CBN

CBN debunks the introduction of the new Naira policy

The Central Bank of Nigeria (CBN) has debunked viral social media reports that it is planning to introduce a new Naira policy in November, that would 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 stated while flagging the fake news.