Stay ahead with curated market intelligence

The Pan African Manufacturers Association (PAMA) has applauded the allocation of up to five percent of Nigeria’s Groos Domestic Product (GDP) to industrial financing under the newly launched industrial policy (NIP), noting it will potentially reduce capital costs for manufacturers and encourage large-scale investments. The association stated in its February 2026 News Bulletin that the […] The post 5% GDP allocation to industrial financing, boost for manufacturing – PAMA appeared first on Vanguard News.

By Yinka Kolawole 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. Data obtained from the National Bureau of Statistics (NBS) showed that while export earnings from textile products declined […] The post Textile exports crash 55.3% to N16.55bn as imports hit N1.06trn appeared first on Vanguard News.

By Yinka Kolawole 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. In its reaction to the latest Consumer Price Index (CPI) report yesterday, LCCI noted that headline inflation […] The post Slight inflation decline offers cautious optimism for businesses — LCCI appeared first on Vanguard News.

By Godwin Oritse 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 Authority gave the assurance following the expiration of its agreement with Truck Transit Park Ltd (TTP), the firm managing the […] The post Apapa traffic system review won’t disrupt ports — NPA appeared first on Vanguard News.

By Godwin Oritse 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. […] The post Shipping firms defend freight hike, cite inflation and FX pressures appeared first on Vanguard News.

•As NUPRC shortlists investors for 50 oil blocks By Udeme Akpan, Energy Editor 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 Upstream Petroleum Regulatory Commission, NUPRC, disclosed this yesterday in its report – […] The post Nigeria’s oil output drops 9% to 1.483m bpd appeared first on Vanguard News.

The Confederation of African Football said its appeals board ruled that Senegal is “declared to have forfeited the final” and its 1-0 win in extra time becomes a 3-0 default win for host nation Morocco.

Coordinated blasts by suspected suicide bombers tore through a busy market and other areas in the Nigerian city of Maiduguri, killing at least 23 people and wounding more than 100 others, in one of the worst recent attacks on the capital of Borno state.

Each Ramadan, members of Senegal’s Baye Fall gather in their holy city of Touba to cook and distribute Iftar meals.

The Republic of Congo ’s President Denis Sassou N’Guesso has been reelected for a fifth consecutive term, according to provisional results announced Tuesday by the authorities.