The Central Bank of Nigeria CBN yesterday barred 9 commercial banks from participating in Foreign Exchange transactions. The banks were suspended for failing to remit funds from NNPC into the Treasury Single Account TSA. 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

http://gurusfanz..com.ng/2016/08/list-of-banks-cbn-barred-from-foreign.html
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More than a billion dollars being pulled out of d economy again? This has to be d peak of Cluelessness! E be like say na devil one punish Nigerians o.. because God go don av mercy a HP ready

manutdadex:
More than a billion dollars being pulled out of d economy again? This has to be d peak of Cluelessness! E be like say na devil one punish Nigerians o.. because God go don av mercy a HP ready

Did I hear you say more than a billion or even more than 2 billion naira.All is well with Nigeria!!!