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- Nigeria’s active mobile subscriptions cross 200 million in September, highest in 2 years
Active subscriptions for telecommunications services across the networks of MTN, Airtel, Globacom, and T2 crossed the 200 million mark in September 2026, the highest since 2024. The post Nigeria’s active mobile subscriptions cross 200 million in September, highest in 2 years appeared first on Nairametrics .
Nairametrics · 12 Nov 2026, 11:25 WAT Nigeria (NGX)
- FG moves to award contracts for four new satellites, awaits FEC approval
The Federal Government has advanced the procurement process for four additional satellites approved by President Bola Tinubu, with the exercise reaching the stage of recommending successful bidders after an international competitive bidding process. The post FG moves to award contracts for four new satellites, awaits FEC approval appeared first on Nairametrics .
Nairametrics · 12 Nov 2026, 10:29 WAT Nigeria (NGX)
- Layer3 Strengthens Board with Tomi Davies and Maryamu Aminu as It Targets Cloud and Infrastructure Growth
Layer3 Strengthens Board with Tomi Davies and Maryamu Aminu as It Targets Cloud and Infrastructure Growth Nigerian technology company Layer3 has appointed Tomi Davies as Board Chairman and Maryamu Aminu as Non-Executive Director as the company prepares for its next phase of growth in enterprise cloud, connectivity and digital infrastructure. The appointments come as Layer3 […] The post Layer
Nairametrics · 12 Nov 2026, 10:22 WAT Nigeria (NGX)
- Naira holds firm against British pound at N1,808/£
Latest market action showed the NFEM market rate for the British pound is N1,808.3/£. The post Naira holds firm against British pound at N1,808/£ appeared first on Nairametrics .
Nairametrics · 12 Nov 2026, 10:18 WAT Nigeria (NGX)
- Nvidia board considers removing CEO Jensen Huang as shares fall 6.5%
Nvidia's board is reportedly weighing whether to remove co-founder and Chief Executive Officer Jensen Huang, days after opening an independent investigation into reports that he was the target of a foreign intelligence effort. The post Nvidia board considers removing CEO Jensen Huang as shares fall 6.5% appeared first on Nairametrics .
Nairametrics · 12 Nov 2026, 09:58 WAT Nigeria (NGX)
- Dutch businesses see improved operating conditions in Nigeria as FX stability eases pressure
Dutch businesses operating in Nigeria are experiencing improved operating conditions following a period of foreign exchange instability that made it difficult for companies to repatriate funds, according to officials of the Netherlands Consulate in Lagos. The post Dutch businesses see improved operating conditions in Nigeria as FX stability eases pressure appeared first on Nairametrics .
Nairametrics · 12 Nov 2026, 08:18 WAT Nigeria (NGX)
- FG opens applications for 3MTT delivery partners, commits N4 billion for Cohorts 5, 6
The Federal Government has opened applications for organisations and individual experts to join the delivery network of its Three Million Technical Talent (3MTT) programme, with N4 billion in partner funding earmarked to support verified outcomes under Cohorts 5 and 6. The post FG opens applications for 3MTT delivery partners, commits N4 billion for Cohorts 5, 6 appeared first on Nairametrics .
Nairametrics · 12 Nov 2026, 08:01 WAT Nigeria (NGX)
- Naira depreciates to N1,364/$, records biggest daily loss since October 22
The naira weakened by N10.50 against the US dollar at the Nigerian Foreign Exchange Market (NFEM) on Wednesday, November 11, 2026, recording its biggest single-session loss since October 22. The post Naira depreciates to N1,364/$, records biggest daily loss since October 22 appeared first on Nairametrics .
