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Nairametrics is Nigeria’s leading financial information hub, offering up-to-date news, analysis, and insights on business, financial markets, and the economy. Our mission is clear: to empower our audience by creating wealth through information.
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Breakfast Stories Financial institutions in Nigeria lost N52.26 billion to fraud in 2024 according to the latest report by the Nigeria Inter-Bank Settlement System (NIBSS https://nairametrics.com/2025/02/26/nigerias-financial-sector-suffers-n52-26-billion-loss-to-fraud-in-2024-nibss-report/ The Nigerian oil refining sector recorded a significant expansion in the fourth quarter of 2024, marking the first quarterly growth in five years. https://nairametrics.com/2025/02/26/nigerias-oil-refining-sector-sees-first-quarterly-growth-in-5-years-driven-by-dangote-refinery/ The Federal Mortgage Bank of Nigeria (FMBN) recorded a historic N103 billion collection for the National Housing Fund (NHF) in 2024, marking the highest in the bank’s history. https://nairametrics.com/2025/02/26/federal-mortgage-bank-of-nigeria-records-n103-billion-national-housing-fund-collection-in-2024/ The National Agency for Foods, Drugs Administration and Control NAFDAC has called for death penalties and life sentences for individuals involved in counterfeit and illicit drugs peddlers in Nigeria https://nairametrics.com/2025/02/26/nafdac-dg-seeks-death-penalty-life-sentences-for-drug-peddlers-in-nigeria/ Dangote Petroleum Refinery has announced a reduction in the ex-depot price of Premium Motor Spirit (PMS), popularly known as petrol, from N890 to N825 per litre, effective February 27, 2025. https://nairametrics.com/2025/02/26/again-dangote-refinery-slashes-petrol-price-by-n65-ahead-of-ramadan/ Aircraft navigation system disruptions, including signal interruptions, jamming, and GPS spoofing incidents, surged by 175% in 2024. https://nairametrics.com/2025/02/26/aircraft-navigation-system-disruptions-surge-by-175-in-2024-iata/ Caverton Offshore Support Group Plc has announced a joint venture involving the Nigerian National Petroleum Corporation (NNPC) Shipping, Stena Bulk, and its subsidiary, Caverton Marine Limited, which aims to enhance maritime transportation in Nigeria. https://nairametrics.com/2025/02/26/caverton-announces-joint-venture-with-nnpcs-stena-bulk-reveals-foreseeable-benefits/

😖Nigeria's housing sector faces significant challenges due to landlords'arrogance and ineffective policies.🪑💸 🤔Should housing policies be enforced to fix this? Watch the full video to learn more: Watch Now👇🏻 https://youtu.be/-zuE_foAyJk

What’s your biggest struggle with renting in Nigeria?

Fraudsters steal over N1 billion through BVN registered for minors – NIBSS Fraudsters exploited vulnerabilities in Nigeria’s banking system to steal over N1 billion through Bank Verification Numbers (BVNs) illegally registered minors. This is according to a new report by the Nigeria Inter-Bank Settlement System (NIBSS) on recent fraud trends in the country. The report highlights a growing trend of financial fraud, with compromised bank officials and agents illegally registering BVNs for minors and using them to open enterprise accounts through which fraudulent transactions were carried out. How the fraud was executed Read More 👇 https://nairametrics.com/2025/02/27/fraudsters-steal-over-n1-billion-through-bvn-registered-for-minors-nibss/

These Founders Are Redefining Luxury Dining in Lagos! From world-class cuisine to elite dining experiences, they are raising the bar for upscale restaurants. 🍽✨ . . . . Missed the last episode of The Novice Podcast 🤨 🫵🏻Catch up https://youtu.be/IttZKQv9_uU?si=CL9-3Ku_8MjXs4K1


😱 Individuals in the diaspora are reshaping our real estate market🇳🇬. Their investments are driving up property prices, making it harder for locals to afford homes. And Developers are catering to this demand.😖 Want to understand how this affects YOU and the future of housing in Nigeria? Watch the full video here👇🏻 https://youtu.be/-zuE_foAyJk

Join us on X Spaces as we discuss into The Business of Illicit Drugs: Measuring NDLEA's Gains and Gaps So Far. 🗓 Thursday, Feb 27, 2024 ⏰ 6:00 PM 🎙 Special Guest: Femi Babafemi, Director of Media, NDLEA 🫵 Set a reminder & be part of the conversation! https://x.com/i/spaces/1BdGYqpjXOYGX


Daily Currency exchange rates update THURSDAY, 27TH FEBRUARY


What's more important when dining at an upscale restaurant🤔?

📊 Daily Top Traded Stock Highlights 📊 (26TH, FEB 2025) For more expert market analysis and stock insights, follow @nairametrics
