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Destination for Business news and analysis from Africa's largest economy
Site URL: nairametrics.com/
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BREAKING: FG orders NPA to take over inland dry port functions from shippers’ council
Published: September 3, 2026 12:42
The Federal Government has directed the Nigerian Ports Authority (NPA) to take over the Inland Dry Port (IDP) functions currently handled by the Nigerian Shippers’ Council (NSC). The post BREAKING: FG orders NPA to take over inland dry port functions from…
LAMATA’s Quality Bus Corridor Project is Transforming Lagos Commutes
Published: September 3, 2026 12:17
Lagos, Nigeria's bustling megacity, is synonymous with traffic gridlock, chaotic danfo buses, and endless hours lost in congestion. The post LAMATA’s Quality Bus Corridor Project is Transforming Lagos Commutes appeared first on Nairametrics.
Chain Reactions Africa Ranks 3rd in Africa PR Index, Wins Large Consultancy Category
Published: September 3, 2026 12:12
Chain Reactions Africa, the Lagos-headquartered independent communications consultancy, has ranked third overall among Africa’s top five PR consultancies and emerged Champion in the Large Consultancy category in the inaugural PR Consultancy Performance…
BREAKING: Court orders IGP, AGF to grant Adeniyi Adeyemi access to lawyers
https://nairametrics.com/2026/09/03/court-orders-igp-agf-to-grant-adeniyi-adeyemi-access-to-lawyers/
Published: September 3, 2026 11:47
The Federal High Court in Abuja on Thursday ordered the Attorney-General of the Federation (AGF), the Inspector-General of Police (IGP), and the Nigeria Police Force to permit Adeniyi Adeyemi, who is linked to the alleged fake Presidential Foreign…
CBN cuts Nigerian Treasury Bills yield below 17%, lowest since June 3
Published: September 3, 2026 10:10
The Central Bank of Nigeria (CBN) allotted N865.71 billion at its Wednesday, September 2, 2026, Treasury Bills primary market auction, cutting the stop rate on the one-year bill to 16.84%, its lowest level since the June 3 auction, and the second straight…
Uber exit exposes the pitfalls of Tinubunomics
https://nairametrics.com/2026/09/03/uber-exit-exposes-the-pitfalls-of-tinubunomics/
Published: September 3, 2026 09:24
Uber’s decision to exit Nigeria adds another prominent multinational to the growing list of foreign businesses that have either left the country, sold their local operations or significantly changed their business models since 2023. The post Uber exit…
PalmPay Launches ‘PalmPay Dey For You’ with New Security Features
https://nairametrics.com/2026/09/03/palmpay-launches-palmpay-dey-for-you-with-new-security-features/
Published: September 3, 2026 09:11
PalmPay has launched ‘PalmPay Dey For You’, a customer-focused campaign reinforcing its commitment to secure, reliable, and accessible banking for millions of Nigerians. As conversations around the safety, stability, and reliability of financial…
Naira strengthens to N1,800/£ against British Pound, highest level in 7 months
Published: September 3, 2026 08:35
The British Pound is currently trading around N1,800/£ against the naira in the official market, the strongest level for the naira since late February. The post Naira strengthens to N1,800/£ against British Pound, highest level in 7 months appeared first…
Uber launches AI-powered robotaxis in London after exiting Nigeria
Published: September 3, 2026 08:10
Uber has launched autonomous ride-hailing services in London using AI technology developed by British startup Wayve, expanding its robotaxi footprint in Europe. The post Uber launches AI-powered robotaxis in London after exiting Nigeria appeared first on…
MTN outshines ISPs in fibre broadband, accounts for 55% of customers
Published: September 3, 2026 07:35
MTN Nigeria has emerged as the dominant player in Nigeria’s fibre broadband market, accounting for more than half of all Fibre to the X (FTTX) subscriptions in the second quarter of 2026. The post MTN outshines ISPs in fibre broadband, accounts for 55% of…
Transcorp Power seeks NERC approval for Maryam Bala Shehu’s board appointment
Published: September 3, 2026 07:28
Transcorp Power Plc has proposed the appointment of Mrs. Maryam Bala Shehu as an Independent Non-Executive Director, subject to approval by the Nigerian Electricity Regulatory Commission (NERC). The post Transcorp Power seeks NERC approval for Maryam Bala…
US targets more tech investment deals with Nigerian entrepreneurs
Published: September 3, 2026 07:23
The United States Consulate in Lagos says it is actively working to facilitate technology and investment partnerships between Nigerian entrepreneurs and American businesses. The post US targets more tech investment deals with Nigerian entrepreneurs…
Nigerian stocks lose N41 billion as large caps drag market lower
Published: September 3, 2026 07:16
