For the CBN to sell $1.0 at N431 on one day and N631 24 hrs later is a deliberate and calculated 50% devaluation of the Naira. Period. I stand with DAILY TRUST on this story.
The only reason CBN was quick to debunk the naira devaluation news by Daily Trust yesterday was so people don't overreact to it.
“′We stand by our story′-- Daily Trust replies CBN on naira devaluation report - TheCable”
The only reason CBN was quick to debunk the naira devaluation news by Daily Trust yesterday was so people don't overreact to it.
“′We stand by our story′-- Daily Trust replies CBN on naira devaluation report - TheCable”