• FirstBank, others clarify positions on forex sanction by CBN

    FirstBank, others clarify positions on forex sanction by CBN

    Some banks on Wednesday clarified their positions on the alleged suspension from the foreign exchange market transaction by the Central Bank of Nigeria (CBN) over alleged non-remittance of the NNPC dollar deposits.

    The affected banks expressed their stance in statements and e-mails to customers on Wednesday in Lagos.

    The banks include the FirstBank Ltd., Fidelity, Keystone and Heritage.

    FirstBank in a statement, said that the referenced NNPC dollar accounts were fully disclosed to the CBN.

    It said that accounts were being operated in line […]