AGP Executive Report

Forex & Travel Rules: The CBN released the fourth edition of its Foreign Exchange Manual, keeping PTA at $4,000 per quarter but requiring at least 75% via payment cards/digital channels and stressing use of authorised channels. Data Privacy & Tax Tech: NDPC partners Meta on a two-year data protection push, while NRS accredits Afri Invoice as an Access Point Provider for Nigeria’s mandatory e-invoicing ahead of the July deadline. South Africa Repatriation: Nigeria plans repatriation flights after xenophobic attacks, with the first flight set for Wednesday and screening/clearance already underway. Security & Justice: HURIWA questions the adequacy of the evacuation plan; police in Rivers probe alleged unlawful detention; Ogun police bust a fake kidnap syndicate arresting eight foreign nationals. Politics & Courts: An ADA chieftain sues INEC seeking nullification of NDC registration; meanwhile, NDC leadership crisis deepens over Kano structure control and Kwankwaso exit threats. Insecurity on the Ground: Oyo demolishes a building linked to kidnappers behind the Adelabu family abduction; Enugu debunks a viral UNN attack rumour. Sports & Culture: NVBF begins the 2026 National Premier Volleyball League in Abuja; SWAN and Anambra FA end a two-year feud; Ayra Starr fires back at fashion backlash; Miss World Nigeria 2026 goes to Bayelsa’s Tamunosoye Karibi-George.

Kidnapping Crisis in Borno: Nigeria’s security forces rescued 360 captives from a Boko Haram-linked hideout in the Mandara mountains, Borno, in an intelligence-led operation. Security & Policing: Police confirmed the safe rescue of an abducted woman and her twin sons in Ibadan, after sustained surveillance and a confrontation that killed two suspects. Economy & Markets: The CBN’s OMO maturities are expected to inject about N10.9tn liquidity in June, while the NGX stock market shed N4.9tn in the first week of June. Telecoms: MTN defended its data billing after customer complaints, saying depletion is not intentional and promised better service quality. Politics: PDP professionals ordered loyalists occupying Wadata Plaza to vacate following a Court of Appeal judgment, while Ekiti PDP urged calm ahead of the governorship poll. Energy & Environment: The Navy marked 70 years of maritime operations, and a Niger Delta group renewed calls to stop routine gas flaring amid claims of massive oil spills.

Boko Haram Hostage Rescue: Nigeria’s military says it freed 360 abductees, mainly women and children, from a Boko Haram hideout in Borno’s Mandara mountains, after an intelligence-led assault; two infants reportedly died from harsh conditions. Kidnapping Fallout: A separate report says Boko Haram also released 416 women and children abducted from Ngoshe, though details of how the release was secured remain disputed. Security Response in Oyo: Police rescued the younger sister of ex-Power Minister Adebayo Adelabu and her twin sons in Ibadan, killing two kidnappers and recovering firearms; more victims are said to be coming home soon. Telecom Data Row: AAC presidential candidate Omoyele Sowore attacks MTN CEO Karl Toriola over claims that “unlimited” mobile data doesn’t exist globally, hinting at an #OccupyMTN protest. Aviation Cost Relief: Dangote Refinery cuts Jet A1 aviation fuel price by ₦100 per litre, a move expected to ease airline operating costs. SME Financing Boost: Development Bank of Nigeria tops N1trn MSME lending and plans to mobilise N1.3trn for a new five-year growth push. Politics & Youth: Peter Obi urges young Nigerians to avoid tribal and ethnic politics, warning against repeating post-2023 election discourse. Energy & Tourism: Ikogosi Warm Springs Resort says renewable energy investment saved over N513m, while CAN South-West calls for a security state of emergency over rising kidnappings.

School Kidnapping Crisis: A national outcry grows after gunmen abduct children and teachers in Oyo and Borno, with some victims still unaccounted for and a teacher reportedly beheaded, as Nigerians demand stronger protection for schools. Security & Police Operations: Police say they rescued Mrs. Olaide Adeloke John-Paul and her twin sons in Ibadan after three days in captivity, killing two suspected kidnappers in a gun battle; in Abuja, police also paraded suspects and flagged plans to clamp down on tinted glasses and concealed plates. Ebola Alert: WHO reports nearly 500 Ebola cases in Central Africa, prompting precautionary advisories in Lagos health facilities as Nigeria watches importation risks. Insecurity Debate: Criticism mounts over military airstrikes allegedly killing civilians, including children, renewing calls for better safeguards. Economy & Finance: AfDB warns Nigeria’s private-sector credit remains low (9.4% of GDP) despite bank recapitalisation; insurance firms also report revenue decline of 9.9% to N228bn. Politics & Courts: Court of Appeal faults a Federal High Court judge for granting reliefs not sought in a PDP leadership dispute. Sports & Culture: Tobi Amusan wins 100m hurdles in Taiwan with a meet record; Nigeria’s Super Eagles face Portugal in a friendly as Portugal coaches confirm squad plans. Evacuation From South Africa: Nigeria’s screening for citizens’ evacuation ends, with aircraft deployment expected after verification.

Prediction Markets: OpinionMarket is launching Nigeria’s first mainstream prediction market platform, letting users buy and sell positions on outcomes ranging from sports to the 2027 presidential election, with prices moving based on trading activity. Education: 58,187 candidates sat for the 2026 NECO National Common Entrance Examination across Nigeria, with federal officials describing the exercise as orderly. