AGP Executive Report
Last update: 4 hours agoBorrowing Plan: The Federal Government defended its proposed $21.7bn external borrowing, saying it will fund productive investments and generate long-term returns, while targeting single-digit inflation by the end of 2027. Workers’ Pay: The TUC rejected the N70,000 monthly transport allowance and called for an immediate salary increase and a N300,000 minimum wage, arguing temporary relief cannot keep pace with living costs. Markets: The NGX shed N718.95bn on Wednesday as the All-Share Index fell 0.44%, with banking stocks leading losses. Industry Costs: Manufacturers spent an estimated N1.35tn on alternative power in 2025; the sector grew just 1.41%, as high energy costs continued to weigh on production. Digital Finance: More than half of financial-sector respondents say they are preparing for data-localisation rules due in January 2027, but the CBN warned that localisation alone will not secure the system. Investment: Nigeria’s portfolio inflows rose 17.6% to $7.09bn in the second quarter, while direct investment remained comparatively weak.
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