AGP Executive Report
Last update: 3 hours agoMarkets & Finance: The Nigerian Exchange extended its losing streak to seven sessions, with the All-Share Index down 0.36% and market value shedding about ₦556bn to ₦155.4tn, dragged by energy and insurance sell-offs. Capital Markets & Corporate Debt: Geregu Power reportedly paid ₦6.03bn to bond investors after default concerns, easing pressure around its N40.09bn Series 1 bond. Trade & Policy: Nigeria and China’s trade rose sharply after China’s zero-tariff push, with bilateral trade hitting about $18bn in H1 and China imports from Nigeria up 80% to $2.3bn. Consumer Protection: FCCPC opened a major probe into cement pricing after complaints that Nigeria’s cement costs stay higher than peers despite local production capacity. Education Funding: Tinubu directed that legally cleared EFCC recoveries and unclaimed dividends/dormant account funds be channelled to NELFUND to expand student support. SMEs & Fintech: Canva Africa and Paystack launched an AI-powered creative bundle for eligible Nigerian merchants. Agritech & Food Security: FCMB deepened agritech with AI advisory in local languages to improve farmers’ access to finance and guidance. Infrastructure & Housing: FG approved over ₦610bn in road projects and 600 housing units for armed forces personnel. Elections & Economy: Campaign season for 2027 kicks off as parties trade claims on reforms, cost of living and security, while HURIWA urges candidates to focus on policy over hate speech.
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.