Tuesday, September 25, 2018

Tag "Isaac Okorafor"

    CBN: We are under attack, but won’t change our forex policy

CBN: We are under attack, but won’t change our forex policy

The Central Bank of Nigeria (CBN) says it has come under attack for its foreign exchange policy, but would not change the policy nor bow to these "self-serving" interests.In a statement by Isaac Okorafor, the bank's spokesman, the CBN said it "has observed with great concern the continued and unwarranted attack on its policies by a group of Nigerians, whose [...]

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    High cost ‘stops’ CBN from printing small naira denominations

High cost ‘stops’ CBN from printing small naira denominations

The Central Bank of Nigeria (CBN) has not printed the small naira denominations for about a year, causing the scarcity of the notes in the economy, NAN is reporting.NAN quoted sources at the CBN as saying that for a year now, the apex bank did not award contract for the printing of the notes such as N5, N10, N20 and [...]

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    CBN ‘releases’ $660m to ease raw material import

CBN ‘releases’ $660m to ease raw material import

The Central Bank of  Nigeria (CBN) says it has made foreign exchange valued at over $660m available in the inter-bank market to source raw materials and spare parts for manufacturing and agriculture. Isaac Okorafor, the CBN acting director of corporate communications, said the measure by the CBN was in line with its promise to ease foreign exchange pressure on manufacturing and [...]

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    ALERT: Beware of unregistered money transfer operators, CBN warns

ALERT: Beware of unregistered money transfer operators, CBN warns

The Central Bank of Nigeria (CBN) has warned Nigerians at home and abroad to be cautious of unlicensed international money transfer operators (IMTOs).In a statement signed by Isaac Okorafor, the bank’s director of corporate communications, CBN warned that IMTOs must be licensed to carry financial activities.“The Central Bank of Nigeria (CBN) wishes to advise Nigerians at home and in the Diaspora [...]

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    CBN suspends key staff over ‘plot to defraud’

CBN suspends key staff over ‘plot to defraud’

The Central Bank of Nigeria (CBN) says it has suspended key personnel connected to a fraudulent transaction aimed at defrauding the apex bank.In a statement signed by Isaac Okorafor, acting director corporate communications, the bank said it has launched an "unfettered investigation into the fraud.“A highly sophisticated plot to defraud the Central Bank of Nigeria (CBN) by some criminally minded [...]

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Exchange Rates

September 24, 2018USDGBPEUR
INTERBANK360.45480.18420.32
LAGOS360485425
KANO361483423
PH362482423
ABUJA362481423
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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