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Tag "Isaac Okorafor"

Foreign reserves peak at $40bn — highest since October 2014

    Foreign reserves peak at $40bn — highest since October 2014

The nation’s external reserves currently stand at $40.4 billion – its highest level since October 2014. This represents an increase of about $1 billion between December 2017 and January 2018.

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CBN: Our programmes have created 7 million jobs

    CBN: Our programmes have created 7 million jobs

Isaac Okorafor, acting director, communications at the Central Bank of Nigeria, says the bank’s development finance interventions has created seven million jobs. Okorafor, who made this statement on Thursday at

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CBN injects $250m into forex market

    CBN injects $250m into forex market

The Central Bank of Nigeria (CBN) has again intervened in the Inter-Bank Foreign exchange Market to the tune of 250 million dollars. Isaac Okorafor, acting director, corporate communications department of

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CBN: We’ve returned N51.9bn to bank customers for illegal deductions

    CBN: We’ve returned N51.9bn to bank customers for illegal deductions

The Central Bank of Nigeria says it has recovered N51.9 billion illegally deducted by commercial banks in the past five years and returned it to customers. Isaac Okorafor, acting director,

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$50m for SMEs, $45m for BTA… CBN eases forex market

  $50m for SMEs, $45m for BTA… CBN eases forex market

The Central Bank of Nigeria (CBN) says it has provided additional $195 million to the inter-bank foreign exchange market in

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CBN injects $190m, unveils fresh rules to liberalise forex market

  CBN injects $190m, unveils fresh rules to liberalise forex market

The Central Bank of Nigeria (CBN) on Monday further liberalised the foreign exchange market by unveiling fresh regulations for a

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UPDATED: CBN to give forex to small-scale importers of items not valid for FX

  UPDATED: CBN to give forex to small-scale importers of items not valid for FX

The Central Bank of Nigeria (CBN) says small-scale importers of items not valid for foreign exchange via the official window,

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Banks to deduct stamp duty for Dec 2016 transactions in May 2017

  Banks to deduct stamp duty for Dec 2016 transactions in May 2017

Deposit money banks (DMBs) say they will deduct stamp duty for transactions carried out in December 2016 and January 2017

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Trouble for dollar hoarders as CBN plans more forex injection

  Trouble for dollar hoarders as CBN plans more forex injection

The Central Bank of Nigeria (CBN) has disclosed its plan to commence announce round of forex injections into the invisible segment

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Naira ends week on strong note, closes at N385 to a dollar

  Naira ends week on strong note, closes at N385 to a dollar

Efforts by the Central Bank of Nigeria to salvage the naira yielded positive results as the nation’s currency closed at

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