Trading on the Nigerian Exchange Limited (NGX) on Wednesday, reversed earlier gains with the equities market closing marginally lower as losses in large and medium-capitalised stocks outweighed broad-based buying interest. The post Nigerian stocks lose N41…
Currency outside banks drops to N4.8 trillion in July, lowest in eight months
Published: September 3, 2026 07:13
Currency held outside Nigerian banks fell to N4.8 trillion in July 2026, its lowest level since November 2025, as the amount of cash circulating outside the banking system declined for the second consecutive month. The post Currency outside banks drops to…
CBN: Nigeria’s economic activity expands for third month as composite PMI rises to 52.7
Published: September 3, 2026 06:33
Nigeria’s overall economic activity expanded for the third consecutive month in August 2026, with the Composite Purchasing Managers’ Index (PMI) rising to 52.7 points from 51.1 points in July. The post CBN: Nigeria’s economic activity expands for third…
Femi Otedola’s First HoldCo stake soars to N1.82 trillion in market value
Published: September 3, 2026 06:05
The Chairman of First HoldCo Plc, Mr. Femi Otedola's disclosed and implied shareholding in the Tier 1 lender has jumped dramatically to N1.82 trillion in market value since the company's half-year (H1 2026) financial statements were filed with the Nigerian…
FG urged to cut aviation charges as high costs keep airfares out of reach
Published: September 3, 2026 05:52
The Federal Government has been advised to reduce aviation charges and taxes to lower airfares and make air travel more affordable in Nigeria. The post FG urged to cut aviation charges as high costs keep airfares out of reach appeared first on…
NGX Megacaps gain N46.69 trillion in market value in eight months of 2026
Published: September 3, 2026 05:46
Nine listed MegaCap companies added N46.69 trillion in market value between December 31, 2025 and August 31, 2026, as the largest stocks on the Nigerian Exchange (NGX) recorded substantial increases in market capitalization during the first eight months of…
BREAKING: Bolt vows to stay in Nigeria despite Uber exit, industry challenges
Published: September 2, 2026 20:04
Ride-hailing company, Bolt, has vowed to remain in Nigeria despite the exit of rival ride hailing company Uber and the challenges facing the country’s mobility industry. The company, in a statement shared with Nairametrics, said Nigeria remains an…
Adamawa approves N2.2 billion to procure fertiliser for dry-season farming
Published: September 2, 2026 18:48
The Adamawa State Government has approved N2.2 billion to procure assorted fertilisers for dry-season farming across the state. The post Adamawa approves N2.2 billion to procure fertiliser for dry-season farming appeared first on Nairametrics.
Dangote Cement to host investors in London ahead of LSE listing
https://nairametrics.com/2026/09/02/dangote-cement-to-host-investors-in-london-ahead-of-lse-listing/
Published: September 2, 2026 18:47
Dangote Cement Plc will host a Capital Markets Day (CMD) in London on September 21, 2026, as the company prepares for its proposed secondary listing on the London Stock Exchange (LSE). The post Dangote Cement to host investors in London ahead of LSE…
Uber to cut 3,300 jobs globally in major restructuring
https://nairametrics.com/2026/09/02/uber-to-cut-3300-jobs-globally-in-major-restructuring/
Published: September 2, 2026 16:45
Uber Technologies is set to cut about 3,300 jobs globally, representing roughly 10% of its workforce, as the ride-hailing company restructures its operations to reduce management layers and redirect spending towards growth and autonomous vehicle…
Royal Exchange appoints Geoffrey Ohen as Non-Executive Director
https://nairametrics.com/2026/09/02/royal-exchange-appoints-geoffrey-ohen-as-non-executive-director/
Published: September 2, 2026 16:13
Royal Exchange Plc has appointed Dr. Geoffrey C. Ohen as a Non-Executive Director of the company, effective July 23, 2026. The post Royal Exchange appoints Geoffrey Ohen as Non-Executive Director appeared first on Nairametrics.
Top 10 fastest growing sectors in Nigeria in Q2 2026
https://nairametrics.com/2026/09/02/top-10-fastest-growing-sectors-in-nigeria-in-q2-2026/
Published: September 2, 2026 15:19
Nigeria's economy grew 4.43% year-on-year in Q2 2026, its highest quarterly performance in five years, since Q3 2021, according to the Q2 GDP data from the Nigerian Bureau of statistics (NBS). The post Top 10 fastest growing sectors in Nigeria in Q2 2026…
BREAKING: Uber shuts down operations in Nigeria, Uganda
https://nairametrics.com/2026/09/02/uber-shuts-down-operations-in-nigeria-uganda/
Published: September 2, 2026 13:58
Global ride-hailing company Uber has announced plans to wind down its operations in Nigeria and Uganda, effective Wednesday, September 2, 2026. The post BREAKING: Uber shuts down operations in Nigeria, Uganda appeared first on Nairametrics.
