SUNU Assurances appoints TAC Professional Services as new external auditors
SUNU Assurances Nigeria Plc has appointed TAC Professional Services as its new External Auditors, following the retirement of SIAO Partners, which completed the maximum eight-year tenure permitted under the National Insurance Commission’s (NAICOM) Corporate Governance Guidelines 2021.
Read more
https://nairametrics.com/2026/09/22/sunu-assurances-appoints-tac-professional-services-as-new-external- auditors/
SUNU Assurances Nigeria Plc has appointed TAC Professional Services as its new External Auditors, following the retirement of SIAO Partners, which completed the maximum eight-year tenure permitted under the National Insurance Commission’s (NAICOM) Corporate Governance Guidelines 2021.
Read more
https://nairametrics.com/2026/09/22/sunu-assurances-appoints-tac-professional-services-as-new-external- auditors/
Nairametrics
SUNU Assurances appoints TAC Professional Services as new external auditors
SUNU Assurances Nigeria Plc has appointed TAC Professional Services as its new External Auditors, following the retirement of SIAO Partners, which completed the maximum eight-year tenure permitted under the National Insurance Commission’s (NAICOM) Corporate…
Credit to government declines for third consecutive month, falls to N32.7 trillion in August
Credit to the government declined for the third consecutive month, falling to N32.7 trillion in August 2026.
This is according to the latest data from the Central Bank of Nigeria (CBN).
The decline came as credit to the private sector increased to N84.55 trillion, although it remained below the N94.61 trillion recorded in February 2026.
Read more
https://nairametrics.com/2026/09/22/credit-to-government-declines-for-third-consecutive-month-falls-to-n32-7-trillion-in-august/
Credit to the government declined for the third consecutive month, falling to N32.7 trillion in August 2026.
This is according to the latest data from the Central Bank of Nigeria (CBN).
The decline came as credit to the private sector increased to N84.55 trillion, although it remained below the N94.61 trillion recorded in February 2026.
Read more
https://nairametrics.com/2026/09/22/credit-to-government-declines-for-third-consecutive-month-falls-to-n32-7-trillion-in-august/
Nairametrics
Credit to government declines for third consecutive month, falls to N32.7 trillion in August
Credit to the government declined for the third consecutive month, falling to N32.7 trillion in August 2026.
CBN data localisation push could make Nigeria Africa’s data hub—OADC CEO
The Central Bank of Nigeria’s directive requiring banks and fintechs to host their data in Nigeria by January 2027 is creating fresh demand for local data centre and cloud infrastructure, while raising questions about capacity, resilience and power.
For Ayotunde Coker, CEO of Open Access Data Centres (OADC), the policy could do more than bring financial institutions’ data back home.
Read more
https://nairametrics.com/2026/09/22/cbn-data-localisation-push-could-make-nigeria-africas-data-hub-oadc-ceo/
The Central Bank of Nigeria’s directive requiring banks and fintechs to host their data in Nigeria by January 2027 is creating fresh demand for local data centre and cloud infrastructure, while raising questions about capacity, resilience and power.
For Ayotunde Coker, CEO of Open Access Data Centres (OADC), the policy could do more than bring financial institutions’ data back home.
Read more
https://nairametrics.com/2026/09/22/cbn-data-localisation-push-could-make-nigeria-africas-data-hub-oadc-ceo/
Nairametrics
CBN data localisation push could make Nigeria Africa’s data hub—OADC CEO
The Central Bank of Nigeria’s directive requiring banks and fintechs to host their data in Nigeria by January 2027 is creating fresh demand for local data centre and cloud infrastructure, while raising questions about capacity, resilience and power.
Dangote dismisses monopoly claims, says refining opportunity was open to all
Aliko Dangote, Chairman of Dangote Group, has dismissed accusations that he is running a monopoly in Nigeria’s oil refining sector, insisting that the opportunity to invest was available to everyone, including foreign investors.
He made the remarks during an interview with Al Jazeera.
