AGP Executive Report
Last update: 3 hours agoArtisan Skills Upgrade: ITF begins nationwide SUPA certification exams for 7,795 Nigerian artisans across 27 states, aiming to cut quackery and raise global competitiveness. Power & Industry Support: FG commissions upgraded Ijora and Apapa transmission substations in Lagos, adding 208MW to the national grid to ease delivery constraints. Fuel Market Watch: Dangote Refinery expands free petrol delivery to Kano, Imo, Anambra and Nasarawa (10 states total), with marketers buying at N1,165/litre and getting a 10-day payment window. Macroeconomy: Nigeria’s inflation eases to 15.43% in July as food inflation accelerates to 20.31%, while the naira strengthens to about N1,349–N1,350/$ on improved FX liquidity. Capital Markets: 24 companies control 74.8% of NGX equities value, underscoring market concentration even as equities extend a bearish streak. Cybersecurity: Digital Encode launches DEPAS AI, Nigeria’s first autonomous platform to detect and counter AI-led cyber threats. Trade & Manufacturing: Nigeria-China trade hits $18bn in H1 2026 under China’s zero-tariff policy, boosting exports and imports. Agribusiness: Cassava processors may need buyers for 60%+ of output to unlock financing, as lenders demand stronger commercial readiness. Security & Enforcement: NDLEA launches “Operation Restore Order” in Kano, arresting 80 suspects and recovering illicit substances. Tech for Defence: Terra Industries raises $18m more, taking seed funding to $52m, as it expands drone manufacturing in Ghana and opens a London office. Cocoa Compliance: EU deforestation rules tighten cocoa supply outlook, raising traceability costs for Nigerian farmers and exporters.
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