BY BLAISE UDUNZE the Central Bank of Nigeria (CBN) announced a policy that significantly departs from the cash-restriction measures Nigerians have faced lately. The apex bank abolished restrictions on cash deposits. Increased the weekly cash withdrawal limits to N500,000 for individuals and N5 million for corporates while substituting the …
Read More »Nigeria’s “Era of Renewed Stability” and the Truths the CBN Chooses to Overlook
BY BLAISE UDUNZE At the Annual Bankers’ Dinner, when the Governor of the Central Bank of Nigeria, Yemi Cardoso, recently stated that Nigeria had “turned a decisive corner,” his remark aimed to convey assurance that inflation was decelerating with headline inflation eased to 16.05percent and food inflation retreating to 13.12 …
Read More »Ataoja’s Open Declaration Of Support For Aregbesola And ADC Rattles Opposition Camps In Osun
As the battle for the soul of Osun State gathers momentum, the Ataoja’s open declaration of support for Ogbeni Rauf Aregbesola and the African Democratic Congress, ADC, has thrown other political parties in the state into massive confusion. During the recent constituency tours across Osun State, His Royal Majesty, Oba …
Read More »CBN’s 303rd MPC Meeting: A Technocratic Victory, an Economic Setback, and a Missed Opportunity on Nigeria’s Real Crisis
BY BLAISE UDUNZE The Central Bank of Nigeria (CBN) 303rd Monetary Policy Committee (MPC) meeting arrived at a time of unprecedented tension within the Nigerian economy. The country has not faced a more difficult convergence of challenges for more than a decade in the area of crushing food inflation, unrelenting …
Read More »Beyond Cement making: Dangote Cement Ibese Celebrates Senior Citizens, Champions Inclusion in Host Communities
…As Ogun Commends Cement Giant for Empowering Persons with Disabilities Foremost Cement manufacturer, Dangote Cement Plc has reaffirmed its commitment to deepening community welfare through sustained social investment programmes in its host communities across Nigeria and pan-Africa. Head of Dangote Cement Plc, Ibese Plant, Mr. Ayyagari Subbaraidu made the declaration …
Read More »2026 Osun Guber: Ataoja of Osogbo declares open support for Aregbesola, ADC
– says “wherever he goes, we shall follow.” By Gbenga Shaba The Ataoja of Osogbo, His Royal Majesty Oba Jimoh Oyetunji Olanipekun, Laroye II, has endorsed and declared open support for Ogbeni Rauf Aregbesola and the African Democratic Congress (ADC) in Osun as the state prepares for the 2026 …
Read More »Insecurity and Soaring Food Prices: Why CBN’s MPC Must Target the Real Enemy Despite Favourable Macroeconomic Tailwinds
BY BLAISE UDUNZE Obviously, one would say that the macroeconomic indicators are finally pointing in the right direction, yet, daily realities for households and businesses tell a very different story because Nigeria stands at a delicate intersection. No doubt on paper, inflation is easing, the naira is stabilising, and sovereign ratings have …
Read More »Subair named board chair of the year, as LIRS emerges top revenue agency
The Lagos State Internal Revenue Service (LIRS) has once again demonstrated excellence and sector leadership as it received major recognitions at the 2025 Peak Performer Awards, held at the Lagos Oriental Hotel on Tuesday, 18 November 2025, Solidifying its position as a leading institution in public sector excellence and innovation, …
Read More »Catholic Bishop warns FG against treating bandits with kid gloves
…says Nigeria is descending into chaos …Bemoans abduction of Kebbi girls The Catholic Archbishop of Lagos, Most Rev. Dr. Alfred Adewale Martins has called for more urgent official measures to curb the alarming rate of insecurity across the country. He said the festering terrorists’ attacks in parts of the country …
Read More »CBN’s N75 Trillion Credit Milestone to Private Sector Falls Flat as Productivity Crisis Deepens
BY BLAISE UDUNZE Nigeria’s financial system is flashing red, and not because of a scarcity of money. Ironically, the Central Bank of Nigeria (CBN) and the nation’s banking proudly tout a historic rise in private-sector credit, announcing figures hovering around N75 trillion throughout 2024-2025. On paper, this looks like a …
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