Read more
https://nairametrics.com/2026/09/22/dangote-dismisses-monopoly-claims-says-refining-opportunity-was-open-to-all/
Aliko Dangote, Chairman of Dangote Group, has dismissed accusations that he is running a monopoly in Nigeria’s oil refining sector, insisting that the opportunity to invest was available to everyone, including foreign investors.
He made the remarks during an interview with Al Jazeera.
Read more
https://nairametrics.com/2026/09/22/dangote-dismisses-monopoly-claims-says-refining-opportunity-was-open-to-all/
Nairametrics
Dangote dismisses monopoly claims, says refining opportunity was open to all
Aliko Dangote, Chairman of Dangote Group, has dismissed accusations that he is running a monopoly in Nigeria's oil refining sector, insisting that the opportunity to invest was available to everyone, including foreign investors.
Stock Buy Recommendations: BUA Cement, UBA and MTN top brokers’ late-September list
BUA Cement, UBA and MTN Nigeria have emerged among brokers’ leading stock picks for late September as analysts continue to identify buying opportunities despite the Nigerian equities market trading at record levels.
A Nairametrics review of recommendations from six brokerage firms showed that the three stocks received positive ratings from at least four brokers.
Read more
https://nairametrics.com/2026/09/22/stock-buy-recommendations-bua-cement-uba-and-mtn-top-brokers-late-september-list/
BUA Cement, UBA and MTN Nigeria have emerged among brokers’ leading stock picks for late September as analysts continue to identify buying opportunities despite the Nigerian equities market trading at record levels.
A Nairametrics review of recommendations from six brokerage firms showed that the three stocks received positive ratings from at least four brokers.
Read more
https://nairametrics.com/2026/09/22/stock-buy-recommendations-bua-cement-uba-and-mtn-top-brokers-late-september-list/
Nairametrics
Stock Buy Recommendations: BUA Cement, UBA and MTN top brokers’ late-September list
BUA Cement, UBA and MTN Nigeria have emerged among brokers’ leading stock picks for late September as analysts continue to identify buying opportunities despite the Nigerian equities market trading at record levels.
US expands social media checks to foreign media journalists, other visa applicants from Oct 1
The United States will expand mandatory social media screening to I, TN and TD visa applicants from October 1, 2026, requiring applicants in the affected categories to make their social media profiles public or open.
The new requirement will apply to I visa applicants, including foreign journalists and other foreign media representatives, as well as TN professionals and TD dependents under the United States-Mexico-Canada Agreement (USMCA), Travel Biz reported.
Read more
https://nairametrics.com/2026/09/22/us-expands-social-media-checks-to-foreign-media-journalists-other-visa-applicants-from-oct-1/
The United States will expand mandatory social media screening to I, TN and TD visa applicants from October 1, 2026, requiring applicants in the affected categories to make their social media profiles public or open.
The new requirement will apply to I visa applicants, including foreign journalists and other foreign media representatives, as well as TN professionals and TD dependents under the United States-Mexico-Canada Agreement (USMCA), Travel Biz reported.
Read more
https://nairametrics.com/2026/09/22/us-expands-social-media-checks-to-foreign-media-journalists-other-visa-applicants-from-oct-1/
Nairametrics
US expands social media checks to foreign media journalists, other visa applicants from Oct 1
The United States will expand mandatory social media screening to I, TN and TD visa applicants from October 1, 2026, requiring applicants in the affected categories to make their social media profiles public or open.
The Nairametrics Wealth Academy kicks off on Monday, September 28th. Our faculty of seasoned market practitioners is ready to equip you with practical strategies for making smarter, data-driven investment decisions.
Secure your seat now before enrolment closes!
Click here to register: academy.nairametrics.com/?l=d
Call/WhatsApp Princewill: 08066465322
Email: princewill.ugwu@nairametrics.com
Secure your seat now before enrolment closes!
Click here to register: academy.nairametrics.com/?l=d
Call/WhatsApp Princewill: 08066465322
Email: princewill.ugwu@nairametrics.com
Media is too big
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Interest rate has been cut by 350bps!!!!
Do you agree with the decision to cut rates?
