Nairametrics Live Updates

Ghana to purchase 30% of gold output from large-scale miners starting July Ghana will begin purchasing 30% of gold produced by large-scale mining companies from July 1 under a new agreement aimed at strengthening the country’s foreign exchange reserves and expanding its domestic gold refining industry. The new arrangement was disclosed on Thursday in a government statement announcing an agreement reached with large-scale mining companies through the Ghana Chamber of Mines. Read more https://nairametrics.com/2026/06/26/ghana-to-purchase-30-of-gold-output-from-large-scale-miners-starting-july/

NREIT’s profit before tax jumps 333.6% to N3.19 billion in Q1 2026 Nigerian Real Estate Investment Trust Fund (NREIT) reported year-to-date pre-tax profit of N3.19 billion for the first quarter of 2026, representing an increase of 333.60% from N736.56 million in the corresponding period of 2025. For the same period, total comprehensive income was N3.09 billion, up 345.35% from Q1 2025. The strong bottom-line performance can be attributed to impressive revenue, which grew by 416.5% YoY, reaching N4.45 billion compared to the N861.59 million in Q1 2025. NREIT announced a quarterly distribution for the quarter ended 31st March 2026 of N1.92 per unit for Series 1 – 4 investors, and N1.50 per unit for Series 5 investors, with a qualification date of 23rd April 2026. Read more https://nairametrics.com/2026/06/26/nreits-profit-before-tax-jumps-333-6-to-n3-19-billion-in-q1-2026/

Naira appreciates to N1,383/$ as yen hovers near 40-year low The naira strengthened against the U.S. dollar on Thursday, appreciating to N1,383/$ at the official foreign exchange market, even as the dollar remained firm globally. According to Central Bank of Nigeria (CBN) data, the naira gained N6 from N1,389/$ recorded on Wednesday, reversing the previous day’s sharp decline. The currency traded within a range of N1,376/$ to N1,390.50/$. Read more https://nairametrics.com/2026/06/26/naira-appreciates-to-n1383-as-yen-hovers-near-40-year-low/

Great leaders are lifelong students. Stay curious. Stay teachable. Stay open to learning, because every lesson prepares you for greater responsibility.

ICYMI. DINNER CAC teams up with EFCC to enforce PoS registration across Nigeria https://nairametrics.com/2026/06/25/cac-teams-up-with-efcc-to-enforce-pos-registration-across-nigeria/ Aradel Holdings, Oando drag market lower as investors lose N958.5 billion https://nairametrics.com/2026/06/25/aradel-holdings-oando-drag-market-lower-as-investors-lose-n958-5-billion/ Africa CDC raises alarm after Ebola claims 89 lives in seven days https://nairametrics.com/2026/06/25/africa-cdc-raises-alarm-after-ebola-claims-89-lives-in-seven-days/ Family wealth in Nigeria remains concentrated in businesses and real estate – Report https://nairametrics.com/2026/06/25/family-wealth-in-nigeria-remains-concentrated-in-businesses-and-real-estate-report/ Saudi Arabia ends work permit exemption for premium residency holders https://nairametrics.com/2026/06/25/saudi-arabia-ends-work-permit-exemption-for-premium-residency-holders/

Apple raises Mac, iPad prices by up to 25% amid surging memory chip costs Apple raised the prices of its Mac and iPad lineups by between 15% and 25% on Thursday, according to a report by Wall Street Journal. This is coming a week after CEO Tim Cook warned that soaring memory and storage chip costs would force the company to act. WSJ reports that the company briefly took down its Apple Online Store early Thursday morning, a move it typically makes when announcing new products or pricing changes. When the store came back online, Mac prices had risen roughly 15% to 20%, and iPad prices had increased between 15% and 25%. Read more https://nairametrics.com/2026/06/25/apple-raises-mac-ipad-prices-by-up-to-25-amid-surging-memory-chip-costs/

Access Holdings announces retirement of Executive Director, Bolaji Agbede Access Holdings Plc has announced the retirement of its Executive Director, Business Support, Ms. Bolaji Agbede, effective June 30, 2026, following the expiration of her tenure. Ms. Agbede is a former Acting Group CEO of the company. The development was disclosed in a notice to the Nigerian Exchange Limited (NGX), shareholders, and the investing public, signed by the Company’s Secretary, Sunday Ekwochi, and dated June 25, 2026. Retirement takes effect June 30. Read more https://nairametrics.com/2026/06/25/access-holdings-announces-retirement-of-executive-directorbolaji-agbede/

