CBN Refutes Claims That Exchange Rate Has Been Removed From Its Website

The Central Bank of Nigeria (CBN) has refuted media reports that it took the foreign exchange rate off its website.

This is according to a source at the Central Bank of Nigeria.

According to reports by some media outlets, the CBN took down the N411.29/$1 exchange rate from the homepage of its website.

A quick check reveal the website currently shows the exchange rate at $411.32, which is in line with the rate at the Investors and Exporters window, as of Nov 08 2021.  It is however unclear whether it was updated after media reports sighting its removal were published.

An inquiry from a CBN top official and he said, the news of the  removal of the exchange rate from the website is “completely false.” He asked individuals to visit the website to confirm for themselves.

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The Publisher Nigeria gathered earlier today that Naira depreciated against the US dollar to close at N414.55/$1 on Monday 8th November 2021, representing a 0.06% decline compared to N414.3/$1 recorded at the close of trading activities on Friday, 5th November 2021.