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BREAKING🚨🚨 Nigeria’s merchandise trade hits N34.8 trillion in Q1 2026
Nigeria’s total merchandise trade stood at N34,788.59 billion in the first quarter of 2026.
This is according to fresh data released by the National Bureau of Statistics (NBS).
The report showed a mixed but significant shift in trade performance, with exports recording growth while imports declined sharply within the period under review.
According to the NBS, total exports in Q1 2026 rose to N21,169.27 billion, representing a 2.77% increase compared to N20,598.48 billion recorded in the corresponding quarter of 2025. It also reflected an 11.63% increase when compared with N18,963.41 billion in Q4 2025.
Read more
https://nairametrics.com/2026/06/08/nigerias-merchandise-trade-hits-n34-8-trillion-in-q1-2026/
| 2 | Nigerian Army rescues 360 hostages from Boko Haram stronghold in Borno
The Nigerian Army says its troops have rescued 360 kidnapped victims from a Boko Haram stronghold in the Mandara Mountains area of southern Borno State.
The military disclosed this in a statement issued on Sunday, June 7, through the official X handle of Operation HADIN KAI, the Joint Task Force leading counterinsurgency operations in Nigeria’s North-East.
According to the Army, the rescue operation followed weeks of intelligence gathering, surveillance and operational planning, culminating in the recovery of hundreds of men, women and children who had been abducted from several communities, particularly around the Ngoshe axis of Borno State.
Read more
https://nairametrics.com/2026/06/07/nigerian-army-rescues-360-hostages-from-boko-haram-stronghold-in-borno/ | 123 |
| 3 | FG reschedules first evacuation flight for Nigerians returning from South Africa
The Federal Government has rescheduled the evacuation of the first batch of Nigerians seeking to return home from South Africa following renewed xenophobic attacks targeting foreign nationals in the country.
The development was disclosed on Monday by the spokesperson of the Ministry of Foreign Affairs, Kimiebi Ebienfa, who attributed the postponement to logistical challenges.
According to the ministry, the first evacuation flight, which was initially scheduled to depart on Monday, will now leave Johannesburg on Wednesday after the completion of necessary operational arrangements and regulatory clearances.
Read more
https://nairametrics.com/2026/06/08/fg-reschedules-first-evacuation-flight-for-nigerians-returning-from-south-africa/ | 113 |
| 4 | Daily Currency Exchange Rate Update: 8TH 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. | 105 |
| 5 | Nigeria seeks €59 million EU support to tackle illegal fishing in Gulf of Guinea
Nigeria is seeking to leverage the €59 million West Africa Sustainable Ocean Programme (WASOP), a European Union-backed regional initiative designed to strengthen ocean governance, sustainable fisheries management and marine ecosystem protection across West Africa, to combat illegal fishing in the Gulf of Guinea.
The Minister of Marine and Blue Economy, Adegboyega Oyetola, disclosed this during a meeting with the European Union Ambassador to Nigeria, Gautier Mignot, in Abuja.
The development was contained in a statement issued on Sunday by the minister’s Special Adviser, Bolaji Akinola.
Read more
https://nairametrics.com/2026/06/08/nigeria-seeks-e59-million-eu-support-to-tackle-illegal-fishing-in-gulf-of-guinea/ | 103 |
| 6 | President Bola Tinubu has assured Nigerians that his administration will not surrender to terrorists, bandits or any form of criminal intimidation.
Speaking through Secretary to the Government of the Federation George Akume at the 2026 Democracy Day church service, the President said security agencies are being strengthened to secure communities and ensure the release of persons held captive.
Tinubu also pledged to intensify efforts to ease economic hardship and urged Nigerians to reject violence and divisive politics ahead of the 2027 elections.
Source: The Cable | 106 |
| 7 | Lagos to market fintech dominance to global investors at Invest Lagos 3.0
Lagos State will spotlight fintech and technology as its unique selling point at the Invest Lagos 3.0 summit.
