix anything they like. It’s a sabotage and we are trying to prevent that from happening henceforth,” he stated.
The presidential aide further urged Nigerians to stop patronising the parallel market for FX rates, saying the website of the apex bank is the only legal platform.
“The parallel market is not the real gauge of Nigeria’s economic health. The parallel market is an illegal market.

“I don’t even know why Nigerians and the media are feeding on the parallel market. That is not where we should go; what’s the CBN rate? As at Friday, the rate for the dollar was about N1600.
“Even in the so-called parallel market, the exchange rate is stabilizing there and that is what this needs. Our economy is too much dollarised. Importers are looking at the exchange rate and using it to fix prices, some of them arbitrarily, some of them actually profiteering,” Onanuga stated.
According to him, once the CBN succeeds in stabilising the exchange rate, the prices of goods in the country will normalise. “Things are not going to get worse, they are going to get better in the next few weeks,” he noted.
Nigeria’s Wobbling FX Market
Nigeria is battling rising inflation, food inflation, forex crisis, economic hardship and high cost of living occasioned by the removal of petrol subsidy, attracting protests in parts of the country.
The Nigerian naira has seen a dip in the last nine months since the President Bola Tinubu administration collapsed the foreign exchange window. The naira experienced an all-time low, falling from about N700/$1 last May to over N1500/$1 at the moment.
The authorities have since turned their focus to cryptocurrency websites, clamping down on them through telecommunication companies.
On Tuesday, the Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, said illicit flows in the form crypto exchanges passed through Binance.
“We are concerned that certain practices go on that indicate illicit flows going through a number of these entities [crypto platforms] and suspicious flows at best,” Cardoso told reporters at the Monetary Policy Committee (MPC) meeting of the apex bank, the first since he assumed office in September 2023.
“In the case of Binance, in the last one year alone, $26bn has passed through Binance Nigeria from sources and users who we cannot adequately identify,” he added.
The apex bank chief said anti-corruption agencies, the police and the Office of the National Security Adviser, Nuhu Ribadu, were co-ordinating an investigation into cryptocurrency exchanges. (Channels TV)
News
MACBAN Commends Mbah’s Inclusive Leadership, Urges Calm Over Alleged Killing of 62 Cattle in Enugu
The Miyetti Allah Cattle Breeders Association of Nigeria (MACBAN) has commended Governor Peter Mbah of Enugu State for his inclusive leadership, commitment to peaceful coexistence and efforts to protect residents irrespective of their ethnic and religious backgrounds.
The association also praised the governor for creating opportunities for members of the Fulani community to participate in governance through appointments into government positions, describing the gesture as evidence of his commitment to fairness, inclusion and unity.
MACBAN’s commendation followed its condemnation of alleged successive attacks on Fulani herders in Umumba community, Ezeagu Local Government Area, and neighbouring Owu community in Udi LGA, which reportedly resulted in the killing of 62 cattle and the disappearance or theft of several others.
In a statement issued by its National Deputy Director-General, Gidado Siddiki, the association disclosed that two Fulani herders, Bodo Damina and Mallam Nasiru Mohammed, were attacked by suspected assailants while grazing their cattle in Umumba on Monday, November 9, 2026.
Although the herders reportedly escaped, 25 cattle were allegedly killed during the incident.

