By Kamil Opeyemi
The Central Bank of Nigeria (CBN) has debunked a report by some news outlets that it has devalued the naira to N631 per dollar at the importers and exporters’ (I&E) window.
The apex bank in a statement on Thursday by its acting spokesman, Isa Abdulmumin described the report as “falsehood”
“The attention of the Central Bank of Nigeria (CBN) has been drawn to a news report by Daily Trust Newspaper of June 1,2023, tittled “CBN Devalues Naira to 630/$1.
“We wish to state categorically that this news report, which is 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’ and Exporters’ (I&E) traded this morning (June 1, 2023) at 465/ US$1 and has been stable around this rate for a while,” the statement read
The apex bank however advised the general public to ignore the news report by Daily Trust in its entirety, as it is speculative and calculated at causing panic in the market.
The CBN also urged the media practioners to always verify their facts from the authority the apex bank before sending information out in order not to misinform the public.