The Central Bank of Nigeria (CBN) has tackled Daily Trust Newspaper over its report on June 1 2023, that the apex bank has devalued the Naira.
In a statement on Thursday morning, the Ag. Director, Corporate Communications, Isa AbdulMumin, insisted that the report by Daily Trust newspapers bordered on wilful ignorance.
According to him, the report by the newspaper is riddled with outright falsehood and destabilizing innuendos which reflect wilful ignorance by the revered news medium.
“The attention of the Central Bank of Nigeria (CBN) has been drawn to a news report by Daily Trust Newspaper of June 1, 2023, titled “CBN Devalues Naira to 630/$1”.
“We wish to state categorically that this news report, which in the imagination of the newspaper is exclusive, is replete with outright FALSEHOODS and destabilizing innuendos, reflecting potentially willful ignorance of the said medium as to the workings of the Nigerian Foreign Exchange Market.
“For the avoidance of doubt, the exchange rate at the Investors’ & Exporters’ (I&E) window traded this morning (June 1, 2023) at N465/US$1 and has been stable around this rate for a while.
“The public is hereby advised to ignore the news report by Daily Trust in its entirety, as it is speculative and calculated at causing panic in the market,” the statement said.
The Apex Bank further urged media practitioners to verify their facts from the Central Bank of Nigeria before publishing in order not to misinform the public.
