Cardoso: Global Shocks Not Slowing Nigeria’s Push for Resilience, Single-digit Inflation Target Says data-driven MPC stance on rates vindicated Edun: Reforms strengthen economy’s ability to withstand global shocks
Eromosele Abiodun and Nume Ekeghe inWashington DC
The Governor of the Central Bank
of Nigeria (CBN), Mr. Olayemi Cardoso, has allayed fears of the impact of the Middle East crisis on the Nigerian economy,
stressing that global shocks arising from the crisis were not slowing Nigeria’s push for resilience and a single-digit Inflation target.
He also defended the Monetary Policy Committee (MPC) 's decision to maintain a cautious stance on interest rates, insisting
that the committee has been vindicated in its data-driven approach, despite early pressure to ease policy amid months of
moderating inflation. This was as the Minister of Continued on page 5
Presenters Who Express Opinions as Facts, Bully Guests Risk Sanctions, NBC Warns TV, Radio Stations…Page 7 Sunday, April 19, 2026 Vol 31. No 11326
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Citing Unacceptable Terms, Bauchi PDP Halts Defection Talks With APC Accuses APC leadership of rejecting key conditions presented during the negotiations Segun Awofadeji in Bauchi
The Peoples Democratic Party (PDP) in Bauchi State
has officially withdrawn from the proposed plan to defect to the All Progressives Congress (APC), accusing the ruling
party of refusing to accept key terms and conditions presented during negotiations. The main opposition party
stated that with the collapse of the defection talks, it has focused on exploring other viable political options.
It would be recalled that following his failed defection to the ruling APC, Governor Bala Mohammed of Bauchi
State had indicated a possible defection to the African
Continued on page 5
Oil Tankers Come Under Fire as Iran Reimposes Restrictions on Strait of Hormuz
Warns of prolonged control unless US lifts port blockade Trump dismisses Tehran’s move, says US won’t be ‘blackmailed’ See story on page 5 India summons Iran’s ambassador, lodges protest over attack of oil vessel Global oil supply fears resurface as tensions threaten energy security
ENSURING TERRORISM DOESN’T CHANGE OUR WAY OF LIFE…
L-R: Kwara State Governor and Chairman, Nigeria Governors’ Forum, AbdulRahman Abdulrazaq; National Chairman, All Progressives Congress, Prof. Nentanwe Yilwatda; Vice President Kashim Shettima; Borno State Governor, Prof. Babagana Umara Zulum; and Zamfara State Governor, Dauda Lawal, during Zulum’s children’s wedding ceremony at the Maiduguri Central Mosque in Maiduguri…yesterday
To Protect Domestic Firms, Manage Forex, FG Bans Importation of Paracetamol, Other Medicines…Page 6