AGP Executive Report
Last update: 12 hours agoNaira & FX: The naira strengthened to N1,358.25/$ at the NFEM, up 0.42% week-on-week as external reserves climbed above $52bn, easing pressure on importers. Capital Markets: The NGX All-Share Index fell for a second straight session, down 0.16% and wiping about N257bn in market value as investors took profit in heavyweight names. Insurance Recap: Universal Insurance secured a N7.128bn private placement to meet NAICOM recapitalisation rules, with FPNG set to hold 50.1%. Anti-terror Finance: The SEC ordered capital market operators to freeze assets of six individuals and three entities linked to terrorism financing. Energy & Trade: Tinubu renewed vows to revive moribund refineries; meanwhile, Nigeria-China aquatic exports got a push for zero-tariff access as officials urge faster implementation to turn $18bn H1 trade into export earnings. SMEDAN & Skills: SMEDAN launched the BRYNE programme to support 100,000+ young entrepreneurs annually, while Aptech celebrated 130+ graduates as demand for digital skills rises. Diaspora Investment: Tinubu urged Nigerians abroad to shift from remittances to investments through NIDEC in Toronto. Entertainment Business: Fresh royalty and catalogue disputes hit Dapper Music as multiple artistes publicly trade allegations.
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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