Nairametrics

09/10/2026

Nairametrics
Nigeria does not have a shortage of people who work. We have a shortage of productive
work.

Every morning, millions of Nigerians trade, farm, build, repair, transport, cook, manufacture,
code and provide services. They work long hours and demonstrate extraordinary resilience.

Yet too much of this economic activity remains trapped in low-productivity, informal and
fragmented

Nigeria does not have a shortage of people who work. We have a shortage of productive work. Every morning, millions of Nigerians trade, farm, build, repair, transport, cook, manufacture, code and provide services. They work long hours and demonstrate extraordinary resilience. Yet too much of this ec...

09/10/2026

Nairametrics
The Central Bank of Nigeria (CBN) has disclosed that some bank owners, shareholders and board members have exited the banking industry following stricter enforcement of insider credit rules, warning that directors who persist in insider credit abuses could lose their board positions.

The Central Bank of Nigeria (CBN) has disclosed that some bank owners, shareholders and board members have exited the banking industry following stricter enforcement of insider credit rules, warning that directors who persist in insider credit abuses could lose their board positions.

09/10/2026

30 Days of Fuel Discounts: What Happens on Day 31?

Watch this video for the full analysis.

09/10/2026

Nairametrics
The Nigerian Exchange (NGX) rebounded from consecutive sessions of decline on Friday, October 9, 2026, as market capitalisation gained N208.46 billion.

The Nigerian Exchange (NGX) rebounded from consecutive sessions of decline on Friday, October 9, 2026, as market capitalisation gained N208.46 billion.

09/10/2026

Nairametrics
Sterling Financial Holdings Company Plc has completed its 1-for-10 share reconstruction and resumed trading on the Nigerian Exchange at a reference price of N77.00, up mechanically from N7.70 before the exercise, while its market capitalisation remained unchanged at about N527.5 billion

Sterling Financial Holdings Company Plc has completed its 1-for-10 share reconstruction and resumed trading on the Nigerian Exchange at a reference price of N77.00, up mechanically from N7.70 before the exercise, while its market capitalisation remained unchanged at about N527.5 billion

09/10/2026

Nairametrics
The naira is projected to trade at around N1,330 per dollar in the fourth quarter of 2026, with a full-year average of about N1,385/$, as rising foreign reserves, returning portfolio inflows and lower fuel import requirements support the currency.

The naira is projected to trade at around N1,330 per dollar in the fourth quarter of 2026, with a full-year average of about N1,385/$, as rising foreign reserves, returning portfolio inflows and lower fuel import requirements support the currency.

09/10/2026

Nairametrics
The Nigerian Bulk Electricity Trading Plc (NBET) has commenced the settlement of N729 billion in outstanding debts owed to participating electricity Generation Companies (GenCos) and their associated gas suppliers.

The Nigerian Bulk Electricity Trading Plc (NBET) has commenced the settlement of N729 billion in outstanding debts owed to participating electricity Generation Companies (GenCos) and their associated gas suppliers.

09/10/2026

Nairametrics
Managing Director and Chief Executive Officer of FMDQ Group, Zeal Akaraiwe has explained why financial technology companies (fintechs) cannot directly trade in Nigeria’s foreign exchange market, citing regulatory restrictions, licensing requirements and the country’s exchange control framework.

Managing Director and Chief Executive Officer of FMDQ Group, Zeal Akaraiwe has explained why financial technology companies (fintechs) cannot directly trade in Nigeria’s foreign exchange market, citing regulatory restrictions, licensing requirements and the country’s exchange control framework.

09/10/2026

Nigeria’s insurance companies are ramping up product innovation and retail-focused offerings following the completion of the industry’s recapitalisation exercise, as operators seek to deploy fresh capital, expand market share, and deepen insurance pe*******on.

The sector recently concluded one of its most significant reforms in decades, with insurance and reinsurance firms raising an estimated N720 billion under the National Insurance Commission’s (NAICOM) recapitalisation programme.

The exercise, which ran from August 2025 to July 31, 2026, resulted in 48 insurance companies and two reinsurance firms meeting the regulator’s new capital requirements.

Visit www.nairametrics.com to read more.

09/10/2026

Google has expanded access to its SynthID Detector, allowing people worldwide to check images, videos and audio files for signs that they were generated using artificial intelligence (AI).

Pushmeet Kohli, vice president of Science aznd Strategic Initiatives at Google DeepMind, announced the development in a blog post. The tool, previously available in an early version to media professionals, is now available globally in English.

It allows users to check whether images, videos and audio contain SynthID watermarks in supported AI-generated content from Google and partners including OpenAI, NVIDIA and Kakao. Apple is expected to join soon.

Visit www.nairametrics.com to read more.