AGP Executive Report
Last update: 6 hours agoSouth Africa–Nigeria Diplomacy: Nigeria issued a strong protest to Pretoria over xenophobic attacks on Nigerians, citing at least 98 deaths since 2022 and urging protection, prosecution and concrete action after talks between Tinubu’s envoy and South Africa’s special envoy. Data Protection & Payments: A Federal High Court upheld NDPC’s power over PoS operators, ordering registration to comply with the Nigeria Data Protection Act and warning of sanctions for non-compliance. Petroleum Downstream Tensions: House lawmakers moved to stop dollar-denominated charges on locally refined products and plan investigations into fuel import licence allocation as they consult regulators and agencies on downstream reforms. Security & Budget Scrutiny: Tinubu condemned overnight killings in Southern Kaduna as unprovoked terror and ordered security agencies to hunt killers; meanwhile, critics flagged the 2026 budget for fiscal missteps including palace projects with unclear locations. Energy & Corporate Numbers: NLNG said it generated $149.6bn revenue, paid $47.2bn dividends and remitted $10.8bn tax, while Nigeria’s net foreign liability rose to $90.2bn in 2025 as high interest rates attract foreign carry-trade flows. Manufacturing & Cost Pressure: NSDC urged cheaper power, single-digit loans and faster ports to cut production costs; analysts warn manufacturing recovery is weak as energy and borrowing costs stay high. Capital Markets & Business: AVA Capital plans entry on NGX via listing by introduction; ARCO raised N2.81bn in commercial paper on FMDQ. Education & Inclusion: FG said it invested over N1tn in tertiary education in two years; INEC urged parties to deepen internal democracy ahead of primaries.
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.