AGP Executive Report
Last update: 24 minutes agoFX & Markets: The naira inched up at the official market to about ₦1,362/$ as FX turnover fell, while NGX investors gained ₦234bn on Friday but the week still ended bearish with the All-Share Index down 3.11% and market cap slipping to ₦155.59tn. CBN Crackdown: The CBN issued fresh penalties for forex documentation breaches, including a N100m fine for banks handling FX without proper paperwork, as it tightens reporting and sanctions. Competition in Telecom Lending: Tinubu ordered FCCPC to dismantle Optasia’s alleged 12-year monopoly in airtime credit and data advance lending, targeting up to ₦3tn annual revenue unlock. Digital Payments Push: Flutterwave added Tempo’s stablecoin settlement rail (USDC/USDT) to expand cross-border payments. Energy & Infrastructure: FG began a $100m mini-grid push in Kogi (20MW Egume) and Nigeria’s reserves reportedly topped $50bn for the first time in three months. Trade & Investment: Tanzania plans stronger business ties with Nigeria via FAB West Africa 2026 in Lagos; Lagos also pitches itself as Africa’s investment gateway at Invest Lagos 3.0. Security & Social Pressure: Doctors threaten industrial action over assaults on healthcare workers; police arrested an Abuja “one-chance” syndicate after an 18-month probe. Humanitarian: US approved $240m for CRS humanitarian aid including Nigeria.
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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