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'For commodification of naira, use cassava' [Pulse Explainer]
Bakare said to president Tinubu, 'For commodification of naira, use cassava,' and this is what he means...In a video, now gone viral, a young Nigerian journalist, Ayodeji Bakare is seen trying to grab President Bola Tinubu's attention as he repeatedly shouts "Mr. president, commodification of the naira for money policy, use cassava."This video has attracted the exxpected jestings from the Nigerian audience, with some wondering what this seemingly cryptic message could really mean.Well, Pulse is -
Newcastle vs Man City, Chelsea vs Arsenal or Crystal Palace in Carabao Cup semi-finals
via vanguardngr.comHolders Newcastle United have been drawn against eight-time champions Manchester City in the semi-finals of the Carabao Cup.In the other last-four tie, Chelsea will face either Arsenal or Crystal Palace, with their opponents to be confirmed on Tuesday, 23 December.Arsenal’s quarter-final clash with Palace was rescheduled to avoid Oliver Glasner’s side playing three matches in five days due to their Europa Conference League commitments on Thursday.The semi-finals will be played over -
FG indebtedness to GENCOs to hit N6.4trn by 2025
via vanguardngr.comBy Ediri EjohThere are indications that the Federal Government indebtedness to the power sector would hit N6.4 trillion by the end of 2025 from the current N6 trillion earlier reported in October, indicating an increase of 6.25 per cent.This came as investigation revealed that the debts which included legacy debt was incurred between 2015 and 2025 respectively.The Chairman of the Association of Power Generation Companies, APGC, Board, Col. Sani Bello (Retd), had expressed concerns over the -
Troops repel terrorists’ drone attack in Borno, rescue kidnapped Benue victim
via vanguardngr.comThe Nigerian Army troops operating under Operation Hadin Kai (OPHK), have repelled a terrorist drone attack on their position at Forward Operating Base (FOB) Molai in Delwa village, Konduga Local Government Area of Borno.A credible source at Army Headquarters told the News Agency of Nigeria (NAN) that the incident occurred on Dec. 16.According to the source, the terrorists deployed four armed drones with explosives but were successfully neutralised by the troops.The sources said that exploitati -
UBA partners CIG Motors, Lagride, launches $100m vehicle financing scheme
via vanguardngr.comBy Babajide KomolafeUnited Bank for Africa (UBA) Plc, has announced a $100 million financing partnership scheme with CIG Motors, Lagride and Lagos State Government, aimed at redefining urban mobility and promoting financial inclusion in Nigeria. By the partnership, tagged “Drive to Own”, UBA will be the key financier, offering loan subscriptions that will allow beneficiaries to own a CIG/Lagride vehicle by contributing an equity payment of just 10% of the total vehicle cost, wi -
Senate’s query about Safe Schools Project that must be answered
via vanguardngr.comBy Henry UmoruWhen Boko Haram terrorists abducted 276 school girls in Chibok, Borno State in 2014, one of the fallouts was the initiation of the Safe Schools Project and the subsequent launch of the Safe Schools Fund to implement policies and projects that are expected to prevent the recurrence of abduction of students and others in our schools.Read Also: Arrest, prosecute those funding insecurity, Labour demands; protests across statesThe seed money raised for the project shortly after it -
Fish output jumps to 1.4m tonnes as FG intensifies blue economy push
via vanguardngr.comBy Folarin Kehinde, AbujaNigeria’s local fish production has increased to 1.4 million metric tonnes from 1.1 million metric tonnes this year, signalling renewed momentum in the Federal Government’s drive to boost domestic output, cut imports and strengthen food security.Minister of Marine and Blue Economy, Adegboyega Oyetola, disclosed this in Abuja at the 4th Quarter 2025 Citizens/Stakeholders’ Engagement Meeting of the ministry, noting that the growth reflects deliberat -
Arrest, prosecute those funding insecurity, Labour demands; protests across states
