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Articles by Arize Nwobu
Economy and CBN as a ‘GYROSTAT’
By Arize Nwobu TUE OCT 27 2026-theGBJournal| The role of the Central Bank of Nigeria( CBN) in the economic reforms can be likened to that of a gyrostat. A gyrostat is a stabilising mechanism which is used to stabilise ships, spacecraft and other scientific instruments.
TOWARDS BUILDING A HEALTHY ECONOMY
The objectives of the economic reforms by the Federal Government and the Central Bank of Nigeria (CBN) are primarily to correct the anomalies, and towards building a healthy and sustainable economy going forward, though the policy implementations may be disruptive and distressful for a period in the timeline, but as it is said, “no pain, no gain”.
Towards Building A Healthy Economy
The objectives of the economic reforms by the federal government and the Central Bank of Nigeria (CBN) are primarily to correct the anomalies, and towards building a healthy and sustainable economy going forward, though the policy implementations may be disruptive and distressful for a period in the timeline, but as it is said, “no pain, no gain.” Economy is the focal point and lifeblood of the people and which is why responsible governments and all relevant institutions would do all...
Towards building a healthy economy
By Arize Nwobu THUR OCT 15 2026-theGBJournal| The objectives of the economic reforms by the Federal Government and the Central Bank of Nigeria (CBN) are primarily to correct the anomalies, and towards building a healthy and sustainable economy going forward, though the policy implementations may be disruptive and distressful for a period in the timeline, but as it is said, “no pain, no gain”.
A rescued economy and the way forward
…CBN has maintained sustained vigilance and a proactive money policy stance and initiated policy reforms for macroeconomic stability and enabling environment for economic growth and development By Arize Nwobu THUR SEPT 24 2026-theGBJournal| The federal government and the Central Bank of Nigeria (CBN) have made concerted efforts and rescued the economy from the brink of total collapse and stabilized it though there are still mileages to cover to engender prosperity going forward.
Understanding CBN’s Mandates And Policy Thrusts
In one of the sessions on the economy on Arise TV, and with a particular focus on the Central Bank of Nigeria ( CBN), one of the anchors of the programme, Reuben Abati queried the “underguiding philosophy” of CBN’s monetary policy under the leadership of the Governor, Olayemi Cardoso.
Understanding CBN’s mandates and policy thrusts
…The dominant school of thought on central banking hinges on price stability and that targeting low inflation through monetarism and other applicable monetary policy toolkits By Arize Nwobu WED AUG 19 2026-theGBJournal| In one of the sessions on the economy on Arise TV, and with a particular focus on the Central Bank of Nigeria ( CBN), one of the anchors of the programme, Reuben Abati queried the “underguiding philosophy” of CBN’s monetary policy under the leadership of the Governor, Olayemi...
Economy, Policy Measures And Prospects
Economy is central in the lives of citizens and which necessitates that governments should be visionary and implement appropriate policy measures and ensure proper governance which will eschew all forms of corruptions in their institutions, systems and processes to engender a healthy economy and prosperity for citizens.
Recapitalised banks and access to credit
After a successful implementation of the banks’ recapitalisation policy by the Central Bank of Nigeria (CBN), which started in 2024 and ended in March 2026, it is expected that there will be greater access to credit for the real sector of the economy. Thirty-three banks in different categories were recapitalised as stipulated by the Central Bank of Nigeria (CBN).
Economic Challenges And Solutions Evolution
Presently, Nigeria ranks as the third-largest economy in Africa by nominal GDP, which stands at USD377 billion, after South Africa (USD480 billion) and Egypt
How the Landlords’ Economy is Pricing Nigerians Out of Home
It is considered that in every organized society, the home is supposed to be a place of security. It should be where families find peace after a hard day’s work, where children grow, where dreams are nurtured, and where the pressures of life temporarily fade away. This narrative comes with keen interest, having witnessed that for millions of Nigerians, home has become the country’s newest economic battlefield. This is fast becoming the experience for the vast majority of Nigerians.
Economic Challenges And Solutions Evolution
Presently, Nigeria ranks as the third-largest economy in Africa by nominal GDP, which stands at USD 377 billion after South Africa (USD 480 billion) and Egypt (USD 430 billion), while Algeria ranks fourth at USD 317 billion. Oil and gas dominate Nigeria’s exports and account for 90 per cent of export revenue and represent 14 per cent of GDP.
President Tinubu, CBN And Economic Stability
President Tinubu has a knack for appointing notable and result oriented technocrats into strategic positions, even from his days as the governor, Lagos State. As the governor of Lagos State, he appointed the present governor, Central Bank of Nigeria( CBN), Olayemi Cardoso, as the commissioner, Economic Planning and Budget, which was the think-tank of the administration.