MACBAN further disclosed that another attack occurred on Wednesday, November 11, in Owu community, where four herders identified as Umaru, Aliyu, Ibrahim and Babuga, sons of Dauji Haruna, were reportedly attacked while tending to their cattle.
According to the association, the attackers dispersed the cattle, with some allegedly stolen, while the four herders were initially declared missing.
They reportedly resurfaced on Thursday, November 12, only to discover that 37 of their cattle had been killed.
The association also expressed concern over reports of the killing of two commercial motorcycle operators in Umumba community during the incidents.
The Enugu State Police Command had yet to confirm or deny the allegations as of press time.
While condemning the attacks, MACBAN described the perpetrators as enemies of peace, innocent citizens and the collective efforts of the Mbah administration to guarantee the security of lives and property across the state.
It maintained that the alleged attacks were contrary to the governor’s vision of building a peaceful, inclusive and prosperous Enugu State where residents can live, work and conduct their businesses without fear or discrimination.
The association urged members of the Fulani community and other residents to remain calm, peaceful and law-abiding, warning against reprisals or actions capable of escalating tensions.
It called on the state government and relevant security agencies to conduct comprehensive investigations, identify and prosecute those responsible, investigate the alleged theft of cattle and facilitate their recovery.
MACBAN also urged the authorities to strengthen security around Umumba, Owu and neighbouring communities while establishing sustainable security arrangements to protect farmers, herders, traders and other residents.
The association further appealed to the Fulani community to trust the government and security agencies to handle the matter through lawful and constitutional processes.
Reaffirming its commitment to peaceful coexistence, MACBAN said no individual should be targeted because of ethnic or religious affiliation, stressing that every resident of Enugu State deserves equal protection under the law.
It added that Governor Mbah’s inclusive governance approach should be sustained in the collective interest of peace, security and development, insisting that criminality must be condemned regardless of the identity of those involved.
News
Angry Nigerians Confront INEC Chairman’s Convoy In UK Protest
Some Nigerians residing in the United Kingdom staged a protest outside Chatham House in London on Thursday, confronting the chairman of the Independent National Electoral Commission (INEC), Professor Joash Amupitan, as he departed the venue.
A video circulating on social media captured several demonstrators surrounding a black vehicle believed to be conveying the INEC chairman, with some protesters pressing against the vehicle while holding placards and documents.
During the confrontation, the demonstrators were heard expressing their anger and making allegations against the electoral body chairman, with one protester shouting, “People are angry. This wicked, evil man, you are a criminal. Why are you running?”
The protest reportedly centred on concerns surrounding the credibility of Nigeria’s voters’ register ahead of the 2027 general elections.

The demonstrators raised allegations of irregularities in the electoral register, including claims that some entries were generated using artificial intelligence (AI).

They reportedly demanded accountability and expressed concerns about the integrity of the electoral process, insisting that the voters’ register must be credible and free from manipulation ahead of the forthcoming elections.
The incident has attracted attention on social media, with the circulating footage generating discussions about INEC’s preparedness, electoral transparency and public confidence in the commission ahead of the 2027 polls.
However, the allegations raised by the protesters have not been independently established in the information provided.
News
UNN Deaths: Gov Mbah Mourns, Orders Investigation
…Suspends planned town hall event, seeks ban on sign-out celebrations
Governor of Enugu State, Dr. Peter Mbah, has expressed deep grief over the passing on of four students of the University of Nigeria Nsukka (UNN), who reportedly died during an off-campus sign-out party for one of their friends, describing it as a heartbreaking loss.
Mbah described the incident as a grievous loss, not only for the deceased’s immediate families and UNN, but to Enugu State as a whole, and called for a ban on sign-out menace among undergraduates, noting that it had brought too many sorrows to families and tertiary educational institution in the country.
This was contained in a press statement released by the Governor’s media aide, Mazi Uche Anichukwu, on Thursday.
“I received with rude shock and deep sense of loss the news of the off-campus sing-out party leading to the death of four students of the University of Nigeria Nsukka, and hospitalisation of six others.
“This is a grievous loss not only to the immediate families of the deceased and the university, but also to us as a state. Losing them in their prime and along with their promising future cuts as deeply as a sharp knife. We, therefore share in this grief and pray God to grant their families, friends, and the UNN community the equanimity to bear the heartbreaking loss.

“Our hearts go out to their parents in particular, who sacrificed personal comforts to sponsor their children through the university, but only to face this sad turn of events.
“As a government, we have ordered a thorough investigation into the circumstances surrounding their deaths and will work closely with the university authorities and security agencies to get to the roots of the sad development and forestall a recurrence.
“In the meantime, I have suspended my scheduled town hall meeting with the UNN community on Friday, November 13, 2026, as we join the university in mourning the dead.
“Going forward, we will work with the authorities of tertiary institutions to enforce a full ban on sign-out parties and other excessive celebrations, a trend that has cost more lives and brought more sorrows than joy to families and higher institutions of learning,” the governor stated.
Mbah also called for more enlightenment campaigns by relevant agencies and institutions on the consequences of drug use and abuse.
He prayed for the peaceful repose of the souls of the deceased.
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