AGP Executive Report
Last update: an hour agoCorporate Earnings & Markets: Oando’s H1 2026 results show revenue up 20% to N2.1trn and profit up 8% to N68.6bn, helped by stronger E&P and trading plus gas monetisation. Banking & Capital Markets: Nigeria’s NGX gained N288bn at the start of August as investors returned to medium and large caps; FirstHoldCo also crossed N6tn market value as banking stocks rallied. Energy & Fuel: Oil prices rose on US-Iran peace-talk uncertainty, while PETROAN says recent petrol price drops track lower landing costs and depot competition. Refining & IPO Watch: Reuters reports Dangote refinery is planning an Africa-scale IPO targeting about $5bn, with talks across multiple exchanges. Cybersecurity: Zenith Bank confirms hackers accessed limited customer data (emails/phone numbers) and urges customers to avoid phishing. Policy & Regulation: FG raises nursing school admissions from 20,000 to 50,000; NRS issues/expands crypto tax rules including stamp duties for Bitcoin/USDT. Security & Compliance: Nigeria Immigration Service dismantles a QNET/IGNITE-linked trafficking syndicate, rescuing two victims and arresting 12. Business Environment: Delta Economic Summit 2026 pitches the state as a “first-order” investment destination, urging investors to act before opportunities get pricier.
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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