The Central Bank of Nigeria (CBN), Governor, Godwin Emefiele, has stated that the bank has not devalued the Naira,saying it only adjusted price.
A post on Safurday on the bank’s verified twitter handle, reads, “CBN Governor, Godwin Emefiele,clarifies supposed devaluation of Naira. Says it is an adjustment of price and not a devaluation of the currency.”.
The bank had on Friday adjusted the official rate of the Naira from N306 per dollar to N360, while it directed Bureaux de Change across the country to sell at N380.
