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Kanal postlari

2	Daily Currency Exchange Rate Update: 13th of July, 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.	393
3	Today, information is everywhere. The real advantage isn't access—it's action. Learn the skill. Ask the questions. Stay curious. Then do the work. Success belongs to those who keep learning and refuse to quit. 🎥AmericanBusiness	445
4	Why do FTSE Russell, MSCI and S&P indexes matter? Inclusion can attract millions or even billions of dollars in global investment flows. For Nigeria, the key is making it easier for foreign investors to enter the market, trade shares and repatriate funds. Watch the full video on YouTube @nairametrics.tv https://youtu.be/d8mm5F8TPYw	537
5	Nigeria’s 6 fastest-growing sectors employ just 2.7% of workers – CardinalStone Nigeria’s six fastest-growing sectors account for just 2.7% of the country’s workforce despite recording average annual growth rates above 5% over the past three years. This is according to CardinalStone’s 2026 Mid-Year Economic Outlook. The investment firm’s latest report highlights a disconnect between the sectors driving Nigeria’s recent macroeconomic gains and those employing the largest share of its workforce. Read more https://nairametrics.com/2026/07/11/nigerias-6-fastest-growing-sectors-employ-just-2-7-of-workers-cardinalstone/	507
6	Apple sues OpenAI over alleged trade secret theft Apple has filed a lawsuit against OpenAI, accusing the artificial intelligence company of orchestrating a coordinated effort to obtain confidential information related to its unreleased products, escalating tensions between two companies that were, until recently, close partners in the AI race. The lawsuit, filed in the U.S. District Court for the Northern District of California on Friday, alleges that OpenAI encouraged current and former Apple employees to share proprietary information, engineering documents, product designs and hardware components to accelerate development of its own AI-powered devices, according to Bloomberg Read more https://nairametrics.com/2026/07/11/apple-sues-openai-over-alleged-trade-secret-theft/	440
7	Naira falls to N1,381/$1 as FX reserves hit $51.7 billion The naira weakened against the United States dollar at the official foreign exchange market during the week ended Friday, July 10, extending its losses throughout the trading week. Data from the Central Bank of Nigeria (CBN) showed the naira closed at N1,381.70/$1 on Friday, July 10, compared with N1,370.00/$1 recorded on Friday, July 3, representing a N11.70 depreciation, or 0.85% week on week. Read more https://nairametrics.com/2026/07/11/naira-falls-to-n1381-1-as-fx-reserves-hit-51-7-billion/	364
8	NELFUND denies suspending upkeep allowance amid students’ complaints over non-payment The Nigerian Education Loan Fund (NELFUND) has dismissed as fake a viral social media document claiming that the Federal Government had suspended the payment of upkeep allowances to beneficiaries of the Student Loan Scheme for the 2025/2026 academic session. The clarification comes amid growing concerns from student beneficiaries, many of whom have complained in recent weeks about delays in receiving their monthly upkeep stipends, fueling speculation that the payments had been halted. Read more https://nairametrics.com/2026/07/11/nelfund-denies-suspending-upkeep-allowance-amid-students-complaints-over-non-payment/	407
9	Nigeria's NGX benchmark delivered the world's highest 2026 YTD returns in USD terms at ~67% (Bloomberg data on 92 global indices), narrowly ahead of South Korea's Kospi. S&P has put Nigeria on its watchlist for possible Frontier Market status, but FTSE Russell isn’t convinced yet. In this episode of Money Brief, Ugo Dre explains why the world’s top index providers are sending mixed signals about Nigeria’s investment story and what it means for investors, the NGX, and the economy. https://youtu.be/d8mm5F8TPYw	478
10	OIS denies exit from Nigeria’s U.S. visa services, cites administrative process Online Integrated Solution (OIS Services) has denied reports that it has been disengaged from processing Nigerian visa applications in the United States, insisting that the current interruption to its services is the result of an ongoing administrative process rather than the termination of its role. The clarification was contained in a statement shared by OIS Services with Nairametrics on Friday, July 10. The response follows reports the previous day that the Nigeria Immigration Service (NIS) had ended its arrangement with OIS Services, the operator of Nigeria’s Visa Application and Submission Centres in the United States and directed applicants to submit visa requests directly to Nigerian diplomatic missions across the country with immediate effect. Read more https://nairametrics.com/2026/07/10/ois-denies-exit-from-nigerias-u-s-visa-services-cites-administrative-process/	455
