The Central Bank of Nigeria (CBN) has, in strong terms, debunked a report by Daily Trust that it had reportedly devalued the naira to N630 per dollar at the Importers and Exporters’ (I&E) window.
The apex bank in a press statement issued by Isa AbdulMumin, the Acting Director, Corporate Communications on Thursday said the report was a complete imagination of the medium as it was replete with outright falsehoods.
The statement tired “CBN has not devalued Naira” read in part, “The attention of the 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.”
AbdulMumin added, “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 public is hereby advised to ignore the news report by Daily Trust 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 Central Bank of Nigeria before publishing in order not to misinform the public.”
