The 9 banks barred from forex transactions – how they got on the list

by Roqeebah Olaoniye The bar On Tuesday 23rd August, the Central Bank of Nigeria released an updated list of 9 banks who failed to remit $21.2billion meant for the Nigerian National Petroleum Corporation (NNPC) into the Treasury Single Account (TSA). Their punishment is to remain barred from foreign exchange transactions until all the monies are remitted.... Read More