President Tinubu, CBN And Economic Stability
President Tinubu has a knack for appointing notable and result oriented technocrats into strategic positions, even from his days as the Governor, Lagos State. As the Governor of Lagos State, he appointed the present Governor, Central Bank of Nigeria( CBN), Olayemi Cardoso as the Commissioner, Economic Planning and Budget, which was the think-tank of the administration.
President Tinubu, CBN and economic stability
By Arize Nwobu SAT JUNE 20 2026-theGBJournal| President Tinubu has a knack for appointing notable and result oriented technocrats into strategic positions, even from his days as the Governor, Lagos State. As the Governor of Lagos State, he appointed the present Governor, Central Bank of Nigeria( CBN), Olayemi Cardoso as the Commissioner, Economic Planning and Budget, which was the think-tank of the administration.
Economy And Inflation Management
One of the hallmarks of an unhealthy economy is a fast rising inflation rate which erodes purchasing power and disrupts the economic well-being of its citizens, and central banks across the world would do that is necessary and possible to tame inflationary pressure to ensure better living standards and economic growth. There are different types of inflation and which are caused by different factors. Inflation can be cost-push or demand- pull.
Economy and inflation management
…Managing the economy and inflation has been challenging because of the complex and paradoxical nature of the economy By Arize Nwobu MON MAY 25 2026-theGBJournal| One of the hallmarks of an unhealthy economy is a fast rising inflation rate which erodes purchasing power and disrupts the economic well-being of its citizens, and central banks across the world would do that is necessary and possible to tame inflationary pressure to ensure better living standards and economic growth.
CBN Emphasises Corporate Governance
After a successful round-up of banks recapitalisation which started in 2024 and ended in March 31,2026, the Central Bank of Nigeria(CBN) has shifted focus and emphasis to corporate governance in banks for further reinforcement of stability and investor confidence in the banking system.
CBN emphasises Corporate governance
By Arize Nwobu FRI MAY 15 2026-theGBJournal| After a successful round up of banks recapitalisation which started in 2024 and ended in March 31,2026, the Central Bank of Nigeria(CBN) has shifted focus and emphasis to corporate governance in banks for further reinforcement of stability and investor confidence in the banking system.
Perspectives On Banks’ Recapitalisation And Economy
The Central Bank of Nigeria( CBN) has been proactive and methodical in formulating policy measures to stabilise and boost the economy towards achieving sustainable growth. The Bank started by first of all rolling back the frontiers of its operations and refocused on its core mandates and separated the hitherto blurred lines between monetary and fiscal policy to enable greater efficiency.
Perspectives on banks’ recapitalisation and economy
…The first banks’ recapitalisation in 2005 faced intense opposition but CBN was resolute and implemented the policy within the stipulated time frame of eighteen months and the impact was positive. By Arize Nwobu FRI APRIL 24 2026-theGBJournal|The Central Bank of Nigeria( CBN) has been proactive and methodical in formulating policy measures to stabilise and boost the economy towards achieving sustainable growth.
CBN, Financial System and Regulatory Balance
The financial system is one of the major ‘engines’ which drives the economy towards achieving its growth potential. It is broadly segmented into the capital market and money market which consists of financial institutions, financial markets and products, operators and regulatory agencies.
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The financial system is one of the major ‘engines’ which drives the economy towards achieving its growth potential. It is broadly segmented into the capital market and money market which consists of financial institutions, financial markets and products, operators and regulatory agencies.
CBN, financial system and regulatory balance
…The financial system needs to be robust and resilient and properly regulated in order for it to contribute effectively in driving the economy. By Arize Nwobu FRI MAR 27 2026-theGBJournal| The financial system is one of the major ‘engines’ which drives the economy towards achieving its growth potential. It is broadly segmented into the capital market and money market which consists of financial institutions, financial markets and products, operators and regulatory agencies.
Police boss submits framework for establishment of state police to the Senate
The Inspector General of Police, Olatunji Disu, on Thursday, submitted a framework for the establishment of state police to the Deputy Senate President, Jibrin Barau. The move was part of efforts to decentralise policing in the country. Disu submitted the framework to Barau, who chairs the Senate Committee on the Review of the 1999 Constitution, in his office at the National Assembly.
NPA simplifies export processes for made-in-Nigeria goods in ports
The Nigerian Ports Authority (NPA) says it has simplified export processes for made-in-Nigeria goods transit through the nation’s ports to be seamless. The Managing Director of NPA, Dr. Abubakar Dantsoho, said this on Thursday during the NPA Special Day at the ongoing 37th Enugu International Trade Fair. Represented by Mrs.
