Economy

China Commending Nigeria While Fueling Its Problems: A Dangerous Hypocrisy

China Commending Nigeria While Fueling Its Problems: A Dangerous Hypocrisy

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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CBN Commits to Strengthening Reforms as Nigeria Exits FATF Grey List

CBN Commits to Strengthening Reforms as Nigeria Exits FATF Grey List

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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CBN lists benefits of Nigeria exiting FATF Grey List

CBN lists benefits of Nigeria exiting FATF Grey List

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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Chief Kalu Says Governor Otti Is A listening Leader; Lauds Him For Including Bende in Electricity Roadmap

Chief Kalu Says Governor Otti Is A listening Leader; Lauds Him For Including Bende in Electricity Roadmap

Chief Dr. Emeka Kalu, Chairman of E.C.K Foundation, has expressed his gratitude to the Executive Governor of Abia State, Dr. Alex Chioma Otti, OFR, for promptly including Bende Local Government Area in his administration's electricity roadmap. This development comes after Chief Kalu made a passionate appeal through an open letter, emphasizing the urgent need for improved electricity supply in Bende, a longstanding challenge for its residents. Chief Kalu praised Governor Otti as a "listening Governor" who prioritizes the welfare of the people. "Governor Alex Otti is a listening Governor who remains focused on delivering the dividends of democracy and good…
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Gov. Otti Invites Lagos Traders Back To Abia State, Promises Security & Business Growth

Gov. Otti Invites Lagos Traders Back To Abia State, Promises Security & Business Growth

Governor Alex Chioma Otti OFR has assured leaders and traders of Alaba International Markets, Oyinbo, Ladipo, and United Market Leaders and Traders Association of Nigeria of adequate security measures, a business-friendly atmosphere, and a conducive environment to invest and do business in Abia State. Through his Special Adviser on Trade, Commerce, and Industry, Chief Nwaka Inem, Governor Otti expressed his administration's readiness to create physical infrastructural development and facilities that will serve as a one-stop business hub for investors and traders. https://youtu.be/CqbjrbWDyEQ?si=yEE1qoPXkIG0kYR0 Chief Inem emphasized the state government's commitment to providing a conducive environment for businesses, highlighting initiatives such as…
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