Tuesday, July 27, 2021
MARKET UPDATE

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Tag "Isaac Okorafor"

CBN suspends repayment on intervention loans in OFIs, cuts interest rate to 5%

    CBN suspends repayment on intervention loans in OFIs, cuts interest rate to 5%

The Central Bank of Nigeria (CBN) has reduced interest rates on its facilities in other financial institutions (OFIs) from nine to five percent per annum for one year, effective from

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CBN resumes forex sales to banks for school fees, SMEs

    CBN resumes forex sales to banks for school fees, SMEs

The Central Bank of Nigeria has resumed forex sale to commercial banks. In a statement on Wednesday, the apex bank said the move will ensure forex availability to parents who

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CBN: N27bn donated so far through CACOVID

    CBN: N27bn donated so far through CACOVID

The Nigeria private-sector coalition against COVID-19 (CACOVID) has so far realised about N27.160 billion to help fight the coronavirus pandemic. According to a document released by Isaac Okorafor (pictured), CBN

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‘Forex cut for milk importation not political’ — CBN kicks amid RUGA link

    ‘Forex cut for milk importation not political’ — CBN kicks amid RUGA link

The Central Bank of Nigeria (CBN) says its decision to restrict forex for the importation of milk has no political undertone. In a statement released in Abuja on Friday, the

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ALERT: You may be arrested, jailed for spraying naira notes at parties

  ALERT: You may be arrested, jailed for spraying naira notes at parties

The Central Bank of Nigeria (CBN) and commercial banks have resolved to introduce mobile courts to arrest currency hawkers and

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CBN: Why foreign reserves are dropping

  CBN: Why foreign reserves are dropping

The Central Bank of Nigeria (CBN) says there is no cause for alarm over the country’s dwindling foreign reserves. Speaking

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CBN ‘reviewing’ sanctions placed on MTN, four banks

  CBN ‘reviewing’ sanctions placed on MTN, four banks

The Central Bank of Nigeria (CBN) says it is reviewing the recent sanctions placed on MTN and four commercial banks.

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CBN fines four banks N5.8bn, asks MTN to refund $8bn

  CBN fines four banks N5.8bn, asks MTN to refund $8bn

The Central Bank of Nigeria (CBN) has ordered four banks to pay a total sum of N5.87 billion for allegedly

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You can now bid for Yuan, says CBN

  You can now bid for Yuan, says CBN

The Central Bank of Nigeria has begun auctioning the Chinese Yuan for the first time since the naira-yuan swap deal

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HURRAY! CBN close to single rate as BDCs, banks get dollar at same price

  HURRAY! CBN close to single rate as BDCs, banks get dollar at same price

The Central Bank of Nigeria (CBN) has approved that Bureaux de Change operators and commercial banks should get foreign exchange

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