Cbn bars 9 banks forex market 2 3bn nnpc funds

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Based on this information, it appears that the Central Bank of Nigeria has taken action to restrict or block the transfer of 2.3 billion naira from nine commercial banks to the Nigerian National Petroleum Corporation (NNPC) for use in the foreign exchange market. This could be a measure to prevent the misuse of funds or to ensure that the funds are used for their intended purpose.