AGP Executive Report
Last update: 9 hours agoDeep Offshore Oil Reform: President Tinubu approved a rules-based deep offshore oil and gas incentives framework to unlock up to $50bn, replacing project-by-project deals and fast-tracking eligible projects like Shell’s Bonga South West, with a push for local execution. Capital Markets: Nigeria’s stock market slid again, losing about N1.17tn as MTN Nigeria and other major counters drove sell-offs. Banking & Insurance Oversight: The Senate gave Seplat and other oil firms 48 hours to respond to NEITI audit queries, while NAICOM moves to clear more recapitalised insurers after verification. SMEs & Digital Payments: eTranzact urged wider digital payments for MSMEs, linking fintech adoption to inclusion and growth. Aviation Update: Nigerian airlines resumed operations after unions suspended industrial action over ticket sales charge remittances, though backlog clearing continues. Security & Diplomacy: UK proposed air defence, counter-drone tech, intelligence support and a forward operating base concept for Nigeria. Politics & Violence Watch: Osun election tensions remain in focus, with calls to de-escalate after reported deaths and concerns over security neutrality. Education & Health: Anglican Church and FG partner on tackling preventable deaths and expanding life-saving training. Energy & Refining Debate: Dangote Refinery reiterated it will buy Nigerian crude only when volumes and prices are commercially viable, amid ongoing domestic crude supply arguments.
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