We Don’t Have Any Plan To Devalue Naira, CBN Says

There is no truth whatsoever in speculations that the naira has been devalued or that a devaluation is imminent, the Central Bank of Nigeria (CBN) has said.

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The bank’s Acting Director of Corporate Communications Department, Isaac Okorafor, described the speculations as the handiwork of those who are bent on seeing Nigeria do their bidding and using the uncensored social media.

CBN Governor MR Godwin Emefiele
CBN Governor MR Godwin Emefiele

According to him, the devaluation of the naira would come with an official announcement and not speculation, assuring that the CBN has no plan for that as its current measures to stem the foreign exchange challenges are gradually yielding the desired results.

He therefore, called on the public to disregard the reports or speculations.

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Daniel Enisan is a content writer at edliner.com. With a degree in mass communication, Daniel is a full breed journalist. Daniel is a realist, loves the use of sarcasm, a movie and music junkie. He is also a poet and a good listener.

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