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List Of Nigerian Banks Banned By CBN From Making Foreign Transactions

CBN GOVThe Central Bank of Nigeria CBN yesterday barred 9 commercial banks from participating in Foreign Exchange transactions. The banks were suspended for failing to remit funds from NNPC into the Treasury Single Account, TSA.

See the list of the nine suspended banks and how much they failed to remit below:

– 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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About Peace

Peace is a wife and mother who reports and analyses global trends from the perspective of a Deeva; in the hope of invoking a thought process that will lead to a positive change.

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