The Central Bank of Nigeria, CBN, has barred nine commercial banks from participating in all foreign exchange transactions and operations. According to the apex bank, the commercial banks were barred following their failure to remit into the Treasury Single Account the sum of $2.12 billion belonging to the nation’s oil corporation, the Nigerian National Petroleum Corporation (NNPC).
The nine banks comprise of three tier-one lenders and another six tier-two deposit money banks. All the banks remain barred from foreign exchange operations until they fully remit the NNPC funds into government coffers via the Treasury Single Account.
Wednesday, 24 August 2016
Home
Unlabelled
CBN bars 9 commercial banks from all foreign exchange transactions and operations
CBN bars 9 commercial banks from all foreign exchange transactions and operations
About Eazy Feeds
EazyFeeds Blog is an Online Media Outlet Dedicated to Bringing You First Hand Information, Trending News And Gist At Your Finger Tips. We Believe In Feeding Our Audience with Undiluted Information and Real-Time News Headlines as It Breaks. We Carefully Source Out For Our Media Feeds so as to Deliver Swiftly and Prompt to Your Nourishment Online
Stay Connected With Us on Social Media 24/7
Subscribe to:
Post Comments (Atom)
';
(function() {
var dsq = document.createElement('script'); dsq.type = 'text/javascript'; dsq.async = true;
dsq.src = '//' + disqus_shortname + '.disqus.com/embed.js';
(document.getElementsByTagName('head')[0] || document.getElementsByTagName('body')[0]).appendChild(dsq);
})();
No comments:
Post a Comment
Feel Free To Leave A Comment