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CBN Denies Naira Devaluation - Politics - Nairaland

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CBN Denies Naira Devaluation by verifielive: 2:40am On May 14, 2016
Nigeria’s Apex bank, The Central Bank of Nigeria has denied reports that the Naira was secretly devalued to N290 to a dollar. The CBN also denied reports of plans to devalue the Naira in the future.

The bank’s Acting Director, Corporate Communications, Isaac Okoroafor, stated that the naira was never devalued further, saying the speculations are unfounded.

He said; “Naira has not been devalued. The naira devaluation rumour is untrue,”. Nigeria’s current economic crisis might not go away very soon due to fluctuating oil prices, devaluation uncertainties and shortages of forex. Although the CBN as has stiffened its defense of its exchange-rate policy, Devaluation might be a last resort if things don’t go as expected in the future.

http://dumebiifeanyi.com/cbn-denies-naira-devaluation/

1 Like

Re: CBN Denies Naira Devaluation by tit(f): 2:50am On May 14, 2016
Zoogeria jagaa jagaa
everything scatter scatter

21 Likes

Re: CBN Denies Naira Devaluation by samadeyemi007(m): 3:46am On May 14, 2016
Season of denial......

19 Likes 1 Share

Re: CBN Denies Naira Devaluation by chriskosherbal(m): 3:49am On May 14, 2016
OK I see
Re: CBN Denies Naira Devaluation by Nobody: 3:54am On May 14, 2016
He said; “Naira has not been devalued. The naira devaluation rumour is untrue,”. Nigeria’s current economic crisis might not go away very soon due to fluctuating oil prices,devaluation uncertainties and shortages of forex. Although the CBN as has stiffened its defense of its exchange-rate policy, Devaluation might be a last resort if things don’t go as expected in the future.

Above in bold tells you it will be happening soon...a clever way of admitting the rumor!!

66 Likes 5 Shares

Re: CBN Denies Naira Devaluation by HisRoyalHardnes(m): 4:31am On May 14, 2016
This present govt na clown govt. dia jokes no just dey funny.

6 Likes

Re: CBN Denies Naira Devaluation by Monimatic(m): 5:39am On May 14, 2016
Immediately Buhari jet out of the country for his next round of junketting, CBN will announce the Devaluation of the Naira.
That is how Buhari's Government operates, Buhari will travel out first and the Government will announce several anti people policies, that has been the trend and pattern since Buhari assumed power May 29 last year.

87 Likes 5 Shares

Re: CBN Denies Naira Devaluation by Oblitz(m): 6:58am On May 14, 2016
watchin naija with 3d googlez grin

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Re: CBN Denies Naira Devaluation by SLIDEwaxie(m): 7:07am On May 14, 2016
Na people weh get comprehensive deficiency dey follow talk say govt wan devalue...

The VP clearly says, we shall reevaluate and revisit the naira to work for all...

He didn't talk devaluation.

4 Likes

Re: CBN Denies Naira Devaluation by chimaobinelson(m): 8:52am On May 14, 2016
I earlier learnt that buhari has agree to IMF condition of devaluation of Naira as a criteria to access some kinnda fund from IMF,
and i said to myself,haven known dat only d CBN reserv d monopilistic right to mk such currency peging policies, i rhetorically asked "what a DICTATOR we have"as i refered back to my calender if we had goneback to 1983

7 Likes

Re: CBN Denies Naira Devaluation by koboko69: 8:52am On May 14, 2016
Intellect20:


Above in bold tells you it will be happening soon...a clever way of admitting the rumor!!

What is wrong is stating the obvious truth?

1 Like

Re: CBN Denies Naira Devaluation by mekeloby: 8:53am On May 14, 2016
Why are there two contradictory stories on FP, Disorganised MODs.

Regards,
X
Re: CBN Denies Naira Devaluation by Goahead(m): 8:53am On May 14, 2016
The uncertainty of this administration is mind boggling, can we pass a day without being fizzled by this bunch of clueless vermins?

13 Likes 1 Share

Re: CBN Denies Naira Devaluation by Caleboha(m): 8:53am On May 14, 2016
BLOODY LIARS! IF YOU STILL CANT SEE THE NAIVITY OF BUHARI AND HIS CRONIES OR HAVENT REALISED THAT THESE APC GUYS ARE ROOKIES YOUR BRAIN NEEDS TO BE FORMATTED!

8 Likes

Re: CBN Denies Naira Devaluation by Nobody: 8:54am On May 14, 2016
koboko69:


What is wrong is stating the obvious truth?

Obviously you did not read the response from CBN!

2 Likes

Re: CBN Denies Naira Devaluation by ichidodo: 8:54am On May 14, 2016
Devalue this sh**t,gaddem it...Tis bad enough we have fuel at 145..now you cannot devalue the currency to ease fuel marketers demand of dollar for quick importation of the fuel?? or maybe you want them to source it blaclmarket at 345 and sell fuel to Nigerians at 400 naira per litre? ..Dumb Brain dead President,Dumb stupidt Vice President..Dumb asslicking bootlicking Zombie CBN...

14 Likes 2 Shares

Re: CBN Denies Naira Devaluation by Viktor1983(m): 8:55am On May 14, 2016
He who findeth a visa, escape from sorbibor!

7 Likes

Re: CBN Denies Naira Devaluation by hresso: 8:55am On May 14, 2016
Confusion breaky bone.

1 Like 1 Share

Re: CBN Denies Naira Devaluation by Karm16: 8:55am On May 14, 2016
Okoroafor sounds like a clueless buffoon.
Re: CBN Denies Naira Devaluation by Lordtrillion(m): 8:55am On May 14, 2016
Ok
Re: CBN Denies Naira Devaluation by Nobody: 8:55am On May 14, 2016
Nigeria's salvation lies in us leaving our dependency on oil alone. Oil will not , never, ever save us.

2 Likes

Re: CBN Denies Naira Devaluation by lollmaolol(m): 8:55am On May 14, 2016
We don't even know if they have sold us on collateral... God save us

1 Like

Re: CBN Denies Naira Devaluation by kings09(m): 8:55am On May 14, 2016
grin na today? Confusion evrywhr in dis govt. Even d Apc zombies r confused as they dnt knw wch defensive write-up to post for us. Either way, buhari is d best tin to hapn 2 mankind...sory...to them grin grin

12 Likes 1 Share

Re: CBN Denies Naira Devaluation by damton(m): 8:56am On May 14, 2016
fingers crossed
Re: CBN Denies Naira Devaluation by EROMS38(m): 8:56am On May 14, 2016
Useless govt

1 Like

Re: CBN Denies Naira Devaluation by Nobody: 8:56am On May 14, 2016
Hurray!!!!

At last
Re: CBN Denies Naira Devaluation by weezii(m): 8:57am On May 14, 2016
Until you understand that we are doomed till you vote wisely again come 2019, then you'd learn not to have hope in this current crop of Government officials.

Even CBN don follow dey deny... Smh

12 Likes

Re: CBN Denies Naira Devaluation by sigiyaya(m): 8:58am On May 14, 2016
E get anything way una no dey deny na to deny una party name (APC) na em remain

1 Like

Re: CBN Denies Naira Devaluation by Nairadays: 8:58am On May 14, 2016
Good.
Re: CBN Denies Naira Devaluation by Pavore9: 8:58am On May 14, 2016
Our economy has become a circus!
Re: CBN Denies Naira Devaluation by Nobody: 8:58am On May 14, 2016
Hian

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