
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
Obi donates N10 million to burnt hospital in Enugu
Presidential candidate of the Nigeria Democratic Congress (NDC) in the forthcoming 2027 general election, Mr. Peter Obi, has donated N10 million to assist in the renovation of the burnt Mother of Christ Specialist Hospital, Enugu State.
The former Anambra State governor handed over the cheque for the donation to the hospital management team when he visited the hospital yesterday.
The hospital belongs to the Reverend Sisters of the Immaculate Heart of the Catholic Church.

Mr Peter Obi inspecting the burnt hospital
Addressing the hospital management team after inspecting parts of the burnt hospital, the NDC presidential candidate commended them for their efforts in contributing to healthcare delivery services.
Telling them that even though they might feel that they were not being appreciated for what they were doing, Obi, however, described healthcare delivery services and education as among the “most critical needs of society” and urged them not to relent in what they were doing.

Accompanied during the visit by his Chief of Staff, Commissioner for Housing, as well as Special Adviser on Media when he was Anambra State governor, Prof. Stella Okunna, Prof. Patrick Obi, and Dr. Valentine Obienyem respectively, Obi assured the hospital management team that he would continue to support them.
Part of the hospital gutted by the inferno and inspected by Obi was the Children’s Ward.
Expressing gratitude on behalf of the hospital management, the Chief Medical Director of Immaculate Heart Hospital, Nkpor, Anambra State, Rev. Sister Dr. Maria Nkiruka Okafor, eulogised Obi for his sacrifices and selfless contributions to humanity.
Disclosing that Obi had already credited the hospital’s accountant with the N10 million donation and that he was even the person who called her to inform her that he had received the sad news of the inferno and promised to donate towards the renovation, Rev. Sister Okafor described him as a rare politician.
She prayed that God would grant him his ambition to become President of the country and enable him to achieve his desire to transform it.
News
FG, Enugu State target direct China-Enugu Cargo flights by December – Keyamo
The Federal Government and Enugu State Government are in talks to ensure the commencement of direct cargo flight operations between Enugu and Guangzhou, China, before the end of the year.
The Minister of Aviation and Aerospace Development, Barr Festus Keyamo, disclosed this in Lagos during the launch of the United Air’s newly acquired airplanes on Thursday.
The Minister added said the FG had affected a structural management overhaul at the Akanu Ibiam International Airport, also bringing the airport under a privately run operational framework.

Enugu Airline
“One of our prides in the South is the Enugu International Airport. The Enugu governor approached Mr. President, noting that the airport was not maximising its economic potential under standard bureaucratic structures, and requested to bring in private investors to run it. Mr. President gave the green light.
“As I speak with you, Enugu is now fully privately owned and fully supported by state government, with the clear objective of also turning it into a dedicated cargo hub for the entire Southeast.”

To this effect, therefore, Keyamo said that a high-level bilateral trade negotiations were ongoing with a view to securing direct logistics flights between China and the Southeast by the end of 2026.
“Just two days ago, the Enugu governor and I were actively negotiating the first direct cargo flight from Guangzhou, China, straight into Enugu.
“We are targeting December for the maiden flight. This will allow our Southeast merchants and traders in China to consolidate their goods into unified cargo accounts twice a week, flying straight into Enugu for seamless delivery to hubs like Onitsha and Aba,” he concluded.
It is recalled that Governor Mbah had in July 2025 launched Enugu Air, a state-owned airline, as part of the administration’s integrated blueprint for a modern, multimodal transport ecosystem and the vision to make Enugu a major aviation and logistics hub.
Since then, Enugu Air has grown its fleet from three at inception to six planes with plans to further increase it as it prepares to commence operations to regional destinations like Accra, Libreville, Abidjan in next few months and long haul flight operations to various destinations around the world by the end of the year.
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