Reforms: World Bank Hails Nigeria as Pacesetter, Seeks Stronger Oversight Backs state-led projects, urges lawmakers to tighten accountability IEA, IMF, World Bank form joint taskforce to tackle global energy shock
Nume Ekeghe in Lagos and Sunday Aborisade in Abuja
The World Bank has declared Nigeria an emerging model for economic reform among developing
nations, reaffirming its commitment to back the country’s recovery efforts while calling for stronger legislative
oversight to ensure accountability and impact. The endorsement came as the
Bank highlighted steady progress in Nigeria’s reform agenda, noting that recent policy measures
are beginning to yield positive Continued on page 8
Tinubu Begins Nine-Day Four-State Visit to Plateau, Lagos, Ogun, Bayelsa Today... Page 33 Thursday 2 April, 2026 Vol 31. No 11316. Price: N400
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Kwankwasyya: Nigeria Being Plunged into More Debts, NASS Failing in Her Oversight... Page 34
Acting on Appeal Court Order, INEC Removes Mark, Aregbesola’s Names from Its Website Commission to shun proposed convention Faction storms electoral body’s office, insists on recognising Nafiu Bala, its national chairman
Adedayo Akinwale and Folalumi Alaran in Abuja
Citing an order of the Court of Appeal, Independent National Electoral Commission (INEC) has
deleted from its portal the names of Senator David Mark and Rauf Aregbesola as National Chairman
and National Secretary, respectively, of African Democratic Congress (ADC).
The electoral body also added that it would not receive any further communication or deal with any
of the parties or groups pertaining Continued on page 8
CBN: 33 of 37 Banks Met New Capital Requirements, Raised N4.65trn
Banks now well-positioned to support economic growth, withstand domestic, external shocks, says Cardoso Declares all banks fully operational to customers Reveals 72.55% of capital sourced locally, 25% from international markets Apex bank raises compliance bar, demands bank-level accountability in AML systems rollout, sets June 10 deadline Story on page 8
SIGNING CEREMONY OF SYNDICATED TERM LOAN FACILITY FOR DANGOTE PETROLEUM REFINERY...
L-R: Governor, Central Bank of Egypt and Board Member, Afreximbank, Hassan Elsayed Hassan Abdalla; President and Chairman of the Board of Directors, Afreximbank, Dr. George Elombi; President/Chief Executive, Dangote Industries Limited, Aliko Dangote; and former President and Chairman of the Board of Directors, Afreximbank, Prof. Benedict Oramah, during the signing ceremony of the syndicated term loan facility for Dangote Petroleum Refinery and Petrochemicals in Cairo, Egypt, on Tuesday