The Central Bank of Nigeria has refuted reports that the Federal Government has secretly devalued the naira from N199 to N290 to the United States dollar.
The nation’s apex bank also reiterated it has no plan to devalue the currency soon.
The refutal came on the heels of an online weekend publication that the naira had been devalued.
Reacting to the report, Acting Director of Corporate Communications, Mr Isaac Okoroafor told Daily Sun yesterday that those spreading the rumour were doing that for their selfish interest.
The apex bank appealed to Nigerians to disregard such baseless stories and relay on regulator of the industry for correct statements on its policies.
Okoroafor reaffirmed the bank’s commitment to always work for the interest of Nigerians and the nations economy.
The online publication had noted that; “after months of insisting that he had no plans to devalue the naira, President Muhammadu Buhari has caved to pressure to change course A day after the Buhari administration increased the price of the pump price of fuel by 67per cent, from N86.5 to N145 a litre, our sources disclosed that Mr. Buhari has also agreed to demands by the International Monetary Fund (IMF) that he significantly devalue the Nigerian currency. Our sources indicated that the naira would be pegged at N290 to one dollar. The current official rate is about N200 to a dollar…” (Daily Sun)