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FG says IMF Article IV Report validates its reforms
via vanguardngr.comEmma Ujah, Abuja Bureau ChiefThe Federal Government has described the International Monetary Fund (IMF) 2026 Article IV Mission Concluding Statement on Nigeria as a validation of the country’s economic reform programme.According to the Minister of Finance and Coordinating Minister of the Economy, Mr. Taiwo Oyedele, “The report provides further independent validation that the bold and necessary reforms undertaken under the leadership of President Bola Ahmed Tinubu, are strengthening -
Senate queries SEDC, accuses commission of spending N153m on Abuja office rent
via vanguardngr.com….demands full account of expenditure…all expenditures was made prudently and in line with available resources – Okoye defends commissionBy Henry UmoruABUJA — The Senate has placed the Managing Director and Chief Executive Officer of the South East Development Commission, Mark Okoye, under scrutiny over the management of funds released to the commission from its 2025 budget allocation.The Senate Committee on South East Development Commission, chaired by Orji Uzor Kalu, -
Accord Party supporters rally behind Olawepo-Hashim in Kaduna
via vanguardngr.comBy Ibrahim Hassan-WuyoMembers of the Accord Party in Kaduna State have reaffirmed their support for the party’s presidential candidate, Gbenga Olawepo-Hashim, expressing confidence in his ability to provide leadership and address Nigeria’s challenges ahead of the 2027 general election.The endorsement came during a rally held in Kaduna on Tuesday, where party members, youth groups, women associations and community leaders gathered to demonstrate support for Olawepo-Hashim’s can -
Sharia Council raises alarm over rising insecurity, urges FG to act
via vanguardngr.comBy Ibrahim Hassan-WuyoThe Supreme Council for Shariah in Nigeria has expressed concern over the worsening security situation across the country, calling on the Federal Government to take urgent and decisive steps to address the escalating wave of killings, kidnappings, terrorism and banditry.In a statement issued by its Secretary-General, Nafiu Baba Ahmad, the Council lamented that Nigerians continue to wake up daily to reports of violent crimes despite repeated assurances from government offic -
Northern stakeholders rally behind Obi’s one-term presidency proposal
via vanguardngr.comBy Ibrahim Hassan-WuyoA growing number of northern political stakeholders have expressed support for Labour Party presidential candidate, Peter Obi, over his renewed commitment to serve only one term if elected president in 2027, describing the proposal as a practical step toward national unity and political inclusion.Supporters of Obi argue that the one-term pledge reflects a willingness to prioritise national stability above personal political ambition, particularly at a time when issues of p -
Dollar to Naira exchange rate today, June 10, 2026
via vanguardngr.comThe Nigerian naira traded relatively stable against the United States dollar on Wednesday, June 10, 2026, across both the official Nigerian Foreign Exchange Market (NFEM) and the parallel market, as market participants continued to monitor liquidity conditions and foreign exchange demand.Data from the Central Bank of Nigeria’s exchange rate portal showed that the official NFEM rate closed at approximately ₦1,360.55 per dollar on June 9, the latest available official rate, compared w -
Olympic Qualifiers: Comoros set up Super Falcons clash after beating Sudan 30–0
via vanguardngr.comComoros will face Nigeria’s Super Falcons in the next round of the 2028 Olympic Games qualifiers after producing a historic 30–0 aggregate win over Sudan in the first round.The Coelacanths won the first leg 17–0 on June 3 before sealing the tie with a 13–0 win five days later.In the first leg, Comoros opened scoring in the eighth minute and went on to dominate proceedings, overwhelming Sudan with relentless attacking pressure.Nine different players contributed goals, und -
APC aspirant’s wife gives out 2,000 pads, sensitises girls in Osun
via vanguardngr.comHundreds of teenage girls in Apomu Kingdom received free menstrual pads and practical health education on Tuesday as Dr Sekinat Bola -Oyebamiji, wife of APC governorship aspirant and President of Medical Women Association, Osun State Chapter, donated 2000 menstrual pads in a community outreach on menstrual hygiene and girl-child welfare.The teenage girls and young women got more free sanitary pads as Dr Oyebamiji took the girls through proper use and disposal of sanitary as well as importance o -
Nigeria moving in right direction —FG
via vanguardngr.com*Unveils Tinubu’s scorecard, defends reforms
