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Nigerian Bank Executives are Wednesday meeting officials of the Central Bank of Nigeria (CBN) on the suspension of Nigerian banks from Foreign Exchange trade, Reuters news agency is reporting.
The Reuters’ report, which quoted anonymous banking sources, added that the meeting is coming a day after the “central bank suspended nine lenders from foreign exchange transactions for failing to remit money owed to the government.”
“The interbank market opened with no deals, until three minutes before the end of the session on Wednesday, when the central bank intervened with dollar sales, traders said.”
Reuters
The Reuters’ report, which quoted anonymous banking sources, added that the meeting is coming a day after the “central bank suspended nine lenders from foreign exchange transactions for failing to remit money owed to the government.”
“The interbank market opened with no deals, until three minutes before the end of the session on Wednesday, when the central bank intervened with dollar sales, traders said.”
Reuters