When Olayemi Cardoso took the helm of the Central Bank of Nigeria (CBN), he inherited an economy on life support. A volatile currency, galloping inflation, a massive foreign exchange (FX) backlog, and a deep-seated loss of public trust in the institution defined the landscape. One year on, the “Cardoso Doctrine”—a[Read More…]
Author: Godwin Anyebe
For years, the phrase “FX backlog” hung like a dark cloud over the Nigerian economy. A mountain of unfulfilled foreign exchange obligations, estimated at a staggering $7 billion, cast a long shadow, eroding investor confidence and fueling a volatile currency market. Businesses struggled to repatriate profits, and importers faced crippling[Read More…]
ROTARY CLUB OF LAGOS PARTNERS WITH HEALTH ORGANIZATIONS TO PROVIDE HEALTHCARE TO 100 PREGNANT WOMEN
In a significant step towards combating Nigeria’s high maternal and infant mortality rates, the Rotary Club of Lagos has partnered with HelpMum Africa and Medheights, a pharmaceutical company, to provide essential healthcare services to 100 pregnant women. The initiative, in line with Rotary International’s commitment to improving maternal and child[Read More…]
The Naira’s Resilience: A Closer Look at the CBN’s FX Stabilization Strategy
For years, the Nigerian foreign exchange market was a source of constant anxiety, characterized by a depreciating naira, a wide gap between official and parallel market rates, and a persistent scarcity of foreign currency. However, in recent months, a new narrative has begun to emerge. The Naira, once seen as[Read More…]
Survival of the Fittest: How Banks Are Navigating the CBN’s Capital Crunch
In the high-stakes world of Nigerian finance, a new drama is unfolding. The Central Bank of Nigeria (CBN), in a bold and decisive move, has sounded the bugle for a banking sector recapitalization, a policy that is shaking the foundations of financial institutions across the country. With a deadline of[Read More…]
Gowon Estate Resident Brutally Assaulted by Naval Officers, Left in a Coma
The family of Onyebuchi Nwamordi is calling for justice after he was brutally beaten by naval officers in Gowon Estate, Lagos, on Wednesday, July 30th. The unprovoked assault, which occurred in broad daylight, has left Mr. Nwamodi in a coma and has sparked outrage over the persistent issue of military[Read More…]
Nigerian Marketing Awards: Entries Open August 2025
The Nigerian Marketing Awards (NMA) 2025, the nation’s most prestigious celebration of marketing excellence, has officially announced that its call for entries will open on Thursday, August 15, 2025. This year’s awards are guided by the powerful and timely theme, “Driving Impact, Inspiring Change,” a mission that underscores the crucial[Read More…]
Motorcycle Operators Union Debunks Claims of 2,500 Bikes from Charly Boy
The Motorcycle Operators Union today vehemently denied reports circulating that entertainer Charly Boy distributed 2,500 motorcycles to its members in Lagos. In a statement issued on Wednesday and signed by the National Secretary, Comrade Ade Ikuesan, the union labeled such reports as “figments of imagination.” “Our Union is not aware[Read More…]
Infrastructure & Energy: Pillars of Progress
The twin pillars of infrastructure and energy are not merely components of a nation’s economy; they are the foundational elements upon which modern societies are built and sustained. Their symbiotic relationship dictates the pace of economic development, the quality of life for citizens, and a country’s resilience in the face[Read More…]
The Future of Work in Nigeria: Are We Ready for the Digital Transformation?
Nigeria stands on the cusp of a profound transformation, one driven by the relentless march of technology and digital innovation. While the promise of increased efficiency, enhanced customer experiences, and data-driven decision-making is undeniable, a critical question looms large: Is Nigeria’s workforce truly ready for the seismic shifts that digital[Read More…]
Consumer TV
FG Revenue Rises 76% to N12.5tn, Fueled by Tax and Oil Gains — Budget Office
The Federal Government’s earnings have increased by 76 percent, rising from N7.1 trillion in 2022 to N12.5 trillion in 2023, due to higher taxes and oil revenues. This information was revealed in the recently released 2025-2027 Medium Term Expenditure Framework and Fiscal Strategy Paper from the Ministry of Budget and[Read More…]