AGP Executive Report
Last update: 13 minutes agoTextile Jobs: The TUC is urging urgent government support as soaring electricity, gas and other production costs drive layoffs in Nigeria’s textile industry. Oil Investment: Nigeria has opened a licensing round for 40 oil and gas blocks, with regulators promising transparent bidding and requiring investors to disclose beneficial owners. External Accounts: The FMDA projects the current-account surplus will rise to $8.69 billion in the third quarter, helped by stronger oil earnings and lower imports; the naira also strengthened to N1,331.50 per dollar. Markets: NGX investors lost N110.16 billion on Wednesday, extending the market’s slide to six sessions. Power and Growth: Manufacturers spent an estimated N1.35 trillion on alternative power in 2025, while nationwide outages exposed persistent supply problems. The World Bank has raised its 2026 growth forecast for Nigeria to 4.3%.
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