AGP Executive Report
Last update: 10 hours agoLabour & Security: Federal workers threaten an indefinite nationwide strike over unpaid wage issues and worsening insecurity, while Oyo’s NUT shuts schools and begins an indefinite strike from June 1 over the abduction of teachers and pupils. Energy Costs & Industry Impact: MTN says it spends over ₦60bn yearly on diesel to keep its network running amid unreliable power, and cooking gas prices hit as high as ₦2,000/kg despite improved domestic LPG supply. Policy & Payments: CBN widens PoS geo-fencing radius from 10m to 70m and shifts compliance deadline to August 1, easing operational pressure on banks and fintechs. Finance & Credit: Alliance for Economic Research and Ethics warns of a ₦14tn private-sector lending contraction and a huge SME funding gap, even as banks’ deposits with CBN fall to ₦91.1tn. Oil & Corporate Moves: NNPC reports N481bn April profit on higher crude output, while FirstHoldCo secures shareholders’ approval for a multi-tranche capital raise up to ₦253.1bn. Digital Economy: Stakeholders back the June 11 Nigeria DigitalSENSE Forum on internet governance, pushing for stronger digital public infrastructure.
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