Economy

When Statistics Misread Democracy: Southeast 2023 Result Not Manipulated

When Statistics Misread Democracy: Southeast 2023 Result Not Manipulated

A recent Master’s thesis now circulating widely argues that Nigeria’s 2023 presidential election can be forensically decoded using statistical and machine-learning techniques—and that doing so reveals significant electoral manipulation, particularly in the South-East. Given the weight of that claim and the attention it has attracted, I sought to verify its provenance. A brief check with Amara Nwankpa, who is referenced in the summary, confirmed that the thesis is genuine. He kindly shared the full document, titled Applying Machine Learning Techniques to Detect Electoral Fraud in Nigeria’s 2023 Elections by Joachim Oye MacEbong. What follows is an assessment of what the…
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Abia Goes Electric as Governor Otti Rewrites the Story of Public Transportation

Abia Goes Electric as Governor Otti Rewrites the Story of Public Transportation

Ebere Uzoukwa, PhD With the rollout and formal commissioning of its first batch of state owned electric buses on Monday, 22nd December 2025, Abia State is taking a decisive step into the future of public transportation. The commissioning ceremony, scheduled for 1:00 pm at the International Conference Centre (ICC), Umuahia, will be performed by His Excellency, Dr. Alex Chioma Otti, OFR, Executive Governor of Abia State. This initiative marks a significant policy shift under Governor Otti’s administration, reflecting a deliberate commitment to infrastructure renewal, environmental sustainability, and people centered service delivery, key components of modern governance. The introduction of electric…
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Nigeria’s Economic Outlook Improves as S&P Global Ratings Upgrades Outlook to “Positive”

Nigeria’s Economic Outlook Improves as S&P Global Ratings Upgrades Outlook to “Positive”

Nigeria's economic prospects are becoming more promising, thanks to the Central Bank of Nigeria's (CBN) efforts to stabilise the economy. CBN Governor Olayemi Cardoso has welcomed the decision by S&P Global Ratings to revise Nigeria's sovereign outlook to "positive" from "stable", describing it as a validation of the country's ongoing economic reforms. Speaking at a strategic session in Abuja, Cardoso noted that the CBN has made significant progress in stabilising the economy, making it a beacon of hope for investors and citizens alike. The upgrade is expected to boost investor confidence, attract foreign investment, and support long-term economic growth. Key…
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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

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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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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