LAGOS, Nigeria (VOICE OF NAIJA) – The Central Bank of Nigeria (CBN), has debunked the news of its devaluation of naira to N631 from the previous rate of N461per US$.
CBN made this know in a press release signed by its Director of Corporate Communications, Isa AbdulMumin, earlier today, issued via its twitter page @cenbank.
The statement reads in part: The attention of the Central Bank of Nigeria has been drawn to a news report by Daily Trust Newspaper of 1 June titled: “CBN Devalues Naira to N630/$1”.
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“For the avoidance of doubt, exchange rate at the Investors’ and Exporters (I&E) window traded this morning at N465 per US$1 and has been stable around this rate for a while.
“The public is hereby advised to ignore the report, as it is speculative and calculated at causing panic in the market.
“Media Practisioners are hereby advised to verify their facts from the Central Bank of Nigeria before publishing, in order not to misinformed the public.”
This is following the earlier report of the devaluation, 48 hours after President Bola Ahmed Tinubu announced the plans of the federal government to unify the country’s exchange rate to stimulate the country.
