Economy

Dec
21
2025
0 Comments
By Dairy News
Abia Goes Electric as Governor Otti Rewrites the Story of Public Transportation

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

Technology, Breaking, Business, Economy
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…
Read More
Nov
16
2025
0 Comments
By Dairy News
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”

Breaking, Business, Economy
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…
Read More
Nov
08
2025
0 Comments
By Dairy News
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

Breaking, Business, 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.…
Read More
Oct
26
2025
0 Comments
By Dairy News
CBN Commits to Strengthening Reforms as Nigeria Exits FATF Grey List

CBN Commits to Strengthening Reforms as Nigeria Exits FATF Grey List

Breaking, Economy, Metro,
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.…
Read More
Oct
26
2025
0 Comments
By Dairy News
CBN lists benefits of Nigeria exiting FATF Grey List

CBN lists benefits of Nigeria exiting FATF Grey List

Breaking, Economy, Metro, ,
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…
Read More