BREAKING: CBN Speaks On Making $1 Equal N1.25

The Genius Media Nigeria reports that Apex Bank, The Central Bank of Nigeria has denied reports that it is planning a policy that could make the naira at par with the dollar

The bank reacted to a viral social media report that it plans to make $1 equal N1.25

The bank, however, asked commercial banks not to be reckless in spending their FX gains on dividend payment

The Central Bank of Nigeria (CBN) has denied viral social media reports saying it plans to introduce a new foreign exchange policy to make the naira equal to the US dollar.

CBN made the denial on its Twitter page as it reacted to the report on Wednesday, September 13, 2023.

Central Bank tweeted: