List of the Nine Commercial Bank CBN Suspended from participating in Forex Market

Yesterday The Central Bank of Nigeria CBN  barred 9 commercial banks from participating in Foreign Exchange transactions. The Nine banks were suspended caused they failed to remit funds from NNPC into the Treasury Single Account TSA. There suspension will be lifted once they remit the NNPC funds into the TSA.

Below are the list of the Banks that were suspended

- 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

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About Oluwaseun Oladoja

A Computer Science Student, Writer, Serial Entreprenuer with love for infotech. Editor-In-Chief and Director of Brand NewsReportage.com.ng