AGP Executive Report
Last update: 11 hours agoEnergy Security & Trade: Strait of Hormuz remains the world’s oil choke point, and West Africa still feels the shockwaves even without shipping its own crude through it. Banking & Finance: NDIC urges Nigerians to shift more funds into banks as deposit insurance coverage rises to N5m, boosting confidence amid recapitalisation. Monetary Policy & Credit: CBN cuts MPR by 350bps to 23%, with the key question now being whether cheaper credit reaches manufacturers and SMEs. Tax & Manufacturing Costs: Section 155 of Nigeria’s Tax Act is highlighted as a fix for the old VAT trap that blocked input VAT recovery on business expenses. Fuel Prices & Cost of Living: Fuel depot prices fall in major cities as PMS and diesel drop, but transport and food costs remain sensitive to global crude swings. Creative Industry & IP: Minister Hannatu Musawa pushes stakeholders to build systems that turn Nollywood and creative IP into sustainable economic value, while Geometric Power-style power reliability debates keep resurfacing. Nollywood Welfare Gap: Calls grow for structured welfare systems for actors and crew during medical emergencies. Capital Markets: Nigeria’s equities close the week higher, with market cap up to N163.66tn. Oil & Gas Projects: TotalEnergies’ Ima gas development and broader LNG push stay in focus, alongside renewed talk of pipeline infrastructure for gas expansion. Mining & Illicit Activity: Reports flag illegal mining pressure, including deaths and calls for sector overhaul. Public Debt: DMO data puts Nigeria’s public debt at ₦166.79tn by June 2026. Aviation & Connectivity: Saudia Airlines to start Abuja–Jeddah flights from Dec 1, 2026.
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.