AGP Executive Report
Last update: 4 hours agoDrug Control & Ports: Nigeria’s NDLEA says it arrested a businesswoman at Lagos’ Murtala Muhammed Airport with 7.5kg of cocaine hidden in a false suitcase compartment, and seized 4,959kg of “Canadian Loud” cannabis worth about ₦12.397bn at Apapa Port—also dismantling a syndicate accused of planting drugs in travellers’ luggage. Trade Finance: Afreximbank warns Africa’s trade finance gap is still about $74bn (2025), with small firms hit hardest as banks demand collateral and long credit histories; it notes recent Lomé-linked efforts to widen SME and women-led business financing. Banking Governance (Togo): SUNU Bank Togo appoints Yves Nanan as secretary-general to oversee key units and compliance, as it continues restructuring including branch and cash-point closures. Instant Payments (BCEAO): BCEAO extends the deadline for connecting to the UEMOA instant payment platform PI-SPI to Sept. 30 for banks and EMIs, with microfinance institutions pushed to June 30, 2027. Electricity Mix (Togo): Togo met 53.3% of electricity demand via domestic generation in 2024, led by thermal plants, while imports supplied 46.7%—mostly from Nigeria. Water Planning (Mono Basin): AfDB will provide €1m to prepare bankable water projects for the Togo-Benin Mono River basin, including a master plan and investment pipeline.
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.
Perspectify News
