{"id":95561,"date":"2023-09-13T21:59:06","date_gmt":"2023-09-13T20:59:06","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/cbn-denies-crashing-forex-to-n1-25-against-dollar"},"modified":"2023-09-14T00:13:35","modified_gmt":"2023-09-13T23:13:35","slug":"cbn-denies-crashing-forex-to-n1-25-against-dollar","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/economy\/cbn-denies-crashing-forex-to-n1-25-against-dollar","title":{"rendered":"CBN denies crashing forex to N1.25 against Dollar"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Nigeria. <\/strong><\/span>The Central Bank of Nigeria (CBN) has denied claims that it would crash the exchange rate to N1.25\/$1.<\/p>\n<p>On Wednesday, CBN disclosed this via its official X, formerly Twitter handle.<\/p>\n<p>Debunking the news, the apex bank attached screenshots of the report tagged \u201cfake news\u201d and noted that \u201cthe attached message currently circulating on social media is false and should be disregarded.\u201d<\/p>\n<p>On June 14, CBN announced the floating of the Naira at the foreign exchange market in line with the directive of President Bola Ahmed Tinubu.<\/p>\n<p>The aim was to unify the forex market window into one; however, the naira continued to slump against the Dollar despite the move.<\/p>\n<p>The Naira exchange stood at N742.10\/$1 as of Tuesday, while the rate at the parallel market is N927\/$1 today.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/nigeria\">Nigeria<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Nigeria. The Central Bank of Nigeria (CBN) has denied claims that it would crash the exchange rate to N1.25\/$1. On Wednesday, CBN disclosed this via its official X, formerly Twitter handle. Debunking the news, the apex bank attached screenshots of the report tagged \u201cfake news\u201d and noted that \u201cthe attached message currently circulating [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":95559,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15],"tags":[1570,2140,503,1621,420,254],"class_list":["post-95561","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-nigeria-2","tag-cbn","tag-dollar","tag-forex","tag-nigeria"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>CBN denies crashing forex to N1.25 against Dollar - Nigeria<\/title>\n<meta name=\"description\" content=\"The Central Bank of Nigeria (CBN) has denied claims that it would crash the exchange rate to N1.25\/$1. 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