Naira devaluation faux information – CBN

Godwin Emefiele and new naira notes

CBN Governor, Godwin Emefiele

The Central Financial institution of Nigeria has debunked the declare that it has devalued the naira.

An announcement signed by Performing Director Company Communications, Isah AbdulMumin, stated the greenback traded at N465/$1 opposite to experiences.

The assertion partly reads, “We want to state categorically that this information report, which within the creativeness of the newspaper is unique, is replete with outright falsehood and destabilising innuendos, reflecting probably wilful ignorance of the stated medium as to the working of the Nigerian Overseas Alternate Market.

“For the avoidance of doubt, the alternate price on the Traders’& Exporters’(I&E) window, which traded this morning (June 1, 2023) at N465/US$1 and has been steady round this price for some time.”

Each day Belief reported that the CBN on Wednesday devalued the naira to N630 to $1 from N461.6.

Additionally, a single tweet by the official deal with of the CBN on Thursday morning stated, ” CBN didn’t devalue the naira.”

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