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Articles by Ibrahim Modibbo
Cardoso's CBN strengthening Nigeria's payments system through Vision 2028
The Central Bank of Nigeria (CBN) under the reign of Governor Yemi Cardoso has embarked on the path of enthroning an inclusive, innovative and secure financial ecosystem that will benefit the economy and boost investors confidence in the Nigerian financial sector.
CBN’s economic reforms win IMF praise amid signs of durable recovery
After years of economic volatility and uncertainty, the International Monetary Fund (IMF) in its latest Article IV Consultation affirmed a new reality about Nigeria’s economy under the Tinubu administration. The IMF declared in clear terms that Nigeria is making meaningful progress following a series of significant structural reforms to restore financial discipline and credibility.
Another first for Cardoso as CBN launches platform for diaspora
Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, has recorded another first and added a new feather to his cap of honours, following the coming on stream of a scheme to grant financial access to Nigerians in the diaspora.
Cardoso partners JP Morgan, NGX, others in expanding Nigeria's
In anticipation of the International Monetary Fund (IMF) and World Bank Group (WBG) spring meetings which commenced on Monday, April 21, 2025, the Central Bank of Nigeria (CBN) partnered with J.P. Morgan, the Nigerian Exchange Group (NGX) and Africa Private Capital Association (AVCA) to host a high-profile global forum at Nasdaq MarketSite in New York on Thursday, April 17, 2025.
CBN: Navigating the process for monetary stability
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FOREX code, Cardoso’s approach to stabilizing the naira 7 MIN READ Opinion By Ibrahim Modibbo WITHIN hours after the launch of foreign exchange code by the Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, on January 28, 2025, in Abuja, the positives from this move by the apex bank emerged as the naira appreciated against the US dollar.
FOREX code, Cardoso’s approach to stabilizing the naira
FOREX code, Cardoso’s approach to stabilizing the naira By Ibrahim Modibbo Within hours after the launch of foreign exchange code by the Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, on January 28, 2025, in Abuja, the positives from this move by the apex bank emerged as the naira appreciated against the US dollar.
CBN and the Diaspora exploration
In the race towards globalisation and multiculturalism in modern economies, consensus is built around strategic thinking for the common good of the people. Conscious of the enormity of myriad of problems confronting the Nigerian economy, the apex bank, Central Bank of Nigeria (CBN), is strategising with focus on exploring the threshold of the problems with a defined trajectory of revamping the economy.
The imperative of CBN's autonomy
By Ibrahim Modibbo For example, the proposed coordinating committee for monetary and fiscal policies concerning monetary policy in their opinion will undermine the apex bank's independence and capacity in achieving its price stability mandate, including fiscal and monetary policy coordination as well as undermining the CBN's operational independence and weaken the apex bank's flexibility in deploying appropriate policy frameworks in a dynamic economic environment to achieving its core mandate.
The Imperative of CBN'S autonomy
By Ibrahim Modibbo Under globalization and multi-cultural settings such as ours, Nigerians are under no illusion to the enormity of the myriad of challenges confronting the President Bola Tinubu Administration. In my opinion, anxiety and trepidation seems to trial the move by the National Assembly, to amend the provisions of the CBNAct of 2007.
The imperative of CBN’s autonomy
The imperative of CBN's autonomy 11 MIN READ Opinion By Ibrahim Modibbo Under globalization and multi-cultural settings such as ours, Nigerians are under no illusion to the enormity of the myriad of challenges confronting the President Bola Tinubu Administration. In my opinion, anxiety and trepidation seems to trial the move by the National Assembly, to amend the provisions of the CBN Act of 2007.
Naval Base In Kano: An Absurdity?
BY IBRAHIM MODIBBO The conventional and social media have for some time now been awash with stories, opinions and commentaries about the absurdity of establishing a Naval Base in Kano by the authorities of the Nigerian Navy. One of them that is worth recalling was an online publication captioned “Our Navy’s NNS absurdity” written by Dare Babarinsa on the 9th of September 2021 at guardian.ng, criticizing the siting of a Naval base in Kano.