Do you agree with the decision to cut rates?
ICYMI. LUNCH STORIES
UNGA: ‘Leaders prioritise what matters most’- Elumelu
https://nairametrics.com/2026/09/22/unga-leaders-prioritise-what-matters-most-elumelu/
Nigeria Customs floors Laurium Mining Company as Court dismisses N34 million import waiver suit
https://nairametrics.com/2026/09/22/nigeria-customs-floors-laurium-mining-company-as-court-dismisses-n34-million-import-waiver-suit/
Nigerian Stocks Blasts Past 250,000 Ceiling ahead of Dangote refinery Listing
https://nairametrics.com/2026/09/22/nigerian-stocks-blasts-past-250000-ceiling-ahead-of-dangote-refinery-listing/
Oil falls to two-week low after Iran signals plans to re-open strait within seven days
https://nairametrics.com/2026/09/22/oil-falls-to-two-week-low-after-iran-signals-plans-to-re-open-strait-within-seven-days/
$5 billion swap deal raises questions despite Nigeria’s record $54.6 billion reserves
https://nairametrics.com/2026/09/22/5-billion-swap-deal-raises-questions-despite-nigerias-record-54-6-billion-reserves/
Dangote signs $450 million deal with Engineers India to build Kenya refinery
https://nairametrics.com/2026/09/22/dangote-signs-450-million-deal-with-engineers-india-to-build-kenya-refinery/
NEPZA tightens import checks, targets illegal imports in Free Trade Zones
https://nairametrics.com/2026/09/22/nepza-tightens-import-checks-targets-illegal-imports-in-free-trade-zones/
UNGA: ‘Leaders prioritise what matters most’- Elumelu
https://nairametrics.com/2026/09/22/unga-leaders-prioritise-what-matters-most-elumelu/
Nigeria Customs floors Laurium Mining Company as Court dismisses N34 million import waiver suit
https://nairametrics.com/2026/09/22/nigeria-customs-floors-laurium-mining-company-as-court-dismisses-n34-million-import-waiver-suit/
Nigerian Stocks Blasts Past 250,000 Ceiling ahead of Dangote refinery Listing
https://nairametrics.com/2026/09/22/nigerian-stocks-blasts-past-250000-ceiling-ahead-of-dangote-refinery-listing/
Oil falls to two-week low after Iran signals plans to re-open strait within seven days
https://nairametrics.com/2026/09/22/oil-falls-to-two-week-low-after-iran-signals-plans-to-re-open-strait-within-seven-days/
$5 billion swap deal raises questions despite Nigeria’s record $54.6 billion reserves
https://nairametrics.com/2026/09/22/5-billion-swap-deal-raises-questions-despite-nigerias-record-54-6-billion-reserves/
Dangote signs $450 million deal with Engineers India to build Kenya refinery
https://nairametrics.com/2026/09/22/dangote-signs-450-million-deal-with-engineers-india-to-build-kenya-refinery/
NEPZA tightens import checks, targets illegal imports in Free Trade Zones
https://nairametrics.com/2026/09/22/nepza-tightens-import-checks-targets-illegal-imports-in-free-trade-zones/
Nairametrics
UNGA: 'Leaders prioritise what matters most'- Elumelu
Tony Elumelu, Chairman of Heirs Holdings, has said leaders make decisions about how to allocate their time based on the issues and responsibilities they consider most important.
Experts: FG tariff freeze could deepen electricity market revenue pressure
The Federal Government’s decision not to increase electricity tariffs in the immediate term could leave Nigeria’s electricity market facing a persistent revenue shortfall, as DisCos have limited scope to raise collections through higher tariffs while the cost of supplying electricity continues to exceed revenue recovered from consumers.
Read more
https://nairametrics.com/2026/09/22/experts-fg-tariff-freeze-could-deepen-electricity-market-revenue-pressure/
The Federal Government’s decision not to increase electricity tariffs in the immediate term could leave Nigeria’s electricity market facing a persistent revenue shortfall, as DisCos have limited scope to raise collections through higher tariffs while the cost of supplying electricity continues to exceed revenue recovered from consumers.