Miscreants set Fagba rail corridor ablaze to evade arrest
The Lagos State Environmental and Special Offences Enforcement Unit (Taskforce) says suspected miscreants set parts of the Fagba Railway Corridor ablaze to evade arrest during a clean-up operation. The agency’s Chairman, CSP Adetayo Akerele, confirmed the incident in a statement signed by the taskforce spokesperson, Mr. Abdulraheem Gbadeyan, on Thursday in Lagos.
NCC introduces new regulation to boost digital security
The Nigerian Communications Commission (NCC) has introduced a new regulation, named “Telecommunications Identity Risk Management System (TIRMS)” platform aimed to boost digital security nationwide, The Executive Vice-Chairman (EVC) of the NCC, Dr Aminu Maida, made the disclosure on Thursday in Abuja, while delivering his keynote address. Maida said that TIRMS would curb fraudulent transactions in the nation’s digital ecosystem.
Court Orders Final Forfeiture of N400m Linked to Ex-Air Force Chief to Federal Government
The Federal High Court in Abuja has made an order for final forfeiture of the sum of N400 million allegedly linked to AVM Mikail Abdulraheem to the Federal Government. Justice Emeka Nwite, who granted the order after counsel for the Economic and Financial Crimes Commission (EFCC), Abba Muhammed, SAN, moved the motion to the effect, held that the application was meritorious.
CBN, Financial System and Regulatory Balance, By Arize Nwobu
The financial system is one of the major ‘engines’ which drives the economy towards achieving its growth potential. It is broadly segmented into the capital market and money market which consists of financial institutions, financial markets and products, operators and regulatory agencies.
CBN And Interest Rate Dynamics
Interest rate is the cost of money and one of the major macroeconomic variables which determine the dynamics, direction and health of an economy. Other major macroeconomic variables are, exchange rate, inflation rate, unemployment rate, imports and exports and consumer confidence. Central banks determine the interest rates for their respective economies towards attaining their set objectives.
CBN and Interest rate dynamics
By Arize Nwobu MON MAR 09 2026-theGBJournal| Interest rate is the cost of money and one of the major macroeconomic variables which determine the dynamics, direction and health of an economy. Other major macroeconomic variables are, exchange rate, inflation rate, unemployment rate, imports and exports and consumer confidence. Central banks determine the interest rates for their respective economies towards attaining their set objectives.
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Banks are the most important financial intermediaries, especially in developing countries and they operate in the money market segment of the financial system and provide short term funds to businesses, which are typically tenured for one year or less, though sometimes short term funds could extend up to three years. Despite the tight monetary policy of the Central Bank of Nigeria, CBN, and the concomitant high interest rate, bank loans to businesses reached significant levels in 2025.
Essence of the banks recapitalization policy
…Over years( 2004- 2024/26), CBN has implemented two banks recapitalisation policies. The first was in 2004 under the leadership of Professor Charles Chukwuma Soludo and it was a reactive policy measure which was necessitated by the fragility and crisis in the banking system.
Central Bank of Nigeria: Curbing bank frauds
…Some typical bank frauds include loans fraud, overstating interest charges, counterfeited securities, money transfer fraud, money laundering fraud, manipulation of dormant accounts. By Arize Nwobu TUE JAN 27 2026-theGBJournal| The Central Bank of Nigeria ( CBN) is in the forefront and in collaboration with other regulatory institutions to curb bank frauds and the results are manifest. Fraud losses fell to N25.85 billion from N52.26 billion in 2025, representing a 51 percent drop.
CBN, Policy Shifts And Economy
The Central Bank of Nigeria (CBN) has worked dedicatedly alongside the federal government and implemented policy shifts towards the reconfiguration of the economy to foster stability and sustainable growth, increase overall economic efficiency and improve living standard. CBN policy shifts contributed largely to pull the economy out of the crisis management stage, but it does not necessarily mean the end of economic struggles and difficulties.
Central Bank of Nigeria, policy shifts and economy
…CBN policy shifts contributed largely to pull the economy out of the crisis management stage, but it does not necessarily mean the end of economic struggles and difficulties. By Arize Nwobu FRI JAN 16 2026-theGBJournal| The Central Bank of Nigeria (CBN) has worked dedicatedly alongside the federal government and implemented policy shifts towards the reconfiguration of the economy to foster stability and sustainable growth, increase overall economic efficiency and improve living standard.
Esuring Banking System Stability
The importance of banks in driving the economy cannot be overemphasised. In developing countries, banks are noted as the most important intermediary and which provides the greater financial services and which is a major reason why it seems to be the most regulated to ensure stability and sustainability.
