Vanguard Newspaper

Nigeria’s textile exports plunged sharply in 2025, dropping by 55.25 per cent to N16.55 billion from N36.98 billion recorded in 2024, even as the country’s importation of textile products surged significantly within the same period.

The Lagos Chamber of Commerce and Industry (LCCI) has said the marginal decline in Nigeria’s inflation rate offers cautious optimism for businesses and households, even as it warned that underlying risks could derail the fragile progress.

The Nigerian Ports Authority (NPA) has assured port users and stakeholders that ongoing review of the Electronic Truck Call-Up System, popularly known as ETO, will not disrupt port operations or cargo movement.

The Shipping  Association of Nigeria (SAN) has defended the recent increase in shipping and freight charges, attributing the adjustment to persistent inflationary pressures and volatility of the Naira against the US dollar and other foreign currencies. The association maintained that the rising cost environment has significantly impacted operational expenses across the maritime sector.

Nigeria’s oil output, including Condensate, has dropped month-on-month, MoM, by nine per cent to 1.483 million barrels per day, bpd in February 2026 from 1.627 million bpd in January 2026.

The Nigerian Naira maintained a relatively stable position against the US Dollar on Wednesday, March 18, 2026, as the foreign exchange market reacted to a significant surge in global oil prices and a milestone increase in the country’s external reserves.

The Director of the USNational Counterterrorism Center, Joe Kent, who advises both US President, Donald Trump and Director of National Intelligence on terror threats, has resigned over the war with Iran.

MAIDUGURI — Some survivors of Monday night’s bomb blasts in Maiduguri, Borno State, recounted their ordeals yesterday, describing the multiple explosions as reminiscent of a war situation.

The  Naira yesterday  appreciated  to N1,403 per dollar in the parallel market from N1,408 per dollar on Monday.