AGP Executive Report
Last update: 2 hours agoMacroeconomic Stability: Nigeria’s headline inflation eased to 15.91% in June (from 15.93% in May), but food inflation rose to 17.52%, keeping household pressure high. FX & Reserves: The naira edged up in the official market as liquidity improved, while CBN Governor Olayemi Cardoso said net FX reserves jumped to about $40bn from roughly $3bn, lifting confidence for investment. Capital Markets: SEC launched a nationwide campaign to help Nigerians recover unclaimed dividends and other capital market funds via the National Investor Protection Fund. Road Safety & Compliance: The Senate passed FRSC Act amendments raising traffic fines by up to 300%, including a proposed ₦50,000 fine for preaching/hawking/trading in commercial buses (awaiting Tinubu’s assent). Industrial Finance: BOI will deploy about 70% of an €85m EIB facility into Nigeria’s cocoa and dairy value chains, targeting processing, ingredients and jobs. Housing & Land: FG is pushing land administration reforms to widen affordable housing access for low-income and informal workers. Business Formalisation: Finance Minister Taiwo Oyedele said tax reforms are driving formalisation, with about 10,000 informal businesses applying for CAC registration daily. Energy & Trade: NEPC urged ECOWAS trade promotion network members to seek sustainable funding, while it also highlighted solid minerals’ export potential.
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.
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