Taming the inflation headwind
…Major headwinds against Nigeria’s economy include pervasive corruption, Insecurity, prebendalism and nepotism and high cost of governance featuring conspicuous consumption by the political class By Arize Nwobu MON SEPT 08 2025-theGBJournal| Headwinds are factors that push against and create negative effects in an economy and tailwinds are factors that push forward and create positive effects in an economy.
Economy, CBN and capital inflows
…CBN’s tight monetary policy, besides deescalating inflation, also stimulated a wave of capital inflows; mostly foreign portfolio investments into the economy and markets. By Arize Nwobu FRI AUG 29 2025-theGBJournal| The Governor, Central Bank of Nigeria( CBN), Olayemi Cardoso and his team assumed office at the peak of a crisis of confidence in the economy and financial system generally and CBN in particular.
Stabilising the economy and going forward
In a recent press report, former Minister of Finance and Coordinating Minister of the Economy, now Director- General, World Trade Organisation( WTO), Dr Ngozi Okonjo-Iweala acknowledged the economic reforms of President Bola Ahmed Tinubu. Dr Okonjo- Iweala gave credit to the President for the stability of the economy and further noted that the reforms had been in the right direction and that what was needed next was growth.
Stabilizing the economy and going forward
…Dr Okonjo- Iweala gave credit to the President for the stability of the economy and further noted that the reforms had been in the right direction and that what was needed next was growth By Arize Nwobu TUE AUG 19 2025-theGBJournal| In a recent press report, former Minister of Finance and Coordinating Minister of the Economy, now Director- General, World Trade Organisation( WTO), Dr Ngozi Okonjo-Iweala acknowledged the economic reforms of President Bola Ahmed Tinubu.
Economy And Creative Disruptions For Stability
On the assumption of office by President Bola Ahmed Tinubu, both the fiscal authority and monetary authority embarked on creative disruptions towards reconstructing essential economic variables for stability going forward. Creative disruption is an economic concept by Joseph Schumpeter, the chief exponent of entrepreneurship and innovation. It entails breaking free from existing or traditional approaches and embracing new ideas and methods to create opportunities for growth and progress.
Economy and creative disruptions for stability - The Government and Business Journal
…Creative disruptions can have disbenefits and create pain in the short to medium term, but the benefits or gains often manifest in the medium to long term. As it is said, no pain, no gain. By Arize Nwobu THUR JULY 18 2025-theGBJournal| On assumption of office by President Bola Ahmed Tinubu, both the fiscal authority and monetary authority embarked on creative disruptions towards reconstructing essential economic variables for stability going forward.
Cardoso and the art of Central Banking
…CBN policies seem to be creating the necessary positive impacts. World Bank reported that the economy grew at its fastest by 4.6 percent year on year in the fourth quarter( Q4) 2024 and projected continued expansion at a 3.6 percent growth in 2025. By Arize Nwobu THUR JUNE 26 2025-theGBJournal| Central banks indeed play central roles in the financial system and economies of their respective countries.
Economic Development And Policy Impacts
Six major factors enable economic growth and development and prosperity in a nation. They are available resources, innovations, external influences, leadership, fiscal policy and monetary policy. It’s important to note that these factors are not listed in any particular order. The optimization of the resources of a country engender growth and prosperity.
Economic development and policy impacts
…The previous administration of President Muhammadu Buhari has been noted to have “over- used” the Ways and Means advances in addition to accumulating foreign debts. By Arize Nwobu THUR JUNE 12 2025-theGBJournal| Six major factors enable economic growth and development and prosperity in a nation. They are, available resources, innovations, external influences, leadership, fiscal policy and monetary policy. It’s important to note that the factors are not listed in any particular order.
Ensuring Safety Of The Banking Sector
The Central Bank of Nigeria (CBN) has reassured that the banking sector remains resilient, safe and sound and advised the public to ignore “misleading information ” on the social media about the status of a particular Bank. CBN reemphasised its commitment to secure the banking environment where depositors can be fully confident in the safety of their funds.
CBN And The $1 Trillion Economy
The Central Bank of Nigeria (CBN) has keyed into the USD1 trillion economy envisioned by President Bola Ahmed Tinubu by 2030. And the global management consulting firm, McKinsey and Co. is sanguine about the economy. McKinsey had projected that the economy would attain a GDP of USD1.6 trillion in 2030 and further noted that the economy would be one of the world’s top 20 economies.
CBN's Emphasis On Financial Inclusion
The Central Bank of Nigeria (CBN) has emphasised its commitment to financial inclusion for the greater benefit of the economy. CBN is the Custodian and Project Manager of the National Financial Inclusion Strategy, which was launched in 2012 after a report by Strategy Consultants, Roland Berger, which noted that Nigeria lagged behind some of its peers in Africa in financial inclusion.
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