AGP Executive Report
Last update: 2 hours agoGermany-Nigeria Economic Push: German FM Johann Wadephul wrapped up talks in Abuja, pledging €10m for reintegration of displaced people from Sahel conflicts and urging German firms to invest in Nigeria despite insecurity, citing fast growth and opportunities in IT and start-ups. Senate Oversight on Mining: The Senate ordered a comprehensive audit of licensed miners after recurring accidents, and pushed for compulsory occupational accident insurance for miners. Deposit Insurance Payments: NDIC has started paying insured deposits to customers of 46 failed microfinance banks, using BVNs and NIBSS, with the insured maximum set at N2m. Maritime Sector Reforms: Nigeria’s maritime stakeholders opened the 18th International Maritime Seminar for Judges, with SGF and the ministry saying resolutions will be translated into policy and legislation to cut delays and boost trade confidence. Food Regulation: Reps stepped down a bill to ban unbranded and unfortified edible oils, citing public health risks and low fortification coverage. Health & Brain Care: Nigeria marked World Brain Day for the first time, warning neurological disorders affect 3.4bn people globally and calling for better access to neurological care. Agrifood Innovation: NourishNext launched a youth-led fruit and vegetable value chain innovation challenge across West Africa, targeting seed funding and regional pitches. Business Results: Transcorp Hotels reported H1 momentum with Q2 profit after tax rising to ₦10.5bn and PBT to ₦13.7bn. Public Safety & Waste: FAAN launched airport waste segregation and recycling at MMIA, while NAFDAC began nationwide enforcement against banned sachet and small-bottle alcoholic drinks.
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