Tag: Isaac Okorafor
Scary! Forex Scarcity Persists As Dollar Sells For N445
The dollar exchanged for N445 in the parallel market on Monday due to scarcity and shrinking liquidity in the forex market.
The extension of the...
CBN Orders Banks Not To Retrench Workers
Banks in the country have been ordered by the apex bank, the Central Bank of Nigeria (CBN) not to retrench any of their workers.
A...
Domiciliary Accounts: Here Comes New Set Of Rules From CBN
Apex financial institution, Central Bank of Nigeria (CBN) on Sunday said customers can deposit dollar into their domiciliary accounts but are not allowed to...
Inter-Bank Forex Market: CBN Injects Fresh Rounds Of Funds
The Central Bank of Nigeria, in another round of intervention, Friday, injected over $337m into the Inter-Bank Foreign Exchange (Forex) market.
The CBN also intervened...
CBN Reaffirms That Nigeria’s Foreign Reserve’s Still Strong
The Godwin Emefiele-led Central Bank of Nigeria (CBN) has explained the recent reduction in the level of the country’s foreign reserves but has said...
How Serial Fraud Was Uncovered In Four Banks By CBN
The Central Bank of Nigeria (CBN) has sanctioned four commercial banks for various forgeries in foreign exchange transactions between 2007 and 2015. For these...
Forex Market Boosted By CBN With $210m
About 210 million dollars has been injected by the Central Bank of Nigeria into the inter-bank foreign exchange market to ensure adequate supply of...
$210m Injected Into Forex Market By CBN
A sum of  $210 million was, Tuesday, injected by the Central Bank of Nigeria (CBN) into the inter-bank Foreign Exchange (forex) Market.
The move was...
Hope Rises For Nigerian Economy As CBN Commences Chinese Yuan Forex...
Nigerians’ collective hope that their country’s economy’ll pick up has been rekindled with the Central Bank of Nigeria’s flagging off of its intervention in...
Our Head Office Building Not Engulfed By Fire – CBN
The management of Nigeria’s Apex Bank, the Central Bank of Nigeria has announced that its Head Office was not engulfed by fire as being...
