AGP Executive Report
Last update: 6 hours agoMarkets: The NGX shed N3.28tn on Thursday as Dangote Cement and Presco each fell 10%, dragging the All-Share Index down 1.98%. Power: Gas shortages and low water levels cut electricity allocations, prompting more load-shedding for homes and businesses. Currency and Finance: The naira slipped to about N1,349/$ at the official window; meanwhile, the CBN set a N15bn minimum capital requirement for dollar-backed stablecoin issuers. Business Activity: October’s PMI rose to 53.2, signalling continued expansion, though rising costs remain a concern. Trade: Apapa Customs collected N302.95bn in October, up 7.13% from September, as it works to ease port bottlenecks. Capital Markets: Dangote Group is exploring ways for African exchanges to offer wider access to the refinery’s $1.6bn IPO, which drew subscriptions worth about N6.4tn in Nigeria.
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.
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