AGP Executive Report
Last update: 4 hours agoInvestment and Power: Aliko Dangote raised his planned African investment to $70bn and aims to generate 10,000MW, citing unreliable electricity as a major obstacle to business growth. Digital Banking: Eight listed banks earned N521.79bn from digital and card services in the first nine months of 2026, up 8.1% year on year. Trade: Nigeria-China trade rose 35% to $17.4bn in six months, while the Federal Government plans automated export permits from December 14 as non-oil exports exceed $6.1bn. External Buffers: Reserves rose $295m in October to $55.2bn, with year-to-date gains reaching $9.7bn. Credit Outlook: S&P cautioned that Nigeria’s goal of reaching investment-grade status by 2029 looks unrealistic, noting it has not seen a country rated B make that leap in three years. Markets: The NGX rebounded, adding N328bn in market value on renewed buying.
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.
Perspectify News
