Domiciliary Accounts

The Central Bank of Nigeria (CBN) says there are no plans by the Federal Government to convert its $30bn domiciliary deposits to Naira. The Apex Bank in a reaction to a story published by a national newspaper alleging that the government…

The Central Bank of Nigeria (CBN) has refuted purported claims that the apex bank has plans to convert domiciliary account holdings into Naira. In a circular signed and issued by the CBN’s Director for Corporate Communications,…