AGP Executive Report

Last update: 3 minutes ago

CBN Terror Sanctions: The Central Bank of Nigeria ordered banks and other financial institutions to immediately freeze accounts, assets and transactions linked to six terrorism-financing suspects and four BDC operators, following updated Nigeria Sanctions List designations tied to US OFAC action. FX and Cost Pressure: The naira slid to about N1,389/$ at the official market in its biggest daily fall since April, while fuel prices stayed high—diesel rose to about N3,277/litre—adding pressure to transport and manufacturing costs. Trade and Payments: Nigeria and the Philippines’ bilateral trade jumped 700% to $300m in three years, and the FG is pushing a pan-African payment card to cut dollar dependence by enabling direct settlement between African currencies. Mining Push: Kaduna’s “world-class” polymetallic discovery—platinum group metals, gold, nickel, copper, lithium and rare earths—was unveiled, alongside plans to unlock $750bn mineral wealth via EMERGE. Security and Governance: Senate passage of the state police bill gained momentum, while Customs seized N273.6m contraband in Cross River/Akwa Ibom. Business Signals: JAIZ Bank reported 24% profit growth in 2025, as manufacturers warn credit access is shrinking and threatens industrial expansion.

Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.

AGP Wire

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Jun. 22, 2026

Flare gas recovery market seen doubling by 2035

AGP

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Jun. 22, 2026

AfriCanada Expo 2026 ends in Edmonton with investment leads and new trade platforms

AGP

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Jun. 19, 2026

Nigerians Abroad Turn to Fintech for Tuition Payments

AGP

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Jun. 19, 2026

International students are changing Nigeria’s remittance flows

AGP


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Economy41 seconds ago Nigeria Launches EMERGE to Unlock $750bn Mineral Wealth By Adedapo Adesanya Nigeria has launched the Early-Stage Mineral Exploration and Research Grant Endowment Program (EMERGE), a new initiative aimed at...

Economy41 seconds ago Nigeria Launches EMERGE to Unlock $750bn Mineral Wealth By Adedapo Adesanya Nigeria has launched the Early-Stage Mineral Exploration and Research Grant Endowment Program (EMERGE), a new initiative aimed at...

Nigerian oil tycoon Mohammed Indimi pockets $1 million as Islamic banking pioneer raises dividend 57%

Nigerian oil tycoon Mohammed Indimi pockets $1 million as Islamic banking pioneer raises dividend 57%


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Jun. 24, 2026

Corporate Event Market is Probable to Influence the Value of $730.7 billion by 2035

EIN Presswire

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Jun. 23, 2026

Logistics Automation Market to Surge at 8.55% CAGR, Anticipated to Reach USD 182.64 Billion by 2035

EIN Presswire

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Jun. 23, 2026

Robotic Process Automation Market to Reach $28.6B by 2031 Amid Rising Enterprise Digitization, Says Mordor Intelligence

EIN Presswire

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Jun. 23, 2026

Baker Hughes Awarded Significant Long-Term Service Agreement with ANOH Gas Processing Company for Gas Plant in Nigeria

GlobeNewswire, Inc.

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Jun. 23, 2026

Crypto Asset Management Market to Surge at 24.86% CAGR, Anticipated to Reach USD 18.41 Billion by 2035

EIN Presswire

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Jun. 22, 2026

Treasury Targets ISIS Facilitators and Disrupts Terrorist Financial Networks

U.S. Department of the Treasury

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