x

CBN Dismisses Reports Of Naira Devaluation

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 and circulated across different media platforms.

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.

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.

Hot this week

Editors Urge Government To Create Safe, Enabling Environment For Journalists

· Ask security agents to find missing Vanguard journalistAs...

EXCLUSIVE: Buhari orders probe of Isa Funtua, AMCON over keystone and Etisalat

Following the controversy generated by the leading opposition party,...

6 Signs your boyfriend thinks you are ugly -Take note of No. 2

They say there are three kinds of people; the...

2023: South-East, Middle Belt Forum Endorses Peter Obi

The South-East and Middle Belt Forum has endorsed the...

N4.7tn Debt: Power Generators Press for Urgent Meeting with Tinubu

Electricity generation companies (Gencos) are urging President Bola Tinubu...

Abuja Masterplan: FCTA Demolish Guzape Estate Over Building Approval Infraction

…Blames Developer for Non-ComplianceBy Joyce Remi-BabayejuIn a bid to...

SGF clarifies reappointment of NBRDA Director General

By Francis Wilfred The Office of the Secretary to...

Ijaw leader calls on Bayelda state PDP stakeholders to align with Wike

President, Ijaw National Congress(INC), Professor Benjamin Okaba has advised...

Bayelsa: Tarabina Inspects Key Infrastructure Project Sites

Amgbare Ekaunkumo, YenagoaHon. Engr. Ebiye Tarabina, Chairman of the...

Gov Oborevwori receives National Sports Festival’s Torch of Unity

By Anne AzukaAhead of the 22nd National Sports Festival,...

22 Delta Assembly PDP Lawmakers Defect To APC

By Anne AzukaTwenty-two members of the Delta State House...
spot_img

Related Articles

Popular Categories

spot_imgspot_img