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[Published: Wednesday August 24 2016]

 Nigeria suspends banks from foreign exchange trading

Abuja 24 Aug (ANA) - Nigeria's central bank has suspended nine commercial banks from all foreign exchange transactions and operations after they failed to transfer $2.1bn (£1.6bn) of dividends from the state-owned gas company to the government, Reuters news agency reports. Last year, President Muhammadu Buhari ordered the merger of state accounts into one single account at the central bank to reduce corruption.(ANA)
FA/ANA/23 August 2016---------

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