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CBN Debunks Report To Make $1 Equal To N1.25

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Bala Augie
Bala Augiehttps://moneycentral.com.ng
Bala is the Editor of MoneyCentral Media. Bala is a Fellow (FCA) of the Institute of Chartered Accountants in Nigeria (ICAN) and holds a Bsc in Accounting from the University of Abuja. Bala has over 12 years’ experience in the financial journalism landscape with specialization in the Insurance, markets and Finance sectors.
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The Central Bank of Nigeria (CBN) has debunked viral social reports that it is planning to introduce a new Naira policy in November, which will make $1 equal to N1.25.

The apex bank issued the rebuttal on its X page (formerly Twitter) while reacting to the viral report on Wednesday.

“The Central Bank of Nigeria would like to bring to your attention that the attached message currently circulating on social media is false and should be disregarded”, it wrote while flagging the fake news.

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