The Central Bank of Nigeria (CBN) has categorically denied the news report published by Daily Trust Newspaper on June 1, 2023, titled “CBN Devalues Naira To 630/$1”.
In a statement signed by Dr. Isa AbdulMumin, the Acting Director of Corporate Communications at the CBN, today, the apex bank dismissed the report describing it as fake news.
“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 innuendos, reflecting potentially willful ignorance of the said medium as to the workings of the Nigerian Foreign Exchange Market,” the statement reads.
“For the avoidance of doubt, the exchange rate at the Investors’ & Exporters’ (I&E) window traded this morning (June 1, 2023) at N465/US$1 and has been stable around this rate for a while.”
The CBN urged the public to disregard it entirely, as it aims to create panic in the market.
The apex bank further advised media practitioners to verify their facts with the Central Bank of Nigeria before publishing to ensure accurate and reliable information is disseminated to the public.
“The public is hereby advised to ignore the news report by Daily Trust in its entirety, as it is speculative and calculated at causing panic in the market. Media practitioners are advised to verify their facts from the Central Bank of Nigeria before publishing in order not to misinform the public,” the statement concluded.
