Business Forex: LIST of Nigerian Banks With Highest Dollar Return from CBN

[LequteMan]

First Bank of Nigeria Limited is the leading commercial bank in Nigeria that uses foreign exchange from the Central Bank of Nigeria, CBN with a total returns of $25,701,921.17.

• First Bank - $25,701,921.17
• Zenith Bank Plc - $23,811,329.77
• Stanbic IBTC Limited - $20,618,105.09
• Standard Chartered Bank - $17,795,338.87,
• Diamond Bank Plc - $17,691,840.54.
• Guaranty Trust Bank Plc (GTBank) - $15,828,891.14
• Ecobank Nigeria - $14,684,365.28.
• Union Bank of Nigeria Plc - $12,550,289.46;
• Access Bank Plc - $11,994,742.86;
• Citibank Nigeria Limited — $9,238,688.09;
• Fidelity Bank Plc — $7,447,530.26;
• United Bank for Africa Plc (UBA) Plc — $6,711,545.29.
• Sterling Bank Plc - $4,792,887.67
• Keystone Bank Limited - $3,732,629.81.

The allocations include fuel, machinery and pharmaceuticals imports, all the way down to invisibles dominated divestments by foreign investors exiting the Nigerian equities and bond markets, and forex allocations to school fees.