Cover
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.
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.”
Dr. Abigail Olagbaye Announces Her Candidacy for ATPN Presidency
Adron Homes Welcomes New Executive, Emphasizing Commitment to Professional Excellence
Glo holds first Festival of Joy draw in Warri
Royal Daisy 3.0 Empowers Young Girls to “Be HER” with Puberty Education and Confidence Building
Bowen University commends Glo on innovation
Breaking: Lawmakers Pass Vote Of Confidence In Obasa
In Search of Justice: Alhaja Enitanwa Muibat Lanre Shittu’s Plea for Recognition and Dignity
Obasa @52: Photos As Lagos Speaker Celebrates With School Kids
FirstBank Host Fintech Summit 6.0, Launches Fintech Innovators Pitch Programme
Zenith Bank Unveils Upgraded ICT Infrastructure, Applauds Customers for Patience
Glo makes more millionaires in Jolly Win promo
Ekiti Governor Honours Primate Ayodele’s Late Father, Names Street After Him
Polaris Bank Clinches “Best Mobile App” Award at Digital Jurist Awards 2024
Gbajabianila and His Goodwill
Exclusive: Dangote PMS is cheaper than imported PMS, sources
