Nairametrics Live Updates

ICYMI. Lagos homes to get 36GB monthly data as FG begins TV audience measurement https://nairametrics.com/2026/09/01/lagos-homes-to-get-36gb-monthly-data-as-fg-begins-tv-audience-measurement/ Where to invest in September 2026: Stocks, fixed income and assets to watch https://nairametrics.com/2026/09/01/where-to-invest-in-september-2026-stocks-fixed-income-and-assets-to-watch/ Nigeria’s money supply hits N138.78 trillion in July despite tight CBN policy https://nairametrics.com/2026/09/01/nigerias-money-supply-hits-n138-78-trillion-in-july-despite-tight-cbn-policy/ Pivot Integrated Energy secures N100 billion in oversubscribed maiden Commercial Paper issuance https://nairametrics.com/2026/09/01/pivot-integrated-energy-secures-n100-billion-in-oversubscribed-maiden-commercial-paper-issuance/

How Nigeria achieved its fastest quarterly GDP growth in five years 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. This is according to the latest data released by the National Bureau of Statistics (NBS). The Q2 performance was an improvement from the 3.89% growth recorded in Q1 2026 and the 3.87% full-year growth in 2025. The 4.43% expansion is the highest quarterly growth recorded since Q2 2021, when the economy grew by 5.01% on the back of a post Covid-19 Pandemic induced recession bounce. Read more https://nairametrics.com/2026/09/01/how-nigeria-achieved-its-fastest-quarterly-gdp-growth-in-five-years/

Nigeria’s private sector growth hits 29-month high at 54.3 – Report 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 headline Stanbic IBTC Bank Nigeria Purchasing Managers’ Index rose to 54.3 points in August from 52.5 points in July, according to the latest report published on Tuesday. Read more https://nairametrics.com/2026/09/01/nigerias-private-sector-growth-hits-29-month-high-at-54-3-report/

MTN, Airtel push telecoms to 10.38% growth, N5.2 trillion GDP 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 sector recorded 10.38% real year-on-year growth in Q2 2026, accelerating from 7.39% in the corresponding quarter of 2025, according to the latest GDP report released by the National Bureau of Statistics (NBS). Read more https://nairametrics.com/2026/09/01/mtn-airtel-push-telecoms-to-10-38-growth-n5-2-trillion-gdp/

Nigerian stocks rebound, but September could change the game 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 OMO variations. The All-Share Index (ASI) was up by almost 81–90 bps in late-month trading, with indices trading higher as investor funds’ gains topped N1.3 trillion+ within a few days Read more https://nairametrics.com/2026/09/01/nigerian-stocks-rebound-but-september-could-change-the-game/

Lagos shortlet boom puts operators under pressure as supply keeps rising 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. Oloyede stated this during a question-and-answer session at the Edala Investor’s Summit 2.0 held in Lagos on Saturday. The comments come as the number of shortlet apartments in Lagos continues to grow, with property owners and developers increasingly targeting the short-term accommodation market. Read more https://nairametrics.com/2026/09/01/lagos-shortlet-boom-puts-operators-under-pressure-as-supply-keeps-rising/

Nigeria’s power sector shrinks 10.63%, contracts for second straight quarter 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. This is according to the latest Gross Domestic Product (GDP) report by the National Bureau of Statistics (NBS). The contraction, although an improvement from the 15.30% decline recorded in Q1 2026, highlights continued weakness in one of the economy’s most critical infrastructure sectors. Read more https://nairametrics.com/2026/09/01/nigerias-power-sector-shrinks-10-63-contracts-for-second-straight-quarter/

NSIA Insurance exits life business, transfers portfolio to CHI Life 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 company disclosed the development in Lagos on Monday after its 2026 Annual General Meeting (AGM). Chairman of the company, Dr. Adesegun Akin-Olugbade, said the proposed transfer has received approval in principle from the National Insurance Commission (NAICOM), with completion subject to the conclusion of outstanding legal and regulatory processes. Read more https://nairametrics.com/2026/09/01/nsia-insurance-exits-life-business-transfers-portfolio-to-chi-life/

IATA: African airlines record weakest air cargo demand growth in July 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 July performance was below global air cargo demand, which increased by 3.9% year-on-year during the month. The weaker demand growth came as African airlines expanded cargo capacity faster than freight traffic, putting pressure on the region’s cargo load factor. Read more https://nairametrics.com/2026/09/01/iata-african-airlines-record-weakest-air-cargo-demand-growth-in-july/

NUPRC retains $300 helicopter landing levy, waives TNC for offshore oil operations 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 apply to landings at private offshore facilities or oil platforms. The clarification follows concerns raised by upstream industry stakeholders over the introduction, structure and implementation of the helicopter levy. This is according to a circular signed by NUPRC Chief Executive, Mrs Oritsemeyiwa Eyesan, on Monday. Read more https://nairametrics.com/2026/09/01/nuprc-retains-300-helicopter-landing-levy-waives-tnc-for-offshore-oil-operations/

Nigeria’s textile, apparel and footwear sector shrinks for 9th straight quarter 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 Statistics (NBS). The latest contraction extends a decline that began in Q2 2024, with the subsector recording negative real growth in every quarter since then. Read more https://nairametrics.com/2026/09/01/nigerias-textile-apparel-and-footwear-sector-shrinks-for-9th-straight-quarter/

Nigerian equities extend rally, gain N1.91 trillion as ETI, Access Holdings lead advance 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 rally builds on last week’s momentum following FTSE Russell’s confirmation of Nigeria’s reclassification from “Unclassified” to “Frontier Market” status, a development that has continued to lift market sentiment since Nairametrics first broke the news on Thursday, August 27, 2026. Read more https://nairametrics.com/2026/09/01/nigerian-equities-extend-rally-gain-n1-91-trillion-as-eti-access-holdings-lead-advance/

Welcome to September! New month, new opportunities to build wealth, make smart moves, and stay ahead of the curve. Whether you're tracking the top-performing stocks, following market rallies, or looking to sharpen your financial literacy, Nairametrics has you covered every step of the way. Here’s to a prosperous September filled with growth, smart investments, and high yields.