Commanding Officer lauds FRSC over collaboration on security
Brig.-Gen.Hilari Mabeokwu, the Commanding Officer 6 Brigade, Nigerian Army, Jalingo in Taraba, has commended the Federal Road Safety Corps (FRSC) for their effective collaboration with the army and other securit formations in the country. Mabeokwu gave the commendation on Tuesday when he paid a courtesy call on the Sector Commander, FRSC command in Taraba, Corps Commander Selina Williams, in Jalingo.
CVR: INEC seeks synergy with Police in Oyo
The Independent National Electoral Commission (INEC) has called for the support of the Nigeria Police in Oyo State on the Continuous Voters Registration (CVR) expected to begin on Monday. Mr Mutiu Agboke, the state Resident Electoral Commissioner (REC), made the call on Tuesday during his visit to the state Commissioner of Police, Mrs Ngozi Onadeko, at the police command in Eleyele, Ibadan.
Mbula Chieftaincy: Open Letter To Gov Fintiri
Your Excellency, Having successfully celebrated yet another “Democracy Day” in office, let me join millions of your well wishers and supporters worldwide in congratulating you on this auspicious occasion in our national lives. It is with greatest respect and deepest sense of responsibility that I write this open letter to you on the current inconsistencies and illogical presentations on the chieftaincy tussle in Mbula land. Just like Doctors without borders, so are the Journalists.
As the curtains fall on Senator Paul Wampana
Adamawa State has once again been thrown into mourning with the demise of one of its illustrious sons or better still “fathers”, most distinguished Senator Paul Wampana Vimtim. For Adamawa North senatorial District, it was dirges of sorrow and lamentations as this year took both the young and old to their graves in total submission to the will of God. Early this year, we lost the crown Prince of Mubi, a young, and vibrant public servant with promising potentials.
Kachikwu, Baru and the NNPC debacle By Reuben Abati
The current NNPC debacle is probably the most embarrassing, even if mercifully, eye-opening crisis in the history of that nationally strategic institution since its creation in 1977. I seek in the following commentary to offer a number of observations that would probably throw some light on the muck and confusion running riot out there on the matter.
Human Rights: PRAWA, Others Tackle Abuse via Training
A Non-Governmental Organization, the Prisons Rehabilitation and Welfare Action (PRAWA), in collaboration with other stakeholders organized a workshop in Abuja to stem the tide of human rights abuse in the country. The workshop is coming on the heels of public outcries on several violations and non-respect for human rights by security agencies and justice sector institutions while carrying out their constitutional duties.
Egwu Eke 11: Senior Officers Commend Successes So Far
(Press Release) In line with the Chief of Army Staff directive, the Corps Commander Nigerian Army Signals, Major General CT Olukoju and the representative of the General Officer Commanding 6 Division Nigerian Army, Brigadier General MA Sanusi have visited Exercise Egwu Eke 11 theatre of operations on Saturday and Sunday the 7th and 8th October 2017.
PCNI Restates Commitment To Revamp Healthcare In Borno
The Vice Chairman of the Presidential Committee on North East Initiative, PCNI, Tijjani M Tumsah on Monday received the Governor of Borno State, Kashim Shettima, Monday, at the agency’s office in Abuja A statement by Head of Media and Communications of the PCNI, Alkasim Abdulkadir said the Governor’s visit was in continuation of the strategic alliance between the Federal and State governments in tackling the humanitarian crisis in the North East.
Recce Battalion to Train 200 Young Army Officers
The Acting General Officer Commanding 3 Division Nigerian Army, Brig Gen Benjamin Ahanotu visited troops of 241 Recce Battalion Nguru as part of routine operational visit to troops under Headquarters 3 Division Tactical (Sector 2) deployed in Operation LAFIYA DOLE to mark Nigeria’s 57th lndependence Celebration Anniversary. The Ag GOC, while addressing the troops, said he was highly impressed with standard of discipline and neatness maintained in the barracks.
