CBN Debunks Naira Devaluation Reports
Says it's speculative and meant to deliberately disrupt financial market.
The Central Bank of Nigeria, CBN, has debunks reports in a certain section of the Nigerian
media that it has devalued the Naira.
The apex bank which cautioned Nigerians against fake news, said in statement on Thursday that the report is false.
In the statement signed by the bank’s Acting Head of Corporate Communications, Dr Isa Abdulmumin, CBN maintained that the country's exchange rate remains at $1/N465.
According to the statement, Nigerians should ignore the claims in its entirety because it is a speculative report calculated at causing panic in the market.
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