ICYMI. DINNER STORIES FG launches “Hire from Nigeria” campaign, targets one million export-linked jobs in five years https://nairametrics.com/2026/08/31/fg-launches-hire-from-nigeria-campaign-targets-one-million-export-linked-jobs-in-five-years/ 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/ PenCom engages Lagos govt over pension increase concerns https://nairametrics.com/2026/08/31/pencom-engages-lagos-govt-over-pension-increase-concerns/ African airlines lead global international capacity growth at 9% in July https://nairametrics.com/2026/08/31/african-airlines-lead-global-international-capacity-growth-at-9-in-july/ EFCC released N661.32 billion and $492.4 million to beneficiaries in 34 months — Olukoyede https://nairametrics.com/2026/08/31/efcc-released-n661-32-billion-and-492-4-million-to-beneficiaries-in-34-months-olukoyede/ Dangote refinery drives oil refining growth to record 43.94% in Q2 https://nairametrics.com/2026/08/31/dangote-refinery-drives-oil-refining-growth-to-record-43-94-in-q2/

Court unfreezes ‘4 accounts’ linked to N21 billion system glitch, faults police 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. Justice Emeka Nwite, in his ruling, agreed with the legal team of the four defendants, led by A.O. Ochogwu Esq. of Lexlaw Solicitors & Attorneys, that the police suppressed material facts when it applied to freeze the affected accounts through an ex parte application. Nairametrics reports that the latest legal development is connected to a broader investigation and litigation involving banks and financial institutions, which aimed to reverse billions of naira allegedly withdrawn fraudulently from a Flutterwave account at Wema Bank. Read more https://nairametrics.com/2026/08/31/court-unfreezes-4-accounts-linked-to-n21-billion-system-glitch-faults-police/

ICYMI. US moves to end 60-day grace period for foreign workers who lose jobs https://nairametrics.com/2026/08/31/us-moves-to-end-60-day-grace-period-for-foreign-workers-who-lose-jobs/ US Embassy continues diplomatic, official visa processing in Abuja https://nairametrics.com/2026/08/31/us-embassy-continues-diplomatic-official-visa-processing-in-abuja/ Ibom Air denies monopoly over Uyo airport, says it lacks authority https://nairametrics.com/2026/08/31/ibom-air-denies-monopoly-over-uyo-airport-says-it-lacks-authority/ FSB chair warns AI cyber risk is most immediate concern for global financial stability https://nairametrics.com/2026/08/31/fsb-chair-warns-ai-cyber-risk-is-most-immediate-concern-for-global-financial-stability/ NIGCOMSAT: Nigeria’s new satellites to track criminals, strengthen military communications https://nairametrics.com/2026/08/31/nigcomsat-nigerias-new-satellites-to-track-criminals-strengthen-military-communications/ Finance and insurance sector growth slows to 9.29% in Q2 2026 amid recapitalisation https://nairametrics.com/2026/08/31/finance-and-insurance-sector-growth-slows-to-9-29-in-q2-2026-amid-recapitalisation/

Attacker pumps Tectonic Token 300-Fold, drains $6 Million in crypto An attacker has drained at least $6 million from Tectonic, a decentralised lending platform linked to Crypto.com, sparking panic among users. The attacker did so by artificially inflating the value of the native Tonic token by 300 times within 20 minutes and using the pumped tokens as collateral to borrow over $74 million in other assets. Blockchain security firm PeckShield disclosed the exploit on Sunday. Read more https://nairametrics.com/2026/08/31/attacker-pumps-tectonic-token-300-fold-drains-6-million-in-crypto/

NIS announces September dates for passport intervention exercise in UK The Nigeria Immigration Service (NIS) has announced dates and locations for a passport intervention exercise for Nigerians in the United Kingdom in September 2026. The information was contained in a public announcement issued by the NIS on Monday, August 31, 2026. This follows an earlier announcement on the deployment of a Passport Intervention Team from the NIS Headquarters in Abuja to the UK, on the directive of the Minister of Interior, Olubunmi Tunji-Ojo. Read more https://nairametrics.com/2026/08/31/nis-announces-september-dates-for-passport-intervention-exercise-in-uk/

Nigeria Is Back on FTSE!... But Will Foreign Investors Return? https://www.youtube.com/live/WPDqkZtMYAU Join the conversation LIVE!

BREAKING🚨🚨🚨 Nigeria’s GDP grows by 4.43% in Q2 2026 Nigeria’s Gross Domestic Product (GDP) grew by 4.43% year-on-year in real terms in the second quarter of 2026, up from the 4.23% recorded in the corresponding quarter of 2025, according to the National Bureau of Statistics (NBS). The latest growth figure represents a 0.20 percentage-point increase compared with the same quarter last year, indicating a modest strengthening in economic activity. According to the NBS, the agricultural sector recorded stronger growth during the quarter, while services also expanded. However, industrial growth slowed significantly compared with the corresponding period in 2025. Read more https://nairametrics.com/2026/08/31/nigerias-gdp-grows-by-4-43-in-q2-2026/