On Tuesday, the Central Bank of Nigeria, CBN, suspended nine banks in Nigeria from trading in the foreign exchange market.
But the ban placed on one of the affected banks, the United Bank for Africa, UBA Plc, has now been lifted.
UBA disclosed in an email on Wednesday night that it has now be readmitted into the market.
The bank thanked its customers for their continued support and patronage and assured them of more quality service delivery.
UBA said it was admitted back into the market after it remitted all NNPC/NLNG dollar deposits.
“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,” the email said.