Nairametrics · 12 Nov 2026, 07:10 WAT Nigeria (NGX)
- NTB investors pour N1.08 trillion on 364-day Bill, 179.85% of N600 billion offer
Investors submitted N1.08 trillion in bids for Nigeria's 364-day Treasury Bill at the November 11, 2026 auction, representing 179.85% of the N600 billion offered, as demand remained heavily concentrated in the one-year instrument, which attracted overwhelming investor interest. The post NTB investors pour N1.08 trillion on 364-day Bill, 179.85% of N600 billion offer appeared first on Nairametrics
Nairametrics · 12 Nov 2026, 07:09 WAT Nigeria (NGX)
- Champion Brands Plc to replace Champion Breweries on NGX under proposed restructuring
Champion Breweries Plc has proposed a restructuring that would see Champion Brands Limited re-registered as Champion Brands Plc and listed on the Nigerian Exchange (NGX) as the group's new parent company, replacing Champion Breweries, which will be delisted, subject to the necessary approvals. The post Champion Brands Plc to replace Champion Breweries on NGX under proposed restructuring appeared f
Nairametrics · 12 Nov 2026, 06:55 WAT Nigeria (NGX)
- Afreximbank commits $75 million to DBN to finance Nigerian SMEs
The African Export-Import Bank (Afreximbank) has committed a $75 million financing facility to the Development Bank of Nigeria (DBN) to expand access to finance for Nigerian small and medium-sized enterprises (SMEs), including businesses in the creative economy. The post Afreximbank commits $75 million to DBN to finance Nigerian SMEs appeared first on Nairametrics .
Nairametrics · 11 Nov 2026, 19:50 WAT Nigeria (NGX)
- Okomu, Nascon, FUGAZ stocks wipe N293.43 billion off NGX
The Nigerian equities market lost N293.43 billion on Wednesday, November 11, 2026, as selling pressure in Okomu Oil, Nascon Allied Industries and FUGAZ banks extended the previous session's decline. The post Okomu, Nascon, FUGAZ stocks wipe N293.43 billion off NGX appeared first on Nairametrics .
Nairametrics · 11 Nov 2026, 19:46 WAT Nigeria (NGX)
- Zedvance Launches ExtraCash, Empowering Nigerians to Show Up Ready
Zedvance Finance Limited has announced the launch of ExtraCash, a credit solution designed to help Nigerians meet their financial needs, seize opportunities, and keep their personal and business plans moving forward. Available through the Zedvance App, ExtraCash provides eligible customers with access to credit, offering additional financial support to salaried professionals, creatives, entreprene
Nairametrics · 11 Nov 2026, 16:05 WAT Nigeria (NGX)
- Sterling HoldCo Subsidiary, Alternative Bank appoints Gul Khan as MD/CEO
The Alternative Bank Limited (Alt Bank), the non-interest banking subsidiary of Sterling Financial Holdings Company Plc, has appointed Gul Khan as its Managing Director and Chief Executive Officer, following approval by the Central Bank of Nigeria (CBN). The post Sterling HoldCo Subsidiary, Alternative Bank appoints Gul Khan as MD/CEO appeared first on Nairametrics .
Nairametrics · 11 Nov 2026, 15:57 WAT Nigeria (NGX)
- Zitra Investments turns to capital market as deposits exceed N30 billion
Zitra Investments Limited is raising N50 billion through Commercial Paper (CP) Programme as it seeks additional funding to support lending, geographical expansion and investment in digital infrastructure, following growth in customer deposits to more than N30 billion in the first nine months of 2026. The post Zitra Investments turns to capital market as deposits exceed N30 billion appeared first o
Nairametrics · 11 Nov 2026, 15:42 WAT Nigeria (NGX)
- Nigeria meets OPEC oil production quota for sixth straight month despite October decline
Nigeria recorded average daily crude oil and condensate production of 1,687,710 barrels per day in October 2026. The post Nigeria meets OPEC oil production quota for sixth straight month despite October decline appeared first on Nairametrics .
Nairametrics · 11 Nov 2026, 14:45 WAT Nigeria (NGX)
- Oando, LAMATA Advance Lagos’ Electric Mobility Drive with Rollout of New Mass Transit Buses
Oando Clean Energy Limited (OCEL), the renewable energy subsidiary of Oando Energy Resources, has delivered on its promise to support the Federal Government of Nigeria by championing mass transit decarbonization in the country with the rollout of additional electric buses in partnership with the Lagos State Government. Following the successful completion of a two-bus proof […] The post Oando
Nairametrics · 11 Nov 2026, 14:41 WAT Nigeria (NGX)