General news

• Whose time is it? By Patrick Omorodion

  09-08-2026 02:06 via vanguardngr.com
  
  There is a saying in our local parlance that ‘if one man own no spoil, another man own no go better’.? This means that “One man’s loss is another man’s gain.”In 2015, then president of FIFA, Joseph Sepp Blatter was in his fifth term as president of football’s world body when he ran into hot waters of financial scandals.He was investigated for a controversial 2-million Swiss franc payment made to then UEFA president Michel Platini.Both of them were tried
  
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• SEC launches campaign to recover unclaimed dividends, inherited assets

  10-08-2026 09:18 via vanguardngr.com
  
  By Obas EsiedesaThe Securities and Exchange Commission (SEC) has launched a nationwide campaign to help investors and beneficiaries recover unclaimed dividends and inherited investments, as part of efforts to strengthen investor protection and reduce dormant assets in Nigeria’s capital market.The initiative which was unveiled in Abuja through the Probate/Unclaimed Monies Awareness and Investor Clinic, seeks to educate investors, beneficiaries and estate executors on probate procedure
  
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• Nigerian Breweries’ revenue up 9% to N804 bn

  10-08-2026 09:13 via vanguardngr.com
  
  … restores retained earnings to positive  By Peter Egwuatu Nigerian Breweries Plc, Nigeria’s foremost brewing company, has announced a strong performance for the first half of the 2026, recording a group revenue of N804 billion, representing a 9% increase over the N738 billion reported in the corresponding period of 2025.The company has also restored its retained earnings to a positive position, further strengthening its financial health and reinforcing the succ
  
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• Truck owners seek refunds over cancelled E-Call-Up bookings

  10-08-2026 09:10 via vanguardngr.com
  
  By Godwin OritseThe Association of Maritime Truck Owners (AMATO) has demanded an urgent review of the Electronic Call-Up (ETO) system following recurring cancellations of paid truck bookings, describing the practice as unfair and contrary to consumer protection laws.AMATO said truckers incur avoidable losses whenever bookings expire due to operational delays beyond their control, forcing them to pay fresh booking fees.AMATO’s Head of Research and Technical, Adeshina Ajibola, argued t
  
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• Economic activities expand second straight month despite industry contraction — CBN

  10-08-2026 09:07 via vanguardngr.com
  
  By Elizabeth AdegbesanEconomic activity in Nigeria expanded for the second consecutive month in July 2026 as the Central Bank of Nigeria (CBN) Purchasing Managers’ Index (PMI) rose to 51.1 points, although the industrial sector remained in contraction.The CBN disclosed this in its latest PMI report, stating that the composite PMI edged up from the previous month to signal sustained improvement in overall business conditions.According to the report, 20 of the 32 subsectors surveyed re
  
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• Stock market extends rally as investors position for earnings season

  10-08-2026 09:03 via vanguardngr.com
  
  By Peter EgwuatuThe Nigerian stock market has sustained its positive momentum on Week-on-Week, WoW, as renewed buying interest in blue-chip stocks outweighed widespread profit-taking across the broader market. The benchmark, Nigerian Exchange (NGX) All-Share Index, ASI, closed marginally higher by 0.1%    at 245,573.60 points from 245,283.68 the previous week, arising from sustained institutional demand in fundamentally strong banking, consumer goods and energy stocks, even as ma
  
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• Tinubu’s reforms, temporary pains, lasting gains — Onanuga

  10-08-2026 08:36 via vanguardngr.com
  
  *… says APC deserves 2027 benefit of doubtBy Johnbosco AgbakwuruMr Bayo Onanuga is Special Adviser to President Bola Tinubu on Information and Strategy. In this interview, he talks about the temporary pains and lasting gains of the Tinubu administration’s reforms. He also speaks on the chances of the All Progressives Congress, APC, in the 2027 elections, as well as state police and the possibility of its implementation before the end of the President’s first four-year tenure.
  