ICYMI. Austin Laz seeks N2.1 billion in capital raise through private placement or merger https://nairametrics.com/2026/06/25/austin-laz-seeks-n2-1-billion-in-capital-raise-through-private-placement-or-merger/ CBN data localization policy: Data centre operators forecast investment boom https://nairametrics.com/2026/06/25/cbn-data-localization-policy-data-centre-operators-forecast-investment-boom/ Apex African Gas commissions 70 TPD plant, boosts production capacity to 110 tons daily https://nairametrics.com/2026/06/25/apex-african-gas-commissions-70-tpd-plant-boosts-production-capacity-to-110-tons-daily/ South Africa producer inflation hits 7.8% on petroleum price surge in May https://nairametrics.com/2026/06/25/south-africa-producer-inflation-hits-7-8-on-petroleum-price-surge-in-may/ CBN orders banks to freeze assets of six individuals, four BDCs linked to terrorism financing https://nairametrics.com/2026/06/25/cbn-orders-banks-to-freeze-assets-of-six-individuals-four-bdcs-linked-to-terrorism-financing/

Daily Currency Exchange Rate Update: 25TH of June,2026 The naira saw mixed movements across markets today. If you’re holding forex, calculate how these shifts affect your pocket, what’s your gain or loss in just 24 hours? Visit www.ftm.ng for more updates.

BREAKING: CBN orders banks to freeze assets of six individuals, four BDCs linked to terrorism financing The Central Bank of Nigeria (CBN) has directed banks, payment service banks, and other financial institutions to immediately freeze all accounts, assets, and transactions linked to six individuals and four Bureau De Change (BDC) operators designated for terrorism financing. The directive was contained in a circular dated June 24, 2026 (Ref: CMD/FCS/PUB/CIR/002/011), obtained by Nairametrics. According to the apex bank, the latest update to the Nigeria Sanctions List, effective June 18, 2026, is binding on all regulated institutions and requires immediate implementation. Read more: https://nairametrics.com/2026/06/25/cbn-orders-banks-to-freeze-assets-of-six-individuals-four-bdcs-linked-to-terrorism-financing/

ICYMI. BREAKFAST STORIES CBN’s PSV 2028: OPay backs push for 95% financial inclusion target https://nairametrics.com/2026/06/25/cbns-psv-2028-opay-backs-push-for-95-financial-inclusion-target-2/ Afreximbank: Intra-African trade rises 5.5% to $213.8 billion https://nairametrics.com/2026/06/25/afreximbank-intra-african-trade-rises-5-5-to-213-8-billion/ Austin Laz seeks N2.1 billion in capital raise through private placement or merger https://nairametrics.com/2026/06/25/austin-laz-seeks-n2-1-billion-in-capital-raise-through-private-placement-or-merger/ Nigeria-Philippines trade surges 700% to $300 million in three years https://nairametrics.com/2026/06/25/nigeria-philippines-trade-surges-700-to-300-million-in-three-years/ Naira records sharpest daily loss since April, closes at N1,389/$ https://nairametrics.com/2026/06/25/naira-records-sharpest-daily-loss-since-april-closes-at-n1389/

African family businesses outperform global peers as sales growth jumps – PwC Family-owned businesses across Africa are proving more resilient than their global counterparts, with 66% reporting sales growth over the past year despite inflationary pressures, tax challenges and economic uncertainty. This is according to PricewaterhouseCoopers Africa Family Business Survey 2025, which gathered responses from 79 family businesses across East, West and Southern Africa. The survey found that African family businesses outperformed the global average, where only 57% of respondents reported sales growth during the same period. Read more https://nairametrics.com/2026/06/25/african-family-businesses-outperform-global-peers-as-sales-growth-jumps-pwc/

Nigeria faces growing electricity supply risks as El Niño threatens hydropower generation – BMI Nigeria’s electricity sector could face renewed supply challenges as El Niño-induced drought conditions threaten hydropower generation across West Africa. This is according to the latest Sub-Saharan Africa Power & Renewables Report by BMI, a Fitch Solutions company. The report warns that Nigeria’s dependence on both domestic and imported hydropower leaves the country vulnerable to climate-related disruptions, with the market expected to become a net electricity importer in 2026. Read more https://nairametrics.com/2026/06/25/nigeria-faces-growing-electricity-supply-risks-as-el-nino-threatens-hydropower-generation-bmi/

Politics or vibes? The team reacts to Rufai’s interview with Obi, questioning whether promises like 10,000–20,000MW of power are backed by substance or just popularity. With Nigerians still waiting for clear economic plans, the conversation highlights the struggle to find leaders offering sound, practical solutions beyond tribal, religious, or partisan lines. Watch the world cup edition on YouTube @nairametrics.tv https://youtu.be/lO_cldRb0H4 Drinks and Mics is proudly sponsored by @ledropnigeria , @mandilasgroup , @uacfoodsng .

