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United Bank for Africa (UBA) re-admitted into FOREX Market

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Thursday, August 25, 2016 6:02am /Press Release    

Further to the directive of the Central Bank of Nigeria (CBN) to all Deposit Money Banks (DMBs) to return all outstanding unremitted NNPC/NLNG foreign currency, this is to confirm that the United Bank for Africa (UBA) Plc has remitted all outstanding NNPC/NLNG deposits in its possession to NNPC’s Treasury Single Account (TSA) at the CBN. 

Accordingly, the United Bank for Africa (UBA) Plc has been re-admitted into the Foreign Exchange Market effective Thursday, August 25, 2016 

Signed: 

‘Tokunbo Martins
Director, Banking Supervision 

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