Read more
https://nairametrics.com/2026/09/22/experts-fg-tariff-freeze-could-deepen-electricity-market-revenue-pressure/
Nairametrics
Experts: FG tariff freeze could deepen electricity market revenue pressure
The Federal Government’s decision not to increase electricity tariffs in the immediate term could leave Nigeria’s electricity market facing a persistent revenue shortfall, as DisCos have limited scope to raise collections through higher tariffs while the…
NMDPRA threatens licence revocation for petrol stations under-dispensing products
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has warned petrol station operators nationwide that persistent or serious cases of under-dispensing could lead to sanctions, including revocation of their licences.
The warning was disclosed by the NMDPRA on September 22 in a post on its official X account, as the Authority announced intensified inspections and enforcement activities across the country.
Read more
https://nairametrics.com/2026/09/22/nmdpra-threatens-licence-revocation-for-petrol-stations-under-dispensing-products/
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has warned petrol station operators nationwide that persistent or serious cases of under-dispensing could lead to sanctions, including revocation of their licences.
The warning was disclosed by the NMDPRA on September 22 in a post on its official X account, as the Authority announced intensified inspections and enforcement activities across the country.
Read more
https://nairametrics.com/2026/09/22/nmdpra-threatens-licence-revocation-for-petrol-stations-under-dispensing-products/
Nairametrics
NMDPRA threatens licence revocation for petrol stations under-dispensing products
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has warned petrol station operators nationwide that persistent or serious cases of under-dispensing could lead to sanctions, including revocation of their licences.
CBN says MPR reset due to disconnect with market rates
The Central Bank of Nigeria (CBN) has explained why it “reset” the Monetary Policy Rate (MPR) from 26.5% to 23%, saying the previous benchmark had become disconnected from the rates actually used in the financial markets.
This is contained in an explanatory note on the decisions of the Monetary Policy Committee (MPC), a copy of which was obtained by Nairametrics following the committee’s 307th meeting in Abuja.
Read more
https://nairametrics.com/2026/09/22/cbn-says-mpr-reset-due-to-disconnect-with-market-rates/
The Central Bank of Nigeria (CBN) has explained why it “reset” the Monetary Policy Rate (MPR) from 26.5% to 23%, saying the previous benchmark had become disconnected from the rates actually used in the financial markets.
This is contained in an explanatory note on the decisions of the Monetary Policy Committee (MPC), a copy of which was obtained by Nairametrics following the committee’s 307th meeting in Abuja.
Read more
https://nairametrics.com/2026/09/22/cbn-says-mpr-reset-due-to-disconnect-with-market-rates/
Nairametrics
BREAKING: CBN says MPR reset due to disconnect with market rates
The Central Bank of Nigeria (CBN) has explained why it “reset” the Monetary Policy Rate (MPR) from 26.5% to 23%, saying the previous benchmark had become disconnected from the rates actually used in the financial markets.
Nigeria’s foreign reserves cross $55 billion, highest in over 18 years – Cardoso
Nigeria’s foreign reserves have crossed $55 billion, reaching their highest level in more than 18 years, according to Central Bank of Nigeria (CBN) Governor Olayemi Cardoso.
Cardoso announced the development at a news conference on Tuesday, following the 307th meeting of the Monetary Policy Committee (MPC) in Abuja.
Read more
https://nairametrics.com/2026/09/22/nigerias-foreign-reserves-cross-55-billion-highest-in-over-18-years-cardoso/
Nigeria’s foreign reserves have crossed $55 billion, reaching their highest level in more than 18 years, according to Central Bank of Nigeria (CBN) Governor Olayemi Cardoso.
Cardoso announced the development at a news conference on Tuesday, following the 307th meeting of the Monetary Policy Committee (MPC) in Abuja.
Read more
https://nairametrics.com/2026/09/22/nigerias-foreign-reserves-cross-55-billion-highest-in-over-18-years-cardoso/
Nairametrics
Nigeria’s foreign reserves cross $55 billion, highest in over 18 years – Cardoso
Nigeria’s foreign reserves have crossed $55 billion, reaching their highest level in more than 18 years, according to Central Bank of Nigeria (CBN) Governor Olayemi Cardoso.
