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Kanal postlari
Abdul Samad Rabiu takes delivery of $81m Bombardier Global 8000 Jet
Abdul Samad Rabiu, Chairman of BUA Group and one of Africa’s most prominent industrialists, has taken delivery of a Bombardier Global 8000 private jet valued at approximately $81 million (about N110 billion at current exchange rates), marking a significant expansion of his aviation assets.
Rabiu announced the delivery of the aircraft on his Instagram stories expressing gratitude to God for the milestone.
The newly delivered Global 8000 expands BUA Group’s growing corporate aviation fleet, which already includes a Bombardier Challenger 350 and a Global 6500.
Read more
https://nairametrics.com/2026/06/10/abdul-samad-rabiu-takes-delivery-of-81m-bombardier-global-8000-jet/
| 2 | MAX CEO bets on EVs as transport costs drain Nigerians’ pockets
On any given day, over 8 million peoplecommute across Lagos in search of their daily bread. As one of the world’s mega-cities, this isn’t surprising at all.
What is shocking, however, is how expensive these commutes have become to the average commuter.
Amid inflationary pressures and biting hardship fueled by President Tinubu’s reforms, a growing number of Nigerians can barely afford to transport themselves to work anymore.
Read more
https://nairametrics.com/2026/06/10/max-ceo-bets-on-evs-as-transport-costs-drain-nigerians-pockets/ | 146 |
| 3 | Edo Govt shuts three schools following DSS warning of planned abduction
The Edo State Government has ordered the immediate closure of three secondary schools in Akoko-Edo Local Government Area following a security alert warning of a planned abduction of students.
The directive was issued in a circular from the State Ministry of Education and signed by its Permanent Secretary, Mr. Enodolomwanyi Otamere, according to the News Agency of Nigeria (NAN).
The decision was taken after intelligence reports from the Department of State Services (DSS) indicated a credible threat targeting schools in the area.
Read more
https://nairametrics.com/2026/06/10/edo-govt-shuts-three-schools-following-dss-warning-of-planned-abduction/ | 139 |
| 4 |  The Senate has placed South East Development Commission MD Mark Okoye under scrutiny over spending from the N16.6 billion released to the commission from its 2025 budget allocation.
Lawmakers flagged N153 million spent on a one-room Abuja office rent despite the commission's headquarters being in Enugu and queried N2.5 billion in implied expenditure.
Senate Committee Chair Orji Kalu said N3.6 billion must be fully accounted for, calling the financial report "completely unacceptable."
SEDC must submit full expenditure records by June 23.
Source: Vanguard | 208 |
| 5 | Police launch nationwide operation against concealed, defaced number plates
The Nigeria Police Force has launched a nationwide operation against vehicles operating with concealed, defaced, or altered number plates, in a fresh crackdown aimed at strengthening enforcement and curbing criminal evasion tactics across the country.
The directive was issued by the Inspector-General of Police, Olatunji Rilwan Disu, during a monthly conference with senior officers at the Goodluck Ebele Jonathan Peacekeeping Centre in Abuja, according to a statement posted on the Force’s official X account.
The operation targets motorists who obscure, tamper with, or remove essential details from their registration plates, a practice authorities say has increasingly been used to frustrate identification and aid criminal activity.
Read more
https://nairametrics.com/2026/06/10/police-launch-nationwide-operation-against-concealed-defaced-number-plates/ | 192 |
| 6 | Tinubu sets up Ebola Task Force, approves N10 billion emergency preparedness fund
President Bola Tinubu has approved the establishment of a Presidential Task Force on Ebola Virus Disease Preparedness and Emerging Public Health Threats and ordered the immediate release of N10 billion as emergency intervention funding to strengthen Nigeria’s readiness against the possible importation of the virus.
The development was disclosed on Tuesday, June 9, by the President’s Special Adviser on Information and Strategy, Bayo Onanuga, in a statement announcing a series of measures aimed at preventing the spread of Ebola into the country.
