AGP Executive Report
Last update: 5 hours agoGlobal Finance: Finance Minister Taiwo Oyedele led G-24 calls for cheaper development loans, debt-restructuring reforms and stronger representation for developing economies. Markets: The naira closed at N1,332.59/$1 officially on Wednesday, while the NGX gained N104bn. CBN dollar sales fell 69% in the first half as private inflows grew, though second-quarter FX demand hit a 15-year high. Fuel Costs: The IMF warned against restoring blanket petrol subsidies, urging targeted help for vulnerable households instead. Investment: Nigeria is pitching 65 projects worth $78.5bn to investors, while Lagos and the AfDB launched support for 610 women-led businesses. Exports: LCCI warned that EU deforestation rules could put more than half of Nigeria’s cocoa exports at risk unless farms are mapped and traceability systems are ready by December. Energy: Shell agreed to sell its domestic gas distribution business to Vaaris Energy, ending more than 25 years in the business.
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