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AGP Executive Report

Last update: an hour ago

Fiscal Policy: Finance Minister Taiwo Oyedele says fuel taxes will wait until the economy stabilises and incomes improve, while warning that restoring petrol subsidies could severely weaken the naira. Capital Markets: Vice-President Kashim Shettima unveiled a 10-year plan to grow market capitalisation to ₦750tn by 2036; Oyedele says the government also wants a $1tn market and plans to list NNPC and NLNG. Business Finance: Bank credit to traders rose 62% in the first half of 2026, but manufacturing lending fell 27%, as manufacturers struggle with borrowing costs near 30%. Markets and Currency: The NGX shed ₦1.47tn on Monday, while the naira slipped to ₦1,333.72 per dollar at the official market. Power and Investment: Grid disturbances briefly cut generation from 3,840MW to about 477MW before operators restored service. Akwa Ibom says its proposed Ibom Deep Seaport could create more than 300,000 jobs.

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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Oct. 15, 2026

BIRUDA pushes integrated custom cabinetry for Europe and Nigeria projects

AGP

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Oct. 14, 2026

Across Nigeria launches green-light campaign for persecuted Christians

AGP

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Oct. 8, 2026

Construction chemicals market seen topping $90B by 2030

AGP

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Oct. 7, 2026

Pesa launches in Australia with remittance service to Nigeria

AGP


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13 hours ago

Chinese Ambassador to Nigeria and Representative to ECOWAS Yu Dunhai Meets with New President of the ECOWAS Commission General Birame Diop

Ministry of Foreign Affairs of the People's Republic of China

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13 hours ago

Chinese Ambassador to Nigeria Yu Dunhai Meets with H.E.Oyetola, Minister of Marine and Blue Economy

Ministry of Foreign Affairs of the People's Republic of China

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Oct. 16, 2026

Nigeria: ICRC-supported health facilities see 18 per cent rise in malnutrition cases

International Committee of the Red Cross

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Oct. 15, 2026

Nigeria Moves to Close Social Protection Gaps with Better Data

International Labour Organization

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Oct. 13, 2026

Nigeria advances rural roads, jobs and agricultural markets through RAAMP

International Labour Organization

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Oct. 14, 2026

US Places Nigeria on Child Soldiers Blacklist, Threatening Military Aid

MENAFN

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