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Kanal postlari
ICYMI. DINNER STORIES
MTN Group eyes banking licences as lending becomes its next big bet https://nairametrics.com/2026/08/25/mtn-group-eyes-banking-licences-as-lending-becomes-its-next-big-bet/
Victoria Island to deliver 602 new homes in 2026 amid rising Lagos rents
https://nairametrics.com/2026/08/25/victoria-island-to-deliver-602-new-homes-in-2026-amid-rising-lagos-rents/
Universal Insurance drags NAICOM to court, secures leave to challenge licence revocation
https://nairametrics.com/2026/08/25/universal-insurance-drags-naicom-to-court-secures-leave-to-challenge-licence-revocation/
REITs vs OMO bills, where should Nigerian investors put their money? https://nairametrics.com/2026/08/25/reits-vs-omo-bills-where-should-nigerian-investors-put-their-money/
Nigeria’s FX market hits 2026 high of $5.06 billion, Spot trades cross $5 billion mark
https://nairametrics.com/2026/08/25/nigerias-fx-market-hits-2026-high-of-5-06-billion-spot-trades-cross-5-billion-mark/
| 2 | Music veteran Dolly Parton dies at 80
Dolly Parton, the American country music star whose career spanned nearly six decades across music, film, television and business, has died at the age of 80.
Parton died on Tuesday in Nashville, Tennessee, her family announced.
No cause of death was disclosed, although the singer had spoken publicly about dealing with health issues in recent weeks.
Her death marks the end of a career that transformed her from a child raised in poverty in rural Tennessee into one of the world’s most recognisable entertainers.
Read more
https://nairametrics.com/2026/08/25/music-veteran-dolly-parton-dies-at-80/ | 135 |
| 3 | Moniepoint winds down UK remittance business MonieWorld
Moniepoint Inc. has announced plans to transition its UK-based remittance business, MonieWorld, as the fintech group redirects capital and resources towards its core financial platform for African businesses.
The company disclosed this in a statement on Tuesday, saying the decision followed a review of its portfolio and long-term priorities.
MonieWorld was launched in April 2025 to enable Nigerians in the diaspora to send money directly to Nigerian bank accounts.
Read more
https://nairametrics.com/2026/08/25/moniepoint-winds-down-uk-remittance-business-monieworld/ | 177 |
| 4 | Customs names Olusola Salako Acting Controller of Lilypond Export Command
The Nigeria Customs Service (NCS), Lilypond Export Command, has named Deputy Comptroller Olusola Salako as its Acting Customs Area Controller (CAC).
The development was disclosed by the command’s Public Relations Officer, Mrs Olushola Oke, in a statement made available to the News Agency of Nigeria (NAN) on Tuesday in Lagos.
Salako assumed duty following the retirement of Comptroller Samuel Ariyibi, the command’s former CAC, at a formal handover ceremony.
Read more
https://nairametrics.com/2026/08/25/customs-names-olusola-salako-acting-controller-of-lilypond-export-command/ | 220 |
| 5 | Ghana to ban export of unrefined artisanal gold from September 1
Ghana will ban the export of unrefined artisanal gold dore purchased under approved off-take arrangements from September 1, 2026, requiring the gold to be refined locally before it can be shipped out of the country.
The directive was issued by the Ghana Gold Board (GoldBod) on Monday, August 24, as the West African country steps up efforts to retain more value from its gold resources and expand domestic refining.
Gold dore is a semi-refined form of gold produced after mined ore has been processed to separate the precious metal from much of the surrounding material.
Read more
https://nairametrics.com/2026/08/25/ghana-to-ban-export-of-unrefined-artisanal-gold-from-september-1/ | 240 |
| 6 | FG links Carter Bridge failure to detached piles, corrosion, illegal mining
The Federal Government has attributed the failure of Lagos’ Carter Bridge to detached piles, significant corrosion, inadequate maintenance and illegal sand mining.
The Minister of Works, Dave Umahi, disclosed this during an inspection of the ongoing reconstruction of the Carter and Iddo Bridges in Lagos on Monday, August 24, 2026.
He said the 1.58-kilometre Carter Bridge, which has been in existence for about 60 to 70 years, suffered significant structural deterioration and is now undergoing reconstruction.
Read more
https://nairametrics.com/2026/08/25/fg-links-carter-bridge-failure-to-detached-piles-corrosion-illegal-mining/ | 215 |
| 7 |  The difference between successful investors and everyone else isn't luck. It is knowledge. It is discipline. It is having a framework that truly works.
Time is ticking! Register for the Nairametrics Wealth Academy, and learn from the very best how to take absolute control of your financial journey.
CLICK HERE TO REGISTER NOW: academy.nairametrics.com
STARTING ON SEPTEMBER 28
Limited slots available.
