Following a meeting of Nigerian Bank Executives and officials of the Central Bank of Nigeria (CBN) on the suspension of Nigerian banks from Foreign Exchange trade
The United Bank For Africa, UBA, has announced that it has been readmitted into the Forex Exchange Market.
The readmission was contained in a statement issued on Wednesday by the bank`s spokesperson, Charles Aigbe.
The statement read: “Further to our press statement of yesterday, we are pleased to inform our valued customers, stakeholders and business partners as well as the general public that the CBN has re-admitted us into the Foreign Exchange Market following our remittance of all NNPC/NLNG dollar deposits.”
“UBA wishes to thank you all for your continued support and patronage.”
Nigeria`s apex bank, Monday expelled nine banks for failure to remit NNPC/NLNG $2.3 dollar deposits.
