VANGUARD
The Central Bank of Nigeria (CBN) has refuted reports that it has devalued naira in the official market.
The apex bank in a statement signed by its Ag. Director, Corporate Communications, Isa AbdulMumin, made the rebuttal in reaction to a report published in a national newspaper (not Vanguard) on Thursday.
The bank said the exchange rate at the Investors’ & Exporters’ (I&E) window traded this today (June 1, 2023) is stable at N465/US$1.
The statement partly reads, “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…