11	FG, NIMC to extend trusted digital identity to 80 million learners The Federal Government is extending trusted digital identity coverage to nearly 80 million learners across Nigeria’s education system, in collaboration with the National Identity Management Commission (NIMC). In an official notice on X, the Federal Ministry of Education noted that Dr. Maruf Tunji Alausa, the Education Minister made the disclosure during a meeting with NIMC Director General Engr. Bisoye Coker-Odusote in Abuja on Thursday. Read more https://nairametrics.com/2026/07/10/fg-nimc-to-extend-trusted-digital-identity-to-80-million-learners/	350
12	Presidency announces rescue of kidnapped Oyo pupils, teachers The Presidency has announced the rescue of all the pupils and teachers who were kidnapped in Orire Local Government Area of Oyo State. Special Adviser to President Bola Tinubu on Information and Strategy, Bayo Onanuga, made the announcement on Friday evening, confirming that the victims had been rescued by security agencies. The pupils and teachers were kidnapped more than 50 days ago from their schools in Oyo State, with one of the teachers losing his life in captivity. Read more https://nairametrics.com/2026/07/10/presidency-announces-rescue-of-kidnapped-oyo-pupils-teachers/	352
13	ICYMI. Tanzania’s richest man Mohammed Dewji to invest $275 million in mining & tourism https://nairametrics.com/2026/07/10/tanzanias-richest-man-mohammed-dewji-to-invest-275-million-in-mining-tourism/ Police arrest suspect over alleged N3 billion cyber fraud using POS terminals https://nairametrics.com/2026/07/10/police-arrest-suspect-over-alleged-n3-billion-cyber-fraud-using-pos-terminals/ Dangote Refinery vs AGF: Matrix, AA Rano, AYM seek to join N100 billion import licence suit https://nairametrics.com/2026/07/10/dangote-refinery-vs-agf-matrix-aa-rano-aym-seek-to-join-n100-billion-import-licence-suit/ Court rules FCCPC can investigate Air Peace ticket pricing complaints https://nairametrics.com/2026/07/10/court-rules-fccpc-can-investigate-air-peace-ticket-pricing-complaints/ Sterling HoldCo appoints Olubisi Makoju, Olayinka Oni to Board https://nairametrics.com/2026/07/10/sterling-holdco-appoints-olubisi-makoju-olayinka-oni-to-board/ CREDICORP, NGGCL sign risk-sharing deal to expand consumer credit for Nigerians https://nairametrics.com/2026/07/10/credicorp-nggcl-sign-risk-sharing-deal-to-expand-consumer-credit-for-nigerians/ Lagos partners Chinese-led consortium to expand potable water access https://nairametrics.com/2026/07/10/lagos-partners-chinese-led-consortium-to-expand-potable-water-access/ Bird invasion ravages 250 hectares of Zamfara farmland, threatening food supply https://nairametrics.com/2026/07/10/bird-invasion-ravages-250-hectares-of-zamfara-farmland-threatening-food-supply/ Moniepoint: Nigeria’s food service industry reaches $11.09 billion on digital payment growth https://nairametrics.com/2026/07/10/moniepoint-nigerias-food-service-industry-reaches-11-09-billion-on-digital-payment-growth/	372
14	Access Holdings vests over 200 million shares in 77 employees, Agbede emerges largest beneficiary Access Holdings Plc has vested more than 200 million shares in 77 employees across its group, with former Executive Director, Business Support, Bolaji Agbede emerging as the largest beneficiary with an allocation of 15.09 million shares. The development was disclosed in a corporate filing dated July 8, 2026, submitted to the Nigerian Exchange (NGX) and signed by the Company Secretary, Sunday Ekwochi. According to the disclosure, the vesting exercise took place between June 29 and June 30, 2026. Read more https://nairametrics.com/2026/07/10/access-holdings-vests-over-200-million-shares-in-77-employees-agbede-emerges-largest-beneficiary/	368
