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Nairaland Forum / Nairaland / General / Business / List Of Banks Barred From Forex Transactions By Central Bank Of Nigeria (864 Views)
Forex Transactions On Investors & Exporters Window Hit $7.62bn / CBN Suspends 19 Banks From Forex Sale To BDCs / CBN Orders Banks To Publish All Forex Transactions On FMDQ (2) (3) (4)
List Of Banks Barred From Forex Transactions By Central Bank Of Nigeria by philchudi: 10:59pm On Aug 23, 2016 |
The Commercial Banks, Whose Suspension Would Remain In Force Until They Remit All Funds To The TSA According According To The Central Bank Includes: United Bank for Africa (UBA) -$530m; First Bank of Nigeria (FBN)- $469m; Diamond Bank Plc-$287m; Sterling Bank Plc-$269m; Sky Bank Plc -$221m; Fidelity Bank -$209m; Keystone Bank- $139; First City Monument Bank (FCMB) -$125m; and Heritage Bank-$85m, totaling . It will be recalled that CBN had couple of months ago, released the highlights of the much awaited Flexible Foreign Exchange Market Policy , which according to report, followed the investigation revealed. The highlights, which are key notes and agreements reached by the Central Bank of Nigeria (CBN), were released on Wednesday, weeks after the Monetary Policy Committee announced the introduction of the policy. After its Meeting Of May 24 , the CBN said the policy would allow the bank retain a small portion of foreign exchange for critical transactions. However, going by the calculation, Vanguard investigation , revealed that the erring banks had in its records Zennith Bank (Undisclosed amount), which was later removed from the list of barred banks. |
Re: List Of Banks Barred From Forex Transactions By Central Bank Of Nigeria by Flexherbal(m): 11:00pm On Aug 23, 2016 |
Na almost all the big banks. |
Re: List Of Banks Barred From Forex Transactions By Central Bank Of Nigeria by elijahsinto(m): 12:06am On Aug 24, 2016 |
Celebrating FTC
Na dem sabi....
Less dependent on dollars the better the Naira |
Re: List Of Banks Barred From Forex Transactions By Central Bank Of Nigeria by pressreporters: 12:08am On Aug 24, 2016 |
lolz its not funny indeed |
Re: List Of Banks Barred From Forex Transactions By Central Bank Of Nigeria by leofab(f): 12:23am On Aug 24, 2016 |
Oshey |
(1) (Reply)
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