The Central Bank of Nigeria, CBN, yesterday, suspended nine banks from further dealing in foreign exchange transactions, until they remit all outstanding Nigerian National Petroleum Corporation, NNPC, funds in their vaults into the Treasury Single Account, TSA. The nine banks were barred for concealing $2.12 billion belonging to the NNPC, and failed to remit the […]
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Tag Archives: CBN suspends 9 banks from forex transactions

August 24, 2016 