*Highlights economic gains, 1m student loan beneficiaries, tax reforms, anti-graft successesBy Joseph ErunkeABUJA — The Federal Government yester day mounted robust defence of President Bola Tinubu’s reform agenda, declaring that Nigeria is steadily emerging from economic fragility and laying the foundation for long-term prosperity, despite pains associated with ongoing reforms.At a high-profile Democracy Day press conference in Abuj -
Nigeria’s trade surplus rises 91% to N7.55trn in Q1’26
via vanguardngr.comBy Progress Godfrey Nigeria recorded a 91 per cent, year-on-year, YoY increase in trade surplus to N7.55 trillion in the first quarter of 2026, Q1’26 from N3.95 trillion in the same period of 2025, Q1’25, driven by a sharp decline in imports and a modest rise in exports. The National Bureau of Statistics (NBS) disclosed this yesterday in the Foreign Trade in Goods for Q1’26. The report showed that total trade fell by 6.48 per cent, YoY -
Foreign investment in manufacturing slumps 50.7% to $152m in Q1’26
via vanguardngr.comBy Yinka Kolawole Foreign investment into Nigeria’s production and manufacturing sector declined sharply by 50.7 percent quarter-on-quarter to $152.27 million in the first quarter of 2026 (Q1’26), down from $308.93 million recorded in the preceding quarter (Q4’25), according to the latest Capital Importation Report released by the National Bureau of Statistics (NBS).The report revealed that the sector accounted for only 1.47 per cent of the total capital importation -
FG, 6 states woo investors at ‘Invest in Lagos 3.0’ Summit
via vanguardngr.comThe Federal Government and six state governments have urged investors at the ongoing Invest in Lagos 3.0 Summit to channel funds into critical sectors, promising attractive returns and improved business conditions.The summit, themed “Lagos: The Business Gateway to Africa,” featured presentations from representatives of the Presidency and the governors of Lagos, Imo, Abia, Plateau, Taraba and Nasarawa states.Minister of Finance, Dr. Taiwo Oyedele, assured investors of the Federa -
UBA wins 2026 ‘Banker Technology’ award for AI innovation, launches upgraded app
via vanguardngr.comUnited Bank for Africa (UBA) Plc, has been named the winner of the African category at the 2026 Banker Technology Awards, recognised for its innovations in digital payments, e-business, and the use of artificial intelligence to drive seamless cross-border banking across more than 20 African markets.In its assessment of UBA’s winning entry, The Banker noted that “the bank has cemented its status as a leading digital operator by placing technology at the centre of its growth stra -
SSB tax threatens 33% manufacturing output, 1.5m jobs — MAN
via vanguardngr.com•Promote healthy consumption without harming businesses — ACCIBy Yinka Kolawole & Progress GodfreyOpposition to the proposed increase in excise duties on sugar-sweetened beverages (SSBs) intensified yesterday as the Manufacturers Association of Nigeria (MAN) and the Abuja Chamber of Commerce and Industry (ACCI) warned of severe economic consequences.MAN cautioned that the proposed levy could threaten a sector responsible for about 33 per cent of Nigeria’s manufacturing -
Poor service, rapid data depletion heap criticisms on telcos
via vanguardngr.com…MTN blames fibre cuts, vandalism, community disputes for poor services
…Data finishes faster because smartphones are smarter, not because phones are stealing it —TECNOBy Juliet UmehFor millions of Nigerians, poor telecom service has become more than an inconvenience. It is disrupting businesses, delaying emergency responses, frustrating financial transactions and fueling public anger over the rising cost of digital connectivity.Across the country, subscriber -
IMF counsels FG against $5bn UAE loan, seeks higher taxes
via vanguardngr.com•Says 63% of Nigerians live in povertyBy Emma Ujah, Abuja Bureau ChiefThe International Monetary Fund (IMF) has advised the Federal Government against the proposed $5 billion loan from the First Abu Dhabi Bank (FADB) of the United Arab Emirates, warning that the financing arrangement carries significant risks.Speaking during the Nigeria 2026 Article IV briefing, IMF Resident Representative in Nigeria, Christian Ebeke, said: “On the TRS, Nigeria has market access. It carries risk -
Cybercrime still hits Nigeria’s digital economy hard
via vanguardngr.com…But Mastercard’s fixing something
By Prince OsuagwuNigeria’s digital economy is expanding at an unprecedented rate. Electronic payment transactions crossed the N1 quadrillion mark in 2024, fintech adoption is accelerating, government services are moving online, and businesses are becoming increasingly digital. Yet, alongside this transformation is cybercrime, a growing threat that is quietly draining billions of naira from the economy.