ICYMI. DINNER CBN, SEC’s new fintech rules are dividing the industry. Here’s why https://nairametrics.com/2026/06/24/cbn-secs-new-fintech-rules-are-dividing-the-industry-heres-why/ OpenAI unveils first custom chip to power AI models https://nairametrics.com/2026/06/24/openai-unveils-first-custom-chip-to-power-ai-models/ Investors just parked N4.7 trillion with the CBN in one week. Here is why https://nairametrics.com/2026/06/24/investors-just-parked-n4-7-trillion-with-the-cbn-in-one-week-here-is-why/ Facebook unveils standalone AI-powered Creator Studio, overhauls creator tools https://nairametrics.com/2026/06/24/facebook-unveils-standalone-ai-powered-creator-studio-overhauls-creator-tools/ Senate passes bill to establish state police across Nigeria https://nairametrics.com/2026/06/24/senate-passes-bill-to-establish-state-police-across-nigeria/ Nigerian equities lose N3.64 trillion as BUA Cement, Dangote Cement, Geregu lead rout https://nairametrics.com/2026/06/24/nigerian-equities-lose-n3-64-trillion-as-bua-cement-dangote-cement-geregu-lead-rout/ CAP Plc appoints Jethro Iruobe as Executive Director, names new Company Secretary https://nairametrics.com/2026/06/24/cap-plc-appoints-jethro-iruobe-as-executive-director-names-new-company-secretary/

Buy or sell? The panel has fun treating World Cup teams like stock. Cape Verde for their fans, Germany as a buy, France under review, Norway sold off, Argentina bullish, Brazil uncertain. From Europe to Africa to the Americas, it’s a playful look at football through the lens of the market. Watch the world cup edition on YouTube @nairametrics.tv https://youtu.be/lO_cldRb0H4 Drinks and Mics is proudly sponsored by @ledropnigeria , @mandilasgroup , @uacfoodsng .

Hasetins is building nigeria’s $400 million rare earth plant. The FG has one key demand The Federal Government has urged indigenous firm, Hasetins Commodities Limited, to ensure that adequate safety measures being put in place are sustained at the site of the ongoing construction of a $400 million rare earth processing plant in Nasarawa State. This was disclosed by a Federal Government delegation comprising the Director of Mining Inspectorate, Federal Ministry of Solid Minerals Development (FMSMD), Mr. Ganiyu Imam, and the Director of Mines Environmental Compliance, Dr. Vivian Okono. Read more https://nairametrics.com/2026/06/24/hasetins-is-building-nigerias-400m-rare-earth-plant-the-fg-has-one-key-demand/

GSMA launches Satellite Regulatory Playbook to guide governments on satellite connectivity The GSM Association has launched a Satellite Regulatory Playbook to help governments manage the global boom in satellite connectivity, according to a report by the News Agency of Nigeria. The playbook is designed to help governments develop modern regulatory frameworks for the rapidly expanding satellite connectivity sector, as direct-to-device and satellite broadband services gain growing prominence globally. Read more https://nairametrics.com/2026/06/24/gsma-launches-satellite-regulatory-playbook-to-guide-governments-on-satellite-connectivity/

Africa’s largest solar mini-grid operator secures $31 million for Nigeria expansion Africa’s largest solar mini-grid operator, WeLight, has raised $31 million to accelerate its expansion into Nigeria, as the company seeks to deepen electricity access across some of the continent’s most underserved communities. The funding was disclosed by the company on Tuesday after the International Finance Corporation (IFC), the World Bank Group’s private-sector investment arm, acquired a stake in the business alongside existing shareholders. Read more https://nairametrics.com/2026/06/24/africas-largest-solar-mini-grid-operator-secures-31-million-for-nigeria-expansion/

FG proposes cross-border African payment card that bypasses third party currency The Federal Government has called for the development of a cross-border payment card that would allow transactions between African currencies without requiring conversion through the U.S. dollar or other third-party currencies. Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, made the proposal while receiving a delegation from Mastercard in Abuja on Tuesday, highlighting the need for more efficient payment infrastructure to support intra-African trade under the African Continental Free Trade Area (AfCFTA). Read more https://nairametrics.com/2026/06/24/fg-proposes-cross-border-african-payment-card-that-bypasses-third-party-currency/