AGP Executive Report
Last update: 3 hours agoFinance: Nigeria’s net foreign reserves have reached a record $46 billion, while J.P. Morgan plans to open a merchant bank before year-end, subject to regulatory approval. The World Bank forecasts 4.3% economic growth in 2026. Power: The government has set up a task force to protect electricity infrastructure after repeated vandalism disrupted supply. Security: Gunmen abducted three Cocoa Research Institute staff in Ibadan; the kidnapping comes days after a military aircraft crash in Ondo killed 25 people. Cost of Living: A 30-day petrol discount at NNPC stations has reignited the subsidy debate, with opposition figures criticising the measure and labour demanding lower fuel prices. 2027 Elections: INEC’s voter register has topped 103 million, with Lagos leading; the APC is urging the commission to bar parties that breach membership-register rules from fielding candidates. Business: Mobility-financing firm Moove is exiting Nigeria and transferring vehicles worth about N35 billion to customers.
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