AGP Executive Report
Last update: 10 hours agoSecurity Operations: DHQ has launched Operation Clean Sweep III in Katsina after the death of retired Maj.-Gen. Rabe Abubakar in bandits’ captivity, with raids and clearance exercises reported around Dikkawa Hills, Adua, Nasarawa and Karaduwa. Regional Business Risk: Anti-immigrant protests in South Africa are pressuring firms operating across Africa; MTN says it’s supporting repatriations, while Standard Bank and Gold Fields warn of rising political and operational uncertainty. Logistics & Trade: Egypt and DP World are discussing expanded logistics centers to deepen trade links across Africa, with meetings planned between DP World and Egyptian exporters. Tax & Cost of Living: IMF advice to extend VAT to fuel products and add telecom excise duties is drawing pushback from Nigerian finance and development experts, who call it ill-timed amid high living costs. Agriculture & Trade Blocs: Nigeria seeks BRICS support to boost agriculture, highlighting special agro-processing zones and smallholder-focused policies. Oil & Markets: Crude prices fell sharply after a US-Iran deal signalled reopening of the Strait of Hormuz, with Nigeria’s fuel costs expected to ease if global prices keep dropping. Finance Regulation: CBN is proposing ring-fencing and exposure limits for closely linked banks and fintechs, while analysts warn it could force capital raises and restructuring. Digital Payments: MTN Group Fintech and Ant International plan a Nigeria MoMo super app rollout next quarter to integrate commerce and financial services. Oil Sector Accountability: SERAP sues NNPCL over alleged ₦5.9bn rebranding spending, seeking full financial disclosure and contractor details. Energy & Growth Outlook: World Bank forecasts slower SSA growth in 2026, but says higher energy prices may benefit oil exporters like Nigeria. Markets: NGX closed the week up 0.88%, with market cap rising to ₦156.97tn.
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