Glamtush reports that 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.”
New series Jhanak Star Life teasers May 2024 can be accessed on this online platform. The show…
Star Life new series, Jhanak premieres on Friday, May 24 at 18h00. It tells…
The Little Black Dress, commonly referred to as LBD, is a classic fashion item that…
A new bill that seeks to harmonise all geographic information service projects of Lagos is…
Photos from Nollywood actor, Junior Pope burial has surfaced online. The burial of late…
Access Bank Group and Aig-Imoukhuede Foundation have pledged $300m to transform Africa’s economic landscape. …