AGP Executive Report
Last update: an hour agoFiscal Policy: Finance Minister Taiwo Oyedele says fuel taxes will wait until the economy stabilises and incomes improve, while warning that restoring petrol subsidies could severely weaken the naira. Capital Markets: Vice-President Kashim Shettima unveiled a 10-year plan to grow market capitalisation to ₦750tn by 2036; Oyedele says the government also wants a $1tn market and plans to list NNPC and NLNG. Business Finance: Bank credit to traders rose 62% in the first half of 2026, but manufacturing lending fell 27%, as manufacturers struggle with borrowing costs near 30%. Markets and Currency: The NGX shed ₦1.47tn on Monday, while the naira slipped to ₦1,333.72 per dollar at the official market. Power and Investment: Grid disturbances briefly cut generation from 3,840MW to about 477MW before operators restored service. Akwa Ibom says its proposed Ibom Deep Seaport could create more than 300,000 jobs.
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