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Wednesday, 24 August 2016

Nigeria banks banned from foreign currency deals

Nigeria banks banned from foreign currency deals

 
Nine Nigerian banks have been suspended from foreign currency trading for not
paying money owed to the government, a central bank source has told the BBC.
The banks are said to be withholding a total of $2.1bn (£1.6bn) belonging to
the state-owned oil company.

Last year, President Muhammadu Buhari ordered the merger of all state accounts
into [...]

This Post :
http://www.massivetrendz.com/2016/08/24/nigeria-banks-banned-foreign-currency-deals/
Appeared First On http://www.massivetrendz.com

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