Nairametrics Live Updates

ngCERT raises alarm as bank loses $2 million to ATM cash-out cyberattack The Nigeria Computer Emergency Response Team (ngCERT) has issued a cybersecurity advisory warning financial institutions across the country about a growing wave of cyber-enabled ATM cash-out attacks. According to the advisory, cybercriminals successfully orchestrated a coordinated ATM cash-out operation against UBA Senegal, resulting in fraudulent withdrawals exceeding $2 million through 3,421 ATM transactions. Read more https://nairametrics.com/2026/06/27/ngcert-raises-alarm-as-bank-loses-2-million-to-atm-cash-out-cyberattack/

“Interest rates aren’t falling the way we expected… and here’s why.” At the start of the year, many predicted: 300–500bps rate cuts but the reality so far: Barely 100bps. Instead of raising rates directly, Government is raising Treasury bill yields. Liquidity is being pulled out of the system, businesses face expensive borrowing costs and capital markets feel the pressure. In this environment, are you positioned for high yields or tightening liquidity? Watch the season finale hee: https://youtu.be/TlUPB_t10Ow Drinks and Mics is proudly sponsored by ledropnigeria , @mandilasgroup , @uacfoodsng . Disclaimer: The views and opinions expressed by the guest are entirely their own and do not necessarily reflect the views, position, or policies of Nairametrics or any of its affiliated brands.

Ikeja Electric appoints Ogochukwu Onyelucheya as Acting CEO Ikeja Electric has appointed Mrs. Ogochukwu Onyelucheya as its Acting Chief Executive Officer, effective July 1, 2026, as part of efforts to strengthen leadership and accelerate operational performance. The appointment was disclosed in a statement issued in Lagos by the company’s Head of Corporate Communications, Kingsley Okotie, and reported by the News Agency of Nigeria (NAN). Read more https://nairametrics.com/2026/06/28/ikeja-electric-appoints-ogochukwu-onyelucheya-as-acting-ceo/

Many financial decisions are driven by what feels good today, but lasting wealth is built by looking beyond the moment. Choose assets over liabilities. Invest in skills that increase your earning potential. Save for tomorrow while meeting today's needs. The strongest financial plans don't just solve today's problems, they prepare you for tomorrow's opportunities. Happy Sunday!

ICYMI. DINNER STORIES FCCPC grants full approval to 48 more loan app companies https://nairametrics.com/2026/06/27/fccpc-grants-full-approval-to-48-more-loan-app-companies/ FG’s borrowing jumps 75.6%—what it means for the naira and interest rates https://nairametrics.com/2026/06/27/fgs-borrowing-jumps-75-6-what-it-means-for-the-naira-and-interest-rates/ ngCERT raises alarm as bank loses $2 million to ATM cash-out cyberattack https://nairametrics.com/2026/06/27/ngcert-raises-alarm-as-bank-loses-2-million-to-atm-cash-out-cyberattack/ Lawsuit blocks 1.55 million smart meter imports under $500 million World Bank loan https://nairametrics.com/2026/06/27/lawsuit-blocks-1-55-million-smart-meter-imports-under-500-million-world-bank-loan/ Tinubu appoints ex-Reps spokesperson Abdulrazak Namdas as BCDA Director-General https://nairametrics.com/2026/06/27/tinubu-appoints-ex-reps-spokesperson-abdulrazak-namdas-as-bcda-director-general/ NGX YTD return slips below 50% first time in 2026, erasing N982.96 billion https://nairametrics.com/2026/06/27/ngx-ytd-return-slips-below-50-first-time-in-2026-erasing-n982-96-billion/

Nigeria’s reform story feels like debt‑selling. With 21 million kids out of school, only 4,000MW of power, and no clear sectoral growth story, citizens remain disconnected from the reform narrative. Watch the season finale hee: https://youtu.be/TlUPB_t10Ow Drinks and Mics is proudly sponsored by ledropnigeria , @mandilasgroup , @uacfoodsng .

