A presidential spokesman, Femi Adesina, who spoke on Channels TV’s Sunday Politics, described the claim as fake and false.
“It does not exist, it is fake, it is false, it is apocryphal, it doesn’t”, Adesina said.
At the moment, a dollar is being exchanged at N480 at the black market despite the official rate of below-N400.
Godwin Emefiele, Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, attributed the rising inflationary trend to insecurity.
The Governor also attributed the hike in electricity tariff, petrol pump price and Naira depreciation to inflation.
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