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Flood alert: Lagos intensifies completion of deflooding projects

By Olasunkanmi Akoni Lagos State Government has moved to ensure timely completion of various ongoing deflooding projects across the metropolis as part of proactive measures to mitigate effects of flooding in the current and subsequent years. This comes as Federal Government released the 2026 Annual Flood Outlook (AFO), predicting floods to hit Lagos, Bayelsa, Delta, […]

United Nations’ FAO speaks at Vanguard Economic Discourse on agric sector

By Emeka Anaeto, Business Editor At the backdrop of a high profile public and private sector engagement over Nigeria’s agriculture and food sector, the Food and Agriculture Organisation (FAO) of the United Nations is set to lead discussions on the issues at stake in Nigeria’s capacity to feed itself. The 2026 edition of the Vanguard […]

Global Shocks: Edun warns against subsidy return, seeks cheaper financing

•Says high borrowing costs choking developing economies  •Urges Central Banks to balance monetary policy  •Says Developing countries pay more in debt than they receive  By Babajide Komolafe, Economy Editor Minister of Finance and Coordinating Minister of the Economy, Mr. Olawale Edun has warned against a return to subsidy regimes despite mounting global shocks, as he raised […]

MIDDLE EAST CRISIS: IMF cuts growth forecast for Nigeria’s economy to 4.1% 

•Cites, higher fuel, fertiliser prices, increased shipping costs By Babajide Komolafe, Economy Editor The International Monetary Fund (IMF) has lowered its growth forecast for Nigeria’s economic growth to 4.1 percent in 2026,  citing higher fuel, fertilizer prices and increased shipping costs triggered by the impact of the ongoing Middle East crisis.  The latest forecast for Nigeria […]

FG incurs N418bn power subsidy

By Mather Godwin  The Federal Government incurred a subsidy obligation of N418.79 billion in the fourth quarter of 2025, Q4’25 according to   data from the Nigerian Electricity Regulatory Commission, NERC). The electricity market regulator in its Q4’25 Quarterly report, noted that total amount invoiced by the GenCos for energy delivered to each DisCo and the Differential […]

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