The Central Bank of Nigeria has debunked the claim that it has devalued the naira.

A single tweet by the CBN on Thursday morning said,” CBN did not devalue the Naira.”

According to report by Daily Trust, the CBN on Wednesday devalued the naira to N630 to $1 from N461.6.

A source who spoke to the media house revealed that the dollar was sold at the new rate on the Importers and Exporters window on Wednesday.