The Commissioner for Commerce, Cooperatives, Trade and Investment, Mrs. Folashade Bada Ambrose-Medebem, disclosed this during an appearance on The Coffee Table podcast with Ugo Obi-Chukwu.
She said the June 8–9, 2026 summit will reposition Lagos as the gateway to business opportunities in Africa by leveraging sectors where the state already holds a strong advantage.
Read more
https://nairametrics.com/2026/06/08/lagos-to-market-fintech-dominance-to-global-investors-at-invest-lagos-3-0/ | 113 |
| 8 | What a remarkable event! ✨
From insightful discussions to memorable moments, every part of the experience was a testament to excellence, collaboration, and growth.
Thank you to everyone who participated and made it a success.
Here’s a quick recap of the highlights. 📸🎥 | 151 |
| 9 | United Capital secures license to operate investment banking in Ethiopia
https://nairametrics.com/2026/06/08/united-capital-secures-license-to-operate-investment-banking-in-ethiopia/
Nigeria airlines record Africa’s fastest domestic seat capacity growth in June
https://nairametrics.com/2026/06/07/nigeria-airlines-record-africas-fastest-domestic-seat-capacity-growth-in-june/
CPPE urges House of Representatives to reject Sugar-Sweetened Beverage Tax Bill
https://nairametrics.com/2026/06/07/cppe-urges-house-of-representatives-to-reject-sugar-sweetened-beverage-tax-bill/
OpenAI plans biggest ChatGPT overhaul, targets “superapp” status ahead of IPO
https://nairametrics.com/2026/06/07/openai-plans-biggest-chatgpt-overhaul-targets-superapp-status-ahead-of-ipo/
United Capital secures license to operate investment banking in Ethiopia
https://nairametrics.com/2026/06/08/united-capital-secures-license-to-operate-investment-banking-in-ethiopia/
Naira maintains strength against British Pound, opens trade at N1,823/£1
https://nairametrics.com/2026/06/08/naira-maintains-strength-against-british-pound-opens-trade-at-n1823-1/ | 210 |
| 10 | You don't have to do everything.
You just have to do the right things consistently.
Clarity, discipline, and courage will take you further than talent alone.
🎥HannahOwopetu
Have a great and productive week | 201 |
| 11 | The Central Bank of Nigeria (CBN) absorbed N3.04 trillion from the banking system through a single Open Market Operations (OMO) auction conducted on June 5, 2026, as investor demand across three tenors significantly exceeded the N600 billion offered by the apex bank.
According to a Nairametrics analysis of CBN OMO auction results and daily financial market data between June 2 and June 5, 2026, total subscriptions reached N3.275 trillion, representing an oversubscription rate of 5.46 times the amount offered.
The development underscores the CBN’s continued aggressive liquidity sterilisation strategy, even as excess liquidity in the banking system showed some signs of easing during the review period.
https://nairametrics.com/2026/06/07/cbn-withdraws-n3-04-trillion-in-single-omo-session-in-first-week-of-june-2026/ | 290 |
| 12 | Dangote’s Nigeria gamble succeeds as wealth reaches $37 billion
Aliko Dangote’s net worth has risen to a historic $36.7 billion, according to real-time Bloomberg data.
This underscores his status as both the wealthiest black individual and the richest African.
His empire has long been anchored by Dangote Cement, Sugar, and Fertilizer.
The $20 billion mega refinery in Lagos, along with significant investments in Dangote Cement, are key drivers behind his record-high net worth.
These developments have also helped Nigeria become a net petroleum exporter for the first time in decades, with daily net exports of around 44,000 barrels to regional markets.
Read more
https://nairametrics.com/2026/06/07/dangotes-nigeria-gamble-succeeds-as-wealth-reaches-37-billion/ | 339 |
| 13 | Many people underestimate the power of small beginnings.
A small savings habit. A small investment. A small side hustle. A small improvement in how you manage money. Consistent actions, no matter how small they seem today, can compound into significant results over time.
Don't wait until you have millions to start building wealth. Start with what you have.