via vanguardngr.comBy Victor Ahiuma-YoungThe Nigeria Labour Congress, NLC, yesterdays staged a nationwide protest over worsening insecurity in the country, insisting the federal government must urgently deploy “the full machinery of governance” to reclaim communities, protect workers and restore public confidence.Read Also: Bread prices: No significant drop in flour price, variables — BakersThey also asked the government to ensure that all those behind the funding of insecurity are arrested -
Customs imposes 3% fine on banks for late revenue remittance
via vanguardngr.comBy Godwin OritseThe Nigeria Customs Service (NCS) has imposed a three per cent penalty on Designated Banks that fail to remit collected revenue within the stipulated timelines, following the discovery of lapses in remittances processed on its B’odogwu platform.The Service said reconciliation of transactions revealed delays by some banks in transferring revenues due to the Federal Government, a development it noted undermines established remittance obligations and poses risks to the t -
Dollar to Naira exchange rate today, December 18, 2025
via vanguardngr.comThe Nigerian Naira maintained a steady yet cautious position against the United States Dollar today, December 18, 2025, as activity in both the official and parallel markets reflected the ongoing year-end demand for foreign exchange.Official Market Performance (NFEM)
In the Nigerian Foreign Exchange Market (NFEM), the Naira opened the trading day at approximately 1,453.25 per dollar. This follows a closing rate of 1,458.02 recorded on Wednesday, December 17. Early morning t -
Bread prices: No significant drop in flour price, variables — Bakers
via vanguardngr.comBy Lawani Mikairu Premium Breadmakers Association of Nigeria, PBAN, has refuted a viral social media post claiming that the price of flour has plummeted to between N35,000 to N40,000 per 50kg bag. The post further accuses bread makers of “wickedly” refusing to reduce the prices of bread to reflect the drop.Read Also: Court bars IGP, NPF from enforcing tinted glass permit policy nationwideA statement by Emmanuel Onyoh, General Secretary, PBAN, said that the claims are false, and -
Lekki Port hits 50% capacity milestone amid strong cargo growth
via vanguardngr.comBy Godwin OritseThe management of Lekki Deep Seaport has disclosed that the port now operate at close to 50 per cent of its trade capacity, with steady month-on-month growth in container throughput since September, 2025.
This is just as a recentlt released data from Nigeria’s “Trade by Top 10 Posts/Ports of Operation,” between first and third quarter of 2025 revealed that Lekki deep seaport handle an estimated N13.46 trillion in total trade value, combining imports and exports -
Arrest, prosecute those funding insecurity — Labour
via vanguardngr.comBy Victor Ahiuma-Young, Johnbosco Agbakwuru, Haruna Aliyu, Steve Oko, Bashir Bello, Shina Abubakar, Chinedu Adonu & Ochuko AkuophaABUJA — The Nigeria Labour Congress, NLC, yesterday staged a nationwide protest over worsening insecurity in the country, insisting the federal government must urgently deploy “the full machinery of governance” to reclaim communities, protect workers and restore public confidence.They also asked the government to ensure that all those behind the -
Gunmen kill soldier, abduct 13 passengers on Okene–Auchi highway
via vanguardngr.comGunmen disguised in military uniforms have killed a soldier and abducted 13 passengers during coordinated attacks on two commercial vehicles along the Okene–Auchi highway.According to Zagazola Makama, a counter-terrorism publication, the incident occurred at about 5:35 pm on Tuesday when gunmen intercepted a green Toyota Sienna, conveying nine passengers from Abuja to Delta State.The publication reported that six passengers were abducted from the vehicle, while three others were rescued.Z -
Gunmen kill 12 miners, abduct 3 in Plateau
via vanguardngr.comNo fewer than 12 persons have reportedly been killed, while three others were abducted after gunmen attacked miners in Fan community of Barkin Ladi LGA, Plateau State.According to Channels Television, the attack occurred at about 9 pm on Tuesday while they were engaged in “legal mining” activities. The incident also left five other miners injured.The assailants were said to have invaded the mining site in large numbers and opened fire on the miners, causing panic and leading to mult -