Pivot Integrated Energy Services’ ₦100 billion debut commercial paper oversubscribed at ₦100.08 billion
Published: September 2, 2026 13:34
Pivot Integrated Energy Services Limited (“Pivot”), a leading indigenous integrated downstream energy company, has successfully completed its maiden ₦100 billion Series 1 Commercial Paper (“CP”) issuance under its ₦300 billion Commercial Paper Programme.…
PanAfrican Capital Foundation empowers young entrepreneurs through raising young entrepreneurs (RYE) boot camp
Published: September 2, 2026 13:06
PanAfrican Capital Foundation (PAC Foundation), the Corporate Social Responsibility arm of PanAfrican Capital Holdings, has successfully concluded the second edition of its Raising Young Entrepreneurs (RYE) Boot Camp, an initiative designed to equip young…
AU to launch African Credit Rating Agency on October 7
https://nairametrics.com/2026/09/02/au-to-launch-african-credit-rating-agency-on-october-7/
Published: September 2, 2026 12:20
The African Union (AU) has announced that the African Credit Rating Agency (AfCRA) will be officially launched on October 7, 2026. The post AU to launch African Credit Rating Agency on October 7 appeared first on Nairametrics.
BREAKING: SEC proposes N3 billion minimum capital for forex brokers, N5 billion for trading platforms
Published: September 2, 2026 12:07
The Securities and Exchange Commission (SEC) has proposed a new regulatory framework for online forex trading and Contracts for Difference (CFDs), setting minimum capital requirements of up to N5 billion for operators seeking to participate in Nigeria’s…
Why Nigerian startups are turning to debt over equity
https://nairametrics.com/2026/09/02/why-nigerian-startups-are-turning-to-debt-over-equity/
Published: September 2, 2026 11:35
Debt now accounts for a record 41% of all capital raised by African tech startups, up from just 17% in 2019, according to Partech Africa's annual venture capital report. The post Why Nigerian startups are turning to debt over equity appeared first on…
10 Years. ₦1.2bn. 40+ Tertiary Institutions by 2026. OPay Is Here to Stay
Published: September 2, 2026 11:21
For a Nigerian student, a scholarship can mean more than money. It can mean staying in school when a family is struggling to pay fees. It can mean being able to concentrate on lectures instead of worrying about how the next semester will be funded. For…
BREAKING: OPay asks DSS, Police to investigate shutdown rumour
https://nairametrics.com/2026/09/02/opay-asks-dss-police-to-investigate-shutdown-rumour/
Published: September 2, 2026 11:04
Fintech company OPay says it has requested that the Department of State Services (DSS) and the Nigeria Police launch investigations into recent false information circulating on social media that the company is shutting down. The post BREAKING: OPay asks…
UAE’s ePointZero enters Africa’s power generation market with 90% acquisition of Azura Power
Published: September 2, 2026 10:51
UAE-based energy infrastructure platform ePointZero is set to enter Africa’s power generation market after agreeing to acquire a 90% stake in pan-African independent power producer Azura Power. The post UAE’s ePointZero enters Africa’s power generation…
US may require parents to prove citizenship or immigration status for children’s passports
Published: September 2, 2026 10:27
The United States government may require parents and legal guardians to provide proof of their citizenship or immigration status when applying for passports for their children under new rules being considered by the State Department. The post US may…
Lagos land scarcity is pushing homes into the sky, Elara CEO
https://nairametrics.com/2026/09/02/lagos-land-scarcity-is-pushing-homes-into-the-sky-elara-ceo/
Published: September 2, 2026 10:06
As Lagos continues to grow and available land becomes increasingly constrained, the way homes are developed across the city is also beginning to change. The post Lagos land scarcity is pushing homes into the sky, Elara CEO appeared first on Nairametrics.
