Nigeria’s apex financial institution, The Central Bank of Nigeria (CBN) yesterday being the 21st of August barred 9 Nigerian commercial banks from operating in... List Of Nigerian Commercial Banks Barred From Forex Transactions by CBN

Nigeria’s apex financial institution, The Central Bank of Nigeria (CBN) yesterday being the 21st of August barred 9 Nigerian commercial banks from operating in Foreign Exchange transactions. The below listed banks according to CBN were suspended for failing to remit funds from NNPC into the Treasury Single Account Treasury.

See the list of the nine suspended banks and how much they failed to remit below:
– United Bank for Africa (UBA) -$530m
– First Bank of Nigeria (FBN)- $469m
– Diamond Bank Plc-$287m
– Sterling Bank Plc-$269m
– Skye Bank Plc -$221m
-Fidelity Bank -$209m
– Keystone Bank- $139
– First City Monument Bank (FCMB) -$125m
‎- Heritage Bank-$85m

There suspension will be lifted once they remit the NNPC funds into the TSA

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