For further enquiries:
Call/WhatsApp Princewill (08066465322)
Email: princewill.ugwu@nairametrics.com | 240 |
| 8 | Lagos Govt says it paid N168.2 Billion to over 48,000 retirees in 19 years
The Lagos State Government has paid a cumulative N168.2 billion to over 48,000 retirees under the Contributory Pension Scheme since 2007, including a landmark N5 billion single-batch payment in July 2024 that cleared all outstanding pension backlogs at the time.
The state government disclosed the figures on Tuesday via its official Facebook page, describing the administration’s pension record as the strongest in the state’s history.
LASPEC added that from May 2019 to date, the government has disbursed N92 billion in accrued rights to more than 25,000 retirees. Accrued rights cover both the gratuity and pension components owed to retiring officers.
Read more
https://nairametrics.com/2026/08/25/lagos-govt-says-it-paid-n168-2-billion-to-over-48000-retirees-in-19-years/ | 228 |
| 9 | Nigeria’s petrol consumption drops 25% in July — NMDPRA
Nigeria recorded a sharp drop in domestic petrol supply and consumption in July 2026, even as inventory levels improved across major petroleum products.
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) disclosed this in its latest data.
The regulator’s July 2026 Factsheet shows that daily domestic Premium Motor Spirit (PMS) supply fell 21% month-on-month to 25.8 million litres per day (lpd), down from 32.5 million lpd in June.
Consumption tumbled even further, falling 25% to 35.7 million lpd compared to 47.4 million lpd the previous month.
Read more
https://nairametrics.com/2026/08/25/nigerias-petrol-consumption-drops-25-in-july-nmdpra/ | 223 |
| 10 | NGX correction deepens as investors lock in gains after record run
Nigerian equities have been on intense profit-taking selloffs.
Though market correction episodes and choppy consolidation ranges are common, the overarching market theme remains one of significant macro-driven upswings supported by strong local demand.
The NGX All-Share Index (ASI) settled below the 240K mark, maintaining massive year-to-date (YTD) gains of 54% at present.
The NGX has succumbed to a protracted bears’ correction following new peaks that pushed it to historic high(s) early this year & earning the Nigeria Stock Exchange (NGX) recognition as one of the best-performing equity markets in the world.
Read more
https://nairametrics.com/2026/08/25/ngx-correction-deepens-as-investors-lock-in-gains-after-record-run/ | 249 |
| 11 | FG rallies NIMC, CAC, NIPOST to build Nigeria’s digital address system
The Federal Government has taken a major step toward developing a modern, digitised national addressing system, with the National Addressing Council (NAC) ratifying a preliminary framework to coordinate implementation across key public institutions.
The decision was reached during a meeting of the Council chaired by Vice President Kashim Shettima in Abuja on Monday, according to a statement issued by Stanley Nkwocha, Senior Special Assistant to the VP on Media and Communications.
Read more
https://nairametrics.com/2026/08/25/fg-rallies-nimc-cac-nipost-to-build-nigerias-digital-address-system/ | 216 |
| 12 | Dangote Refinery drives 767% surge in Nigeria’s petroleum exports to Europe
Nigeria’s seaborne refined petroleum exports to Europe surged by about 767% to 130,000 barrels per day (b/d) in the second quarter of 2026, from 15,000 b/d in 2023, as increased output from the Dangote refinery reshapes the country’s petroleum trade.
The increase was disclosed by the U.S. Energy Information Administration (EIA) in an analysis published on Monday, August 24, 2026, using petroleum shipping data from Vortexa.
Read more
https://nairametrics.com/2026/08/25/dangote-refinery-drives-767-surge-in-nigerias-petroleum-exports-to-europe/ | 191 |
| 13 | Bitcoin surges above $80,000 as US Treasury bond moves fuel crypto rally
Bitcoin climbed above $80,000 on Tuesday to its highest level in more than three months, as weakness in the US dollar and moves by the US Treasury to ease pressure in the bond market renewed appetite for cryptocurrencies.
According to Reuters, the world’s largest cryptocurrency was trading at $80,323.24 in Asian trading hours after reaching $81,237.94 earlier in the session, its highest level since mid-May.
Bitcoin has gained about 16% since US President Donald Trump last week urged Congress to pass legislation providing clearer regulatory definitions for the cryptocurrency industry.
The latest rally has lifted bitcoin’s August gain to about 28%, putting it on track for its strongest monthly performance since November 2024.
Read more
https://nairametrics.com/2026/08/25/bitcoin-surges-above-80000-as-us-treasury-bond-moves-fuel-crypto-rally/ | 209 |
| 14 | Japan increases Foreign Residency fees by 1,150%, effective October 2026
Japan is set to sharply increase the fees foreign nationals pay to renew or change their residency status, with some applications costing more than 12 times the current rate as the government moves to revise its immigration-related charges.
