The Central Bank of Nigeria has lifted the restriction on Foreign Exchange transactions it placed on 9 commercial banks last week for failing to... CBN Lifts Forex Restrictions on some Barred Comercial Banks

The Central Bank of Nigeria has lifted the restriction on Foreign Exchange transactions it placed on 9 commercial banks last week for failing to remit $2.12 billion belonging to the nation’s oil corporation, the Nigerian National Petroleum Corporation (NNPC), into the Treasury Single Account TSA. The nine banks comprised of three tier-one lenders and six tier-two deposit money banks.

SEE ALSOList Of Nigerian Commercial Banks Barred From Forex Transactions by CBN

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