Monday , June 16 2025

Tag Archives: Mr Isaac Okorafor

CBN Gives Assurance on Forex as International Flights Resume

international flights

Central Bank of Nigeria (CBN) has said it would restart the auctioning of foreign exchange to bureau de change (BDC) operators once international flights resume. In a conversation with THISDAY, CBN Director, Corporate Communications, Mr. Isaac Okorafor said this was because BDCs’ customers are mainly international travellers. Minister of Aviation, …

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Over 80,000 Apply for CBN’s N50bn COVID-19 Intervention Fund

Three weeks after the Central Bank of Nigeria released the guidelines for the N50bn targeted credit facility, over 80,000 applications have so far been received from businesses and individuals for the intervention fund. The Managing Director, NIRSAL Microfinance Bank, Mr Abubakar Kure, confirmed this during a media briefing in Abuja …

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Naira crashes, CBN kicks against devaluation

The Central Bank of Nigeria (CBN) says market fundamentals do not support Naira devaluation this time around. The CBN made this known in a statement by the bank’s Director, Corporate Communications, Mr Isaac Okorafor in Abuja on Friday. However, reports has it that naira was exchanged between N405 and N420 …

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CBN injects fresh $210m into Interbank Forex Market

The Nigerian inter-bank foreign exchange market received another boost of $210 million from the Central Bank of Nigeria (CBN) following transactions concluded the previous day. The CBN Director in charge of Corporate Communications, Mr. Isaac Okorafor, disclosed this, adding that authorised dealers in the wholesale sector of the market received …

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