AGP Executive Report
Last update: 11 hours agoCapital Markets Reset: The SEC has announced Nigeria’s shift from T+2 to a T+1 settlement cycle for equities and commodities, starting June 1, with May 29 as the last trading day under the old system. Oil & Gas Tension: NMDPRA warns it will sanction firms operating in midstream and downstream without licences, while JETFON urges FG to cancel fresh petrol import licences amid the Dangote refinery’s court battle with marketers. Tax Crackdown: The Nigeria Revenue Service flags VAT and withholding tax remittance leakages by some states and government agencies, pushing tighter compliance under the new tax regime. Aviation Relief: Dangote cut jet fuel price to N1,650 per litre and introduced 30-day interest-free credit for distributors and airlines. Business & Tech: Wema Bank sets May 20 deadline for its children’s one-day MD/CEO contest; Sipstory launches an AI social platform priced in local currencies. Security & People: Police rescued 30 foreign nationals from a trafficking syndicate in Abuja axis. Sports Tragedy: Nigerian athlete Oluwabukola Pereira was shot dead in the US days before her MBA graduation.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result.
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