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Dangote plans to cancel one of two of his planned business to fund Africa's power sector.
Watch this video for more insights.
Watch this video for more insights.
CBN 350bps MPR cut to drive equities demand as investors rotate from fixed income
Nigeria’s equities market could see stronger investor demand following the Central Bank of Nigeria’s (CBN) decision to cut its benchmark interest rate by 350 basis points to 23%.
The rate cut, announced after the Monetary Policy Committee’s 307th meeting, represents the second MPR reduction in 2026 and a significant easing of monetary conditions.
Read more
https://nairametrics.com/2026/09/22/cbn-350bps-mpr-cut-to-drive-equities-demand-as-investors-rotate-from-fixed-income/
Nigeria’s equities market could see stronger investor demand following the Central Bank of Nigeria’s (CBN) decision to cut its benchmark interest rate by 350 basis points to 23%.
The rate cut, announced after the Monetary Policy Committee’s 307th meeting, represents the second MPR reduction in 2026 and a significant easing of monetary conditions.
Read more
https://nairametrics.com/2026/09/22/cbn-350bps-mpr-cut-to-drive-equities-demand-as-investors-rotate-from-fixed-income/
Nairametrics
CBN 350bps MPR cut to drive equities demand as investors rotate from fixed income
Nigeria’s equities market could see stronger investor demand following the Central Bank of Nigeria’s (CBN) decision to cut its benchmark interest rate by 350 basis points to 23%.
ICYMI. DINNER STORIES
CBN 350bps MPR cut to drive equities demand as investors rotate from fixed income
And https://nairametrics.com/2026/09/22/cbn-350bps-mpr-cut-to-drive-equities-demand-as-investors-rotate-from-fixed-income/
Bank stocks fuel NGX surge as market cap hits N162.68 trillion https://nairametrics.com/2026/09/22/bank-stocks-fuel-ngx-surge-as-market-cap-hits-n162-68-trillion/
NMDPRA’s new fuel rules trigger pushback from marketers
https://nairametrics.com/2026/09/22/nmdpras-new-fuel-rules-trigger-pushback-from-marketers/
FG to deploy 300 containers of power equipment for nationwide transmission upgrades
https://nairametrics.com/2026/09/22/fg-to-deploy-300-containers-of-power-equipment-for-nationwide-transmission-upgrades/
CBN 350bps MPR cut to drive equities demand as investors rotate from fixed income
And https://nairametrics.com/2026/09/22/cbn-350bps-mpr-cut-to-drive-equities-demand-as-investors-rotate-from-fixed-income/
Bank stocks fuel NGX surge as market cap hits N162.68 trillion https://nairametrics.com/2026/09/22/bank-stocks-fuel-ngx-surge-as-market-cap-hits-n162-68-trillion/
NMDPRA’s new fuel rules trigger pushback from marketers
https://nairametrics.com/2026/09/22/nmdpras-new-fuel-rules-trigger-pushback-from-marketers/
FG to deploy 300 containers of power equipment for nationwide transmission upgrades
https://nairametrics.com/2026/09/22/fg-to-deploy-300-containers-of-power-equipment-for-nationwide-transmission-upgrades/
Nairametrics
CBN 350bps MPR cut to drive equities demand as investors rotate from fixed income
Nigeria’s equities market could see stronger investor demand following the Central Bank of Nigeria’s (CBN) decision to cut its benchmark interest rate by 350 basis points to 23%.
Foreign-Owned banks dominate Ghana’s secured lending market
Foreign-owned banks dominated Ghana’s secured lending market in the second quarter of 2026, accounting for 71.1% of the GH¢19.86 billion ($1.757 billion) in secured credit registered by banks.
According to a report by the Collateral Registry Department of the Bank of Ghana, published on Sunday, September 20, 2026, foreign-owned banks registered GH¢14.12 billion ($1.245 billion) in secured credit during the quarter.
