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AGP Executive Report

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Fuel Subsidy Debate: NRS boss Zacch Adedeji says subsidy removal was “the best thing” for Nigeria, arguing the bill was unsustainable and could have pushed the naira to about N3,500/$ and the subsidy cost to N53trn. Tax Reform: Adedeji also insists Nigeria’s tax reforms target “the fruit, not the seed,” defending reforms as pro-growth rather than extraction. Roads & Security: FG inaugurated Coastal Highway Guards to protect the Lagos-Calabar Coastal Highway from vandalism and illegal occupation, while Tinubu/Umahi flagged repairs and warned against hawking, tricycles and motorcycles on the route; 147 structures may be affected. Infrastructure Funding: SEC DG Emomotimi Agama urged FCTA to use capital markets—bonds, REITs and asset recycling—to finance Abuja projects beyond annual budgets. Power & Grid Safety: TCN reported a 330kV tower collapse in Delta that crushed a suspected vandal, highlighting ongoing sabotage risks. Capital Markets: Nigeria’s market cap rose above N217trn (May 2026), with SEC pushing long-term financing for infrastructure. Energy Finance Stress: Geregu Power defaulted on bond obligations, triggering credit default classification and investor concern. Drug Enforcement: NDLEA arrested an Italy-based Nigerian after he ingested 98 wraps of cocaine at Enugu airport. Tobacco Policy: ATIM urged NASS to reconsider proposed Tobacco Act amendments, warning they could weaken Nigeria’s tobacco control gains. Local Manufacturing Skills: ITF and Enugu State agreed to set up a Digital Fabrication Centre to boost innovation and local production.

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.

AGP Wire

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Jul. 29, 2026

Expervia Technologies targets Nigerian businesses with cloud, AI and cybersecurity services

AGP

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Jul. 22, 2026

BPX pitches process mining as a compliance tool for European banks

AGP

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Jul. 21, 2026

Fasi Uddin Mir launches free ad-free game production journals

AGP

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Jul. 20, 2026

BPX launches 30-day process mining sprint for procure-to-pay savings

AGP


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Nigeria’s Eniola Bolaji wins gold at 2026 Peru Para Badminton International

Nigeria’s Eniola Bolaji wins gold at 2026 Peru Para Badminton International


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Aug. 8, 2026

Custom Corn Processing Plant Solutions Presented by Burt Machinery at the 2025 Nigeria Expo

EIN Presswire

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Aug. 7, 2026

Nigeria's First SEC-Licensed Exchange, Quidax, Expands Stablecoin Infrastructure to Over 21 Countries

GlobeNewswire, Inc.

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Aug. 6, 2026

VAALCO Energy, Inc. Announces Second Quarter 2026 Results

GlobeNewswire, Inc.

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Aug. 6, 2026

Air Canada Welcomes Expanded Air Transport Agreement Between Canada and Nigeria

GlobeNewswire, Inc.

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Aug. 3, 2026

Tatashe Cafe Marks Seven Years in Edinburgh With Nigerian Flavours and a New Chapter

EIN Presswire

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Jul. 29, 2026

Cloud, AI and Cybersecurity: How Expervia Technologies Is Helping Nigerian Businesses Scale

EIN Presswire

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