AGP Executive Report
Last update: 6 hours agoTelecoms: MTN Group’s service revenue rose 17.2% in the first nine months of 2026, with growth accelerating in the third quarter and Nigeria among its strongest markets. Foreign Exchange: Dollar trading fell 51.3% to $1.81bn in the week to November 6, while the naira held near ₦1,350 per dollar—leaving businesses with a thinner market despite relative currency stability. Public Finances: The Debt Management Office projects debt servicing will consume 71.7% of federal revenue by 2030, squeezing funds for public services and investment. Power: The government approved a $2bn East–West Super Grid, designed to add at least 19,000MW of transmission capacity, and is considering dedicated lines for manufacturing hubs. Energy Access: British International Investment provided Okra Solar with a $7m facility to fund equipment for up to 150,000 new connections in rural Nigeria. Markets: The NGX rebounded 1.44% on Monday, adding ₦2.32tn in market value, led by Dangote Cement and other heavyweight stocks, although decliners outnumbered gainers.
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