The reality is stark. Every new digital -
Can a country flourish without standards? By Usman Sarki
via vanguardngr.com“The power of Rome was attended with some beneficial consequences to mankind; and the same freedom of intercourse which extended the vices, diffused likewise the improvements of social life,” Edward GibbonLet me begin by stating that for the last forty years or so I have kept close to me the stupendous work of the great historian Edward Gibbon, The History of the Decline and Fall of the Roman Empire, whether here at home in Nigeria or during my years abroad. It has remained, in -
Who is Tinubu’s faceless ‘boss’? By Ochereome Nnanna
via vanguardngr.comUnder the 1999 Constitution, the President of Nigeria is the Commander-in-Chief of the Armed Forces. As the Chief Executive of the Federation, the Nigerian President is also often regarded as potentially one of the most powerful persons in the world. He can make or break anyone.Yet, we notice that not all Nigerian presidents are able to display the “omnipotence” of that office, especially in security matters. Northerners and Southerners don’t fit into that office the same -
What is wrong with our governors?
via vanguardngr.comBy Sunny Ikhioya Despite the statistics that they are churning out on a daily basis, it will be very difficult to write a positive report about this government because of the colossal waste of resources that is ongoing. The bandits and terrorists are destroying our land, the farmers are being driven out of their farms, the cost of living has gone up and the government appears helpless about the whole situation.
There is no light, so the people do not listen to news; the daily newspapers ha -
Protecting our markets from fire outbreaks
via vanguardngr.comThe recent fire that razed approximately 15 shops at Akpan Andem Market in Uyo, Akwa Ibom State, is a heart-wrenching reminder of the precarious existence of Nigerian market traders. The tragedy is particularly poignant because it was preventable. The fire truck meant to contain the blaze had no diesel, leaving traders to watch helplessly as their livelihoods turned to ashes.
This is the quintessential story of Nigerian markets, where traders operate in perpetual vulnerability. Nigerian markets -
After rescue of 416 captives in Borno, 11 more kidnapped women regain freedom
via vanguardngr.com…Jubilant Ngoshe stakeholders disclaim Kaigama as mediator over freed 416 captives….Hails Tinubu, Zulum, military l317 terrorists neutralised in one month—MilitaryBy Evelyn Usman & Ndahi MaramaBarely 24 hours after the rescue of 416 residents of Ngoshe community in Borno State, abducted during an invasion by suspected Boko Haram/ISWAP terrorists three months ago, a fresh wave of relief and emotion has swept across parts of the state ,as another set of captives regained f -
For Omo-Ettu, a slice of history for a new telecom policy, by Okoh Aihe
via vanguardngr.comThere is a way a little sense of history tries to educate and equip us with the capacity to withstand the present and shape the future.History tells us a little bit of who we are and the things that shape our being. History is stubborn. It paints the bad leader with deserved odious colours and reserves a good place for the deserving. In whatever realm, the appropriateness of history is unquestionable.When the Nigerian Communications Commission (NCC), from May 20, 2026, organised a two-day -
Ibadan kidnappers and long tale from Ogbomoso terrorists, by Rotimi Fasan
via vanguardngr.comThe entire drama that featured the abduction of Mrs. Olaide Busayo Adegoke John-Paul and her 12-year-old twin boys lasted for just three days, between Wednesday and Saturday. Those were tension-soaked days that served mostly to highlight or add to the pressure on a federal government that many had come to see as the very symbol of incompetence.
