A photo combination of the new naira notes and Emefiele.
The Central Bank of Nigeria (CBN) has reacted to reports claiming that it has devalued the naira to about 630 naira to a dollar.
The report of the currency devaluation was earlier reported by one of the national dailies.
However, in statement on Thursday, the bank’s Acting Head of Corporate Communications, Dr Isa Abdulmumin, described it as falsehood.
“The news report, which in the imagination of the newspaper is exclusive, is replete with outright FALSEHOODS and destabilizing innuendos, reflecting potentially willful ignorance of the said medium as to the workings of the Nigerian Foreign Exchange Market,” he said.
READ ALSO: Subsidy Removal: Why Petrol Price Can’t Be Less Than N500/Litre – Oil Marketers
The statement further adds that 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 apex bank cautioned Nigerians to ignore the claims in its entirety, as it is speculative and calculated at causing panic in the market.
The announcement of the official provisional results seems to clear the way for a handover…
The security expert said the government needs to explain to Nigerians circumstances around the release…
While the TUC demanded N447,000 as the new monthly minimum wage per worker, the NLC…
General Musa vowed that the military will hunt down the perpetrators of the heinous act…
The President assured the families of the soldiers of maximum support and approved scholarship for…
The NNPCL reaffirmed its commitment to sustaining the current sufficiency in petroleum products supply across…