The Central Bank of Nigeria (CBN) has described as outright Falsehood, news making the rounds that it had devalued Naira against dollar.
“The attention of the Central Bank of Nigeria (CBN) has been drawn to a news report by Daily Trust Newspaper of June 1, 2023, titled “CBN Devalues Naira To 630/$1.”
A statement by the spokesperson of the apex Bank, Dr.Isa AbdulMumin said that the said news report, “is replete with outright FALSEHOODS.”
Dr. Isa said that the news is in the imagination of the newspaper, and that it is destabilizing innuendo, reflecting potentially willful ignorance of the medium as to the workings of the Nigerian Foreign Exchange Market.
“For the avoidance of doubt, the exchange rate at the Investors’ & Exporters’ (I&E) window traded this morning (June 1, 2023) at N465/US$1 and has been stable around this rate for a while.”
The CBN spokesperson asked members of the public “to ignore the news report by Daily Trust in its entirety, as it is speculative
and calculated at causing panic in the market.”
He called on the practitioners to verify their facts from the CBN before publishing
in order not to misinform the public.
