CBN Denies Naira Devaluation Amid Black Market Rates

The Central Bank of Nigeria (CBN) denies devaluing the Naira officially, attributing the currency's decline to market forces. However, the reality on the street, with the Naira hitting record lows against the dollar, paints a different picture.

Ordinary Nigerians face increasing hardships while some individuals seem to profit from the situation. This discrepancy raises questions about who benefits from the currency fluctuations and the impact on the general populace.