The Central Bank of Nigeria (CBN) has addressed ongoing rumors regarding potential new policy actions within the foreign exchange market. The CBN issued a statement through its official X (formerly Twitter) account on Thursday night.

According to the CBN, the widely circulated images and information related to a supposed Press Release dated 20th February, 2017, are outdated and should not be taken seriously.

The CBN emphasized, "We would like to clarify that the images currently circulating on social media are taken from an old Press Release dated 20th February, 2017, and should be disregarded."

It was earlier confirmed that the CBN had implemented a change in its approach to the foreign exchange market by allowing the Naira to float starting in June.