The central Bank of Nigeria has debunked the news of it devaluing the Naira, contrary to the report making the rounds.
A national daily had on Wednesday reported that the CBN devalued the Naira to 630/$1.
The report also claimed that the devaluation came after a meeting of the CBN Governor, Godwin Emefiele with the president.
The apex bank in a statement released by Isa Abdulmumin, the Ag. Director Coporate Commission on Thursday denied the reported devaluation of the Naira.
The statement reads: “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”.
The statement describes the daily Trust report as “outright falsehood”
“We wish to state categorically that this 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”
“For the avoidance of doubt, the exchange rate at the Investors’ & Exporters’ (I&E) window traded this morning (June 1, 2023) at №465/US$1 and has been stable around this rate for a while”
“The public is hereby advised to ignore the news report by Daily Trust in its entirety, as it is speculative and calculated at causing panic in the market”
“Media practitioners are advised to verify their facts from the Central Bank of Nigeria before publishing in order not to misinform the public”