Abuja, for many, had failed to uphold the fundamental objective justifying the social contract between a state and the people: the assurance of the -
Ekiti Polls: INEC delists over 2,000 double registrants
via vanguardngr.comBy Omeiza AjayiABUJA: The Independent National Electoral Commission INEC has invalidated 2,103 voter registrations identified as cases of double registration ahead of the Ekiti State Governorship Election scheduled for Saturday, June 20, 2026.This was as the Commission expressed satisfaction with the overall state of its preparations for the poll.INEC Chairman, Prof. Joash Amupitan SAN, who disclosed this at the Commission’s Second Quarterly Consultative Meeting with leaders of po -
Creative ingenuity, Tech adoption earn filmmakers MTN’s N5m
via vanguardngr.comBy Prince Osuagwu, Hitech EditorThe power of compelling storytelling, amplified by creative talent and modern filmmaking technology, has once again demonstrated its value after telecommunications giant, MTN Nigeria rewarded the creators of an outstanding short film with a N5 million cash prize.
The recognition came at the 12th Africa Magic Viewers’ Choice Awards (AMVCA), where MTN Nigeria reaffirmed its commitment to nurturing emerging filmmakers and advancing African storytelling through -
Strait of Hormuz could be opened in 2, 3 days, if… —Trump
via vanguardngr.comBy Nkiruka Nnorom with agency reportThe US President, Donald Trump, has said the peace deal with Iran is in its final stages and suggested that the strait of Hormuz could open up in two or three days if an agreement with Tehran is secured.
“It will open up immediately upon signing,” he told reporters on the tarmac at JFK airport after watching the NBA Finals on Monday night, insisting that Iran will not be allowed nuclear weapons under the terms of a deal.
Trump said there are no &l -
June 12: How to deepen Nigeria’s democracy —Akpabio, Falana, others
via vanguardngr.comABUJA- THE Senate President, Godswill Akpabio; rights activist, Mr Femi Falana, SAN; the Executive Secretary of the National Human Rights Commission, NHRC, Mr Tony Ojukwu, SAN; a retired Justice of the Supreme Court, Justice Abdu Aboki, yesterday, proffered ways of deepening Nigeria’s democracy to ensure credible elections that produce leaders capable of delivering democratic dividends to the people.
They noted existing inadequacies but stressed that achieving electoral integrity requires -
Xenophobia: First batch of Nigerians arrives from S-Africa tomorrow
via vanguardngr.comBy Favour UleborAbuja—The Federal Government has announced that the first batch of Nigerians being evacuated from South Africa, following recent xenophobic attacks, would arrive Lagos tomorrow morning.
The Ministry of Foreign Affairs disclosed this in a statement by its spokesperson, Kimiebi Ebienfa, yesterday.
According to the ministry, the evacuees will depart the Oliver Thambo International Airport in Johannesburg this night aboard an Air Peace flight.
The ministry noted that the evacu -
Stakeholders commend peace move over Warri delineation dispute
via vanguardngr.comBy Egufe Yafugborhi & Ochuko AkuophaASABA — Stakeholders have commended the Ijaw, Itsekiri, and Urhobo ethnic groups for embracing renewed peace following tensions linked to the Independent National Electoral Commission (INEC) delineation of the Warri Federal Constituency in Delta State.The Niger Delta Concerned Stakeholders for Accountable Security and Progress also praised Governor Sheriff Oborevwori for mediating the dispute and ensuring what they described as an impartial and time
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