Re-Admittance of FirstBank to The Foreign Exchange Market
As a follow up on the recent announcement by the CBN restricting FirstBank from trading in the Foreign Exchange market, we are pleased to announce that FirstBank has been fully re-admitted to trade in the Foreign Exchange market by the CBN with immediate effect. The lifting of the restriction follows the amicable resolution reached between the FirstBank and the Central Bank of Nigeria (CBN).
We would like to reiterate that FirstBank remains a compliant Institution and have always complied with all regulatory rules and regulations. We are in full compliance with the TSA policy requirements in line with the Federal Government’s directive and continue to remit funds received as and when due.
Now that business normalcy has been restored and full Foreign Exchange trading activities reinstated, we thank you for your patience and understanding and regret any inconvenience you might have experienced during the period.
As your financial partner of first choice, we remain committed to providing you world-class financial solutions that meet and surpass your everyday business needs.
Thank you for banking with FirstBank.