Naira Devaluation’s Fake News – 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 the column.ng that the report is completely false , warning 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 union also asked the government to comply with the provisions of sections 10(2), 13, and 14 of the State Assembly Service Commission Law, 2018, and the Statutory Offices (State Emoluments) Amendment Law, 2018 as it affects “due salary and allowances to some of our members since their respective dates of appointment.”