FCMB Honoured by ISACA for Advancing Digital Trust
https://nairametrics.com/2026/09/02/fcmb-honoured-by-isaca-for-advancing-digital-trust/
Published: September 2, 2026 09:11
First City Monument Bank (FCMB) has been honoured by the Lagos Chapter of the Information Systems Audit and Control Association (ISACA) for its contributions to technology governance, cybersecurity, risk management, audit, assurance, and digital trust in…
WHO rejects wide rollout of Ervebo Vaccine in deadly DR Congo Ebola outbreak
Published: September 2, 2026 09:10
The World Health Organization (WHO) has rejected the programmatic rollout of the Ervebo Ebola vaccine against the Bundibugyo strain currently driving the Democratic Republic of Congo’s deadliest Ebola outbreak, saying available evidence remains…
NGX dividend stocks: 4 qualification dates to watch as PZ offers N2.50
Published: September 2, 2026 08:57
Four companies listed on the Nigerian Exchange have dividend qualification dates scheduled across September and October 2026, giving eligible shareholders the opportunity to receive payouts from the companies before the year ends. The post NGX dividend…
Sunbeth Global Concepts Makes Nigerian Agribusiness History With IFRS-Aligned Sustainability Report
Published: September 2, 2026 08:48
Sunbeth Global Concepts (SGC), Nigeria’s leading agro-commodities exporter, has launched its inaugural 2025 Sustainability Report, becoming the first agricultural company in Nigeria, across both the public and private sectors, to voluntarily adopt the IFRS…
Businesses borrow more as private sector credit swells to N83.43 trillion
Published: September 2, 2026 08:45
Credit to Nigeria’s private sector increased by about N2.84 trillion between April and July 2026, reaching N83.43 trillion in July from N80.59 trillion in April. The post Businesses borrow more as private sector credit swells to N83.43 trillion appeared…
US-Iran tensions spark Safe-Haven rush as gold hits N190,000/g in Nigeria
Published: September 2, 2026 08:44
Gold last traded at N190,000 per gram in Nigeria (which is about N6.1 million per ounce) for 24k gold amid the ongoing tension between Iran and the United States The post US-Iran tensions spark Safe-Haven rush as gold hits N190,000/g in Nigeria appeared…
Naira breaks N1,330/$ barrier, hits strongest level in two years
https://nairametrics.com/2026/09/02/naira-breaks-n1330-barrier-hits-strongest-level-in-two-years/
Published: September 2, 2026 08:04
The naira strengthened to N1,329/$ on Tuesday, September 1, 2026, breaking below the N1,330/$ mark for the first time since 2024 The post Naira breaks N1,330/$ barrier, hits strongest level in two years appeared first on Nairametrics.
Airtel Africa adds the most market cap in August. Is it still worth buying?
Published: September 2, 2026 07:53
Airtel Africa added more market capitalisation than any other stock in August. Its shares rose 8.59%, taking the price from N5,801.40 at the end of July to N6,300 and adding about N1.87 trillion to its market value. The post Airtel Africa adds the most…
Iran-US renewed conflict pushes crude oil above $95 for the first time in five weeks
Published: September 2, 2026 07:28
Renewed military hostilities between the United States and Iran have pushed crude oil prices above $95 per barrel for the first time in five weeks, as concerns grow over potential disruptions to global oil supplies through the Strait of Hormuz. The post…
Customs schedules Sept. 7 to 15 for screening of ASC II, AIC candidates
Published: September 2, 2026 07:12
The Nigeria Customs Service (NCS) has scheduled physical screening and documentation for successful candidates in the Assistant Superintendent of Customs II (ASC II) and Assistant Inspector of Customs (AIC) cadres from September 7 to 15, 2026. The post…
BREAKING: Tony Elumelu’s stake in Seplat now worth $1.28 billion
https://nairametrics.com/2026/09/02/tony-elumelus-stake-in-seplat-now-worth-1-28-billion/
Published: September 2, 2026 06:57
The Chairman of Heirs Group, Mr. Tony O. Elumelu's stake in Seplat Energy Plc, held indirectly through Heirs Energies Ltd and Heirs Holdings Ltd, is now worth approximately $1.28 billion. The post BREAKING: Tony Elumelu’s stake in Seplat now worth $1.28…
NNPC profit falls 47.9% to N279 billion in July amid lower crude and gas output
Published: September 2, 2026 06:19
The Nigerian National Petroleum Company Limited (NNPC Ltd) recorded a profit after tax (PAT) of N279 billion in July 2026, representing a 47.9% decline from the N535 billion recorded in June. The post NNPC profit falls 47.9% to N279 billion in July amid…
Nigeria’s power reforms offer model for strengthening global energy security — Minister
Published: September 2, 2026 06:04
Nigeria’s power sector reforms could provide a model for developing economies seeking to strengthen energy security amid rising geopolitical tensions and fragmentation, Minister of Power Joseph Tegbe has said. The post Nigeria’s power reforms offer model…
