TSA: CBN enforces sanction, shuns nine banks in dollar sales

*Meets bank execs, readmits UBA into FX market *FirstBank moves to net off NNPC’s $500m exposure to bank *Naira falls to $402/$1, investors offload banking shares 25 August 2016, Lagos — The Central Bank of Nigeria, CBN, enforced the sanction imposed on banks that failed to return Nigerian National Petroleum Corporation (NNPC)/Nigerian Liquefied Natural Gas […] More »