CBN investigates 55 companies over foreign exchange infractions

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CBN investigates 55 companies over foreign exchange infractions vanguardnews

The apex bank linked them to foreign exchange deals outside the official Investors & Exporters window.

The I&E window was created by the CBN as the legitimate platform for buying and selling of foreign currencies.Some of the major corporate organisations in the list include Stallion Nigeria Limited, a conglomerate involved in several sectors of the Nigerian economy. The list also includes Nigeria’s leading electronic payment company, Interswitch Nigeria Limited, as well as a leading global shipping line, CMA CGM Nigeria Shipping Limited.

Other big names in the list include Petro-Afrique Energy Services Limited, Steel Force Far East Limited, Auto Petroleum Company Limited, Cavendish Mechanicals Limited, Aquashield Oil & Marine Limited, Haitch & Elf Integrated Services Limited, Fenog Nigeria Limited, and Promasidor Nigeria Limited.All rights reserved.

 

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