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Breaking News: CBN reinstates 9 banks suspended from forex market - Nairaland / General - Nairaland

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Breaking News: CBN reinstates 9 banks suspended from forex market by ChukwuIbrahim: 3:06pm On Aug 31, 2016
The Central Bank of Nigeria ( CBN ) has reinstated the nine banks that were recently suspended from the foreign exchange market.
They were suspended last week for failing to remit about$ 2.3 billion funds of the Nigerian National Petroleum Corporation (NNPC) to the Treasury Single Account (TSA) of the federal government.

The CBN Director of Banking Supervision, Mrs. Tokunbo Martins, who announced the reinstatement in Abuja , Wednesday, explained that the apex bank took the decision after the banks presented repayments plans.

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
United Bank for Africa (UBA) -$530m




Details later...

www.vanguardngr.com/2016/08/breaking-news-cbn-reinstates-9-banks-suspended-from-forex-market/

Lalasticlala
Re: Breaking News: CBN reinstates 9 banks suspended from forex market by ojun50(m): 3:14pm On Aug 31, 2016
Cbn wey them they remote every day

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