Nigeria to develop homegrown ranking system for tertiary institutions
Published: September 2, 2026 05:44
The Federal Government has announced plans to strengthen Nigeria’s national tertiary institution ranking system and develop a credible framework that could serve as a benchmark for higher education institutions across Africa. The post Nigeria to develop…
Nigerian equities extend rally as ASI crosses 246,000 points, gain N1.22 trillion
Published: September 2, 2026 05:35
The Nigerian equities market sustained its bullish momentum on Tuesday, September 1, 2026, with the benchmark NGX All-Share Index (ASI) rising above the 246,000-point mark once again since August 11 when it closed at 246,723.57 points, extending gains from…
Africa50 appoints former IFC regional director Cheick-Oumar Sylla as CEO
Published: September 1, 2026 18:54
Africa50, the specialist African infrastructure investor, has appointed former International Finance Corporation (IFC) regional director Cheick-Oumar Sylla as Chief Executive Officer of its Project Development Fund. The post Africa50 appoints former IFC…
Lagos prime land costs $1 million for 507sqm, second most expensive in Africa
Published: September 1, 2026 18:20
The cost of acquiring prime land in Lagos is now about US$1 million for 507 square metres, making it the second-most expensive among 11 major African cities surveyed, according to a report by Estate Intel. The post Lagos prime land costs $1 million for…
JAMB, WAEC fix N4,000 fee for O’Level result verification
https://nairametrics.com/2026/09/01/jamb-waec-fix-n4000-fee-for-olevel-result-verification/
Published: September 1, 2026 17:37
The Joint Admissions and Matriculation Board (JAMB) and the West African Examinations Council (WAEC) have fixed the fee for O’Level result verification at N4,000, payable once during the tertiary admission process. The post JAMB, WAEC fix N4,000 fee for…
WIOCC secures $300 million from AFC, Vision Invest to expand Africa’s digital infrastructure
Published: September 1, 2026 17:36
WIOCC Group, a pan African carrier neutral digital infrastructure platform, has secured a combined $300 million investment from the Africa Finance Corporation (AFC) and Vision International Investment Company (Vision Invest) to accelerate its expansion…
Why Flood Preparedness Must Become a Habit
https://nairametrics.com/2026/09/01/why-flood-preparedness-must-become-a-habit/
Published: September 1, 2026 17:32
Every rainy season comes with a bittersweet story that has become a recurring decimal, year-on-year, decade-on-decade, and generation-on... The post Why Flood Preparedness Must Become a Habit appeared first on Nairametrics.
Only 31% of Lagos residents own homes as rents surge—Report
https://nairametrics.com/2026/09/01/only-31-of-lagos-residents-own-homes-as-rents-surge-report/
Published: September 1, 2026 17:26
Lagos has a homeownership rate of 31%, with 51% of residents living in rented accommodation, according to a report by Fortren & Company. The post Only 31% of Lagos residents own homes as rents surge—Report appeared first on Nairametrics.
Why the Naira’s Swings Send Nigerians to the Dollar
https://nairametrics.com/2026/09/01/why-the-nairas-swings-send-nigerians-to-the-dollar/
Published: September 1, 2026 17:09
Since the unification of exchange rate windows three years ago, the naira has traded within a defined range instead of following a clear trend. For Nigerian savers and traders, the focus has shifted from managing devaluation risk to adapting strategies for…
Elon Musk, Larry Ellison and other billionaires lose $23.5 billion in 24 hours
Published: September 1, 2026 16:38
Elon Musk, Larry Ellison, Michael Dell and Jeff Bezos recorded a cumulative $23.5 billion decline in their net worths in 24 hours, following movements in technology stocks in the market. The post Elon Musk, Larry Ellison and other billionaires lose $23.5…
Power outage hits Lekki, Ajah, Ibeju-Lekki as 12 feeders go down — EKEDP
Published: September 1, 2026 16:33
Eko Electricity Distribution Plc (EKEDP) has announced a power outage across the Lekki, Ajah and Ibeju-Lekki axis of Lagos State following a loss of supply affecting about 12 feeders. The post Power outage hits Lekki, Ajah, Ibeju-Lekki as 12 feeders go…
10 most expensive African cities to rent a 2-bedroom apartment in 2026
Published: September 1, 2026 16:19
The cost of renting a home varies significantly across African cities, with the average annual rent for a high-end two-bedroom apartment exceeding $40,000 in the continent’s most expensive rental market, according to a report by Fortren & Company. The…
Pivot Integrated Energy secures N100 billion in oversubscribed maiden Commercial Paper issuance
Published: September 1, 2026 15:05
Pivot Integrated Energy Services Limited has secured N100.08 billion from its maiden Commercial Paper (CP) issuance, marking the company’s first entry into Nigeria’s debt capital market. The post Pivot Integrated Energy secures N100 billion in…
