Following reports that the Central Bank of Nigeria, CBN, has officially devalued the naira to sell for N630 to $1 in the early hours of Thursday, the Apex bank has debunked such reports as fake and purely imaginary.
In a statement issued by its Director of Communications, Isa AbdulMumin, the bank said that the news report, which the newspaper said was an exclusive, was full of lies and terrible speculations that reflects the ignorance of the newspaper on the workings of the Nigerian Foreign Exchange Market.
“For the avoidance of doubt, the exchange rate at the investors’ & Exporters’ window traded this morning (June 1, 2023) at N465 /USD $1 and has been stable around this rate for a while,” he added.
AbdulMumin advised Media practitioners to verify their facts from the CBN before publishing in order not to misinform the public.
However Nigerians who found the CBN clarification short on information reacted angrily to the Apex institution’s response which they found inadequate. See some of reactions to the CBN tweet below;
👑S.A.L.A.K.O🕊
@UnkleAyo
So what did CBN do?
What does CBN intend to do?
How did Daily Trust get whatever news they published?
Make a proper rebuttal instead of tweeting like penking.
Show replies
Khan 🧢 🌟
@Khanstillday
·
16m
So what’s the real value now??
THA GREAT
@WoruleCool
·
18m
Come n see
@ChukwuyemEledan
Edo Wizard🤴🏽💟
@ChukwuyemEledan
·
18m
ha! Thank God oh
nawa
Show replies
Olúyẹmí Fásípè AICMC
@YemieFash
·
15m
Lmao 🤣
Shegun 🌪️🌟
@ShegunTweets
·
18m
how about counter it with what cbn did?
George Onyedikachukwu Nnadozie
@GeorgeNnad
·
21m
Then tell us what CBN did! That’s how to make a proper rebuttal! Don’t just say a news is fake, tell us what is correct. It’s poor communication that breeds all manner of misunderstanding and fuels fake news.
Show replies
Upcoming Bill Gates
@FavoredSinner
·
15m
That means it’s true.
Upcoming Bill Gates
@FavoredSinner
·
9m
How about this
“Contrary to circulating news, the CBN has not devalued the Naira. We urge the public to disregard these reports. A comprehensive statement clarifying our monetary policy will be released in due time. We appreciate your patience and understanding.”?
Sir J (J9)
@SirJarus
·
3m
This is for Twitter. The best approach, imv
Why would they release a “comprehensive statement clarifying” their monetary policy in due time when nothing has changed?
A media outlet reported a non-existent news, or misreported regular course of transaction as devaluation
Crypto Coach 🐒📈💰
@WisdomMatic
·
11m
So what is the rate as at today?
Show replies
🇳🇬 D.U.C.E🗣
@mazi_duce
·
10m
On your Mandate, we all shall be confused.🤣🤣🤣🤣🤣🤣
Show replies
OG
@spluntsplash
·
12m
What about fuel ?
Show replies
Sir KANEYOVIC
@aretheyniyi
·
16m
The word “fake news” in Nigeria this days actually says it’s Real News
P̺͆R̺͆I̺͆N̺͆C̺͆E̺͆ ~ C̺͆H̺͆A̺͆R̺͆M̺͆I̺͆N̺͆G̺͆ 𓅓 ➐
@Dprince_charmin
·
10m
Who wrote the one we just read in punch news..?? Be like all of una dey mad