Because financial growth is often less about the size of your beginning and more about the consistency of your journey. | 387 |
| 14 | The Nairametrics Capital Market Awards truly celebrate the commitment behind sustaining corporate excellence and financial resilience in an ever-evolving economic landscape.
Thank you to everyone who voted and supported. | 400 |
| 15 | NISO disowns ‘Nigeria National Grid’ X account, cautions public against misinformation
The Nigerian Independent System Operator (NISO) has distanced itself from an unauthorised social media account on X, formerly Twitter, operating under the name “Nigeria National Grid.”
In a statement issued in Abuja on Saturday, the system operator warned the public, media organisations, and stakeholders against relying on information disseminated through the account, describing its contents as misleading and unauthorised.
NISO said the move was necessary to protect the integrity of its communications and ensure that the public receives accurate information about the operations of Nigeria’s national electricity grid.
Read more
https://nairametrics.com/2026/06/06/niso-disowns-nigeria-national-grid-x-account-cautions-public-against-misinformation/ | 380 |
| 16 | “T+1 sounds technical… but here’s what it really means for YOU.”
Most people hear T+1 settlement and get confused, but it’s actually simple.
👉 Watch the full conversation on YouTube @nairametrics.tv
https://www.youtube.com/watch?v=47fzoQE5H68
Drinks and Mics is proudly sponsored by ledropnigeria , @mandilasgroup , @uacfoodsng . | 317 |
| 17 | Take a look at our winners from the Nairametrics Capital Market Awards. These organizations and individuals are setting the standard for financial excellence in Nigeria.
👉Here
Insurance Company of the Year: @aiicoinsurance
Diversified Company of the Year: @transcorpgroup
Healthcare Company of the Year: @mecure_industries_plc
Investors Relations Team of the Year: @bua.cement
Stockbroker of the Year: @cardinalstoneng
Non-Bank Financial Institution of the Year: @vfd.group | 304 |
| 18 | The corporate giants have taken the stage at the Nairametrics Capital Market Awards!
We are incredibly proud to unveil the winners of our most prestigious categories. These organizations have demonstrated unrivaled market leadership, exceptional financial resilience, and outstanding value creation over the past year.
Company of the Year: @mtnng
Tier-One Bank of the Year (FUGAZ): @zenithbankplc
Commercial Bank of the Year: @wemabank
#NMCapitalMarketsAwards #Nairametrics #NMCA | 342 |
| 19 | ICYMI
NGX targets broader capital market participation ahead of major listings
https://nairametrics.com/2026/06/06/ngx-targets-broader-capital-market-participation-ahead-of-major-listings/
Cross-border payment fragmentation is slowing Africa’s digital economy—Maplerad CEO
https://nairametrics.com/2026/06/06/cross-border-payment-fragmentation-is-slowing-africas-digital-economy-maplerad-ceo/
WHO unveils $518 million plan to contain Ebola outbreak in Congo, Uganda
https://nairametrics.com/2026/06/06/who-unveils-518-million-plan-to-contain-ebola-outbreak-in-congo-uganda/
Insurance, banking stocks drive NGX rebound with N234.73 billion gain on Friday
https://nairametrics.com/2026/06/06/insurance-banking-stocks-drive-ngx-rebound-with-n234-73-billion-gain-on-friday/
Naira weakens to N1,365/$ as external reserves cross $50 billion
https://nairametrics.com/2026/06/06/naira-weakens-to-n1365-as-external-reserves-cross-50-billion/
Blood bath: Nigerian stocks, gold, Bitcoin, and US equities crash
https://nairametrics.com/2026/06/06/cross-border-payment-fragmentation-is-slowing-africas-digital-economy-maplerad-ceo/ | 387 |
| 20 | Last night, we celebrated two outstanding voices in Nigeria’s capital market.
🏆 Aruoture”Rotus” Oddiri - Capital Market Journalist of the Year
🏆 Olumide Adesina — Capital Market Influencer of the Year
Congratulations to both winners for their impact in informing, educating, and engaging investors.
#NMCapitalMarketsAwards #NMCA 👏📈 | 332 |
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