According to the statement, the President’s approval followed a stakeholder meeting chaired by the Chief of Staff to the President, Femi Gbajabiamila, where government officials and key agencies reviewed Nigeria’s level of preparedness and developed strategies to guard against a potential outbreak.
Read more
https://nairametrics.com/2026/06/10/tinubu-sets-up-ebola-task-force-approves-n10-billion-emergency-preparedness-fund/ | 180 |
| 7 |  Daily Currency Exchange Rate Update: 10TH 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. | 197 |
| 8 | UK review proposes lower salary requirements for work visas
The United Kingdom could make it easier for foreign professionals to qualify for work visas if the government adopts a new set of recommendations from the country’s independent Migration Advisory Committee (MAC).
The proposals, which focus on salary thresholds across several immigration routes, are aimed at addressing labour shortages while maintaining competitive wage standards, according to Travel Biz reports.
If implemented, the changes could widen access to UK jobs for skilled foreign workers, including thousands of professionals from countries such as India and Nigeria who continue to seek employment opportunities in the UK.
Read more
https://nairametrics.com/2026/06/10/uk-review-proposes-lower-salary-requirements-for-work-visas/ | 186 |
| 9 | Naira settles at N1,361/$ as dollar stays supported on strong U.S. jobs data
The Nigerian naira posted relatively tight, stable movement in the first half of the week against the US dollar, currently settled at N1,361/$
The CBN continues to play a very hands-on role in the foreign exchange market.
These interventions (selling dollars directly to BDCs and dealers) have been the most aggressive policy tool for reigning in volatility.
A sustainable gap between N1350-1360 still depends heavily on how well Nigeria’s gross foreign reserves hold up under these defense tactics.
Read more
https://nairametrics.com/2026/06/10/naira-settles-at-n1361-as-dollar-stays-supported-on-strong-u-s-jobs-data/ | 172 |
| 10 | IMF urges Nigeria to regulate stablecoins amid rising crypto stability risks
The International Monetary Fund (IMF) has called on Nigeria to bring stablecoins and other crypto-asset activities within its regulatory perimeter.
This forms part of broader recommendations aimed at strengthening financial stability and safeguarding recent macroeconomic gains.
This was contained in the IMF’s latest Article IV Consultation report on Nigeria, concluded by the Executive Board on June 1, 2026 and released on Tuesday, June 9, 2026
Read more
https://nairametrics.com/2026/06/10/imf-urges-nigeria-to-regulate-stablecoins-amid-rising-crypto-stability-risks/ | 177 |
| 11 |  "If i know that there is a large private placement in this IPO i am not going to participate"- Samson Esemuede
Dangote Refinery IPO could shake the entire market, but is it priced right? There’s already sell pressure building and it’s not random.
Before committing capital, serious investors need clarity on: the true valuation, the actual numbers behind the business and whether there’s a large private placement advantage, Because hype alone isn’t enough.
👉 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 . | 185 |
| 12 |  President Bola Tinubu has said that the Federal Government is constructing more than 15,000 housing units across Nigeria as part of efforts to expand access to affordable housing and address the country’s housing deficit.
Tinubu made this known in a statement shared on his official X page on Tuesday.
He said the housing projects are part of the Renewed Hope Agenda, which targets the delivery of 100,000 homes nationwide through housing cities and estates across the country.
Visit www.nairametrics.com to read more | 241 |
| 13 | Airtel Africa, leading Tier 1 banks drive N834.67 billion equities gain on Tuesday
The Nigerian equities market extended its recovery into a third consecutive session on Tuesday, June 9, 2026, as Airtel Africa’s maximum 10% daily gain — alongside broad-based buying in Tier 1 banking stocks and insurance counters drove N834.67 billion equities gains.
The NGX All-Share Index (ASI) appreciated by 0.53% to 244,697.62 points, just as the market capitalization rose by equal percentage, pushing the value of traded stocks to N156.79 trillion, up from N156.108 trillion.