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• Dollar to Naira exchange rate today, August 10, 2026

  10-08-2026 07:58 via vanguardngr.com
  
  The naira opened the new week relatively steady against the United States dollar across both the official Nigerian Foreign Exchange Market and the parallel market, with traders monitoring liquidity conditions and Central Bank interventions.Data from the Central Bank of Nigeria’s exchange rate portal showed the official NFEM rate trading around ₦1,362.55 per dollar, which remains the benchmark exchange rate for the formal market. The CBN says the NFEM rate is derived from the volume-
  
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• Nigeria spent N3.1trn on domestic debt servicing in Q1 – DMO

  10-08-2026 06:23 via vanguardngr.com
  
  The Debt Management Office, DMO, has said the federal government spent N3.14 trillion on servicing its domestic debt in the first quarter (Q1) of 2026.The office disclosed the data in its latest domestic debt service report for Q1 2026.The figure comprises N2.97 trillion in interest payments and N169.68 billion in principal repayments.The agency said in January, the government spent N741.82 billion on domestic debt service, while the figure rose to N967.67 billion in February.Debt service incre
  
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• Only 6 banks pay N1.27trn dividends despite huge profits

  10-08-2026 06:05 via vanguardngr.com
  
  ***t’s a conservative capital management strategy —CIS Boss
  ***CBN stopped the dividends —Adonri
  By Peter EgwuatuOnly six of Nigeria’s biggest listed banks rewarded shareholders with a combined N1.27 trillion dividend for the 2025 financial year, while five other profitable lenders were barred from making payouts after failing to meet the Central Bank of Nigeria’s prudential requirements.Financial Vanguard findings showed that GTCO, Zenith Bank, Stanbic I
  
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• Nigeria’s economy recovering after painful reforms —NRS

  10-08-2026 04:54 via vanguardngr.com
  
  ABUJA — The Nigeria Revenue Service, NRS, has said the Nigerian economy is showing strong signs of recovery and accelerated growth following a series of “painful” reforms implemented by President Bola Tinubu.The revenue service, in an internal report, said the economy had moved “decisively from acute macroeconomic distress toward a more stable and increasingly resilient footing.”According to the report, the improvement followed reforms introduced by the Tinubu admi
  
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• Credit to northern governors for NNSTF, by Suleiman A. Suleiman

  10-08-2026 04:28 via vanguardngr.com
  
  I have been much surprised that the Northern Nigeria Security Trust Fund (NNSTF), established last month by the Northern States Governors’ Forum (NSGF), has not generated as much public interest and debate as one would have expected for such a consequential policy. I think it should. First of all, the very idea of establishing a security fund represents a good example of responsive governance.
  Of course, it is belated: such a policy should have come sooner. For more than two decades
  
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• Louis Ogbeifun points oil workers, labour towards tomorrow, by Owei Lakemfa

  10-08-2026 04:27 via vanguardngr.com
  
  Life is in flux and labour in Nigeria is caught in its crosswinds. To navigate the strong currents of change, and produce a compass, the Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN, Port Harcourt Zone, turned to the union’s 2003–2005 president, Louis Brown Ogbeifun. They asked the 71-year-old former manager, Employee Relations of the conglomerate Nigeria National Petroleum Company, NNPC, to dissect the key issue of “Navigating Change.”Th
  
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• Osun, EFCC, and the darkness democracy must never invite

  10-08-2026 03:57 via vanguardngr.com
  
  By Moshood OshunfurewaDemocracy is often celebrated for its elections, vibrant campaigns, and peaceful transfer of power. Yet these visible features alone do not define a healthy democratic system. The true strength of democracy lies in the confidence citizens have in the institutions established to protect justice, uphold the rule of law, and ensure fairness. Institutions such as the judiciary, the police, electoral bodies, and anti-corruption agencies derive their legitimacy not merely f
  
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• Football is not for sale

  10-08-2026 03:57 via vanguardngr.com
  
  Football is the world’s most popular sport. It belongs to everyone. From dusty neighbourhood pitches to the grandeur of the FIFA World Cup, its appeal has always rested on the belief that sporting merit, not financial engineering, determines its destiny. That is why the reported proposal by FIFA under President Gianni Infantino to create a commercial vehicle for its premier competitions and sell a minority stake to private investors deserved the widespread resistance it encountered.Accord
  
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• Insecurity in Nigeria: A national emergency demanding collective resolve

  10-08-2026 03:50 via vanguardngr.com
  
  By KOLAWOLE OJELABINigeria today stands at a troubling crossroads. Across vast stretches of the country, fear has become a constant companion of ordinary citizens. From rural communities to urban centres, from highways once bustling with commerce to schools meant to nurture the next generation, insecurity has cast a long and ominous shadow over the national landscape. Kidnapping, terrorism, banditry, communal violence, armed robbery, and other manifestations of criminality have combined to
  
