Ajirioghene Imah
The Central Bank of Nigeria (CBN) has debunked the information circulating the internet of the Naira skyrocketing to #630/$1.
This was revealed in a press release by the Ag. Director Corporate Commissions, Isa AbdulMumin
According to him “The attention of 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.
“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 new exchange rate at the Investors’ and 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 it’s 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.”
