Obinna Chima

Lagos, Nigeria

Financial Journalist at This Day (Nigeria)

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Articles

Mounting Debt, Shrinking Public Trust

1 week ago | thisdaylive.com | Obinna Chima

Breaking News Obinna ChimaThis week, President Bola Tinubu set tongues wagging when he formally requested the approval of the National Assembly to secure a new wave of multi-currency loans amounting to approximately $23.5 billion, €2.265 billion, ¥15 billion, and N757.9 billion, as part of the country’s 2025-2026 external borrowing plan.
Honest Assessment of Tinubu’s Ministers

2 weeks ago | thisdaylive.com | Obinna Chima

Obinna ChimaNext Thursday will make it two years since President Bola Ahmed Tinubu assumed office and promised Nigerians bold reforms, decisive leadership under his ‘Renewed Hope’ agenda. While he has not disappointed in terms of the reforms, his ‘Renewed Hope’ mantra, however, fills the air more than anything and may choke Nigerians with the way it is being echoed by most of his Ministers in speeches at any ceremony they find themselves.
Monetary Policy Not Cure-all

3 weeks ago | thisdaylive.com | Obinna Chima

Breaking News Obinna ChimaThe 300th meeting of the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has been scheduled to hold, between Monday and Tuesday, in Abuja. This will be the second MPC meeting for the year and the eighth since the Olayemi Cardoso-led CBN was constituted.
IMF Removes Nigeria From List Of Indebted Countries

1 month ago | arise.tv | Obinna Chima

The International Monetary Fund (IMF) has removed Nigeria from its list of debtor-countries. In a report, titled, “Total IMF Credit Outstanding – Movement from May 01, 2025 to May 06, 2025,” obtained on the multilateral institution’s website on Wednesday, Nigeria was not listed among the debtors, which had 91 developing and least developed countries owing the fund a total of $117,797,656,224 as at May 6, 2025.
Where is Olajumoke Oduwole?

1 month ago | thisdaylive.com | Obinna Chima

Breaking News Obinna ChimaToday marks exactly 180 days since Dr. Olajumoke Oduwole assumed the position of Nigeria’s Minister of Industry, Trade and Investment. In a nation grappling with innumerable economic challenges and seeking to bolster growth, beyond rhetoric, the lack of visible initiatives by her office is becoming increasingly concerning.
At Requiem Mass, Osinbajo, Obi, Fayemi, Others Pay Final Respects to Pascal Dozie

1 month ago | thisdaylive.com | Obinna Chima

Obinna ChimaDignitaries from across Nigeria’s banking, business and politics spheres gathered yesterday at a requiem mass at the Catholic Church of the Assumption, Falomo, Lagos, to pay their final respects to deceased boardroom guru and founder of the defunct Diamond Bank, Mr. Pascal Gabriel Dozie.
CBN Deputy Governor, Emem Usoro, Loses Mother

1 month ago | thisdaylive.com | Obinna Chima

The Deputy Governor of the Central Bank of Nigeria (CBN), Emem Usoro, has lost her mother, Mrs. Eno Nnana Usoro, who passed away peacefully in Abuja. She was 78. Born on June 30, 1946, Mrs. Usoro’s death was revealed by family sources, who disclosed that she passed away on Tuesday, April 29, 2025. A formal family statement will be released after consultations.
Heightened Global Uncertainties and the Nigerian Economy

1 month ago | thisdaylive.com | Obinna Chima

by OBINNA CHIMAGlobal economic leadersCOMMA WHO gathered in Washington DC for the International Monetary Fund (IMF)/World Bank Spring Meetings which commenced this week, have been focused on how to navigate the tension created by the United States’ President, Donald Trump’s reciprocal tariffs, ongoing trade wars, inflation fears and new worries about the prospect of a global recession.
Between Banks’ Soaring Profits and Economic Realities

2 months ago | thisdaylive.com | Obinna Chima

Obinna ChimaThe banking sector dominated headlines in the past few days following the humongous earnings released by most of the financial institutions in their full-year 2024 financial results. In a country where individuals and companies are hurting from economic challenges and rising cost of basic necessities, the financial industry seems to be projecting a stark contrast as commercial banks continue to churn out staggering and record-breaking earnings.
Don’t Let Your 2025 Financial Resolutions Fade Away

Feb 28, 2025 | thisdaylive.com | Obinna Chima

Breaking News Obinna ChimaMaking resolutions is a fantastic way to start the new year. At the beginning of every year, we all outline the goals and aspirations we want to achieve. 2025 is not different. From planning to save more money and committing to other financial goals, to eating healthier, improving our spirituality, exercising more, and losing weight, (a lot) MANY of us set targets for the things we want to achieve.