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• How Nigerian governments encourage corruption, by Dele Sobowale

  10-08-2026 03:17 via vanguardngr.com
  
  “NEITI audit report probe suffers setback in Senate.” VANGUARD, August 4, 2026The report by Henry Umoru also stated as follows:• As CBN, NDDC, NEITI, NUPRC shun committee’s summon.• You must appear on Thursday or we invoke our powers – SENATE.The news report, which most readers might have dismissed without much thought (if they read it at all), points to two of the cardinal reasons corruption has been institutionalized in public service. Presidents and Sta
  
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• Forced migration: The emerging humanitarian time bomb

  10-08-2026 02:59 via vanguardngr.com
  
  By Victor-Bandele DadaHuman history has always been accompanied by migration. Communities have moved in search of fertile land, economic opportunity, political freedom, religious liberty, and security. Migration, in itself, is therefore neither abnormal nor undesirable. Throughout history it has contributed to cultural exchange, economic development, technological diffusion, and the advancement of civilizations.Forced migration, however, represents a fundamentally different phenomenon. It
  
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• NRS Chairman Adedeji dismisses online report on Frontier Exploration Fund as sponsored fake news

  10-08-2026 01:53 via vanguardngr.com
  
  The Executive Chairman of the Nigeria Revenue Service (NRS), Zacch Adedeji, has dismissed online reports linking the NRS to an imaginary fraud related to the Frontier Exploration Fund, calling it sponsored fake news.The report had alleged the transfer of $279 million from the Fund’s account to some unnamed accounts and claimed that Adedeji and the NRS were in the know of the ‘illegal’ movement of money.According to the report, the alleged fraud had put Adedeji under pressure w
  
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• VGN pledges diaspora support for Okpebholo’s fight against cultism other crimes

  10-08-2026 01:52 via vanguardngr.com
  
  By Ozioruva AliuBENIN CITY – THE Vigilante Group of Nigeria (VGN), Manchester United Kingdom chapter weekend pledged its support to the Edo State government’s efforts to eradicate cultism, kidnapping and other crimes in the state.This pledge was made on during the official inauguration of Amb. Nosa Imadiyi as Coordinator of the VGN Manchester Chapter.The inauguration was officiated by the Diaspora Coordinator of the Vigilante Group of Nigeria, Ik Edokpolor who expressed appreciation
  
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• Glo marks 23rd anniversary with 23.18m active subscribers, NCC data show

  10-08-2026 01:37 via vanguardngr.com
  
  Globacom is marking its 23rd anniversary with 23,178,597 active subscribers, according to the latest industry statistics released by the Nigerian Communications Commission (NCC), reinforcing the operator’s position among Nigeria’s leading mobile network providers.The subscriber figure, contained in the NCC’s April 2026 statistics, comes as Glo celebrates 23 years since commencing operations on August 29, 2003. The data shows Nigeria recorded 188,009,171 active mobile subscript
  
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• Bandits demand N500,000 from Benue farmer before harvesting crops

  10-08-2026 00:48 via vanguardngr.com
  
  By Peter Duru, MakurdiA farmer in Kastina-Ala Local Government Area (LGA) of Benue State has been forced to abandon his farm after suspected bandits demanded N500,000 from him as a condition for accessing and harvesting his crops.The farmer, whose identity was not disclosed, is a resident of Mbagena Council Ward in Kastina-Ala LGA, where suspected local bandits have allegedly been terrorising residents and imposing ransom demands on members of the community.His son, a 300-level student of Benue
  
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• NCS uncovers 399 rifles in Tin Can port shipment

  10-08-2026 00:45 via vanguardngr.com
  
  The Nigeria Customs Service (NCS) says it uncovered 399 fully assembled Jojef firearms and assorted rifle parts following the detailed examination of a seized shipment at the Tin Can Island Port Command.The service made this known in a statement by its National Spokesperson, Abdullahi Maiwada, on Sunday in Abuja.Maiwada said the seizure was confirmed on Sunday after Customs completed the coupling and examination of the arms shipment, which was initially discovered as crates of knocked-down comp
  
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• Police probe death of Law School Student in Lagos hostel

