AGP Executive Report
Last update: 23 minutes agoInvestment Watch: SEC warned Nigerians against using unregistered WayvePay to access Dangote Refinery’s planned IPO, urging investors to verify official subscription channels. Credit Outlook: Fitch revised Nigeria’s outlook to positive and affirmed its ‘B’ rating, citing reforms, more flexible exchange rates and stronger reserves, while warning that weak governance, inflation and low government revenue remain constraints. Fuel Costs: UNCTAD says Nigeria recorded the world’s biggest diesel price increase from February to August, at 82.7%. A separate 30-day petrol discount at NNPC stations has drawn questions over who bears the cost, how widely consumers can access it and whether it offers lasting relief. Banking: JPMorgan is targeting a 2026 launch for a Nigerian merchant bank, subject to regulatory approval. Markets: Nigerian stocks rebounded after seven sessions of losses, adding about ₦209bn in market value.
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