AGP Executive Report
Last update: 12 hours agoCommercial Justice Push: Finance Minister Taiwo Oyedele proposes a national risk market and a specialised commercial dispute resolution tribunal to cut business litigation delays that can take about 15 years, aiming to unlock investment and deepen the capital market. Identity & Security: Nigeria’s new NIMC Act 2026 introduces stricter rules against fake NIN and identity fraud, with offenders facing up to five years in jail. Rail Liberalisation: NRC issues Lagos a permanent rail operating licence, ending the 128-year monopoly model and enabling regulated multi-operator rail services. Xenophobia Fallout: FG says it will seek compensation from South Africa for Nigerians who abandoned businesses and properties as 269 more returnees arrive Lagos, bringing evacuees to 603. Transport Costs: NBS reports average intra-city bus fare rose 2.43% to N1,431.25 in May, adding pressure to household budgets. Energy & Households: Delta residents report cutting cooking gas usage as prices rise, while fuel marketers warn of possible shutdowns if price control is enforced. Finance & Business Climate: NDIC reiterates depositor protection and says it remitted about N950bn to the FG’s CRF; EU financiers unveil a fresh €20m Nigeria country window to back infrastructure, agriculture, healthcare and SMEs. SMEs & Growth: Stanbic IBTC launches a nationwide Nigeria Business Summit tour for SMEs, while stakeholders urge stronger collaboration beyond funding to help MSMEs scale.
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