On February 3, 2024, Saturday PUNCH published a story titled ‘Operation rescue the naira: FG considers converting $30BN domiciliary deposits to Naira’. PUNCH made spirited efforts to get the CBN to react to the story, but the spokesperson was unreachable. Expectedly both the Ministry of Finance and the Central Bank took strong exception to the story. The bank issued a rejoinder which PUNCH has since published. Our journalist spoke to a senior government official and PUNCH published a story that is based on their discussion.

Source: Punch February 05, 2024 16:05 UTC