15	Ikoyi luxury real estate hits milestone as 5-bedroom homes cross N1.1 billion mark Luxury five-bedroom homes in Ikoyi now command average sale prices exceeding N1.1 billion in 2026. This is according to the Lagos Island Residential Market Report 2026 by Lagos Realty, which tracked residential rents, sale prices and land values across Ikoyi, Victoria Island, Lekki Phase 1 and Ikate between 2022 and 2026. The report attributed the sustained growth to strong demand from diplomats, expatriates, C-suite executives and high-net-worth individuals, alongside limited land supply, rising construction costs and the impact of naira depreciation on replacement costs. Read more https://nairametrics.com/2026/07/10/ikoyi-luxury-real-estate-hits-milestone-as-5-bedroom-homes-cross-n1-1-billion-mark/	351
16	Access Holdings vests over 200 million shares in 77 employees, Agbede emerges largest beneficiary Access Holdings Plc has vested more than 200 million shares in 77 employees across its group, with former Executive Director, Business Support, Bolaji Agbede emerging as the largest beneficiary with an allocation of 15.09 million shares. The development was disclosed in a corporate filing dated July 8, 2026, submitted to the Nigerian Exchange (NGX) and signed by the Company Secretary, Sunday Ekwochi. According to the disclosure, the vesting exercise took place between June 29 and June 30, 2026. Read more https://nairametrics.com/2026/07/10/access-holdings-vests-over-200-million-shares-in-77-employees-agbede-emerges-largest-beneficiary/	329
17	Cocoa hits 24-week high amid heavy rains in Nigeria, Ghana and Ivory Coast Cocoa prices have successfully broken out of their extended late 2025/early 2026 correction. Cocoa Futures have rallied back to multi-month highs amid supply fears and looming weather risks in the past few weeks. Cocoa prices have begun an aggressive comeback: since its dramatic fall from a record high north of $11,000/MT in mid-2024 to a low just north of $3,100-$3,300/MT in March/April 2026, September cocoa futures on the ICE in New York (CCU26) are trading at $6,366/MT as of July 10th 2026, having hit a 24-week high. Read more https://nairametrics.com/2026/07/10/cocoa-hits-24-week-high-amid-heavy-rains-in-nigeria-ghana-and-ivory-coast/	376
18	CBN’s proposed HoldCo capital rules could trigger investor fatigue, shareholders warn A group of shareholders have urged the Central Bank of Nigeria (CBN) to reconsider a proposed capital requirement for Financial Holding Companies (HoldCos), warning that it could lead to repeated capital raising, investor fatigue and weaken confidence in the banking sector. The shareholders, in a submission on the CBN’s Exposure Draft of the Revised Guidelines for Licensing and Regulating Financial Holding Companies in Nigeria issued on Thursday, said they support the apex bank’s efforts to strengthen financial stability but raised concerns over provisions requiring additional capital at multiple holding company levels. Read more https://nairametrics.com/2026/07/09/cbns-proposed-holdco-capital-rules-could-trigger-investor-fatigue-shareholders-warn/	329
19	First HoldCo, MTNN, other FUGAZ banks power NGX to N961.75 billion gain The Nigerian equities market closed higher for the fifth consecutive session on Thursday, July 9, 2026, as sustained buying in First HoldCo, MTN Nigeria, Zenith Bank, and other FUGAZ names resulted in a N961.75 billion gain in market capitalization, and pushed the year-to-date return to 56.77%, the highest level since June. The NGX All-Share Index advanced 0.62%to settle at 243,958.73 points from 242,459.98 points on Wednesday. Market capitalisation rose to N156.55 trillion, adding N961.75 billion in a single session. The year-to-date return strengthened to 56.77%, while the month-to-date return climbed to +6.3%. Read more https://nairametrics.com/2026/07/10/asi-rises-0-62-to-243958-73-points-ytd-return-strengthens-to-56-77-as-banking-and-consumer-goods-lead/	322
20	Ikate two-bedroom apartment prices hit N205 million as off-plan demand grows The average selling price of two-bedroom apartments in Ikate rose to N205 million in 2026, more than doubling over five years as strong off-plan demand gathered pace. The disclosure was contained in the Lagos Island Residential Market Report 2026 by Lagos Realty, which tracked residential rental prices, sales values and land costs across Ikoyi, Victoria Island, Lekki Phase 1 and Ikate between 2022 and 2026. The report noted that sales activity in Ikate accelerated sharply between 2024 and 2026 as new residential towers approached completion, with two-bedroom apartments recording strong off-plan demand. Read more https://nairametrics.com/2026/07/10/ikate-two-bedroom-apartment-prices-hit-n205-million-as-off-plan-demand-grows/	341

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