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BREAKING: CBN lifts FX ban on UBA but other banks remain suspended

Central Bank of Nigeria: CBN lifts Forex ban on UBA but other banks remain suspended

Nine banks: Diamond, UBA, Heritage, FBN, Fidelity, Skye, Sterling, Keystone and FCMB were suspended from all FX markets for hiding, failure to remit NNPCg$2.12bn into government coffer.

They will all be allowed to return to NGR FX market  operations once they fully pay-up NNPC$2.1bn into TSA. 

More details later.   

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