The 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
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Protecting our markets from fire outbreaks
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via vanguardngr.comVanguard NewsThe post Cartoon: June 12, 1993 – Who gave the order? appeared first on Vanguard News. -
Reforms not for ease but necessity, leakages reduced — Tinubu
via vanguardngr.comPresident Bola Tinubu has said that the economic reforms introduced by his administration were driven by necessity rather than ease, noting that they were aimed at restoring stability, improving fiscal discipline, and repositioning Nigeria’s economy for long-term growth.In his Democracy Day address, Tinubu said that three years ago, Nigeria’s public finances were under severe strain, investment was discouraged, and widespread economic uncertainty threatened national development. He -
Crime has no ethnicity, let us not assign blame or point fingers — Tinubu
via vanguardngr.comABUJA — President Bola Tinubu has urged Nigerians to avoid ethnic profiling and blame games in the fight against insecurity, insisting that crime has no ethnicity and the country must remain united to defeat terrorism and criminality.Speaking on national security, in his Democracy Day address, Tinubu said Nigeria has significantly upgraded its military operations, moving from joint training exercises with allies such as the United States, France and other European countries to precision-b -
NNPCL, security agencies intensify crackdown on pipeline vandals
via vanguardngr.comBy Udeme Akpan & Obas EsiedesaThe Nigerian National Petroleum Company Limited (NNPC Ltd.) and security agencies have intensified efforts to combat pipeline vandalism following the discovery of a damaged section of the Nigerian Pipelines and Storage Company (NPSC) crude oil pipeline at Pai Community, Kwali Area Council of the Federal Capital Territory (FCT), Abuja.The joint inspection involved NNPC’s Industry-wide Security Architecture (IWSA), NPSC, the Office of the Nationa -
Cardoso receives Central Bank of the Year Award
via vanguardngr.comBy Elizabeth AdegbesanThe Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has received the Central Bank of the Year Award at the Central Banking Awards ceremony held in London recently.Accepting the Award Cardoso expressed appreciation to Central Banking Publications and the award judges for the recognition. He dedicated the honour to the Board, management, and staff of the Bank for their steadfast commitment to institutional reform and economic stability.He -
Vote, build, work and code here, Tinubu urges Nigerian youths to stop leaving the country
via vanguardngr.comABUJA — President Bola Tinubu has appealed to Nigerian youths to remain in the country and contribute to its development, urging them to channel their talents, innovation and energy towards building a stronger nation rather than seeking opportunities abroad.The President made the appeal in his Democracy Day address, where he called on young Nigerians to take an active role in shaping the country’s future through work, entrepreneurship, technology and civic participation.Addressing t -
Businesses’ confidence in macroeconomy rises to 7.9 index points — CBN
via vanguardngr.comBy Elizabeth AdegbesanBusinesses’ confidence in the macro economy rose significantly to 7.9 index points in May 2026 from 3.9 index points in the preceding month of April 2026, even as insecurity, multiple taxation, and high interest rates continued to pose major operational challenges to businesses during the period.This was contained in the latest Central Bank of Nigeria’s Business Expectation Report, which showed that the respondents’ sentiment on the economy reflected -
Textile importation rises 17% to N267.7bn
via vanguardngr.comBy Yinka KolawoleThe value of textile materials imported into Nigeria rose by 17 per cent year-on-year, YoY, to N267.7 billion in the first quarter of 2026 (Q1’26), highlighting the country’s continued reliance on imported textile products despite efforts to revive local production.Data from the National Bureau of Statistics, NBS, showed that textile imports increased from N228.83 billion in Q1’25. On a quarter-on-quarter basis, imports also rose by 8.94 per cent from N24 -
Brevity Anderson, EICBI partner across Africa, Europe, India
via vanguardngr.comBy Sebastine ObasiBrevity Anderson UK and the Europe-India Centre for Business and Industry (EICBI) have formally executed a strategic Collaboration and Services Agreement establishing a framework for long-term cooperation in trade facilitation, investment promotion, stakeholder engagement, and international commercial development across Africa, the European Union, and India.The Agreement provides for collaborative activities including trade delegations, business matchmaking initiatives, c -
Tinubu approves 50,000 police recruits, hopeful on abducted pupils’ return
via vanguardngr.comABUJA — President Bola Tinubu has announced plans to recruit more than 50,000 new police officers and thousands of military personnel as part of measures to strengthen security across the country, while expressing hope for the safe return of schoolchildren abducted in Oyo and Borno states.Speaking in his Democracy Day address, Tinubu acknowledged that the celebration was overshadowed by recent cases of abduction involving schoolchildren but assured Nigerians that efforts were ongoing to s -
