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Nairametrics Live Updates
22 Sept, 19:48
CBN 350bps MPR cut to drive equities demand as investors rotate from fixed incomeNigeria’s equities market could see stronger investor demand following the Central Bank of Nigeria’s (CBN) decision to cut its benchmark interest rate by 350 basis points to 23%.The rate cut, announced after the Monetary Policy Committee’s 307th meeting, represents the second MPR reduction in 2026 and a significant easing of monetary conditions.Read more https://nairametrics.com/2026/09/22/cbn-350bps-mpr-cut-to-drive-equities-demand-as-investors-rotate-from-fixed-income/NairametricsCBN 350bps MPR cut to drive equities demand as investors rotate from fixed incomeNigeria’s equities market could see stronger investor demand following the Central Bank of Nigeria’s (CBN) decision to cut its benchmark interest rate by 350 basis points to 23%.Nairametrics Live Updates
22 Sept, 19:34
Dangote plans to cancel one of two of his planned business to fund Africa's power sector.Watch this video for more insights.Nairametrics Live Updates
22 Sept, 19:12
Nigeria’s foreign reserves cross $55 billion, highest in over 18 years – CardosoNigeria’s foreign reserves have crossed $55 billion, reaching their highest level in more than 18 years, according to Central Bank of Nigeria (CBN) Governor Olayemi Cardoso.Cardoso announced the development at a news conference on Tuesday, following the 307th meeting of the Monetary Policy Committee (MPC) in Abuja.Read more https://nairametrics.com/2026/09/22/nigerias-foreign-reserves-cross-55-billion-highest-in-over-18-years-cardoso/NairametricsNigeria’s foreign reserves cross $55 billion, highest in over 18 years – CardosoNigeria’s foreign reserves have crossed $55 billion, reaching their highest level in more than 18 years, according to Central Bank of Nigeria (CBN) Governor Olayemi Cardoso.Nairametrics Live Updates
22 Sept, 18:46
CBN says MPR reset due to disconnect with market ratesThe Central Bank of Nigeria (CBN) has explained why it “reset” the Monetary Policy Rate (MPR) from 26.5% to 23%, saying the previous benchmark had become disconnected from the rates actually used in the financial markets.This is contained in an explanatory note on the decisions of the Monetary Policy Committee (MPC), a copy of which was obtained by Nairametrics following the committee’s 307th meeting in Abuja.Read more https://nairametrics.com/2026/09/22/cbn-says-mpr-reset-due-to-disconnect-with-market-rates/NairametricsBREAKING: CBN says MPR reset due to disconnect with market ratesThe Central Bank of Nigeria (CBN) has explained why it “reset” the Monetary Policy Rate (MPR) from 26.5% to 23%, saying the previous benchmark had become disconnected from the rates actually used in the financial markets.Nairametrics Live Updates
22 Sept, 17:35
NMDPRA threatens licence revocation for petrol stations under-dispensing productsThe Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has warned petrol station operators nationwide that persistent or serious cases of under-dispensing could lead to sanctions, including revocation of their licences.The warning was disclosed by the NMDPRA on September 22 in a post on its official X account, as the Authority announced intensified inspections and enforcement activities across the country.Read more https://nairametrics.com/2026/09/22/nmdpra-threatens-licence-revocation-for-petrol-stations-under-dispensing-products/NairametricsNMDPRA threatens licence revocation for petrol stations under-dispensing productsThe Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has warned petrol station operators nationwide that persistent or serious cases of under-dispensing could lead to sanctions, including revocation of their licences.Nairametrics Live Updates
22 Sept, 17:01
Experts: FG tariff freeze could deepen electricity market revenue pressureThe Federal Government’s decision not to increase electricity tariffs in the immediate term could leave Nigeria’s electricity market facing a persistent revenue shortfall, as DisCos have limited scope to raise collections through higher tariffs while the cost of supplying electricity continues to exceed revenue recovered from consumers.Read more https://nairametrics.com/2026/09/22/experts-fg-tariff-freeze-could-deepen-electricity-market-revenue-pressure/NairametricsExperts: FG tariff freeze could deepen electricity market revenue pressureThe Federal Government’s decision not to increase electricity tariffs in the immediate term could leave Nigeria’s electricity market facing a persistent revenue shortfall, as DisCos have limited scope to raise collections through higher tariffs while the…Nairametrics Live Updates
22 Sept, 15:26
ICYMI. LUNCH STORIESUNGA: ‘Leaders prioritise what matters most’- Elumelu https://nairametrics.com/2026/09/22/unga-leaders-prioritise-what-matters-most-elumelu/Nigeria Customs floors Laurium Mining Company as Court dismisses N34 million import waiver suit https://nairametrics.com/2026/09/22/nigeria-customs-floors-laurium-mining-company-as-court-dismisses-n34-million-import-waiver-suit/Nigerian Stocks Blasts Past 250,000 Ceiling ahead of Dangote refinery Listing https://nairametrics.com/2026/09/22/nigerian-stocks-blasts-past-250000-ceiling-ahead-of-dangote-refinery-listing/Oil falls to two-week low after Iran signals plans to re-open strait within seven days https://nairametrics.com/2026/09/22/oil-falls-to-two-week-low-after-iran-signals-plans-to-re-open-strait-within-seven-days/$5 billion swap deal raises questions despite Nigeria’s record $54.6 billion reserves https://nairameNairametricsUNGA: 'Leaders prioritise what matters most'- ElumeluTony Elumelu, Chairman of Heirs Holdings, has said leaders make decisions about how to allocate their time based on the issues and responsibilities they consider most important.Nairametrics Live Updates
22 Sept, 14:47
Interest rate has been cut by 350bps!!!!Do you agree with the decision to cut rates?Nairametrics Live Updates
22 Sept, 14:36
The Nairametrics Wealth Academy kicks off on Monday, September 28th. Our faculty of seasoned market practitioners is ready to equip you with practical strategies for making smarter, data-driven investment decisions.Secure your seat now before enrolment closes!Click here to register: academy.nairametrics.com/?l=dCall/WhatsApp Princewill: 08066465322 Email: princewill.ugwu@nairametrics.com
Nairametrics Live Updates
22 Sept, 13:15
BREAKING NEWS🚨🚨🚨The Central Bank of Nigeria (CBN) cut the Monetary Policy Rate (MPR) to 23% from 26.50%.
