economy

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
10
2025
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By Abdulrahman
From Vision To Results: How Peter Mbah Is Transforming Enugu State Through Innovation, Technology And Discipline.

From Vision To Results: How Peter Mbah Is Transforming Enugu State Through Innovation, Technology And Discipline.

Breaking, Featured, Nigeria, Politics, Sponsored, ,
In less than three years in office, Governor Peter Ndubuisi Mbah has emerged as one of Nigeria’s most visionary and results-oriented State leaders. Through a blend of innovation, technology, fiscal discipline, and bold reforms, Mbah is steadily transforming Enugu State from a once “civil service economy” into a thriving hub of productivity, smart economy driven by technology, and inclusive growth. His leadership style which is rooted in measurable goals, performance-driven governance, and technological disruption of the status quo has redefined what it means to govern in the 21st century. A Governor with a Vision and a Plan From the onset,…
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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
26
2025
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By Abdulrahman
CBN Commits to Strengthening Reforms as Nigeria Exits FATF Grey List

CBN Commits to Strengthening Reforms as Nigeria Exits FATF Grey List

Breaking, Economy, Nigeria,
The Central Bank of Nigeria (CBN) has pledged to reinforce recent reforms in the financial system, emphasizing that compliance, innovation, and trust must advance together to enhance financial stability and bolster Nigeria’s global credibility. This commitment follows the Financial Action Task Force’s (FATF) formal announcement that Nigeria has been removed from its list of jurisdictions under increased monitoring, commonly known as the “grey list.” In a statement on Saturday, the CBN noted that this decision comes after a successful on-site evaluation of Nigeria’s frameworks for anti-money laundering and counter-terrorist financing, marking a significant milestone in the country's financial reform journey.…
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