AGP Executive Report
Last update: 6 hours agoCBN Holds Rates Steady: Nigeria’s Monetary Policy Committee kept the Monetary Policy Rate at 26.5%, retaining the corridor (+50/-450) and CRR (45% for deposit money banks), citing persistent inflation pressures and the need to anchor expectations. Inflation & Food Costs: April headline inflation edged up to 15.69%, while food inflation crossed 20% in at least 11 states ahead of Eid-el-Kabir, with Enugu, Kwara and Adamawa among the worst hit. Anti-Drug Crackdown: NDLEA says it dismantled a Nigerian-Mexican meth syndicate, arresting 10 suspects and seizing N480bn worth of meth in Ogun and Lagos. Security & Rights Debate: Police in Kano arrested 149 suspected thugs and recovered arms, as rights groups warn of extrajudicial killings and extortion by security forces. Climate & Tech Push: FG unveiled a NetZero Investment Plan to mobilise climate finance, while CITAD plans to train 15,000 Northern women in digital skills and safety. Business & Politics: Dangote begins early-stage work on the Olokola deep seaport in Ogun; Peter Obi gets NDC presidential clearance, insisting Nigeria is “not a united nation.”
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result.
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