Lekki Port Phase 2 construction set for kick-off, says Lagos govt
via vanguardngr.comBy Godwin OritseLagos State Governor, Babajide Sanwo-Olu, has announced that work on Phase 2 of the Lekki Port project will commence soon, a move aimed at strengthening the state’s position as West Africa’s leading maritime and logistics hub.Speaking at the Invest Lagos Summit 3.0 held in Lagos earlier in this week, Sanwo-Olu highlighted the State’s commitment to expanding critical infrastructure and attracting investment.He explained that the expansion of the Port will s -
Nigeria’s monthly oil output rises 2.2%
via vanguardngr.comBy Obas Esiedesa, AbujaNigeria’s total oil production, comprising crude oil and condensates, increased by 2.2 per cent in May to 1.70 million barrels per day (bpd), while crude oil output exceeded the country’s OPEC production quota for the first time this year.Data released by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) on Thursday showed that combined oil production rose from 1.66 million bpd in April to 1.70 million bpd in May, consolidating Nigeria’s -
TCN seeks stronger legal protection for electricity infrastructure
via vanguardngr.comBy Mariam EkoThe Transmission Company of Nigeria (TCN) has called on the Federal Government and the National Assembly to strengthen legal protection for critical electricity infrastructure, saying vandalism, sabotage and encroachment on transmission corridors continue to threaten power supply and investments in the sector.Managing Director and Chief Executive Officer of TCN, Engr. Sule Ahmed Abdulaziz, made the call at a four-day Parliamentary/Stakeholders’ Engagement Summit on Power -
Bandits, Kidnappers, Sponsors of Terror: Surrender or face full force of State, Tinubu warns
via vanguardngr.comABUJA — President Bola Tinubu has issued a stern warning to bandits, kidnappers and sponsors of terrorism across the country, urging them to surrender or face the full force of the Nigerian state.The President delivered the warning while addressing the nation’s security challenges in his Democracy Day message, reaffirming his administration’s commitment to restoring peace and safeguarding lives and property.Tinubu expressed concern over recent incidents of insecurity, particul -
CBN bans linked financial entities from extending loans to each other
via vanguardngr.comBy Elizabeth AdegbesanThe Central Bank of Nigeria, CBN, has banned closely linked financial entities from extending loans or guaranteeing the obligations of one another without the bank’s prior approval.The apex bank disclosed this, yesterday, in its Exposure Draft on ring-fencing operations of closely linked entities in the Nigerian financial system.The apex bank stated: “Except with the prior written approval of the CBN, no closely linked entity shall extend a loan to, or gua -
Full text of President Bola Ahmed Tinubu’s Democracy Day address on Friday
via vanguardngr.comFellow NigeriansToday, we celebrate democracy and the enduring Nigerian spirit. For 27 unbroken years, since May 29, 1999, Nigerians have chosen their leaders through the ballot, witnessed peaceful transitions of power, and resolved disagreements in courtrooms and legislative chambers—not through violence. We have experienced the longest stretch of civilian rule in our history. Our democracy is not perfect, but it is ours, and we must continue to defend and strengthen it.In the coming day -
Dollar to Naira exchange rate today, June 12, 2026
via vanguardngr.comThe Nigerian naira traded within a relatively stable range against the United States dollar on Friday, June 12, 2026, across both the official Nigerian Foreign Exchange Market (NFEM) and the parallel market.Latest data from the Central Bank of Nigeria’s NFEM window showed the naira exchanging at around ₦1,362 to the dollar, following recent gains recorded in the official market during the week. Market data indicated that the official exchange rate had hovered between ₦1,360 an -
INEC fixes date for primaries in new Delta constituencies
via vanguardngr.comBy Jimitota OnoyumeThe Independent National Electoral Commission, INEC, has fixed June 16 to June 25, 2026, for political parties to conduct primaries in the newly created constituencies in Delta State, ahead of the 2027 general elections.
The constituencies are Warri South-West II, Warri North II, Aniocha North II, Ika North-East II, Sapele II and Ethiope West II.
INEC disclosed this in a statement issued by its National Commissioner and Chairman of the Information and Voter Education Committe -
Air Peace laments xenophobic attacks, backs evacuation of Nigerians
via vanguardngr.comWest Africa’s largest airline, Air Peace, has expressed sadness over the circumstances that necessitated the evacuation of Nigerian citizens in South Africa, describing the situation as unfortunate and deeply concerning.
Air Peac’s Chief Commercial Officer, Mr. Nowel Ngala, in a statement by the Spokesperson for the airline, Efe Osifo-Whiskey, reaffirmed the airline’s commitment to humanitarian service.
He said airline’s flying the returnees back to Nigeria aligned with
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