On February 4, 2024, the CDD War Room received a claim that the Central Bank of Nigeria (CBN) had issued a statement banning the use of the United States Dollars for domestic transactions within Nigeria. Attached to the claim is an image of a press statement titled “ THE USE OF FOREIGN CURRENCY AS A...
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FACT CHECK: Did CBN devalue the Naira to 630/$1?
On June 1, 2023, Daily Trust reported that the Central Bank of Nigeria (CBN) has devalued the Naira to 630/$1. The report on the country’s currency devaluation was shared on the Newspaper’s Twitter page and as of the time of this report, the tweet has garnered over 500,000 views. This is coming a few days...