AGP Executive Report
Last update: 13 minutes agoInflation: Nigeria’s headline rate eased for a fourth straight month, falling to 14.63% in September from 15.39% in August, though households still face high living costs. Markets: The NGX edged up 0.01% on Thursday, adding N22bn to market value, which closed at N160.8tn. Monetary Policy: CBN Governor Olayemi Cardoso says Nigeria will apply lessons from remittance reforms to attract foreign exchange from more sectors and reduce reliance on oil. He also backed transparent, independent rate-setting. Investment: Nigeria is pitching 65 projects worth $78.5bn to investors, with energy and transport accounting for most of the proposed funding. Energy: Shell agreed to sell its domestic gas distribution business to Vaaris Energy. Fuel Policy: The IMF warned against restoring blanket petrol subsidies, urging targeted relief instead. Labour: The NLC rejected the government’s response to its ultimatum, raising the prospect of a nationwide strike over wages and economic relief.
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