AGP Executive Report
Last update: 2 hours agoUS Tariff Shock: The US has imposed a 12.5% tariff on Nigeria and seven other African countries over forced-labour claims, raising fresh pressure on exporters and trade costs. Energy & Jobs: REA says 48 interconnected mini-grid projects are under construction across 19 states under the new NERC framework, with the shift enabling larger, more bankable off-grid power and more connections. Corporate Earnings: Unilever Nigeria reports N119.9bn revenue in H1 2026, up 22%, and declares an interim dividend of N2.00k per 50kobo share. Tax Administration: FG inaugurates an inter-ministerial committee to draft the 2026 VAT Modification Order, aiming to give clearer rules for businesses under the new tax laws. Security & Trade Protection: Lagos launches a building insurance scheme to curb unsafe construction after years of building collapses, while the Navy arrests a vessel and 12 crew over alleged crude oil theft at Utue Terminal. Industrial Policy: Six governors pledge to replicate Benin’s Glo-Djigbé Industrial Zone model to revive Nigeria’s textile industry. Sports Incentives: NSC increases Commonwealth Games bonuses for Team Nigeria, with gold medallists now getting $10,000 total. Diplomacy: Nigeria’s new High Commissioner to India, Saidu Muhammad, assumes office as both sides push trade and investment ties.
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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