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Isaac Okoroafor

World Bank cuts Nigeria’s growth projection to 1.9 percent

The World Bank has once more reduced its growth projection on Nigeria in 2018 to 1.9 per cent, down from the 2.1 per cent it had estimated for the country in April.

Central bank injects $210m in foreign exchange market

The Central Bank of Nigeria has injected 210 million dollars into the inter-bank Foreign Exchange Market to meet customers’ requests in various segments of the market.
China's Yuan

CBN Yuan auction estimated at N3.6 billion

The Central Bank of Nigeria (CBN) has estimated its first auction of the Chinese Yuan Renminbi (CNY) at N3.6 billion, an exchange rate between N49 and N51 per Yuan.

Central bank injects $210 million into foreign exchange market

The Central Bank of Nigeria (CBN), on Tuesday injected 210 million dollars into the inter-bank Foreign Exchange market to meet customers’ requests in various segments of the market.

Official: Central bank resisted pressure to float the Naira

Acting Director, Corporate Communications of the Central Bank of Nigeria (CBN), Mr. Isaac Okoroafor, says the apex bank resisted suggestions to float the Naira when the country was battling with economic recession.

Central bank orders commercial banks to sell forex to customers, non-customers

As the Central Bank of Nigeria (CBN) at the weekendordered all Deposit Money Banks (DMBs) to sell forex to travellers over the counter, the Association of Bureaux De Change Operators of Nigeria (ABCON) has kicked against the order calling on the regulator to review BDC’s dollar purchase rate to align with rate commercial banks’ buying rate.

Central bank directs commercial banks, bureaux de change to sell forex to eligible travellers...

The Central Bank of Nigeria (CBN) on Sunday directed all commercial banks and Bureau de Changes (BDCs) to sell foreign exchange (Forex) to all eligible travelers over the counter, regardless of their customer status.

Central bank explains cause of smoke at head office

The Central Bank of Nigeria has denied reports that a section of its head office in Abuja was razed by fire on Tuesday evening.

IMF acknowledges central bank’s monetary policy success

The Central Bank of Nigeria (CBN) is relishing the success of its monetary policy, especially regarding the foreign exchange, as the efforts have been finally acknowledged by the international financial community.

CBN Governor Godwin Emefiele deploys new deputy governors

Governor of the Central Bank of Nigeria (CBN) Godwin Emefiele has assigned duties to the newly appointed Deputy Governors who assumed duty on March 28.

New CBN deputy governors, monetary policy committee members assume office

Mrs Aisha Ahmad, and Mr Edward Adamu have formally assumed office as Deputy Governors of the Central Bank of Nigeria (CBN), following the confirmation of their appointments on March 22 by the Senate.

Forex market: Central bank intervenes with $210 million

The Central Bank of Nigeria (CBN), on Tuesday intervened in the inter-bank sector of the Foreign Exchange market to the tune of $210 million.

Central bank sustains intervention in foreign exchange market with $339.89m

The Central Bank of Nigeria (CBN) on Friday sustained its intervention in the Foreign Exchange market by injecting 339.89 million dollars in the Retail Secondary Market Intervention Sales (SMIS) segment.

Central bank sustains foreign exchange market liquidity with $210 million

The Central Bank of Nigeria (CBN), on Monday injected 210 million dollars into the inter-bank Foreign Exchange Market, in its bid to sustain liquidity in the foreign exchange market.

Central bank injects another $210m into foreign exchange market

The Central Bank of Nigeria (CBN) in its quest to guarantee the availability of foreign exchange for customers’ needs has injected another 210 million dollars into the foreign exchange market.

Central bank boosts foreign exchange with $210 million

The Central Bank of Nigeria (CBN) on Tuesday, gave a boost of 210 million dollars to the interbank foreign exchange market.

Central bank warns Nigerians on investment in crypto currencies

The Central Bank of Nigeria (CBN) has again cautioned Nigerians to be wary of investments in crypto currency as they are virtual currencies that are not legal tender in Nigeria.

Nigeria’s foreign reserves hit $42.8bn – CBN

Nigeria’s foreign reserves have hit $42.8 billion, according to spokesman of Central Bank of Nigeria, CBN, Mr. Isaac Okoroafor.

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