Nairametrics Live Updates
22 Sept, 11:20
US expands social media checks to foreign media journalists, other visa applicants from Oct 1The United States will expand mandatory social media screening to I, TN and TD visa applicants from October 1, 2026, requiring applicants in the affected categories to make their social media profiles public or open.The new requirement will apply to I visa applicants, including foreign journalists and other foreign media representatives, as well as TN professionals and TD dependents under the United States-Mexico-Canada Agreement (USMCA), Travel Biz reported.Read more https://nairametrics.com/2026/09/22/us-expands-social-media-checks-to-foreign-media-journalists-other-visa-applicants-from-oct-1/NairametricsUS expands social media checks to foreign media journalists, other visa applicants from Oct 1The United States will expand mandatory social media screening to I, TN and TD visa applicants from October 1, 2026, requiring applicants in the affected categories to make their social media profiles public or open.Nairametrics Live Updates
22 Sept, 11:11
Stock Buy Recommendations: BUA Cement, UBA and MTN top brokers’ late-September listBUA Cement, UBA and MTN Nigeria have emerged among brokers’ leading stock picks for late September as analysts continue to identify buying opportunities despite the Nigerian equities market trading at record levels.A Nairametrics review of recommendations from six brokerage firms showed that the three stocks received positive ratings from at least four brokers.Read more https://nairametrics.com/2026/09/22/stock-buy-recommendations-bua-cement-uba-and-mtn-top-brokers-late-september-list/NairametricsStock Buy Recommendations: BUA Cement, UBA and MTN top brokers’ late-September listBUA Cement, UBA and MTN Nigeria have emerged among brokers’ leading stock picks for late September as analysts continue to identify buying opportunities despite the Nigerian equities market trading at record levels.Nairametrics Live Updates
22 Sept, 10:15
Dangote dismisses monopoly claims, says refining opportunity was open to allAliko Dangote, Chairman of Dangote Group, has dismissed accusations that he is running a monopoly in Nigeria’s oil refining sector, insisting that the opportunity to invest was available to everyone, including foreign investors.He made the remarks during an interview with Al Jazeera.Read more https://nairametrics.com/2026/09/22/dangote-dismisses-monopoly-claims-says-refining-opportunity-was-open-to-all/NairametricsDangote dismisses monopoly claims, says refining opportunity was open to allAliko Dangote, Chairman of Dangote Group, has dismissed accusations that he is running a monopoly in Nigeria's oil refining sector, insisting that the opportunity to invest was available to everyone, including foreign investors.Nairametrics Live Updates
22 Sept, 08:46
CBN data localisation push could make Nigeria Africa’s data hub—OADC CEOThe Central Bank of Nigeria’s directive requiring banks and fintechs to host their data in Nigeria by January 2027 is creating fresh demand for local data centre and cloud infrastructure, while raising questions about capacity, resilience and power.For Ayotunde Coker, CEO of Open Access Data Centres (OADC), the policy could do more than bring financial institutions’ data back home.Read more https://nairametrics.com/2026/09/22/cbn-data-localisation-push-could-make-nigeria-africas-data-hub-oadc-ceo/NairametricsCBN data localisation push could make Nigeria Africa’s data hub—OADC CEOThe Central Bank of Nigeria’s directive requiring banks and fintechs to host their data in Nigeria by January 2027 is creating fresh demand for local data centre and cloud infrastructure, while raising questions about capacity, resilience and power.Nairametrics Live Updates
22 Sept, 08:21
Credit to government declines for third consecutive month, falls to N32.7 trillion in AugustCredit to the government declined for the third consecutive month, falling to N32.7 trillion in August 2026.This is according to the latest data from the Central Bank of Nigeria (CBN).The decline came as credit to the private sector increased to N84.55 trillion, although it remained below the N94.61 trillion recorded in February 2026.Read more https://nairametrics.com/2026/09/22/credit-to-government-declines-for-third-consecutive-month-falls-to-n32-7-trillion-in-august/NairametricsCredit to government declines for third consecutive month, falls to N32.7 trillion in AugustCredit to the government declined for the third consecutive month, falling to N32.7 trillion in August 2026.Nairametrics Live Updates
22 Sept, 07:30