Lagos homes to get 36GB monthly data as FG begins TV audience measurement
Published: September 1, 2026 15:04
The Federal Government has commenced the first phase of its national Audience Measurement System (AMS) in Lagos, with selected households set to receive monthly 36GB data incentives for participating in the new television audience measurement programme.…
Best performing Nigerian stocks for the month ended August 31
https://nairametrics.com/2026/09/01/best-performing-nigerian-stocks-for-the-month-ended-august-31/
Published: September 1, 2026 14:55
Nigerian equities closed August 2026 on a mixed note, with the benchmark NGX All-Share Index (ASI) declining 0.44% over the month, even as a strong finish on the final trading day largely driven by banking and consumer goods sector gains helped the market…
Where to invest in September 2026: Stocks, fixed income and assets to watch
Published: September 1, 2026 14:30
Nigeria is entering the month with stronger foreign exchange liquidity, external reserves above $53 billion, record formal diaspora inflows of $947 million in July, just $53 million short of the CBN's $1 billion monthly target, and the expected return to…
Nigeria’s money supply hits N138.78 trillion in July despite tight CBN policy
Published: September 1, 2026 13:49
Nigeria’s broad money supply (M3) increased to N138.78 trillion in July 2026, representing a 16% year-on-year rise from N119.89 trillion recorded in July 2025. The post Nigeria’s money supply hits N138.78 trillion in July despite tight CBN policy appeared…
How Nigeria achieved its fastest quarterly GDP growth in five years
Published: September 1, 2026 13:45
Nigeria’s economy recorded its strongest quarterly growth in five years in the second quarter of 2026, with real Gross Domestic Product (GDP) expanding by 4.43% year-on-year. The post How Nigeria achieved its fastest quarterly GDP growth in five years…
Nigeria’s private sector growth hits 29-month high at 54.3 – Report
Published: September 1, 2026 13:23
Nigeria’s private sector recorded its strongest improvement in business conditions in 29 months in August 2026, driven by a surge in new orders, stronger output and improved customer demand. The post Nigeria’s private sector growth hits 29-month high at…
8 NGX stocks set to pay dividends in September, MTN leads
https://nairametrics.com/2026/09/01/8-ngx-stocks-set-to-pay-dividends-in-september-mtn-leads/
Published: September 1, 2026 12:57
Eight companies listed on the Nigerian Exchange are set to distribute cash to shareholders in September 2026, spanning sectors including hospitality, real estate, telecommunications, financial services, consumer goods, logistics, publishing and education.…
Nigeria saved N15.8 trillion from subsidy removal; where did it go?
Published: September 1, 2026 12:49
Consider Comfort Okon, who has sold frozen fish and stockfish from the same corner stall in Onitsha’s main market for thirteen years, and who keeps a small transistor radio propped against a bag of crayfish for company through the slow hours of the…
MTN, Airtel push telecoms to 10.38% growth, N5.2 trillion GDP
https://nairametrics.com/2026/09/01/mtn-airtel-push-telecoms-to-10-38-growth-n5-2-trillion-gdp/
Published: September 1, 2026 09:33
Nigeria’s telecommunications and information services sector contributed N5.20 trillion to real Gross Domestic Product (GDP) in the second quarter of 2026, driven largely by leading players such as MTN and Airtel. The post MTN, Airtel push telecoms to…
NSIA’s Healthcare journey from vision to measurable impact – transforming healthcare in Nigeria
Published: September 1, 2026 09:00
At the Nigeria Sovereign Investment Authority (“NSIA” or “the Authority”), the mandate to deploy patient capital is anchored in a clear objective: to invest in sectors capable of delivering both long-term commercial returns and measurable national impact.…
Moody’s turns positive on Nigeria: What it means for SMEs and investors
Published: September 1, 2026 08:48
For small businesses and local investors, the useful questions are simpler. Is this good for Nigeria? Will it help a shop in Aba or a processor in Kaduna in any real way? The post Moody’s turns positive on Nigeria: What it means for SMEs and investors…
NGX closes August with 56.93% YTD gain as buying interest picks up
Published: September 1, 2026 08:41
Nigerian Exchange Limited (NGX) ended August on a positive note, with the All-Share Index (ASI) gaining 1.20 per cent on the final trading day to close the month with a year-to-date return of 56.93 per cent, despite profit-taking and portfolio rebalancing…
Nigerian stocks rebound, but September could change the game
https://nairametrics.com/2026/09/01/nigerian-stocks-rebound-but-september-could-change-the-game/
Published: September 1, 2026 08:41
Nigerian stocks mounted an aggressive recovery toward the end of the month, reversing a two-week slide after significant volatility in Open Market Operations (OMO), as the bourse continued to swing on renewed interest following sustained dips engineered by…
