THE Central Bank of Nigeria (CBN) has denied rumours that it devalued the naira, making it N630 to $1, describing it as fake news.
The social media has been awash with news of the devaluation from about N465 to N630 to a dollar, but the apex bank, in a statement by its Acting Director, Corporate Communications, Mr. Isa AbdulMumin, said:
“The attention of the CBN has been drawn to a news report, titled, ‘CBN Devalues Naira to 630/one dollar.’
“We wish to state categorically that this news report, which is the imagination of the newspaper, is replete with outright falsehoods and destabilising innuendos.
“For the avoidance of doubt, the exchange rate at the Investors’ and Exporters’ (I&E) window traded this morning, June 1, at N465/one dollar and has been stable around this rate for a while.
“The public is hereby advised to ignore the news report 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 CBN before publishing in order not to misinform the public.”
