AGP Executive Report
Last update: 6 hours agoBanking Strategy: Access Holdings is considering exiting at least one underperforming foreign subsidiary to meet the CBN’s cap on overseas investments by Nigerian banks. Retail Finance: Shoprite and Investec agreed in principle to expand Shoprite’s financial services with transactional accounts and a debit card, subject to regulatory approval. Digital Finance: MTN’s nine-month service revenue rose 17.2% in constant currency to R176.2bn; Mobile Money users grew 9.3% to 70.3 million. Startup Funding: Nigeria, JICA and NSIA are working to establish six funds for startups developing local solutions. Women Entrepreneurs: AfDB is providing $750,000 to three Nigerian organisations for a three-year support programme; Lagos’s LSETF plans to assist 610 women-led businesses with training, mentoring and market access. Climate Finance: COP31 opened amid disputes over funding, with African countries pressing to triple adaptation finance. Capital Markets: Dangote said the refinery IPO drew millions of investors but fell short of its 10 million target.
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.
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