AGP Executive Report
Last update: 8 hours agoBRICS Diplomacy: Ethiopia’s PM Abiy Ahmed urged stronger BRICS-Africa cooperation and resilience-building ahead of COP32, pitching Ethiopia as both a grain producer and a digital/AI reformer. Regional Security & Finance: BRICS leaders agreed on a West Asia approach centered on dialogue and diplomacy, while Russia called for UN Security Council expansion to better represent Asia, Africa and Latin America. Nigeria Capital Markets: Trading on the Nigerian Exchange fell sharply week-on-week, with NGX value down 47.4% and most indices closing lower. Insurance Deepening: Nigeria’s NAICOM said recapitalisation has pulled in N1.08trn into escrow, with funds due for release before Sept. 30, aiming to strengthen insurers’ ability to underwrite big risks. Ghana Agribusiness Push: Ghana’s 24-hour economy plan links greenhouses to cold storage, logistics and export corridors, including cut flowers via the Tamale Air Cargo Hub. East Africa Labour Mobility: Kenya and Uganda moved toward cross-border pension savings portability through reciprocal NSSF arrangements. Nigeria Defence Industry: DICON-D7G says Nigeria is positioning to become Africa’s hub for indigenous defence manufacturing, with a Lagos military jetty plan at an advanced stage. Dangote Refinery IPO: FDC CEO Rewane argued the Dangote refinery IPO offers a steadier dividend path than gambling, targeting a large shareholder base. Loss of a Statesman: Nigeria mourned former PDP chairman Bamanga Tukur, a ports and industries veteran and pan-African business figure.
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