AGP Executive Report
Last update: 10 hours agoFinancial Sector Oversight: The Senate Committee on Banking, Insurance and Other Financial Institutions urged tighter collaboration among regulators to stabilise Nigeria’s financial architecture and support sustainable growth. Corporate Earnings Watch: Caverton Offshore Support Group reported an N8.7bn half-year loss as revenue fell and operating profit dropped, pointing to marine operations as a recovery driver. Procurement & Governance: Atiku Abubakar challenged Tinubu to explain alleged $20bn Chagoury-linked projects raised by The Economist, questioning bidding, tax concessions and beneficial ownership. Energy Sector Shake-up: NERC dissolved the Kaduna DisCo board over N456.5bn market debt, poor remittances and high losses, appointing interim administrators and ordering a stabilisation plan. Oil Supply Compliance: NUPRC said domestic crude supply obligation hit 97.4% compliance in Q2, with producers delivering 53.7m barrels to local refineries. Trade & Borders: NOPPMAN urged ECOWAS intervention over Ghana’s continued restriction of Nigerian onion trucks, saying losses are mounting. Public Finance: CBN returns to the primary market with a N700bn NTB auction on Aug 12 after cancelling the Aug 5 sale. Business & Standards: Lai Mohammed and industry leaders backed standardisation at the Nigeria Food Summit to boost culinary tourism and global competitiveness. Politics & 2027: Oyo APC stakeholders backed Sarafadeen Alli for victory on grassroots strength, while Plateau’s PIGD told Kefiano to present a full development agenda beyond a one-term pledge. Travel & Migration: South Africa’s consul-general said visa applications from Nigerians have almost doubled and urged travellers to ignore xenophobia claims and follow visa rules.
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