  09-08-2026 23:26 via vanguardngr.com
  
  By Olasunkanmi AkoniLAGOS—The Lagos State Police Command has commenced an investigation into the death of a 23-year-old female student of the Nigerian Law School at the institution’s hostel in Victoria Island, Lagos.The incident reportedly occurred in the early hours of Friday, August 7, 2026, when the student, identified as Alayande Faith Ajoke, was found unresponsive within the hostel premises.According to police sources, the Chief Matron of the Nigerian Law School, Mrs Igbokwe Ju
  
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• Criminal Hideouts Clampdown: RRS nabs over 30 in Lagos

  09-08-2026 23:20 via vanguardngr.com
  
  By Olasunkanmi AkoniLAGOS—Operatives of the Lagos State Rapid Response Squad, RRS, have arrested more than 30 suspected miscreants during a midnight enforcement operation along the Lekki-Ajah Expressway.The operation, conducted on Sunday, was targeted at individuals allegedly causing disturbances and posing security concerns to motorists and other road users along the axis.The State Commissioner for the Environment and Water Resources, Tokunbo Wahab, disclosed the development on his Faceb
  
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• Super Falcons to face South Africa in World Cup play-off – date, time confirmed

  09-08-2026 23:11 via vanguardngr.com
  
  Nigeria’s Super Falcons will face South Africa’s Banyana Banyana in a crucial play-off as both teams battle for a route to the 2027 FIFA Women’s World Cup.The highly anticipated encounter is scheduled for Thursday, August 13, 2026, with kick-off set for 9pm Nigeria time.The match will be a major test for Nigeria after the Super Falcons lost 1-0 to Cameroon in their WAFCON quarter-final, a result that ended their hopes of securing an automatic ticket to the 2027 World Cup.South
  
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• FG sends Passport intervention team to UK to clear pending applications

  09-08-2026 23:01 via vanguardngr.com
  
  By Omeiza AjayiABUJA: The Federal Government has deployed a dedicated Passport Intervention Team from the Nigeria Immigration Service NIS Headquarters to the United Kingdom, as part of ongoing efforts to ease and streamline passport applications for Nigerians in the diaspora.According to the Service, Minister of Interior, Dr Olubunmi Tunji-Ojo, gave the directive to the Comptroller General of Immigration, Kemi Nandap.The statement said the Intervention Team is scheduled to arrive in the United
  
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• Burkina Faso thrash Flying Eagles 4-1, end Nigeria’s World Cup hopes

  09-08-2026 22:21 via vanguardngr.com
  
  Nigeria’s Flying Eagles have been knocked out of the race for the 2027 FIFA U-20 World Cup after suffering a heavy 4-1 defeat to Burkina Faso in the final of the 2026 WAFU Zone B U-20 Championship.The defeat at the Stade Charles Konan Banny in Yamoussoukro, Côte d’Ivoire, also ended Nigeria’s hopes of qualifying for the 2027 U-20 Africa Cup of Nations.The WAFU Zone B final carried added importance, as the winner was guaranteed a place at the 2027 U-20 AFCON, which will s
  
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• Breaking: Burkina Faso thrash Flying Eagles 4-1, end Nigeria’s World Cup hopes

  09-08-2026 22:21 via vanguardngr.com
  
  Nigeria’s Flying Eagles have been knocked out of the race for the 2027 FIFA U-20 World Cup after suffering a heavy 4-1 defeat to Burkina Faso in the final of the 2026 WAFU Zone B U-20 Championship.The defeat at the Stade Charles Konan Banny in Yamoussoukro, Côte d’Ivoire, also ended Nigeria’s hopes of qualifying for the 2027 U-20 Africa Cup of Nations.The WAFU Zone B final carried added importance, as the winner was guaranteed a place at the 2027 U-20 AFCON, which will s
  
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• FG deploys special guards to protect Lagos-Calabar highway

  09-08-2026 22:02 via vanguardngr.com
  
  Appoints retired Gen Shodunke to lead teamBy Olasunkanmi AkoniLAGOS — The Federal Government has inaugurated a dedicated security team, Coastal Highway Guards, to protect the Lagos-Calabar Coastal Highway against vandalism and other unauthorised activities.The initiative was launched on Sunday by the Minister of Works, Senator David Umahi, with an initial deployment of 40 officers.The development was announced in a statement posted on X by the Senior Special Assistant on New Media to the
  
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