Nigeria: CBN Bars Nine Banks From Forex Transactions

The Central Bank of Nigeria has barred nine deposit money banks from all foreign exchange transactions and operations, pending the remittance of $2.12 billion dollars belonging to the Nigeria National Petroleum Corporations to the Treasury Single Account. Sources confirmed to Daily Trust that the nine banks comprise of three tier-one lenders and another six tier-two deposit…

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ACTUALITÉ AFRICAINE À TOUTE HEURE

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