Court bars IGP, NPF from enforcing tinted glass permit policy nationwide
via vanguardngr.comBy Akpokona OmafuaireA Delta State High Court sitting in Orerokpe, yesterday, issued an ex-parte injunction stopping and barring the Inspector General of Police, IGP, the Nigeria Police Force, NPF, and Commissioner of Police, Delta State Police Command, respondents in the matter from resuming the enforcement of the tinted glass permit policy nationwide.The court also barred the police from harassing, arresting, detaining or extorting citizens and motorists on account of the said policy.The cour -
Christmas: Travellers decry highway extortion by fake council officials
via vanguardngr.comBy Emma Nnadozie, Crime EditorTravellers heading to various parts of the country for the Christmas festivities have raised the alarm over rampant extortion by hoodlums masquerading as local government officials on major highways.Those plying the eastern axis lamented that the hoodlums have taken over key sections of the Lagos–Onitsha Expressway, stopping motorists to demand radio licences or force them to pay arbitrary fines.Victims said the activities are most pronounced around Ore in Ond -
Four killed, women abducted in fresh Benue attacks
via vanguardngr.comBy Peter DuruMakurdi— At least four person have been reportedly killed, several women brutally tortured, and another declared missing following an attack by suspected armed herdsmen on Udei and Nzorov communities of Guma Local Government Area, LGA, of Benue State.The attacks reportedly occurred when a group of displaced persons went to fetch firewood at Tse Nyamkume Village along the Yogbo-Udei Road, Monday evening. The victims were said to be returning to Udei, where they had sought refu -
Contemporary law of tort, a major legal contribution — Olanipekun
via vanguardngr.comBy Innocent AnabaFormer president of the Nigerian Bar Association, NBA, Wole Olanipekun, has described the book, ‘Contemporary Law of Tort in Nigeria’, authored by Uche Obi, as “a remarkable contribution to the heart of legal practice.”Speaking at the unveiling of the book in Lagos, Olanipekun said: “Tort law affects the daily lives of ordinary Nigerians in ways many do not realise. By producing a modern and deeply researched text, Obi has given both the courts and -
Naira down to N1,492/$ in parallel market
via vanguardngr.comBy Elizabeth AdegbesanTHE Naira yesterday depreciated to N1,492 per dollar in the parallel market from N1,485 per dollar on Tuesday. Similarly, the naira depreciated to N1,458.02 per dollar in the Nigerian Foreign Exchange Market, NFEM.Data from the Central Bank of Nigeria, CBN, showed that the exchange rate for the naira rose to N1,458.02 per dollar from N1,457 per dollar on Tuesday, indicating N1.02 depreciation for the naira.Consequently, the margin between the parallel and official market w -
FG confirms release of Nigerian aircraft, soldiers after Tuggar meets Burkina Faso leader
via vanguardngr.comBy Favour Ulebor, AbujaThe Federal Government has confirmed the release of the Nigerian Air Force aircraft and 11 soldiers detained in Burkina Faso after a forced landing.Confirming the development on Wednesday night, the spokesperson of the Ministry of Foreign Affairs, Mr Kimiebi Ebienfa, said the aircraft and personnel had been released.He said, “Yes, they have been released.”The confirmation came after the Minister of Foreign Affairs, Mr Yusuf Tuggar, on Wednesday met Burkina Fas -
LP’s National Convention will hold Feb 28 — Sen Usman
via vanguardngr.com*Obi, Otti other stakeholders endorse planBy John AlechenuAbuja -The Senator Nenadi Usman-led Labour Party, LP, has released a timetable and schedule of activities to herald its preparations for the 2027 general elections.This was contained in a document dated November 17, 2025, which the party submitted to the Independent National Electoral Commission, INEC, which in turn acknowledged receipt on November 21, 2025.According to the timetable, the party said its National Convention will hold on F -
Dangote quake: Farouk falls
