The Central Bank of Nigeria on Wednesday fined Standard Chartered Bank N2 billion for foreign exchange infraction, according to reports from Thisday.
The CBN was said to be irked that the bank had bought $25 million at the official rate and sold it at a price above the inter-bank rate.
Recall, on Tuesday sources had informed Nairametrics that an unnamed bank had bought forex above the interbank rate and also sold above it to the surprise of other commercial banks. This perhaps prompted other banks to break ranks.
This day is also reporting that the bank’s treasurer is also said to have been suspended by the CBN.
Source: CBN Fines Standard Chartered Bank N2bn for FX Infraction
my fellow Nigerians weep not for Nigeria,things are getting better,soyinka said he is coming back to Nigeria,that as soon Mrs Buhari accept the membersip card offered to her,by the PDP official,after her interview on BBC
some Nigerians in america are saying they coming back to Nigeria.
I says it’s blood good news for Nigeria,there was never America was great,we built America, on unpaid sorrows and of Africans,now it’s going to be an eye for an eye.govt will closes down CNN,CNBC,BLOOMGERG,THIS GEORGE SOROS OPEN SOCIETY,they should locate to America,those Nigerians living illegally in America will have ample reason to locate to Nigeria,afterall mr trump promised to deport all illegal immigrates.
God bless Nigeria.