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Wednesday, August 24, 2016

Nine Nigerian banks suspended from FOREX transactions #HNNMoney


Naira exchange rate with dollar

My bank is in the list and I'm not surprised. Changing money at 197 and then buying at 350. They have all refused to pay NNPC money int the single treasury account.

– 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

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