AGP Executive Report
Last update: 18 minutes agoCapital Markets: Nigeria launched a 10-year market plan to mobilise investment for its $1 trillion economy goal, targeting a tenfold rise in collective investment assets and more diaspora investment. Banking: JPMorgan deposited N50 billion with the CBN as it moves toward a merchant banking licence, with launch targeted by year-end or early 2027. Markets & Investment: The NGX recovered N410.86 billion on Tuesday after Monday’s steep drop. Nigeria also reported $23 billion in capital importation, while reserves topped $50 billion. Public Finances: Customs called for a review of N1.68 trillion in import duty concessions, saying poorly targeted waivers could weaken government revenue. Agriculture & Industry: The government is developing a climate-finance framework for smallholder farmers, while Edo is seeking investment to expand rubber processing and jobs. Diaspora Funding: Monthly remittances are nearing $1 billion, according to NiDCOM, which also cited overseas investment in sectors including agriculture, healthcare and technology.
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