CBN Debunks Report of Devaluation of Naira to N630/$1, Gives Current Value

The Central Bank of Nigeria CBN has described it as an outright falsehood and destabilizing innuendo, the news that it has devalued Naira to N630 per $1 by the Daily Trust Newspaper.

The CBN debunked the report through a press statement signed by its Director, Corporate Communications, Isa Abdul Mumin on Thursday.

The apex bank further stated that the exchange rate at the investors’ and Exporters’ (I&E) window traded on Thursday at N465/$1 and has been stable around the same rate for a while now.
The document is attached below:


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