CBN/Commercial Banking

Oct
09
2025
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By Abia ThinkTank
Nigeria Has Pulled Back From Economic Collapse – Emir Sanusi Hails CBN Reforms

Nigeria Has Pulled Back From Economic Collapse – Emir Sanusi Hails CBN Reforms

CBN/Commercial Banking, Columns/Opinions/Letters, Economy
Nigeria Has Pulled Back From Economic Collapse – Emir Sanusi Hails CBN Reforms Former Central Bank of Nigeria (CBN) Governor, Sanusi Muhammadu Sanusi, has praised the current leadership of the apex bank for what he described as a “remarkable turnaround” in Nigeria’s monetary and economic stability. Speaking on recent economic developments, Sanusi said he had “nothing but positive words” for the CBN’s policies, noting that the institution had successfully stabilized the exchange rate and curbed the reckless monetary expansion that once threatened the economy. “We came from a period of very high instability due to loose monetary policy and uncontrolled…
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Sep
17
2025
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By Abia ThinkTank
N22.7trn Printed Under Buhari’s Govt ‘Collapsed’ Nigeria’s Economy – Ex-Speaker Dogara

N22.7trn Printed Under Buhari’s Govt ‘Collapsed’ Nigeria’s Economy – Ex-Speaker Dogara

Economy, CBN/Commercial Banking, FGN, Interviews
N22.7trn Printed Under Buhari’s Govt ‘Collapsed’ Nigeria’s Economy – Ex-Speaker Dogara Former Speaker of the House of Representatives, Yakubu Dogara, has attributed the decline in the value of the naira to the economic policies of the previous administration, which printed and injected N22.7 trillion into the economy. Dogara also described the foreign loan and crude oil-tied measures that sustained it as nothing short of voodoo economics. Noting that the policy under late President Muhammadu Buhari undermined the currency’s value, Dogara argued that the massive liquidity injection, coupled with dual exchange rates and unproductive forex allocations, left the nation’s economy teetering…
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Aug
30
2025
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By Abia ThinkTank
Access Holdings Appoints New Managing Director/CEO

Access Holdings Appoints New Managing Director/CEO

CBN/Commercial Banking, News Flash
Access Holdings Appoints New CEO Access Holdings Plc has confirmed the appointment of Innocent Ike as its new Group Managing Director and Chief Executive Officer, effective August 29, 2025, following the approval of financial regulators. The decision brings an end to the 18-month acting tenure of Bolaji Agbede, who assumed leadership of the financial services giant after the sudden death of former CEO Herbert Wigwe in February 2024. Agbede led the group through the transition marked by regulatory pressures and investor concerns. However, the Central Bank of Nigeria’s stipulation on minimum experience for financial holding company CEOs prevented her confirmation.…
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Aug
15
2025
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By Abia ThinkTank
How USD 263.80 Million Will Boost Governor Otti’s Road Revolution Agenda And Create More Jobs For Abians – By Ebere Uzoukwa, Ph.D(SSA To Governor Otti On Public Affairs)

How USD 263.80 Million Will Boost Governor Otti’s Road Revolution Agenda And Create More Jobs For Abians – By Ebere Uzoukwa, Ph.D(SSA To Governor Otti On Public Affairs)

Columns/Opinions/Letters, CBN/Commercial Banking, Economy, Good Governance
How USD 263.80 Million Will Boost Governor Otti’s Road Revolution Agenda and Create More Jobs for Abians By Ebere Uzoukwa, PhD The recent approval by the Federal Executive Council of the USD 125 million Islamic Development Bank financing facility for the Abia State Integrated Infrastructure Development Project marks another decisive step in Governor Alex Chioma Otti’s bold and methodical drive to rebuild Abia’s infrastructure. This financing forms part of a larger USD 263.80 million co-financing package, which also includes USD 100 million from the African Development Bank, USD 15 million from the Canada–Africa Development Bank, and USD 23.80 million counterpart…
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Aug
14
2025
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By Abia ThinkTank
President Tinubu Approves $125 Million Islamic Development Bank Facility For ABIA State Integrated Infrastructure Development Project (ABSIID)

President Tinubu Approves $125 Million Islamic Development Bank Facility For ABIA State Integrated Infrastructure Development Project (ABSIID)

