The Central Bank of Nigeria (CBN) on Thursday denied a report that it devalued the Naira to N631 to the dollar.
CBN tweeted a graphical image with “fake news” to debunk a report by Daily Trust suggesting that it devalued the Naira.
Grow your business with us
Daily Trust reported that at the resumption of the weekly bidding for foreign exchange, the CBN sold the spot rate to banks on behalf of their customers at N631 to a dollar.
The devaluation, according to the report, comes within 24 hours after the dollar had sold for N461.6 at the Importers and Exporters (I&E) window on Tuesday. CBN said it’s fake news.
President Bola Tinubu on Wednesday met with the Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, at the presidential villa.
