UBA, Wema, four others disqualified from CBN FX auction

Six prominent banks, including United Bank for Africa (UBA), Wema Bank, and Stanbic IBTC, were disqualified from a recent retail Dutch auction by the Central Bank of Nigeria (CBN). The CBN auctioned $876.26 million to 26 qualified banks as part of its strategy to ease demand pressure in the foreign exchange (FX) market and promote [...]The post UBA, Wema, four others disqualified from CBN FX auction appeared first on National Daily Newspaper.

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