Home » CBN Alerts Nigerians on Fake New Naira to Dollar Exchange Rate

CBN Alerts Nigerians on Fake New Naira to Dollar Exchange Rate

News Desk

The Central Bank of Nigeria (CBN) has urged Nigerians to disregard claims that it sold dollars to eligible Bureau de Change (BDC) operators at N1,301 per dollar.

In a statement posted on X, the CBN clarified that the circular circulating did not originate from the bank.

The fraudulent circular stated that all BDCs are permitted to sell to eligible end-users at a margin no greater than 1% above the purchase rate from the CBN.

In reaction, CBN denied all contents in the fake circular, the Cable reports.

The post reads: “This information is misleading and not affiliated with the Central Bank of Nigeria. Please be guided!”

(Legit)

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