Nigeria’s Forex market: CBN reinstates 9 suspended banks

02 September 2016, Abuja — The Central Bank of Nigeria, CBN, has reinstated the nine banks recently suspended from the foreign exchange market. They were suspended for allegedly failing to remit about $ 2.3 billion funds of the Nigerian National Petroleum Corporation, NNPC, to the Treasury Single Account, TSA, of the federal government. The CBN […] More »