N86m Land Scam: Court Fines Defence for Delaying Trial
Justice A. O. Otaluka of the Federal Capital Territory High Court sitting in Lugbe, Abuja, on Wednesday, October 9, 2017 ordered Barrister Samson Paul, counsel to Sebastine Duru, a suspected land racketeer, to pay the sum of N5, 000 (Five Thousand Naira) as fine to the Economic and Financial Crimes Commission, EFCC, for delaying trial. Duru was arraigned on May 18, 2017 on one-count charge of fraud to the tune of N86million.
Senator Misau: A Tragic Hero? (1) By Ibrahim Modibbo, Abuja
I think Senator Isah Hamman Misau Representing Bauchi Central Senatorial District is an emotionally troubled person, an attention seeker that battles against low self-esteem and psychological trauma of the past. The man, a controversial narrative of all forms of democratic norms, seems to be erratic, hysterical and insecure member of the parliament that reacts on brazen impulses, thus, an embarrassment to the exalted office of the senate.
Senate, MDAs, CSOs Proffer Solution to Youth Unemployment Challenge
The Senate, Civil Society Organizations (CSOs) and representatives of Ministries, Departments and Agencies (MDAs) on Monday convened a roundtable dialogue on the alarming rate of youth unemployment in the country.
PENGASSAN, NUPENG Pledge Support for Baru
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), and the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG),have pledged unalloyed support for the transformation stride of the Group Managing Director of the Nigerian National Petroleum Corporation, Dr. Maikanti Baru.
Climate Change , Global Warming: Nigerian Pastor Sensitizes Members, Raises Biblical Angle
The General Over Seer of Christ Evangelical And Life Intercessory Fellowship, Pastor Yohanna Buru has during service at the church , said trash burning around the globe is worsening air pollution, and deforestation is also contributing to the increasing threat of climate change and global warming in Africa Pastor Yohanna made the statement while delivering a sermon at church in Gwagyi villa in southern part of Kaduna-North western Nigeria He said climate change is a well known issue in the...
Monkey pox: Bayelsa Appeals To Striking Workers, Seeks Support For Reforms
The Bayelsa State government has called on civil servants in the state especially those at the Local Government level to support the ongoing reforms instituted by Governor Henry Seriake Dickson that is aimed at sanitizing the system and reposition it for efficiency and greater productivity.
Troops Ambush, Kill Boko Haram Cattle Rustling Syndicates
(Press Release) In furtherance of clearance operations in Operation Lafiya Dole, troops of 8 Division Mobile Strike Team deployed at Forward Operations Base Mairari, on Sunday 8th October 2017 ambushed a Boko Haram terrorists’ cattle rustling syndicate trying to cross into Maiduguri to sell the rustled cattle, at Lingir village. During the encounter, the ambush party neutralized 3 Boko Haram terrorists, while some of them have escaped with gunshot wounds.
Unpopular Thoughts On My Country, By Owei Lakemfa
There is a ground swell to punish hate speech in the country. Doubtlessly, societies evolve and what is acceptable today may be forbidden tomorrow. But hate Speech is like religion; it depends on your beliefs. If some say Nigeria is a zoo, and others say those who call our beloved country a zoo, are animals; both groups may be exercising their constitutional and fundamental human right to freedom of speech.
NAF Commissions Multi-Purpose Fitness Centre
The Nigerian Air Force (NAF) has commissioned a multi-purpose fitness centre at its base in Yenagoa, as part of efforts to promote the physical fitness of its personnel. The Chief of the Air Staff (CAS), Air Marshal Sadique Abubakar, who was represented by the Air Officer Commanding (AOC) Mobility Command, Air Vice Marshal (AVM) Steven Onuh, performed the commissioning.
