LCCI faults CBN’s suspension of banks from forex transactions

The Lagos Chamber of Commerce and Industry (LCCI) has faulted the suspension of nine Banks from foreign exchange (forex) transactions, describing the decision as counter-productive. LCCI Director General, Muda Yusuf said: “These are shocks that the economy can ill afford at this time”. According to Yusuf, it is right to penalize banks for proven infractions, […]

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