AGP Executive Report

Last update: an hour ago

Dangote Fertiliser Expansion: Africa Finance Corporation (AFC) commits $600m to back Dangote Group’s $7bn fertiliser growth plan, aiming to triple Nigeria urea capacity to 9m metric tonnes and build a 3m-tonne plant in Ethiopia. Inflation & Cost of Living: Nigeria’s headline inflation rises to 15.93% in May 2026, while cooking gas jumps about 50% to as high as N2,500/kg, squeezing households further. FX & Reserves: The naira starts the week slightly weaker at N1,363.83/$1 as foreign portfolio inflows drive $0.93bn into the market; reserves also climb to about $50.43bn. Power Security: TCN warns of sabotage after vandals destroy 14 spans of its 132kV line in Niger, with repairs estimated at least N32m. Capital Markets: NGX trades show mixed momentum after a holiday week, with investors buying/selling 4.964bn shares worth N207.5bn. Student Loans Scale-Up: NASS and NELFUND move to expand the scheme from 1.6m to a projected 7m beneficiaries. Terror Prosecution: Nigeria arraigns 400+ terrorism suspects in Abuja, following earlier mass trial convictions. Politics & Courts: A Warri NDC aspirant sues for ₦5bn over alleged cancellation of a primary. Security & Migration Spillover: South Africa repatriates 2,745 foreigners amid tightened anti-illegal immigration enforcement, with cross-border business and entertainment impacts.

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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Cycle tourism market seen reaching $321.43 billion by 2033

AGP

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CAD remittances to Nigeria keep rising as migration and digital payments grow

AGP

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Passenger ferry market seen reaching $19.7 billion by 2033

AGP

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Space tourism market seen reaching $5.82 billion by 2033

AGP


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Economy46 minutes ago Universal Insurance Extends N3.2bn Rights Issue to June 22

Economy46 minutes ago Universal Insurance Extends N3.2bn Rights Issue to June 22

Economy42 minutes ago Lokpobiri Hails Petroleum Reforms Amid Surge in Investments By Adedapo Adesanya The Minister of State for Petroleum Resources (Oil), Mr Heineken Lokpobiri, has said ongoing reforms and strategic...

Economy42 minutes ago Lokpobiri Hails Petroleum Reforms Amid Surge in Investments By Adedapo Adesanya The Minister of State for Petroleum Resources (Oil), Mr Heineken Lokpobiri, has said ongoing reforms and strategic...


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6 hours ago

Corporate Event Market reach nearly USD 730.7 billion by 2035, exhibiting a robust CAGR of 7%

EIN Presswire

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Jun. 14, 2026

UK Trade Deficit Hits USD28.1B in April

MENAFN

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Jun. 13, 2026

Nigerian Diplomat Named as UN Special Adviser on Africa

MENAFN

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Jun. 11, 2026

Nigeria’s Coronation Merchant Bank Representative Joins International Stock Trading Competition (ISTC)

EIN Presswire

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Jun. 12, 2026

Refrigerator Market to Grow at a CAGR of 5.8% and will Reach USD 220.6 billion by 2032

EIN Presswire

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Jun. 11, 2026

Leading Academic Pioneer in Equity Market Microstructure Robert Schwartz Joins GIX Board of Directors

GlobeNewswire, Inc.

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