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Nigeria’s Economy Stronger Now, Can Withstand Global Shocks – Cardoso.
The Governor of the Central Bank of Nigeria, Olayemi Cardoso, stated on Thursday that Nigeria’s ongoing macroeconomic reforms have strengthened the country’s economy, enabling it to withstand potential shocks from rising tensions in the Middle East.....KINDLY READ THE FULL STORY HERE▶
Cardoso made the remarks while delivering a Distinguished Alumni Lecture during the Founders’ Day celebration at St Gregory’s College.
He highlighted that the global economy is currently facing renewed uncertainties, largely driven by geopolitical tensions, particularly the ongoing crisis involving the United States, Israel, and Iran.
According to the governor, these developments could lead to higher energy prices, disruptions in global supply chains, and increased risk aversion among international investors.
Despite these challenges, Cardoso emphasized that economic reforms implemented over the past two years have bolstered Nigeria’s macroeconomic buffers, placing the country in a stronger position to absorb external shocks.
He stated, “Today, the global economy is facing renewed shocks, including continued geopolitical tensions and developments in the US–Israel–Iran conflict. These events have the potential to push energy prices higher, disrupt supply chains, and increase risk aversion among global investors.
“But the macroeconomic reforms and policy buffers we have built over the past two years have placed Nigeria in a far stronger position to navigate these challenges. The storms may come, but our house will stand firm.”
Cardoso also highlighted improvements in the country’s foreign exchange market, noting that policy reforms by the central bank have made it more liquid and efficient.
“Deliberate measures implemented by the bank have eliminated distortions in the forex market and restored investor confidence. Today, the foreign exchange market operates with far greater liquidity and efficiency, while the backlog of unmet demand has been cleared. Market participants can now transact without relying on extraordinary Central Bank interventions,” he said.
Additionally, Cardoso pointed out that Nigeria has seen a notable increase in capital inflows in recent years as investor confidence gradually returns. He added that the country’s external reserves have strengthened, recently surpassing $50 billion—the highest level in over a decade—supported by an improved balance of payments and rising foreign investments.
The 2026 Unified Tertiary Matriculation Examination (UTME) began nationwide on Thursday, with over 2.2 million candidates expected to participate across accredited centres.....KINDLY READ THE FULL STORY HERE▶
The exam, conducted by the Joint Admissions and Matriculation Board (JAMB), will run from April 16 to April 22 in multiple daily sessions.
JAMB Registrar, Prof. Is-haq Oloyede, urged examination officials to remain highly committed and professional, noting that the success of the exercise depends largely on their dedication.
He gave the charge during a virtual final briefing for technical officers ahead of the examination, where he also praised staff, ad hoc personnel, service providers, and technical advisers for their roles in the successful conduct of the mock exam.
Oloyede said many of the issues recorded during the mock exercise were due to poor assessment of centres by some technical officials.
He further stated that incentive packages would be awarded to teams that perform exceptionally, particularly in handling exam materials and submitting timely reports.
Reiterating JAMB’s zero-tolerance stance on malpractice, he warned candidates against bringing prohibited items into examination halls.
He also disclosed that biometric verification and real-time monitoring systems have been deployed to protect the integrity of the exercise.
Candidates whose biometrics cannot be verified, he added, will be rescheduled to write the exam at approved centres.
Meanwhile, a NAN correspondent monitoring proceedings at Aduvie International School, Jahi, reported that the first session scheduled for 8:30 a.m. began slightly behind schedule at about 8:40 a.m.
The Commissioner of Police for the Federal Capital Territory (FCT), CP Ahmed Muhammed Sanusi, on Thursday inspected security deployments at Joint Admissions and Matriculation Board (JAMB) Computer-Based Test (CBT) centres across Abuja.....KINDLY READ THE FULL STORY HERE▶
According to the FCT Police Command spokesperson, SP Josephine Adeh, the inspection is part of proactive measures to ensure a smooth, peaceful, and hitch-free conduct of the ongoing examinations.
The UTME is scheduled to run nationwide from April 16 to 18, 2026.
During the exercise, CP Sanusi assessed security arrangements put in place to safeguard candidates, examination officials, and CBT facilities.
He also engaged with centre supervisors, assuring them of adequate security presence throughout the examination period.
Adeh added that the CP reaffirmed the command’s commitment to maintaining law and order, warning that any attempt to disrupt the examinations would be met with decisive action in line with the law.
Over 700 former terrorists who have undergone deradicalisation and rehabilitation are set to be reintegrated into their communities.....KINDLY READ THE FULL STORY HERE▶
The Nigerian military has also dismissed reports alleging that beneficiaries of Operation Safe Corridor are being recruited into military institutions.
According to African Independent Television, the Coordinator of Operation Safe Corridor, Brigadier-General Yusuf Ali, made this known during a media tour of the Deradicalisation, Rehabilitation and Reintegration Centre in Gombe, North-East Nigeria.
He said many Nigerians still misunderstand the Federal Government’s structured counter-terrorism initiative, which is designed to restore peace in communities affected by insurgency.
Brigadier-General Ali explained that the programme focuses on rehabilitation and peaceful reintegration of repentant individuals into society.
During the tour, some of the participants also shared accounts of their involvement in offences that led to their admission into the programme.
The facility inspection was part of preparations for the graduation of over 700 clients who have completed the deradicalisation and rehabilitation process and are set for reintegration.
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