AGP Executive Report
Last update: 11 hours agoFuel Subsidy & FX Pressure: Nigeria’s NRS chair says removing the petrol subsidy in 2023 helped prevent a worst-case naira slide to about N3,500/$ and a potential N53tn subsidy bill. Data Privacy in Banking: A Nigerian court ordered GTCO to stop sending “Fund 724” marketing texts to non-customers and disclose where it got the data. Consumer Finance Clarity: South Africa’s SARB plans to shift loan pricing from “prime” to repo-rate-linked benchmarks, aiming to make the bank margin visible to borrowers. Food Safety & Retail Trust: A viral Limpopo case saw a SPAR Express manager refund and apologise after a customer alleged rotten chicken—spotlighting how fast customer service can make or break brands. Tobacco Policy Backlash: Nigeria’s tobacco monitoring group ATIM urges lawmakers to reject amendments that could weaken the 2015 Tobacco Control Act and reopen loopholes for nicotine products. Anti-Drug Smuggling via Food: NDLEA reports cannabis hidden in cookies and gummies at Lagos port, warning parents to watch children’s snack choices. Digital Manufacturing Push (Enugu): ITF and Enugu state will set up a Digital Fabrication Centre to train youth and boost local production. Retail Expansion in Saudi: Apparel Group’s deal brings 24 retail and dining brands to Knowledge Economic City’s Multaqa Al Madinah Mall. Energy Retail Innovation: Sunbeth Energies launches Nigeria’s first self-service fuel station in Lagos, letting motorists control fueling and payments digitally.
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.