CBN denies plan to convert $30m domiciliary depots into Naira
The Central Bank of Nigeria (CBN) has said that it has no plan to convert $30 billion domiciliary deposits into Naira. In a statement by its acting spokesperson, Sidi Ali, on Saturday, the financial regulator said that it was working hard to stabilise the foreign exchange market “as evidenced by its recent work and policy directions”. The CBN assured Nigerians that …