Soaring Food, Energy Costs Push Inflation to 15.69% Severe in Sokoto, Bauchi, Zamfara, others To boost confidence, transparency, Cardoso unveils revised FX manual Policy takes effect June 1, warns operators against misconduct
James Emejo in Abuja
The Consumer Price Index (CPI), which measures the rate
of change in prices of goods and services, increased to 15.69 per cent in April compared to 15.38 per cent in March, the National
Bureau of Statistics (NBS), disclosed yesterday. The latest inflation report was released on the same day
the Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, officially launched the fourth edition of
the bank’s Foreign Exchange Manual, positioning it as a cornerstone of ongoing reforms aimed at deepening liquidity,
strengthening transparency and stability, and restoring confidence in the nation’s FX market. Continued on page 5
Many Pupils Missing as Terrorists, Gunmen Invade Borno, Oyo Schools...
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LP, NDC, ADC, PDP Factions Hold Primaries APC shifts House of Reps primaries amid challenges Party disqualifies 4 Fubara’s loyalists in Rivers Don’t stake your children’s school fees on primaries, Uzodimma tells aspirants
Chuks Okocha, Adedayo Akinwale, Sunday Aborisade in Abuja, Amby Uneze in Owerri, Blessing Ibunge in Port Harcourt and Segun Awofadeji in Bauchi
With eight months to the 2027 general elections, political activities across the country have gathered momentum as major political parties move to conclude critical stages of their candidate selection
processes. The ruling All Progressives Congress (APC) begins its primaries in several states today, with aspirants contesting for the party’s tickets for the 360 House
of Representatives constituencies across the country. At the same time, the two factions of the Peoples Democratic Party (PDP) — one led by Tanimu Turaki and the other loyal to the
Minister of the Federal Capital Territory, Nyesom Wike — are making separate arrangements for their supporters, while the African Democratic Congress (ADC), the National Democratic
Congress (NDC), Labour Party (LP) and other political parties have intensified preparations for the polls. Continued on page 5
Tinubu to Nigerians: Re-elect Me for More Work, Reforms in First TwoYears S&P Raises Nigeria’s rating for first time in 14 years President insists fuel subsidy removal, tax reforms, painful steps to stabilise economy Hails Dangote, urges protection for bold African investors Arrives Lagos
Deji Elumoye in Abuja and Sunday Ehigiator in Lagos
With exactly eight months to the 2027 presidential election, President Bola Ahmed Tinubu, who is seeking re-election for a second term in office, yesterday promised Nigerians greater developmental strides if given the opportunity. Specifically, the President said the first two years of a possible second term would be devoted to “more work.” This comes as S&P Global Ratings yesterday, raised Nigeria's credit rating for the first time since Continued on page 5
PRESIDENTIAL MEDIA SESSION AT AFRICA CEO FORUM...
Managing Editor, The Africa Report, Nicholas Norbrook (left) and President Bola Tinubu, during a presidential media session at the Africa CEO Forum in Kigali, Rwanda…yesterday