Tag Archives: Mr Isaac Okorafor

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, …

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 …

Central Bank of Nigeria (CBN) has debunked that loan seekers and owners of small scale businesses that applied for its N50 billion special intervention fund meant to cushion the impact on the COVID-19 pandemic are expected to pay a certain amount of money.   According the debunked reports the designated …

The Central Bank of Nigeria (CBN) has alerted commercial bank customers on increased cyber-fraudsters that are taking advantage of the current COVID-19 pandemic to defraud citizens of their hard earn money. The Director, Corporate Communications, CBN, Mr. Isaac Okorafor in a statement on Monday said, cyber- fraudsters are also stealing …

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 …

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 …

The Central Bank of Nigeria (CBN) has pumped over $42.3 billion  into the foreign exchange market in the past year to ensure liquidity in that segment of the economy. A breakdown of the numbers shows that about 7.89 billion dollars went into the market in the second quarter of 2018, while …