Business

Dec
01
2025
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By Abdulrahman
CBN Gov., Cardoso: We inherited a very bad economy

CBN Gov., Cardoso: We inherited a very bad economy

Breaking, Economy, Nigeria, ,
Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, says the current administration met an economy that had not only reached a macroeconomic precipice but had already “gone over the cliff,” describing the depth of challenges inherited as unprecedented. Speaking at the 60th annual dinner of the Chartered Institute of Bankers of Nigeria (CIBN), Cardoso reaffirmed the bank’s determination to drive inflation firmly into single digits, insisting that the current double-digit level “cannot be acceptable” as Nigeria consolidates economic reforms. He highlighted the progress made over the past year, noting that inflation has more than halved—from its peak of…
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Dec
01
2025
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By Abdulrahman
Nigeria Sees Record Foreign Capital Inflows, Surges to $20.98 Billion

Nigeria Sees Record Foreign Capital Inflows, Surges to $20.98 Billion

Breaking, Economy, Nigeria, , ,
Nigeria's foreign capital inflows have hit a record high, reaching $20.98 billion in the first ten months of 2025, according to Central Bank Governor Olayemi Cardoso. This represents a significant 70% increase compared to the total for 2024 and a staggering 428% jump from the $3.9 billion recorded in 2023. Cardoso attributed this remarkable growth to strengthened macroeconomic management, foreign exchange market reforms, and improved transparency across the financial system. He made this disclosure at the 60th Annual Bankers' Dinner in Lagos, highlighting the renewed appetite for Nigerian assets. The CBN governor also reported significant improvements in the country's external…
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Nov
08
2025
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By Abdulrahman
CBN Sees Bank Recapitalisation as Key to Unlocking Nigeria’s $1 Trillion Economy

CBN Sees Bank Recapitalisation as Key to Unlocking Nigeria’s $1 Trillion Economy

Breaking, Economy, Featured, Nigeria, Sponsored, ,
The Central Bank of Nigeria (CBN) has emphasized that the ongoing bank recapitalisation exercise is a strategic move to strengthen the country's financial system and position it to achieve its $1 trillion economic ambition by 2030. Speaking at a retreat in Abeokuta, Ogun State, CBN Deputy Governor Philip Ikeazor stated that the recapitalisation policy is designed to equip Nigerian banks to withstand shocks, expand credit to the real sector, and drive inclusive growth. Ikeazor noted that the exercise is a statement of resilience and ambition, aimed at building institutions that can finance infrastructure projects, support innovation, and promote sustainable growth.…
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Oct
22
2025
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By Abdulrahman
No Casualties, No Chaos: Rhino Homes Blasts Sahara Reporters for Irresponsible Reporting on Ekeoha Centre

No Casualties, No Chaos: Rhino Homes Blasts Sahara Reporters for Irresponsible Reporting on Ekeoha Centre

Breaking, Nigeria, Opinion, Politics,
Rhino Homes and Properties Limited, the official developer and concessionaire of the Ekeoha Shopping Centre, Aba, has strongly refuted a misleading and sensational publication by Sahara Reporters alleging that “many were feared dead” following a minor props failure at Block D of the ongoing construction site. In a statement issued by the company, Rhino Homes described the report as false, reckless, and grossly unprofessional, noting that no single casualty was recorded during the incident. According to the company, the minor technical issue occurred in one of the sections being handled by a sub-contractor, Van Daniels Construction Company, and was promptly…
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Mar
02
2025
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By Abdulrahman
Contempt of Court – Merridian Park Estate’s Unlawful Practices and Breach of Contract

Contempt of Court – Merridian Park Estate’s Unlawful Practices and Breach of Contract

Breaking, Featured, Nigeria
By Jude Odinaka, Merridian Park Estate, a subsidiary of Lekki Gardens, has been embroiled in a web of controversy, with multiple allegations of breach of contract, deceitful practices, and poor customer service. This investigation report highlights the case of Hon. Ode and his wife, who fell victim to Merridian Park Estate's unlawful practices, and sheds light on the company's culture of impunity and disregard for clients' rights. Background: The Rise of Merridian Park Estate and Lekki Gardens Merridian Park Estate has been a prominent player in Nigeria's real estate industry for over a decade, offering luxurious homes with top-notch amenities.…
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