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BREAKING: CBN Reacts To Reports On Introducing Policy To Make $1 To N1.25

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CBN Currency

BREAKING: CBN Reacts To Reports On Introducing Policy To Make $1 To N1.25

CBN Currency

The Central Bank of Nigeria (CBN) has refuted the circulating social media reports claiming that it is considering implementing a new Naira policy in November, where $1 would be equivalent to N1.25.

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The apex bank clarified this on its official social media page, X (formerly Twitter), in response to the viral report on

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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 wrote while flagging the fake news.

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