AGP Executive Report
Last update: 29 minutes agoCBN FX Tightens Rules: The apex bank issued the 4th edition of its Foreign Exchange Manual, keeping PTA at $4,000 per quarter but requiring at least 75% via payment cards/digital channels and restricting access to eligible Nigerian citizens through authorised channels. Public Finance Controls: FG tightened imprest reimbursement, capping requests at twice per quarter and setting limits by rank (ministers N700,000; P.S./DG N500,000; directors N300,000; heads of formations N100,000). Digital Tax Push: Nigeria Revenue Service accredited Afri Invoice as an Access Point Provider ahead of the July deadline, after it also got Systems Integrator licence—aimed at boosting e-invoicing compliance. Capital Markets/Reserves: Economists praised CBN’s external reserves rebound to $50.04bn, while reports say Nigeria’s stock market shed trillions amid security worries. Airtime/Data Credit Reform: Payaza Africa secured multiple ‘A’ credit ratings, while coverage highlights ongoing pressure to curb concentrated dominance in Nigeria’s instant credit ecosystem. Security & Labour Pressure: Tinubu reiterated “no surrender” to terrorists; NLC/TUC warned of possible nationwide shutdown over insecurity. Business & Infrastructure: SONATRACH broke ground on Algeria’s segment of the Trans-Saharan Gas Pipeline to move Nigerian gas to Europe. Health & Food Safety: FG said Nigeria records nearly 50m foodborne illness cases yearly, with unsafe food driving major child health losses.
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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