In Show of Strength, FirstBank, Zenith Lead In Forex Allocation from CBN

THISDAY’s review of the latest returns on utilisation of foreign exchange bought by 14 commercial banks from the Central Bank of Nigeria (CBN) has shown that First Bank of Nigeria Limited (FirstBank) with a total of $25,701,921.17 reported the highest amount of forex purchased from the CBN on behalf of its customers.

Forex consumption is a function of the volume of business a bank does, particularly with the larger corporates and manufacturing firms that use huge chunks of forex.


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