Breaking News

Day: November 2, 2026

Power sector fix ‘ongoing work’ — APC-PCC; bonds can’t light homes, says ADC-PCC 

By Omeiza Ajayi & Luminous Jannamike ABUJA—The All Progressives Congress Presidential Campaign Council, APC-PCC, and African Democratic Congress Presidential Campaign Council, ADC-PCC, were yesterday locked in a verbal war over President Bola Tinubu’s declaration during his campaign in 2023 that if he failed to give Nigerians power, they should not re-elect him in 2027. Read…

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N70,000 allowance showdown: Civil servants fire back at TUC

*Insist FG-Labour agreement stands *JNPSNC reveals details of agreement, including 6-month transport allowance, others By Victor Ahiuma-Young Civil servants, under the aegis of Joint National Public Service Negotiating Council, JNPSNC, have defended the N70,000 transportation allowance agreement reached between the federal government and organised labour, insisting that the rejection of the deal by the Trade…

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Highly capitalised stocks push gain to N2trn in October 

*…as investors reap N4.5trn WoW  By Peter Egwuatu The Nigerian stock market strengthened Month-on-Month (MoM), in October 2026, as renewed buying interest in heavyweight stocks lifted the benchmark of the Nigerian Exchange, NGX Index above the 250,000-point psychological threshold.  Read Also: Banks raise lending rates for top borrowers despite CBN cuts The rally added N2.01…

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Why food security remains intractable

By DELE SOBOWALE Vanguard’s cartoonist, Oladejo Akande, on the Editorial page of the paper published a brilliant and comical piece about the high food import bill. A driver with a truck fully loaded with imported food chasing a Nigerian farmer out of the way, mockingly saying: “Stop wasting your time and energy!” It was comical…

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Banks raise lending rates for top borrowers despite CBN cuts

*Raise prime rates in 8 sectors, cut maximum rates *Agric, construction, manufacturing face higher rates  *Analysts warn of delayed impact of CBN rate cuts By Babajide Komolafe, Economy Editor Despite interest rate reductions by the Central Bank of Nigeria (CBN), banks have raised average prime lending rates in several key sectors of the economy, defying…

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