Trading data from the Nigerian Exchange Group (NGX) showed the session built on Friday’s tentative N234.73 billion rebound — the first positive session of June — suggesting that the market correction phase that erased about N5 trillion between June 1 and June 4 is beginning to reverse.
Read more
https://nairametrics.com/2026/06/10/airtel-africa-leading-tier-1-banks-drive-n834-67-billion-equities-gain-on-tuesday/ | 259 |
| 14 |  Success is not about never falling; it's about getting up every time you do.
Be resilient in the journey and disciplined with your resources. Small habits today shape big outcomes tomorrow.
🎥Stanfordgsb | 258 |
| 15 | TikTok removes 4 million videos, interrupts 86,000 LIVE sessions in Nigeria
TikTok took down more than 4 million videos and shut down over 86,000 live sessions in Nigeria in the fourth quarter of 2025.
According to the News Agency of Nigeria, (NAN), citing TikTok’s Q4 2025 Community Guidelines Enforcement Report released on Tuesday, this comes as the company steps up efforts to police harmful content across one of its fastest-growing African markets.
Nigeria’s removal numbers reflect both the scale of content being uploaded on the platform and the increasing sophistication of the automated systems TikTok is deploying to catch violations before users even encounter them.
Read more
https://nairametrics.com/2026/06/09/tiktok-removes-4-million-videos-interrupts-86000-live-sessions-in-nigeria/ | 354 |
| 16 |  The broad market rally has been impressive this year, despite the pullback seen in the first week of June. As of the close of trading in May 2026, the NGX All-Share Index gained 60.9% YTD.
However, in the first week of June, the benchmark index shed 7,792.16 points from the previous week’s close of 250,385.47 points, while market capitalization declined by 3.06% to N155.59 trillion, wiping out approximately N4.91 trillion in investor wealth.
Despite the pullback, about 77 stocks still have year-to-date returns above the inflation rate of 15.69%, and about 30 stocks have achieved triple-digit YTD gains.
Here are Five NGX stocks analysts say are worth buying in H2 2026.
Visit www.nairametrics.com to read more. | 358 |
| 17 | ₦1 million. One stock. No second chances. Which are you buying today? 👇
| 322 |
| 18 | Nigeria’s latest trade data shows higher earnings and lower imports. But is it true economic progress, or is there more to the story?
Let’s discuss it live tonight!
🎙️ Nairametrics X Spaces
🕕 6:00 PM | Tuesday, June 9th, 2026
🔗 Click the link to join the conversation.
https://x.com/i/spaces/1qKVmmzgPOmxB | 315 |
| 19 |  “Bad news for the market… is the BEST news for smart investors.” 👀
While many panic during market dips, the real players are getting excited. Because in markets like this: Speculators chase price, Investors chase VALUE
The takeaway:
👉Corrections create opportunities for disciplined investors
👉 But only if you understand earnings vs hype
Watch the full conversation on YouTube @nairametrics.tv
https://youtu.be/CLzeiX8gUFw | 302 |
| 20 | EXCLUSIVE: Ibom Power to pay off ‘$7.8 million’ Afreximbank loan by 2028
The African Export-Import Bank (Afreximbank) and Ibom Power Company have formally agreed that the latter will make quarterly repayments on an over $7 million loan(Settlement Sum) obtained from the bank, with full repayment targeted by 2028.
This is according to the Terms of Settlement signed by the legal teams of Ibom Power and Afreximbank, and exclusively seen by Nairametrics, in Suit No. FHC/ABJ/NRJ/6/2024 before the Federal High Court, Abuja.
Ibom Power Company is owned by the Akwa Ibom State Government.
Read more
https://nairametrics.com/2026/06/09/exclusive-ibom-power-to-pay-off-7-8-million-afreximbank-loan-by-2028/ | 331 |
