Categories: Nigeria News

Naira to dollar exchange rate: CBN clears air on new policy actions on forex

The Central Bank of Nigeria has cleared the air on viral reports of new policy actions in the foreign exchange market.

The CBN made this known Thursday night in its official X, formerly Twitter handle.

According to the apex bank, the purported Press Release dated February 20, 2017, should be disregarded.

“We would like to bring to your attention that the attached images currently circulating on social media are from an old Press Release dated 20th February, 2017, and should be disregarded”, CBN wrote.

Recal that that the CBN floated the Naira in the foreign exchange market in June.

 

 

Treasure Orokpo

A multi-talented individual with a passion for diverse fields, Treasure Orokpo is a trained journalist, skilled cook, and AI enthusiast. When she's not uncovering the latest stories, you can find her whipping up culinary creations in the kitchen and entertainment.

Recent Posts

Latest update on fuel price hike, fuel scarcity for November 22nd, 2024

As Nigerians express their frustrations over the recent fuel price hikes by the Nigerian National…

5 hours ago

Full List of 80,000 delisted companies published by CAC

The Corporate Affairs Commission (CAC) has officially removed companies that failed to file their annual…

5 hours ago

Amended NDLEA Act: Senate approves life imprisonment for drug traffickers, rejects death penalty

The Senate on Thursday agreed with the House of Representatives' recommendation to replace the death…

5 hours ago

Monday Odigie steps down as Bendel Insurance coach

Monday Odigie, the coach of Bendel Insurance Football Club of Benin, has resigned from his…

6 hours ago

Lewandowski reflects on missed Manchester United transfer

Robert Lewandowski has reflected on the time he nearly joined Manchester United in 2012, only…

6 hours ago

Okoye reflects on Super Eagles return after two years

Maduka Okoye has reflected on his first appearance for the Super Eagles in two years.…

6 hours ago