AGP Executive Report
Last update: 7 hours agoBusiness Funding: The Federal Government says it has disbursed the full N75bn manufacturing fund to 104 firms and N65.8bn to 15,018 MSMEs. The industry minister says results should be measured in higher production, stronger businesses and better livelihoods. Business Activity: Nigeria’s private sector output reached its strongest level since February 2022 in September, with the PMI rising to 56.4. New orders and activity grew, but higher fuel, materials and labour costs continue to squeeze firms. Markets and FX: Nigerian stocks opened November down 0.02%, shedding N35bn in market value, while the naira weakened to N1,347.94 per dollar at the official market on Monday. Household Credit: The government’s SPARK USSD loan service is processing disbursements, but heavy demand is limiting access as Nigerians seek credit for essentials and household needs.
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