AGP Executive Report
Last update: 9 hours agoFX & Payments: The naira slipped in NAFEX to about N1,363/$ while interbank FX turnover rose, and CBN data shows bank customers lost N134.48bn to fraud (2020–2025) across channels like ATMs, mobile and POS. Aviation & Local Industry: Aviation minister Festus Keyamo ruled out a national carrier, saying Nigeria should back private airlines; United Nigeria Airlines also urged stronger policy and funding support as operating costs bite. Mining & Industrialisation: FG commended a $400m rare earth processing plant progress in Nasarawa, while Dele Alake pushed Africa to stop raw mineral exports and scale value addition. Energy & Fuel Trade: Marketers are reportedly importing Dangote refinery products via Lomé, Togo, and petrol prices are starting to ease as depots and filling stations cut rates. Flood Preparedness: NEC approved ₦83.2bn for anticipatory action against flooding and climate emergencies. Education & Skills: LCCI warned Nigeria’s education system suffers funding, access, tech and policy misalignment, urging private sector co-investment. Engineering Regulation: COREN announced reforms to tackle quackery and building-collapse risks, including a rapid response enforcement task force. Aviation Infrastructure Finance: IsDB forum lauded $626m Murabaha financing for the Lagos–Calabar coastal highway. Retail Operations: YRC released an expansion control framework warning governance gaps as retail networks grow.
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.