The Central Bank of Nigeria (CBN), says it has not devalued the naira to N631 from the previous rate of N461 per US$.
But the newspaper that first published the story of the devaluation, Daily Trust, insists that CBN did, and states that it has evidence to prove it.
See newspaper’s response below:
In a statement, the apex bank, through its Director of Corporate Communications, Isa AbdulMumin, earlier Wednesday, issued via its twitter page @cenbank.
The statement reads in part: The attention of the Central Bank of Nigeria has been drawn to a news report by Daily Trust Newspaper of 1 June titled: “CBN Devalues Naira to N630/$1”.
“For the avoidance of doubt, exchange rate at the Investors’ and Exporters (I&E) window traded this morning at N465 per US$1 and has been stable around this rate for a while.
“The public is hereby advised to ignore the report, as it is speculative and calculated at causing panic in the market.
“Media Practisioners are hereby advised to verify their facts from the Central Bank of Nigeria before publishing, in order not to misinformed the public.”