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AGP Executive Report

Last update: 10 hours ago

Financial 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.

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.

AGP Wire

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16 hours ago

AFRICLOUD opens Lagos cloud region for in-country hosting in Nigeria

AGP

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Aug. 8, 2026

Burt Machinery shows custom corn processing plant solutions at Nigeria expo

AGP

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Aug. 3, 2026

Tatashe Cafe marks seven years in Edinburgh with Nigerian menu and new offer

AGP

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Jul. 29, 2026

Expervia Technologies targets Nigerian businesses with cloud, AI and cybersecurity services

AGP


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16 hours ago

AFRICLOUD Opens Lagos Cloud Region, Bringing In-Country Hosting to Nigeria

EIN Presswire

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Aug. 7, 2026

Nigeria's First SEC-Licensed Exchange, Quidax, Expands Stablecoin Infrastructure to Over 21 Countries

GlobeNewswire, Inc.

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Aug. 8, 2026

Custom Corn Processing Plant Solutions Presented by Burt Machinery at the 2025 Nigeria Expo

EIN Presswire

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Aug. 6, 2026

Air Canada Welcomes Expanded Air Transport Agreement Between Canada and Nigeria

GlobeNewswire, Inc.

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Aug. 6, 2026

Alarm Monitoring Market Valuation Expected at USD 119.8 Billion, Expanding at 7.8% CAGR by 2035

EIN Presswire

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Aug. 6, 2026

Chinese Ambassador to Nigeria Yu Dunhai Meets with Andrew Haruna the Secretary-General of the Committee of Vice Chancellors of Nigerian Universities (CVCNU)

Ministry of Foreign Affairs of the People's Republic of China

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