Tag: Isaac Okorafor

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CBN Injects $337.16m Into Retail SMIS, CNY 56.17m For LCs

CBN Injects $337.16m Into Retail SMIS, CNY 56.17m For LCs

In its first intervention in the inter-bank foreign market for the month, the Central Bank of Nigeria (CBN) on Friday, November 2, 2018, injected a to...
Forex: CBN Intervenes With Another $210m In Inter-Bank Market

Forex: CBN Intervenes With Another $210m In Inter-Bank Market

The Central Bank of Nigeria (CBN) on Tuesday, October 30, 2018, said it again intervened in the inter-bank foreign exchange market to enable authorize...
Forex: Wholesale Segment, Others Get $210m Boost

Forex: Wholesale Segment, Others Get $210m Boost

Authorized dealers in the wholesale segment of the inter-bank foreign exchange market received the sum of $100m from the Central Bank of Nigeria (CBN)...
Nigeria’s Foreign Reserves Closes At $43.973bn

Nigeria’s Foreign Reserves Closes At $43.973bn

Latest data on the website of the Central Bank of Nigeria (CBN) on Thursday, shows that the nation’s foreign reserves dropped into the $43bn region on...
Forex: CBN Boosts Market with $210m

Forex: CBN Boosts Market with $210m

The Central Bank of Nigeria (CBN) has again injected the sum of $210m into the inter-bank Foreign Exchange Market. Figures obtained from the CBN on W...
CBN Injects $317.52m, CNY 58.40m Into Retail SMIS

CBN Injects $317.52m, CNY 58.40m Into Retail SMIS

The Central Bank of Nigeria (CBN), on Friday announced another intervention in the retail Secondary Market Intervention Sales (SMIS) by injecting a to...
MTN: ‘CBN Not Against Investors Who Repatriate Capital Properly’

MTN: ‘CBN Not Against Investors Who Repatriate Capital Properly’

The Central Bank of Nigeria (CBN) said it is still engaged in discussions with officials of telecommunications giant-MTN Nigeria and the four banks re...
CBN Writes MTN To Refund $8.13bn Repatriated Via Forged Papers

CBN Writes MTN To Refund $8.13bn Repatriated Via Forged Papers

• Fines StanChart, Stanbic IBTC, Citi, Diamond Banks N5.87bn Even before paying the fines for its last infraction (sale of pre-registered sim cards...
CBN Injects $543m, CNY63m Into Forex market In Two Days

CBN Injects $543m, CNY63m Into Forex market In Two Days

In two consecutive days- Thursday, August 23 and Friday, August 24, 2018, the Central Bank of Nigeria (CBN) injected a total sum of $543.22m and CNY63...
Nigeria’s Currency-in-Circulation Drops By N332.4bn YTD In July

Nigeria’s Currency-in-Circulation Drops By N332.4bn YTD In July

Latest data on the Central Bank of Nigeria (CBN) website shows that the quantum of money circulating within the nation’s economy reduced by N332.403bn...
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