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Isaac Okorafor

CBN and the $2.6bn or $26bn diaspora remittances

In the World Bank’s 2018 report, titled, “Nigerians Living abroad sent $22bn home in 2017”, the Bank noted that the top recipients of the Diaspora remittances in the world were India with $69bn, Chile ($64bn), Philippines $33bn, Mexico $31bn, Nigeria $22bn and Egypt $20bn

Central bank injects $325.5 million into retail market

The Central Bank of Nigeria (CBN) has injected $325.5million in the Retail Secondary Market Intervention Sales (SMIS) and CNY14million in the spot and short-tenured forwards segment of the inter-bank foreign market.

Creative industry fund: Central bank, Lagos assess National Theatre

The Central Bank of Nigeria and Lagos State Government team on Saturday assessed the National Arts Theatre, Lagos ahead of new investment plan that includes building a Creative Industry Park at the Theatre.
china yuan dollar

Central bank injects $311.5 million, CNY15 million into retail forex market

The Central Bank of Nigeria (CBN) on made an intervention of 311.5million dollar in the retail Secondary Market Intervention Sales (SMIS) and 15 million Chinese Yuan in the spot and short-tenored forwards segment of the inter-bank foreign market.

Central bank empowers over a million farmers through anchor borrowers programme

The Central Bank of Nigeria (CBN) says 1,140,854 farmers have participated in the production of 17 different agricultural products under its Anchor Borrowers Programme (ABP)g

Central bank clarifies cashless policy transaction charges

The Central Bank of Nigeria says the transaction charges on deposit and withdrawal in furtherance of implementation of its cashless policy is on the amount in excess of the set limits. The Central Bank of Nigeria says the transaction charges on deposit and withdrawal in furtherance of implementation of its cashless policy is on the amount in excess of the set limits.

CBN: MPC meeting to hold earlier than scheduled

The Central Bank of Nigeria (CBN) has rescheduled the Monetary Policy Committee (MPC) meeting for the month of September.

CBN reschedules MPC meeting to Thursday

The Central Bank of Nigeria has rescheduled it’s Monetary Policy Committee meeting to Thursday and Friday this week.

Central bank Injects $210 million into forex market

The Central Bank of Nigeria (CBN) has injected 210 million U.S. dollars into interbank segment of the Foreign Exchange Market following sales concluded on Tuesday.

Forex: Central bank intervenes with $321.11 million, CNY33.3 million

The Central Bank of Nigeria (CBN) on Friday said it made another intervention in the Retail Secondary Market Intervention Sales (SMIS) with the injection of about $321 million.

Central bank alerts on fraudulent loan schemes

The Central Bank of Nigeria (CBN) on Monday warned loan seekers and owners of small-scale businesses to beware of fraudulent loan offers purportedly by the Federal Government.

Central bank to disburse lower currencies to micro-finance banks

The Central Bank of Nigeria (CBN) says it has released guidelines for the disbursement of lower denominations of the Naira through microfinance banks (MFBs) across the country.

Central bank injects $210 million into forex market

The Central Bank of Nigeria (CBN) has injected the sum of 210 million dollars into Nigerian Inter-Bank Foreign Exchange market following conclusion of Tuesday’s transactions.

Central bank injects $210 million into forex market

The Central Bank of Nigeria (CBN) has injected the sum of 210 million dollars into the inter-bank Foreign Exchange Market after the transactions on Tuesday, July 30.

Central bank injects $284.2 million, ¥36 million into retail secondary market

The Central Bank of Nigeria (CBN) has injected 284.2 million dollars in the retail Secondary Market Intervention Sales (SMIS).

Forex: Central bank injects $298.71 million into retail market

The Central Bank of Nigeria (CBN) says it has made another intervention of 298.71million dollars in the retail Secondary Market Intervention Sales (SMIS).

CBN: Abusing Naira notes is a criminal offence

The Central Bank of Nigeria (CBN), has appealed to Nigerians to stop defacing the naira, describing it as a national identity and symbol, which must be kept neat.

Central bank injects $956 million, ¥63 million into forex market

The Central Bank of Nigeria (CBN) last month expended over $956 million to defend the nation’s currency, the Naira, at the various segments of the foreign exchange (forex) markets.

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Gov. Oluwarotimi Akeredolu of Ondo State has directed public primary and secondary schools submerged by flood in the state to proceed on three weeks’ holiday from Monday.

Ondo denies unconditional release of monarch from prison

Ondo State Government has denied a report that the embattled monarch of Ayetoro town in Ilaje Local Government of the state, Olorunmbe Ojagbohunmi, had been released from the prison unconditionally.
Ibrahim Magu . EFCC

EFCC chief laments widening corrupt practices in Nigeria

The Acting Chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu, Tuesday lamented the widening scourge of corrupt practices pervading the country.
The Kayode Fayemi administration in Ekiti State says it has defrayed inherited debts to the tune of 31 billion naira since assumption of office.

Ekiti pensioners hail governor for improved welfare in one year

Pensioners in Ekiti State have described the first year of Governor Kayode Fayemi in office as a “huge blessing to them” in terms of better welfare package.

Nigeria Police poorest paid in Africa – ex-PSC chief

Former Chairman of Police Service Commission, Chief Simon Okeke, has described the nation’s police officers as the poorest paid in Africa amidst risks taken in the line of duties.
The Economic and Financial Crimes Commission (EFCC) on Thursday in an FCT High Court in Maitama, re-arraigned a deputy director with the National Emergency Management Agency (NEMA), Emenike Umesi, for alleged misappropriation of N54.3 million.

EFCC confirms arrest of Instagram celebrity

The Economic and Financial Crimes Commission (EFCC) has confirmed the arrest of a popular Instagram celebrity, Ismaila Mustapha popularly known as ‘Mompha.’