AGP Executive Report

Last update: 10 hours ago

Border Tech & Trade Facilitation: Nigeria Customs rolled out a digital baggage Import Declaration System at Seme, promising faster clearance (under five minutes) and automated duty checks, with ₦10.3m collected in early days. Macroeconomy & Industry Demand: CBN’s September PMI showed Nigeria’s economic activity expanded for the fourth straight month, hitting 53.0 points as output and new orders improved, though some subsectors still contracted. Capital Markets: NGX market capitalisation fell week-on-week, with investors losing about ₦812bn as equities cooled; meanwhile, 11 blue-chip firms still dominated market value at ₦122.56tn. Energy & Governance: SERAP urged Tinubu to investigate alleged diversion of over ₦94.4bn linked to the MDGIF and NUPRC, while VP Shettima defended subsidy removal and FX reforms as preventing deeper collapse. Telecom Competition: STN secured a Unified Access Service Licence, setting up a new push into voice and data services nationwide. Food & Consumer Industry: Nestlé Nigeria reported 2023 revenue of ₦547.1bn but a ₦79.4bn loss tied to FX on dollar loans, alongside ongoing local sourcing and packaging initiatives. Regulation & Consumer Protection: FCCPC proposed AI marketing rules requiring registration of AI tools and penalties up to ₦100m for misleading automated promotions. Health & Local Production: NAFDAC called for partner support to build vaccine manufacturing (fill-and-finish) to reach WHO lot-release maturity. Agribusiness Push: MAGGI’s regenerative soybean work is expanding, aiming to boost yields and local sourcing for industrial inputs.

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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Sep. 27, 2026

Nigeria pitches itself as a global outsourcing hub

AGP

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Sep. 16, 2026

ADIPEC 2026 to center energy security, AI and investment in Abu Dhabi

AGP

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Sep. 15, 2026

RESYPL tops 4,000 power projects across Nigeria

AGP

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Sep. 14, 2026

Middle East construction sites demand certified heavy-duty extension leads

AGP


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Sep. 30, 2026

Top Polycarboxylate Polyether Monomer Manufacturer Advances Concrete Admixture Solutions

EIN Presswire

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Sep. 27, 2026

Nigeria Is the World’s Next Outsourcing Frontier, Vice President Shettima Says at Hire From Nigeria Global Launch

EIN Presswire

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Sep. 28, 2026

EnerSyn Global Inc. Announces Second Nigeria Energy Investment: Lagos CNG Mother Station Project

GlobeNewswire, Inc.

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Sep. 28, 2026

State Grid Zhejiang Electric Power's AI-Powered Green and Resilient Energy Solution Showcased at UN Global Compact Leaders Summit

GlobeNewswire, Inc.

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Sep. 23, 2026

NIGERIA FULLY REPRESENTED AT 81ST UN GENERAL ASSEMBLY AS VICE PRESIDENT SHETTIMA LEADS DELEGATION

GlobeNewswire, Inc.

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Sep. 23, 2026

Gazexport Limited Proposes Energy Finance and Petroleum Experts for Election to Tethys Petroleum Board

GlobeNewswire, Inc.

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