SUNU Assurances appoints TAC Professional Services as new external auditorsSUNU Assurances Nigeria Plc has appointed TAC Professional Services as its new External Auditors, following the retirement of SIAO Partners, which completed the maximum eight-year tenure permitted under the National Insurance Commission’s (NAICOM) Corporate Governance Guidelines 2021.Read more https://nairametrics.com/2026/09/22/sunu-assurances-appoints-tac-professional-services-as-new-external- auditors/NairametricsSUNU Assurances appoints TAC Professional Services as new external auditorsSUNU Assurances Nigeria Plc has appointed TAC Professional Services as its new External Auditors, following the retirement of SIAO Partners, which completed the maximum eight-year tenure permitted under the National Insurance Commission’s (NAICOM) Corporate…Nairametrics Live Updates
22 Sept, 07:00
FTSE Russell reclassification fuels Nigerian equities to record 60.76% YTD gainThe Nigerian equities market entered a new chapter on Monday, September 21, 2026, after the NGX benchmark All-Share Index hit 250,156.80 points with the year-to-date returns reaching 60.76% after 0.14% daily gain, lifting total equities market capitalization to N162.39 trillion, the highest level ever seen in the twin performance indicators.Read more https://nairametrics.com/2026/09/22/ftse-russell-reclassification-fuels-nigerian-equities-to-record-60-76-ytd-gain/Powered by VFD Group PLCNairametricsFTSE Russell reclassification fuels Nigerian equities to record 60.76% YTD gainThe Nigerian equities market entered a new chapter on Monday, September 21, 2026, after the NGX benchmark All-Share Index hit 250,156.80 points with the year-to-date returns reaching 60.76% after 0.14% daily gain, lifting total equities market capitalization…Nairametrics Live Updates
22 Sept, 06:50
Afreximbank, ATDC sign $500 million Global Credit Facility to expand African tradeThe African Export-Import Bank (Afreximbank) and the Africa Trading and Distribution Company (ATDC) have signed a $500 million Global Credit Facility aimed at strengthening the trade, movement and distribution of commodities across Africa and international markets.Read more https://nairametrics.com/2026/09/22/afreximbank-atdc-sign-500-million-global-credit-facility-to-expand-african-trade/NairametricsAfreximbank, ATDC sign $500 million Global Credit Facility to expand African tradeThe African Export-Import Bank (Afreximbank) and the Africa Trading and Distribution Company (ATDC) have signed a $500 million Global Credit Facility aimed at strengthening the trade, movement and distribution of commodities across Africa and international…Nairametrics Live Updates
22 Sept, 06:46
Dangote targets $10 billion power investment, considers cancelling steel businessAliko Dangote has disclosed plans to invest more than $10 billion in power, as he identified electricity as critical to Africa’s economic growth.Dangote made the disclosure during an interview with Al Jazeera on Monday, where he said he expects a major transformation across Africa over the next three to four years.Read more https://nairametrics.com/2026/09/22/dangote-targets-10-billion-power-investment-considers-cancelling-steel-business/NairametricsDangote targets $10 billion power investment, considers cancelling steel businessAliko Dangote has disclosed plans to invest more than $10 billion in power, as he identified electricity as critical to Africa's economic growth.Nairametrics Live Updates
21 Sept, 21:24
ICYMI. DINNER STORIESAccess Bank redeems $500 million Eurobond at maturity https://nairametrics.com/2026/09/21/access-bank-redeems-500-million-eurobond-at-maturity/FMDA projects Nigeria’s liquidity inflows to drop 31% to N2.47 trillion this week https://nairametrics.com/2026/09/21/fmda-projects-nigerias-liquidity-inflows-to-drop-31-to-n2-47-trillion-this-week/CBN: Nigeria’s FX supply rises 20.5% to $8.94 billion in 2025 https://nairametrics.com/2026/09/21/cbn-nigerias-fx-supply-rises-20-5-to-8-94-billion-in-2025/Dangote Refinery shares could hit N1,500 in months, say analysts https://nairametrics.com/2026/09/21/dangote-refinery-shares-could-hit-n1500-in-months-say-analysts/Canada tightens Atlantic immigration rules for applicants with employment changes https://nairametrics.com/2026/09/21/canada-tightens-atlantic-immigration-rules-for-applicants-with-employment-changes/NairametricsAccess Bank redeems $500 million Eurobond at maturityAccess Bank Plc has redeemed its $500 million Senior Unsecured Eurobond following the instrument’s maturity, marking the successful conclusion of a five-year international debt issuance launched in 2021.
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