On Air Now

Game On

7:00pm - 10:00pm

CBN Denies Devaluing Naira

You are viewing content from Nigeria Info, Let's Talk! Lagos. Would you like to make this your preferred location?

The Central Bank of Nigeria (CBN) has denied  reports of the devaluation of the naira against the US dollar.

In a Twitter post on Thursday morning, the CBN branded the report from a national daily as fake news.

The publication reported that the naira was devalued to N631 to the dollar from N461.6 at the Importers and Exporters (I&E) window.

The news report mentioned that the apex bank sold the spot rate to banks on behalf of their customers at N631 to a dollar at the resumption of the weekly bidding for foreign exchange, and that most bidders got the full amount they requested.


  • Lagos Weather

    Thunder storm

    High: 33°C | Low: 26°C