Read more
https://nairametrics.com/2026/09/23/foreign-owned-banks-dominate-ghanas-secured-lending-market/
Foreign-owned banks dominated Ghana’s secured lending market in the second quarter of 2026, accounting for 71.1% of the GH¢19.86 billion ($1.757 billion) in secured credit registered by banks.
According to a report by the Collateral Registry Department of the Bank of Ghana, published on Sunday, September 20, 2026, foreign-owned banks registered GH¢14.12 billion ($1.245 billion) in secured credit during the quarter.
Read more
https://nairametrics.com/2026/09/23/foreign-owned-banks-dominate-ghanas-secured-lending-market/
Nairametrics
Foreign-Owned banks dominate Ghana’s secured lending market
Foreign-owned banks dominated Ghana’s secured lending market in the second quarter of 2026, accounting for 71.1% of the GH¢19.86 billion ($1.757 billion) in secured credit registered by banks.
CBN ready to manage election-related liquidity risks, says Cardoso
The Central Bank of Nigeria (CBN) is prepared to manage potential liquidity pressures arising from increased spending ahead of the 2027 general elections, Governor Olayemi Cardoso has said.
Cardoso gave the assurance while briefing journalists on the decisions of the CBN’s 307th Monetary Policy Committee (MPC) meeting in Abuja.
Read more
https://nairametrics.com/2026/09/23/cbn-ready-to-manage-election-related-liquidity-risks-says-cardoso/
The Central Bank of Nigeria (CBN) is prepared to manage potential liquidity pressures arising from increased spending ahead of the 2027 general elections, Governor Olayemi Cardoso has said.
Cardoso gave the assurance while briefing journalists on the decisions of the CBN’s 307th Monetary Policy Committee (MPC) meeting in Abuja.
Read more
https://nairametrics.com/2026/09/23/cbn-ready-to-manage-election-related-liquidity-risks-says-cardoso/
Nairametrics
CBN ready to manage election-related liquidity risks, says Cardoso
The Central Bank of Nigeria (CBN) is preparing to manage potential liquidity pressures arising from increased spending ahead of the 2027 general elections, Governor Olayemi Cardoso has said.
CPPE urges banks to lower lending rates after CBN’s 350bps cut
The Centre for the Promotion of Private Enterprise (CPPE) has urged Nigerian banks to reduce lending rates following the Central Bank of Nigeria’s (CBN) 350-basis-point cut in the Monetary Policy Rate (MPR), saying the adjustment should translate into lower borrowing costs for businesses.
Read more
https://nairametrics.com/2026/09/23/cppe-urges-banks-to-lower-lending-rates-after-cbns-350bps-cut/
The Centre for the Promotion of Private Enterprise (CPPE) has urged Nigerian banks to reduce lending rates following the Central Bank of Nigeria’s (CBN) 350-basis-point cut in the Monetary Policy Rate (MPR), saying the adjustment should translate into lower borrowing costs for businesses.
Read more
https://nairametrics.com/2026/09/23/cppe-urges-banks-to-lower-lending-rates-after-cbns-350bps-cut/
Edible oil tanker drivers suspend planned strike after FG, DSS intervention
Nigeria’s edible oil tanker drivers have suspended their planned industrial action, a day before it was scheduled to commence, following interventions by the Federal Government and the Department of State Services (DSS).
Read more
https://nairametrics.com/2026/09/23/edible-oil-tanker-drivers-suspend-planned-strike-after-fg-dss-intervention/
Nigeria’s edible oil tanker drivers have suspended their planned industrial action, a day before it was scheduled to commence, following interventions by the Federal Government and the Department of State Services (DSS).
Read more
https://nairametrics.com/2026/09/23/edible-oil-tanker-drivers-suspend-planned-strike-after-fg-dss-intervention/
Nairametrics
Edible oil tanker drivers suspend planned strike after FG, DSS intervention
Nigeria’s edible oil tanker drivers have suspended their planned industrial action, a day before it was scheduled to commence, following interventions by the Federal Government and the Department of State Services (DSS).