CBN denies devaluing Naira to N630/$1

The Central Bank of Nigeria, (CBN) on Thursday, debunked reports that it devalued the Naira.

It was earlier reported that the apex bank devalued Naira from N630 to the dollar from N461.60 it sold at the Importers and Exporters (I&E) window the previous day.

But CBN, in a tweet, through its official Twitter handle on June 1st, 2023 wrote: “CBN did not devalue the Naira!”.