Lagos shortlet boom puts operators under pressure as supply keeps rising
Published: September 1, 2026 07:52
Shortlet operators in Lagos may face increasing pressure as more properties enter the market, making scale, cost management and marketing important to remaining competitive, according to Temidayo Oloyede, Co-founder and CEO of Edala Development. The post…
Nigeria’s power sector shrinks 10.63%, contracts for second straight quarter
Published: September 1, 2026 06:57
Nigeria’s electricity, gas, steam and air-conditioning supply sector contracted for the second consecutive quarter in 2026, shrinking by 10.63% year-on-year in real terms in Q2. The post Nigeria’s power sector shrinks 10.63%, contracts for second straight…
NSIA Insurance exits life business, transfers portfolio to CHI Life
Published: September 1, 2026 06:48
NSIA Insurance Ltd. has announced plans to operate exclusively as a non-life insurance company following the transfer of its life insurance portfolio to CHI Life Assurance Ltd. The post NSIA Insurance exits life business, transfers portfolio to CHI Life…
IATA: African airlines record weakest air cargo demand growth in July
Published: September 1, 2026 06:30
African airlines recorded the weakest air cargo demand growth among all regions in July 2026, with demand increasing by 1.1% year-on-year, according to the International Air Transport Association’s (IATA) latest air cargo market report. The post IATA:…
Nigeria’s textile, apparel and footwear sector shrinks for 9th straight quarter
Published: September 1, 2026 06:23
Nigeria’s textile, apparel and footwear subsector contracted for the ninth consecutive quarter in Q2 2026, declining by 1.23% year-on-year in real terms, according to the latest Gross Domestic Product (GDP) report released by the National Bureau of…
NUPRC retains $300 helicopter landing levy, waives TNC for offshore oil operations
Published: September 1, 2026 05:53
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has confirmed that the $300 helicopter levy per landing for air navigational services remains applicable to upstream petroleum operations, while the Terminal Navigational Charge (TNC) does not…
Nigerian equities extend rally, gain N1.91 trillion as ETI, Access Holdings lead advance
Published: September 1, 2026 05:36
Nigeria’s stock market sustained a renewed rally on Monday, August 31, 2026, with N1.91 trillion in gains, extending gains from previous sessions and closing the month of August with a minimal loss of about -0.4%. The post Nigerian equities extend rally,…
EFCC released N661.32 billion and $492.4 million to beneficiaries in 34 months — Olukoyede
Published: August 31, 2026 20:20
The Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has disclosed that the anti-graft agency released N661.32 billion and $492.37 million to beneficiaries in 34 months following recoveries. The post EFCC released N661.32…
Dangote refinery drives oil refining growth to record 43.94% in Q2
Published: August 31, 2026 19:50
Nigeria’s oil refining sector recorded its strongest quarterly growth in expanding by 43.94% year-on-year in the second quarter of 2026, as rising output from the Dangote Petroleum Refinery continued to lift domestic refining activity. The post Dangote…
Court unfreezes ‘4 accounts’ linked to N21 billion system glitch, faults police
Published: August 31, 2026 18:40
The Federal High Court in Abuja on Monday lifted freezing orders (Post-No-Debit) made against the bank accounts of four defendants linked to an alleged N21 billion system glitch in 2023 while faulting the police. The post Court unfreezes ‘4 accounts’…
FG launches “Hire from Nigeria” campaign, targets one million export-linked jobs in five years
Published: August 31, 2026 18:29
The Federal Government has launched the "Hire from Nigeria" campaign to market Nigeria's skilled workforce to global employers, targeting one million export-linked jobs over five years and positioning the country as a major hub for talent and services…
Gas Group targets NGX, expands into refining, gas infrastructure for AI-generated power
Published: August 31, 2026 17:25
Gas Group Plc, has announced plans to pursue a listing on the Main Board of Nigerian Exchange Limited (NGX) aimed at strengthening its corporate governance, enhance its visibility within Nigeria’s capital market and establish a platform for financing its…
FBNBank Senegal partners Dakar 2026 youth Olympic games, advancing youth development through First@sports
Published: August 31, 2026 17:16
FBNBank Senegal, a subsidiary of FirstBank Group, is pleased to announce its sponsorship of the Dakar 2026 Youth Olympic Games as the first Official Bank Partner of the event. The partnership reflects the Group’s longstanding commitment to empowering young…
Capitalfield investment group celebrates 23rd anniversary with free medical outreach in yaba
