AGP Executive Report
Last update: 9 hours agoCBN Banking Charges: The CBN has issued a fresh rulebook on bank charges, affecting ATM/debit cards, cash transfers and other customer fees, with banks required to disclose charges upfront and allow customers to challenge improper fees. FX & Money Markets: The naira strengthened at the official market after the CBN eased FX and securities restrictions and opened access to its discount window, while new money-market rules expand how banks access central bank funding and investment options. Oil & Refineries: Tinubu told NUPENG Nigeria’s state refineries will return to work after restructuring, but without a timeline; NNPC also welcomed deep offshore tax incentives meant to unlock over $50bn in investment and push output toward 3m bpd by 2030. Energy & Trade: NTDA is pushing coastal tourism and waterways development via private-sector partnerships, while Nigeria-China aquatic trade hit $18bn in H1 2026 after a new zero-tariff protocol. Governance & Audits: NEITI’s audit sparked a Senate row as the Finance Ministry accused NNPC of withholding records over a $3bn pre-export loan and $722.6m NLNG dividends/interest. Capital Markets & Security: SEC ordered fresh freezes of funds tied to newly designated alleged terrorism financiers, and NGX stocks extended sell-offs with major market-cap losses. Insurance Sector: NAICOM confirmed seven more insurers as compliant with NIIRA 2025 minimum capital, bringing total compliant firms to 48 plus two reinsurers.
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.