Obi, Dickson condemn NDC deregistration, allege assault on multi-party democracy The presidential candidate of the Nigeria Democratic Congress (NDC), Peter Obi, and Senator Henry Seriake Dickson have condemned the Federal High Court’s decision to deregister the NDC, describing it as illegal and a setback for Nigeria’s democracy. The two politicians made their positions known in separate statements shared on their X accounts on Friday, June 26, following the court’s ruling. Read more https://nairametrics.com/2026/06/27/obi-dickson-condemn-ndc-deregistration-allege-assault-on-multi-party-democracy/

“Big moves don’t happen overnight… they start YEARS before you see them.” 👀 That’s the mindset behind real transformation. In this clip, the conversation highlights something most people miss. Because in business, investing, and nations…The biggest winners are those who plan long-term and execute consistently. Watch the season finale hee: https://youtu.be/TlUPB_t10Ow Drinks and Mics is proudly sponsored by ledropnigeria , @mandilasgroup , @uacfoodsng .

NDLEA intercepts 9,058kg drugs, arrests 260 suspects in MMIA crackdown The National Drug Law Enforcement Agency’s Murtala Muhammed International Airport Strategic Command in Ikeja has seized 9,058.543 kilograms of illicit drugs and arrested 260 suspects, from 2025 to date. According to the News Agency of Nigeria, the command’s Commander Mohammad Ahmad made the disclosure on Friday, revealing that the agency also secured the conviction of 101 offenders during the same period. Read more https://nairametrics.com/2026/06/27/ndlea-intercepts-9058kg-drugs-arrests-260-suspects-in-mmia-crackdown/

US lifts Anthropic ban, allows Mythos 5 access for over 100 trusted organisations The US government has partially lifted its two-week-old suspension of access to Anthropic’s most powerful AI models, according to Reuters. This partial reversal now allows more than 100 companies and institutions, including many Fortune 500 companies, to regain access to Claude Mythos 5, though the model remains restricted from general public use. Read more https://nairametrics.com/2026/06/27/us-lifts-anthropic-ban-allows-mythos-5-access-for-over-100-trusted-organisations/

MTN Group Chairman blames state failure for xenophobia in South Africa MTN Group Chairman Mcebisi Jonas has condemned the growing anti-foreigner sentiment in South Africa, arguing that xenophobia is being fueled by state failure and exploited by politicians seeking electoral gains rather than solutions. According to a statement from the Group, Jonas made the remarks during the funeral service of Zimbabwean-born activist and public servant Thokozani Damasane in Johannesburg, where he used his eulogy to address South Africa’s ongoing immigration and social cohesion challenges. Read more https://nairametrics.com/2026/06/26/mtn-group-chairman-blames-state-failure-for-xenophobia-in-south-africa/

As we wrap up the first half of 2026, we look back at the predictions, expectations, and market calls that shaped the year — and compare them with what actually happened. From inflation and interest rates to the stock market, business trends, and the broader economy, which forecasts got it right, what surprised us, and what lessons should investors take into the second half of the year? https://youtu.be/TlUPB_t10Ow

