Economy

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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Nov
06
2025
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By Abdulrahman
China Commending Nigeria While Fueling Its Problems: A Dangerous Hypocrisy

China Commending Nigeria While Fueling Its Problems: A Dangerous Hypocrisy

Africa, Breaking, Economy, Nigeria, World News
It is unfortunate and deeply ironic that China, a nation whose activities have significantly contributed to Nigeria’s current challenges, would turn around and commend the country for its efforts in governance and development. Such praise, while seemingly diplomatic, conceals a darker reality—one that Nigerians must confront with courage and honesty. In many regions of Nigeria, particularly those rich in minerals, Chinese interests have entrenched themselves under the guise of “foreign investment.” However, what we are witnessing is far from genuine investment; it is exploitation. China’s involvement in illegal mining activities across states such as Zamfara, Niger, Nasarawa, and others has…
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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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Oct
26
2025
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By Abdulrahman
CBN lists benefits of Nigeria exiting FATF Grey List

CBN lists benefits of Nigeria exiting FATF Grey List

Breaking, Economy, Nigeria, , ,
The Nigeria Governors’ Forum (NGF) has expressed delight over the removal of Nigeria from the grey list of the Financial Action Task Force (FATF). NGF’s spokesman, Yunusa Abdullahi, in a statement on Saturday, quoted the forum’s Chairman and Kwara State Governor, AbdulRahman AbdulRazaq as attributing the feat to the efforts of President Bola Tinubu, the 36 state governors and relevant institutions. He quoted the NGF Chairman as saying: “We are very pleased with this outcome and proud to see Nigeria formally welcomed back into the global transparency community. “Nigeria has handled this difficult situation with enormous grace and integrity and…
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