The government adopted an ordinance Tuesday that will raise the fees for residency procedures from October.
The changes will increase the cost of extending or changing residency status from a uniform ¥6,000($37) to as much as ¥75,000($470.29), depending on the length of the new status.
The increases are part of broader changes to Japan’s immigration system and were authorized under a revised immigration control and refugee recognition law enacted in May.
Read more
https://nairametrics.com/2026/08/25/japan-increases-foreign-residency-fees-by-1150-from-october-2026/ | 230 |
| 15 | US to revoke up to 200,000 tourist and business visas of asylum seekers
The Trump administration is preparing to revoke the business and tourist visas of as many as 200,000 foreign nationals who have applied for asylum or are seeking asylum in the United States, according to State Department documents obtained by The Associated Press and two U.S. officials.
If carried out, the measure would represent the largest mass revocation of U.S. visas in the country’s history and is likely to face legal challenges, AP News reported.
Read more
https://nairametrics.com/2026/08/25/us-to-revoke-up-to-200000-tourist-and-business-visas-of-asylum-seekers/ | 207 |
| 16 | Nearly N5 trillion worth of property in Federal Housing Authority possession, MD reveals
The Federal Housing Authority (FHA) is in possession of property worth nearly N5 trillion, according to its Managing Director and Chief Executive Officer, Oyetunde Ojo.
Ojo disclosed this during the Federal Housing Authority media chat broadcast by Arise News TV on Monday.
The media chat focused on the authority’s housing projects, developments across the country and the financing arrangements being used to support housing delivery.
Read more
https://nairametrics.com/2026/08/25/nearly-n5-trillion-worth-of-property-in-federal-housing-authority-possession-md-reveals/ | 209 |
| 17 | ICYMI. BREAKFAST STORIES
CNG adoption rises as oil marketers cite bank-funded vehicle conversions
https://nairametrics.com/2026/08/25/cng-adoption-rises-as-oil-marketers-cite-bank-funded-vehicle-conversions/
Spider-Man: Brand New Day breaks West Africa box office record with N1.8 billion
https://nairametrics.com/2026/08/24/spider-man-brand-new-day-breaks-west-africa-box-office-record-with-n1-8-billion/
US Embassy warns Nigerian visa applicants over fake documents, security threats
https://nairametrics.com/2026/08/24/us-embassy-warns-nigerian-visa-applicants-over-fake-documents-security-threats/
FirstBank, PAPSS and the race to own Africa’s payment rails
https://nairametrics.com/2026/08/24/firstbank-papss-and-the-race-to-own-africas-payment-rails/
NCNE says 5.2 million nomadic children shut out of school across Nigeria
https://nairametrics.com/2026/08/24/ncne-says-5-2-million-nomadic-children-shut-out-of-school-across-nigeria/ | 211 |
| 18 | Lagos issues traffic diversion plan for Oke-Afa Bridge rehabilitation starting Friday
The Lagos State Government has issued a traffic diversion plan ahead of the three-week rehabilitation of Oke-Afa Bridge in Isolo, which begins Friday, August 28.
The announcement was made by the Lagos State Ministry of Transportation on Monday, August 24, 2026.
The rehabilitation will run until Friday, September 18, with traffic diverted in phases as work is carried out on each side of the bridge
Read more
https://nairametrics.com/2026/08/25/lagos-issues-traffic-diversion-plan-for-oke-afa-bridge-rehabilitation-starting-friday/ | 204 |
| 19 | NITDA inaugurates taskforce to drive Nigeria’s sovereign cloud implementation
The National Information Technology Development Agency (NITDA) has inaugurated the National Sovereign Cloud Initiative Implementation Taskforce (NSCI-ITF).
This development marks Nigeria’s transition from developing its sovereign cloud framework to coordinated implementation and delivery.
NITDA announced the development in a statement on Monday, noting that the taskforce will serve as the principal multi-stakeholder mechanism for driving and coordinating the implementation of the National Sovereign Cloud Initiative (NSCI).
Read more
https://nairametrics.com/2026/08/25/nitda-inaugurates-taskforce-to-drive-nigerias-sovereign-cloud-implementation/ | 207 |
| 20 | Court of Appeal overturns ruling against Presco’s AGM, rights issue
The Court of Appeal in Benin has overturned a Federal High Court ruling that had affected Presco Plc’s 2025 Annual General Meeting (AGM), rights issue and other corporate actions, clearing the way for the company to proceed with the resolutions and capital-raising programme.
Presco disclosed this in a statement signed by its Company Secretary, Frederick Ichekwai, and released to shareholders and the investing public on Monday, August 24, 2026, following the appellate court’s judgment delivered on August 21, 2026.
Read more
https://nairametrics.com/2026/08/24/court-of-appeal-overturns-ruling-against-prescos-agm-rights-issue/ | 249 |