ICYMI. DINNER STORIES Tinubu signs NIMC Act 2026, names commission digital identity authority https://nairametrics.com/2026/06/26/tinubu-signs-nimc-act-2026-names-commission-digital-identity-authority/ Court nullifies registration of Peter Obi’s NDC over logo dispute https://nairametrics.com/2026/06/26/court-nullifies-registration-of-peter-obis-ndc-over-logo-dispute/ Ronaldo leads as top 10 World Cup players earn over $900 million https://nairametrics.com/2026/06/26/ronaldo-leads-as-top-10-world-cup-players-earn-over-900-million/ Ellah Lakes acquires equipment for palm kernel oil mill https://nairametrics.com/2026/06/26/ellah-lakes-acquires-equipment-for-palm-kernel-oil-mill/ Tinubu appoints Obi Adigwe to lead new National Health Technology, Data Analytics Office https://nairametrics.com/2026/06/26/tinubu-appoints-obi-adigwe-to-lead-new-national-health-technology-data-analytics-office/ FG accesses $1.5 billion from $5 billion UAE derivatives financing deal https://nairametrics.com/2026/06/26/fg-accesses-1-5-billion-from-5-billion-uae-derivatives-financing-deal/ State police could be exploited to sway 2027 elections, Peter Obi warns https://nairametrics.com/2026/06/26/state-police-could-be-exploited-to-sway-2027-elections-peter-obi-warns/ Lagos leads as 10 states corner 40.1% of FAAC allocations in Q1 2026 https://nairametrics.com/2026/06/26/lagos-leads-as-10-states-corner-40-1-of-faac-allocations-in-q1-2026/ White House asks OpenAI to restrict GPT-5.6 access https://nairametrics.com/2026/06/26/white-house-asks-openai-to-restrict-gpt-5-6-access/ Ireland announces fully funded Master’s scholarship for Nigerians, Ghanaians https://nairametrics.com/2026/06/26/ireland-announces-fully-funded-masters-scholarship-for-nigerians-ghanaians/ Lagos building collapse: LASEMA recovers 9 dead bodies, rescues 27 https://nairametrics.com/2026/06/26/lagos-building-collapse-lasema-recovers-9-dead-bodies-rescues-27/

Jaiz Bank shareholders approve N150 billion capital raise at AGM hareholders of Jaiz Bank Plc have approved a plan to raise up to N150 billion in fresh capital to support the bank’s growth strategy and strengthen its capital base. This is according to a statement signed by the Company Secretary, Mohammed Shehu, and seen by Nairametrics. The approval was granted at the bank’s 14th Annual General Meeting (AGM), held virtually on June 24, 2026, Read more https://nairametrics.com/2026/06/26/jaiz-bank-shareholders-approve-n150-billion-capital-raise-at-agm/

Neimeth shareholders approve additional N30 billion capital raise at AGM Shareholders of Neimeth International Pharmaceuticals Plc have unanimously approved an additional N30 billion capital raise at the company’s 67th Annual General Meeting held virtually on Thursday, June 25, 2026, lifting total fundraising mandate to N50 billion. The approval builds on an existing N20 billion obtained by a resolution dated June 23, 2025, under which the company has so far raised approximately N2.44 billion through a rights issue, leaving an unutilised balance of approximately N17.56 billion. Read more https://nairametrics.com/2026/06/26/neimeth-shareholders-approve-additional-n30-billion-capital-raise-at-agm/

Daily Currency Exchange Rate Update: 26TH 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.

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 .

FG hands Enugu Airport to private operator The Federal Government has officially concessioned the Akanu Ibiam International Airport in Enugu to Aero Alliance Limited under a Public-Private Partnership (PPP). The agreement, signed on Thursday at the airport’s new terminal by the Minister of Aviation and Aerospace Development, Festus Keyamo, is part of the Federal Government’s broader strategy to modernise airport infrastructure, improve operational efficiency, and attract private sector investment into Nigeria’s aviation sector. This marks the first successful handover of the airport after more than two decades of stalled concession plans. Read more https://nairametrics.com/2026/06/26/fg-hands-enugu-airport-to-private-operator/

Correction or Opportunity? Nigerian stocks lose N11 trillion from their peak Nigerian stocks face Short-Term Volatility amid bearish correction. The local equity market is navigating short-term volatility after a massive bull run took place much earlier in the year. The market has lost over N10 trillion this year as market valuation settles at N150 trillion. Latest Readings highlighted Nigerian stocks have pulled back over June and broken some previously heavy bullish months. Read more https://nairametrics.com/2026/06/26/correction-or-opportunity-nigerian-stocks-lose-n11-trillion-from-their-peak/

PHOTO: FIFA World Cup 2026 has become the highest attended tournament in competition history!