AGP Executive Report
Last update: 10 hours agoOil & Gas Bids: Nigeria’s NUPRC has concluded its 2025 commercial oil bid process, with 31 firms winning 37 oil and gas blocks after an eight-month exercise; the commission targets at least 300,000 bpd and 500m barrels of additional reserves within three years. Housing Finance: Nasarawa Gov. Abdullahi Sule urged the federal government to recapitalise FMBN to N500bn to close Nigeria’s housing deficit, while FMBN also said it delivered 1,590 homes and N9.5bn renovation loans to civil servants in the state. Monetary Policy: CBN retained the MPR at 26.5% as it weighs global risks and aims to keep inflation on a sustained downward path. Power Sector Funding: FG plans a fresh N729bn power bond after the successful N501bn issuance, as reforms under Project Hoover aim to stabilise the electricity market and attract investors. Digital Inclusion & Consumer Credit: FG launched the C.L.I.C.K.D. consumer credit scheme for laptops and internet-enabled devices via CREDICORP, to deepen digital access and support local assembly. Banking & Fintech: Wema Bank won Euromoney’s Best Digital Bank for Consumers 2026; Uwaleke also urged digital banking to close gaps in reliability, rural connectivity, cybersecurity and digital literacy. Governance & Asset Recovery: ICPC handed over forfeited Goodluck Jonathan Estate land in Abuja to FMBN after court orders. Trade & Payments: CBN’s PAPSS push is framed as a practical step to ease cross-border payments and reduce FX frictions for Nigerian businesses. Regulation Watch: A court upheld FCCPC’s DEON rules for consumer lending but clarified FCCPC cannot issue telecom licences. Energy Diplomacy: Nigeria signalled stronger ties with the UK after new PM Andy Burnham’s emergence. Climate & Food Industry: Greenpeace escalated legal action against JBS over its $6bn expansion, with nearly half earmarked for Nigeria.
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.