Abia State, CBN/Commercial Banking, Economy, FGN, News Flash
Press Release: PRESIDENT TINUBU APPROVES $125 MILLION ISLAMIC DEVELOPMENT BANK FACILITY FOR ABIA STATE INTEGRATED INFRASTRUCTURE DEVELOPMENT PROJECT (ABSIID) The Abia State Government is pleased to announce that the long-awaited USD 125 Million Islamic Development Bank (IsDB) financing facility for the Abia State Integrated Infrastructure Development Project has been approved by the Federal Executive Council (FEC) at its meeting of Wednesday, August 13, 2025. This approval marks a major milestone in a project that has undergone extensive consultations and procedural steps, and is a critical component of the overall co-financing arrangement for the State’s ambitious infrastructure development drive. The project’s…
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Aug
13
2025
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By Abia ThinkTank
Tinubu Administration Takes Credit As Stock Market Boom, Grows In Tripple

Tinubu Administration Takes Credit As Stock Market Boom, Grows In Tripple

CBN/Commercial Banking, Economy, FGN, News Flash, Presidency
Tinubu Administration Takes Credit As Stock Market Boom, Grows Triple The federal government says the Nigerian stock market is experiencing an unprecedented boom, with key indicators showing remarkable growth since President Bola Ahmed Tinubu assumed office on May 29, 2023. The Nigerian Exchange (NGX) has seen its All-Share Index (ASI) and market capitalisation more than triple, reflecting investor confidence and the impact of sweeping economic reforms. According to Bayo Onanuga, Special Adviser to the President on Information and Strategy, at the time of President Tinubu’s inauguration, the NGX All-Share Index stood at 52,973.88 points, with a market capitalisation of N28.845…
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Aug
04
2025
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By Abia ThinkTank
Fake N1000 Notes Circulating; How You Can Identify Them – NOA

Fake N1000 Notes Circulating; How You Can Identify Them – NOA

CBN/Commercial Banking, Economy, News Flash
Fake N1000 Notes Circulating, How You Can Identify Them – NOA The National Orientation Agency (NOA) in Kwara has cautioned the public on fake N1000 notes circulating in the state. The State Director of NOA, Alhaji Abdulganiyu Dare, disclosed this in a statement issued in Ilorin. Dare emphasised the need for vigilance among residents and business owners in the state. According to him, there is confirmed intelligence reports of syndicates flooding the area with counterfeit currency with batch numbers 364232 and 898248. Dare said the counterfeit notes can be identified by their blurred portraits, watermarks, and irregular security features. He…
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Jul
23
2025
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By Abia ThinkTank
Senate Approves Tinubu’s $21 Billion Loan Plan

Senate Approves Tinubu’s $21 Billion Loan Plan

CBN/Commercial Banking, Economy, FGN, National Assembly, News Flash
Senate Approves Tinubu’s $21 Billion Loan Plan The Senate has approved President Bola Tinubu’s request for a comprehensive external borrowing plan totaling over $21 billion for the 2025–2026 fiscal years. According to the Senate, the funds are earmarked to support key national development projects across sectors such as infrastructure, security, agriculture and human capital development. During plenary on Tuesday in Abuja, Chairman of the Senate Committee on Local and Foreign Debt, Senator Aliyu Wamako, presented the long-awaited report, which was first introduced on May 27, 2025. He explained that the delay in adoption was due to parliamentary recesses and challenges…
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Jun
16
2025
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By Abia ThinkTank
Court Grants Emefiele N2 Billion Bail Over Abuja’s Duplexes

Court Grants Emefiele N2 Billion Bail Over Abuja’s Duplexes

Crime, CBN/Commercial Banking, Economy, FGN, Judiciary
Court Grants Emefiele N2 Billion Bail Over Abuja’s Duplexes A Federal High Court in Abuja has granted former Central Bank Governor Godwin Emefiele bail set at ₦2 billion, with stringent surety conditions, in the ongoing prosecution over alleged financial crimes and illicit property acquisition. Justice Halilu Yusuf, presiding over the eight‑count charge, noted that Mr. Emefiele “had previously been granted bail in three other criminal cases that remain pending” and that “there is no evidence before this court that the defendant has ever jumped bail.” He therefore ruled that Emefiele could be released if he produced two sureties each owning property…
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Jun
03
2025
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By Abia ThinkTank
Osun State Drags FGN To Supreme Court Over Withheld LGA Allocations

Osun State Drags FGN To Supreme Court Over Withheld LGA Allocations

CBN/Commercial Banking, Economy, FGN, News Flash, Politics
Osun State Drags FG To Supreme Court Over Withheld LG Allocations The lingering political crisis surrounding withheld Local Government allocations in Osun State has taken a new dimension as the State Government dragged the Nigerian Federal Government and the Attorney General of the Federation, Lateef Fagbemi, SAN to the country’s Supreme Court. The case centers on the alleged non-release of allocation from the Federation Account due to the 30 Local Government Areas and one area office of Osun State for the past 3 months. Since January 2025 the Federal Government and Osun State government have been at logger heads over…
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