Buhari Condoles With Ghanaian President On Accra Gas Explosions
President Muhammadu Buhari has spoken to President Nana Akufo-Addo to offer heartfelt condolences to the Government and people of Ghana on the gas explosions in the Legon suburb of Accra on Saturday, October 7, 2017. In a telephone call on Sunday, President Buhari prayed for those who lost loved ones and friends in the tragedy and a speedy recovery for the injured.
Malu’s Death A Painful Loss, Say APC, Kalu
The All Progressives Congress (APC) has described the death of former Chief of Army Staff (COAS), Lt. Gen. (Rtd.) Victor Samuel Leonard Malu as painful. Malu died on Monday in Cairo, Egypt at the age 70 . A statement by APC Spokesman,Bolaji Abdullahi said the Party condoles with the immediate family, the Nigerian Army and the government and people of Benue state over the painful loss.
Russia’s Rosatom Canvasses Sustainable Energy Mix for Nigeria
Russian State Nuclear Energy Corporation, Rosatom recently shared its best practices with participants of the annual Powering Africa investors’ summit held in Abuja, Nigeria. During a panel discussion on the optimum future energy mix for Nigeria, experts from across the globe discussed various options to close the country’s current power deficit.
The Debt Debate: Deconstructing the debt story, By Kemi Adeosun
National debt is an emotive issue as well as an economic one. The thought of saddling future generations with unserviceable debt, is not conscionable and certainly not part of the President Muhammadu Buhari-led-administration’s agenda. It is therefore, worthy of an intervention on my part to explain the history, the short-term strategy and the medium to long term outlook for our economy.
Rivers Of Thugs, By Ibrahim Modibbo
Political analysts and keen observers of events in River State have continued to express deep concern over the future of democracy in the State as Nyesom Wike, the current Governor, has raised the bar of thuggery to an art of Governance in a plural Democracy. To him, who seems to be above the law of the country, democracy can be redefined as a government of thugs for the thugs and by the thugs.
What Happens to Governance When the President Will Not Govern, By Jibrin Ibrahim
Our Constitution places the power of the Executive in one person, the President. At the same time, the Constitution, conscious of the fact that the President cannot alone execute the vast array of governmental processes, requires that ministers, advisers and heads of parastatals be appointed to help the President carry out the huge responsibility of executing government policies. At the beginning of the Buhari Administration, there was a general expectation that he would hit the ground running.
Film Village: Between Kannywood And The Film-Haram Advocates, By Ali Abubakar Sadiq
The Hausa film industry, popularly known as Kannywood, is one of the major youth employers in northern Nigeria. From the moment a writer puts pen on a paper, that power of the pen creates a cascading chain of jobs for artists, technicians, translators, editors, cinematographers, transporters, hoteliers, tailors and even married women that rent out costumes and cook food for shooting locations. Hardly an industry is as rich as the film industry.
In defence of Contributory Pension Scheme,By Issa Aremu
Last Friday’s Editorial of Daily trust (July 22, 2016) on the danger of refusal of many federal ministries, departments and agencies of government to remit presumably deducted pension funds as and when due was commendable and timely. But is anybody reading or listening? Never before have Nigerian workers been faced with crisis of compensation, manifesting in delayed and non-payment of salaries at work and non-payment of pension after work.
Why Is Wike Desperate To Have Police Of His Choice? By Ibrahim Modibbo
Again last week again, Governor Nyesom Wike of Rivers State was in the news for a very wrong reason. He threatened to expel, senior police officers whom he perceives as being compromised; by whom? He is yet to decipher. In a traditional, if not characteristically boisterous and highly garrulous manner, Wike the Emperor of “water front” is now tired of running away from his shadow as he hides behind his finger to foul where there is none.
Monsanto’s Plot to Takeover Nigeria’s Agriculture and Our Policy Response, By Jibrin Ibrahim
As everyone knows, one American company called Monsanto has been on a determined march to take over agricultural production all over the world and enslave all farmers and countries to their commercial blood sucking logic. They have finally found a bridgehead into Nigeria where a door has been opened to allow them enter and takeover. They have been allowed to initiate so-called experimental farms to produce cotton and maize.
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