via vanguardngr.comBy Udeme Akpan, Energy Editor & Johnbosco AgbakwuruLAGOS — The oil and gas industry was, yesterday, thrown into confusion as the chief executives of the Nigerian Upstream Petroleum Regulatory Commission, NUPRC, Engr. Gbenga Komolafe and his downstream counterpart at the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, Engr. Farouk Ahmed resigned from their offices.The two agencies, NUPRC and NMDPRA have the statutory responsibility of ensuring compliance with -
Reps amend Electoral Act, strengthen INEC powers, defer contentious clause
via vanguardngr.comBy Gift ChapiOdekinaAbuja -The House of Representatives, yesterday, moved closer to overhauling Nigeria’s electoral framework, by approving and amending key clauses of the Electoral Act Amendment Bill aimed at strengthening the powers of the Independent National Electoral Commission, INEC, tightening electoral procedures and addressing gaps exposed during recent elections.The bill was considered clause-by-clause at plenary, with lawmakers adopting several provisions designed to enhance tr -
PDP in 2027 reset, begins internal reforms, renew grassroots push
via vanguardngr.com…We must close ranks — Wabara…No more impunity, no imposition, Turaki vowsBy Luminous JannamikeABUJA – The Peoples Democratic Party, PDP, yesterday, signalled the start of a broad political reset ahead of the 2027 general elections, pledging reconciliation, internal reforms and a renewed grassroots push as it positions itself as the main alternative to the ruling All Progressives Congress, APC.This message was delivered at the 83rd meeting of the PDP Board of Trustees, -
Emergency Powers: SANs dissect S-Court verdict on President Tinubu’s authority
via vanguardngr.comBy Henry OjeluThe Supreme Court’s judgment on the suit challenging President Bola Tinubu’s declaration of a state of emergency has triggered intense constitutional debate, reopening old questions about federalism, executive power and the fragility of democratic mandates. While the apex court struck out the case on grounds of locus standi, its pronouncements on Section 305 of the 1999 Constitution have divided senior lawyers.In this edition, Vanguard Law & Human Rights spoke to f -
Insecurity: Senate throws weight behind state police
via vanguardngr.com…Says all unlicensed mining companies should stop operations henceforthBy Henry UmoruABUJA-The Senate has backed the urgent establishment of State Police, citing the country’s growing population and the constitutional recognition of states as Chief Security Officers of their respective jurisdiction. It therefore, maintained states and LGs, must be empowered to control the security apparatus within their jurisdictions.The Senate recommended that states, with the support of the Feder -
Burkina Faso releases Nigerian aircraft, military personnel after Tuggar meeting
via vanguardngr.comBy Favour Ulebor, AbujaThe Federal Government has confirmed the release of the Nigerian Air Force aircraft and 11 personnel detained in Burkina Faso after a forced landing.Confirming the development on Wednesday night, the spokesperson of the Ministry of Foreign Affairs, Mr Kimiebi Ebienfa, said the aircraft and personnel had been released.He said, “Yes, they have been released.”The confirmation came after the Minister of Foreign Affairs, Mr Yusuf Tuggar, on Wednesday met Burkina Fa -
Oscars to stream exclusively on YouTube from 2029
via vanguardngr.comThe Oscars will be shown only on YouTube from 2029, the Academy said Wednesday, in a radical gambit for a movie industry that remains wary of streaming platforms even as viewing habits shift online.The new five-year deal means Hollywood’s most prestigious awards ceremony will be viewable exclusively online for the first time, ending a decades-long relationship with US broadcaster ABC.The decision will allow the Academy Awards to reach “the largest worldwide audience possible &m -
US criticises S.Africa ‘interference’ in Afrikaner resettlement
via vanguardngr.comWashington on Wednesday accused South Africa of “interference” in US efforts to admit white Afrikaners as “refugees” after the local government arrested seven Kenyans it said were not authorized to work in the country.“We have worked to operate the refugee program within the confines of the law, and South Africa has pledged on multiple occasions not to interfere in our operations — unfortunately, we have now seen interference,” an official from Presiden
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