The Central Bank of Nigeria (CBN) has swiftly moved to quash rumors of an impending policy change that would peg $1 to N1.25. The rumor had gained traction across social media platforms before being addressed by the central banking authority.
In a statement released via its official Twitter account, the apex bank categorically denied any such policy shift and urged the public to dismiss the viral report. The statement read as follows:
Reacting on Twitter, the apex bank wrote:
“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.”
