Business
Naira Devaluation’s Fake News, Says CBN
The Central Bank of Nigeria (CBN) has debunked a report by a national daily that it has devalued the naira to N631 per dollar at the Importers and Exporters’ (I&E) window.
Lovetvnews Nigeria reports that a top official of the apex bank, who told this medium that the report is completely false , warned that such reports could have serious adverse consequences for the economy.
According to the top official, the CBN has not changed its strategy of allowing a gradual convergence of the parallel and official market exchange rates.
“The report is not true. The CBN has not devalued the naira. The exchange rate of the naira on the FMDQ website as at yesterday was N464.67 per dollar. The authors of the report may have their own agenda, but the CBN’s plan is that the best approach is to allow for a gradual convergence of all the rates.
-
Just In:2 years ago
Just-In: Tompolo Shot Dead During PDP Primary
-
News3 years ago
GAY: Nigerian Man, Ayo Unveils His Partner
-
News3 years ago
Breaking: Finally Obasanjo Speaks About President Buhari’s Death
-
Breaking3 years ago
Breaking: Nigeria Is A Victim Of Leadership Disaster- Rev. Aniagwu
-
Banking1 year ago
Breaking: CBN Declares Old Naira Notes As Illegal Tenders
-
Breaking3 years ago
Shocking: Chevron CMD Divorce Throws Wife, 8-Year Old Daughter Out Of Matrimonial Home…
-
Breaking3 years ago
LAGOS ANNOUNCES SCHOOL RESUMPTION SCHEDULE FOR NEW ACADEMIC SESSION
-
Breaking3 years ago
BREAKING! Unknown Gunmen Kill Late Prof Dora Akunyili’s Husband