Published: August 31, 2026 17:05
In commemoration of its 23rd anniversary, Capitalfield Investment Group Limited (CIGL) has taken its commitment to community impact to the Yaba community with a free medical outreach at Lagos City College, Yaba. The initiative, organized as part of the…
African airlines lead global international capacity growth at 9% in July
Published: August 31, 2026 15:44
African airlines recorded the highest growth in international passenger capacity globally, rising 9.0% year-on-year in July 2026, according to the International Air Transport Association’s (IATA) latest passenger traffic report. The post African airlines…
PenCom engages Lagos govt over pension increase concerns
https://nairametrics.com/2026/08/31/pencom-engages-lagos-govt-over-pension-increase-concerns/
Published: August 31, 2026 15:34
The National Pension Commission (PenCom) says it has engaged with the Lagos State Government and the Lagos State Pension Commission (LASPEC) over concerns related to the administration of pensions under the Contributory Pension Scheme (CPS), particularly…
Ebola cases in DR Congo cross 6,000, death toll hits 2,911
https://nairametrics.com/2026/08/31/ebola-cases-in-dr-congo-cross-6000-death-toll-hits-2911/
Published: August 31, 2026 15:31
The number of confirmed Ebola cases in the Democratic Republic of Congo (DRC) has crossed 6,000, with the death toll rising to 2,911 as the country continues to battle its worst outbreak of the disease in history. The post Ebola cases in DR Congo cross…
Voltaa Mobility launches electric ride, delivery and B2B truck-rental platform in nigeria
Published: August 31, 2026 15:31
The Lagos-based company has launched an integrated mobility app combining chauffeur-driven electric rides, parcel delivery and interstate commercial truck rentals. Voltaa Mobility has launched its integrated mobility and logistics application, bringing…
Finance and insurance sector growth slows to 9.29% in Q2 2026 amid recapitalisation
Published: August 31, 2026 15:17
Nigeria’s finance and insurance sector recorded real growth of 9.29% in the second quarter of 2026, down from 16.13% in the corresponding period of 2025. The post Finance and insurance sector growth slows to 9.29% in Q2 2026 amid recapitalisation appeared…
Noor Takaful and Noor Health Distribute N427.96m Surplus to Participants
Published: August 31, 2026 15:10
Noor Takaful Insurance Limited, the pioneer and leading composite Takaful insurance firm in Nigeria, and its subsidiary, Noor Health Ltd., have distributed a combined total of Four Hundred and Twenty-Seven Million, Nine Hundred and Sixty-Three Thousand and…
Lanre Olusola Tasks C-Suite Leaders on Reputational Capital at PENGASSAN Energy and Labour Summit
Published: August 31, 2026 15:09
For corporate executives and business leaders navigating West Africa’s tightening regulatory environment and shifting investment climate, leadership expert and Chief Catalyst at OLCA Coaching Ltd, Dr Lanre Olusola, has delivered a timely assessment:…
Lady Doja Allen expands Cardinal Broadcasting with 93.5 Area FM
https://nairametrics.com/2026/08/31/lady-doja-allen-expands-cardinal-broadcasting-with-93-5-area-fm/
Published: August 31, 2026 14:56
Lady Doja Allen, the chief executive of Cardinal Broadcasting Limited, is expanding the company’s presence in Nigeria’s radio industry with the launch of 93.5 Area FM, adding a second station to the company’s portfolio. The post Lady Doja Allen expands…
NIGCOMSAT: Nigeria’s new satellites to track criminals, strengthen military communications
Published: August 31, 2026 14:32
The Nigerian Communications Satellite Limited (NIGCOMSAT) says its upcoming NigComSat-2A and 2B satellites will strengthen Nigeria’s security capabilities by supporting the tracking of criminals and providing more secure communication channels for military…
Ibom Air denies monopoly over Uyo airport, says it lacks authority
Published: August 31, 2026 14:24
Ibom Air has denied exercising a monopoly over Victor Attah International Airport in Uyo, saying it has no authority to prevent other airlines from operating from the airport. The post Ibom Air denies monopoly over Uyo airport, says it lacks authority…
Beyond the FTSE party: Five steps to deepen NGX
https://nairametrics.com/2026/08/31/beyond-the-ftse-party-five-steps-to-deepen-ngx/
Published: August 31, 2026 13:56
A few weeks ago I wrote a piece asking why NGX was still being built for a $200 billion economy when Nigeria wants a $1 trillion one. The post Beyond the FTSE party: Five steps to deepen NGX appeared first on Nairametrics.
US Embassy continues diplomatic, official visa processing in Abuja
Published: August 31, 2026 13:32
The U.S. Embassy in Abuja will continue to process diplomatic and official visas for eligible applicants, including A, G and C visa categories. The post US Embassy continues diplomatic, official visa processing in Abuja appeared first on Nairametrics.
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