AGP Executive Report
Last update: 8 hours agoEmbedded Finance & SME Credit: Renew Capital picked 15 companies from 500+ applicants across 48 African countries for its Renew Venture Lab, betting that tech firms already serving SMEs will drive embedded finance amid a huge credit gap. Security & Illicit Trade: Nigerian troops in Borno intercepted a Chadian woman on the Maiduguri–Monguno highway carrying illicit drugs, toxic chemicals and alcohol linked to terrorist logistics. Petrol Market Watch: Filling stations in Nigeria temporarily shut as global crude rebounded to about $76/bbl, with depot price adjustments stoking fears of another PMS hike. Cybercrime Trends: Fortra reports BEC attacks rose 22% in June, with gift cards and free webmail dominating cash-out attempts. Agriculture Disruption: Birds destroyed crops on 250 hectares in Zamfara’s Bakalori irrigation scheme, affecting 1,500 farmers and prompting calls for urgent intervention. Gas & Industrialisation: NLNG urged commercialising stranded gas, building interconnected infrastructure and fully implementing PIA incentives as Nigeria risks a gas supply deficit by 2030. Electricity Market Moves (Kogi): Kogi’s regulator began talks with Geregu Power to improve supply via a local power market and direct off-take arrangements. Governance & Elections Tech: Zazzau Emir Ahmad Nuhu Bamalli backed electronic voting to boost transparency and speed up collation. Capital Markets: NGX extended gains for a fifth straight session, adding N961.75bn in market value as banking and telecom-linked names led buying. Housing as Industry: Africa International Housing Show urged Tinubu to treat housing as a national economic priority, citing jobs, manufacturing and poverty reduction benefits.
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