The central bank of Nigeria yesterday released the list of 9 commercial banks barred from participating in foreign exchange tractions because they failed to
The list of the nine suspended banks and the amount of money 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