Naira Rebounds To N1,400/$ As Speculators Offload Forex
The naira rebounded against the United States dollar on Wednesday at the official and parallel markets, with the local currency recording a significant gain against the greenback at the black…
Excess Cash In Circulation May Worsen Inflation – MPC Members
Members of the Monetary Policy Committee of the Central Bank of Nigeria have blamed the excess cash in circulation for the accelerating inflation in the country. This was revealed in…
Cleansing: After Sacking Seven, 12 More CBN Directors To Go
Twelve more Central Bank of Nigeria (CBN) directors may have been scheduled for dismissal, it was learnt on Monday. Reports on the planned sack of the senior personnel followed the…
ALARMING: Only Seven Banks Can Meet CBN Recapitalisation Requirements
No fewer than 17 out of the existing 24 Deposit Money Banks may be unable to meet the Central Bank of Nigeria’s capital requirement if it is increased from its…
Only Foreign Borrowing Can Save Naira, Clear CBN Debts – EIU
International business research firm, Economist Intelligence Unit, has said that the Central Bank of Nigeria does not have the liquidity to support the naira as of now. It stated this…
EXPOSED: Emefiele’s PA Who Is Behind Forgery Of Buhari’s Signature To Withdraw $6.2m From CBN Unmasked (Photo)
You must have heard the bizarre news that the signature of former President Muhammadu Buhari was allegedly forged to effect the disbursement of $6,230,000 by the Central Bank of Nigeria…
JUST IN: CBN Reports Upsurge In Dollar Inflow As Remittances Quadruple, Foreign Investors’ Return
The Central Bank of Nigeria (CBN) reported a significant increase in foreign exchange inflow into the economy in February 2024, with marked increments in remittance payments by Nigerians overseas and…
Economy: Investors Oversubscribe CBN N1 Trillion OMO Bills
The Central Bank of Nigeria (CBN), on Friday, March 1, 2024, successfully concluded a sale of government securities, issuing N1.053 Trillion (US$680 million) in short-term instruments as part of its…
Senate Summons CBN Officials Over N30tn Loans
The Senate has said it will quiz some officials of the Central Bank of Nigeria on how the N30tn Ways and Means loan was obtained and spent by the Federal…
Emefiele Moves Out Of CBN Gov’s Quarters In Lagos
Embattled former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, is moving out of the apex bank Governors’ quarters in Lagos. DECENCY GLOBAL NEWS can reliably report that…