The Central Bank of Nigeria, CBN, urged the people to disregard any reports to the contrary and insisted that it had not depreciated the naira.
This was declared in a statement headlined “CBN Has Not Devalued the Naira” by Acting Director of Corporate Communication, Dr. Isa AbdulMumin.
The Central Bank of Nigeria (CBN) has been made aware of a news article with the headline “CBN Devalues Naira To 630/31,” he stated.
“For the avoidance of doubt, the exchange rate at the Investors’ & Exporters’ (I&E) window traded this moming (June 1, 2023) at N465/US$1 and has been stable around this rate for a while.
The bank gave the public the advice to disregard the entire news article since it was speculative and intended to cause a 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.”
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