We have not devalued the Naira -CBN
Following media reports that the Central Bank of Nigeria(CBN) has devalued the Naira, the apex bank has said the reports were false.
In a statement signed by the Acting Director of Corporate Communications, and made available to Business Africa Digest in Abuja, the apex bank said report (not Business Africa Digest) was a figment of the authors imagination.
Full text of CBN statement is below:
“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”.
“For the avoidance of doubt, the exchange rate at the Investors’& Exporters’(I&E)window traded this morning (June1,2023) and has been stable around this rate for awhile.
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”.
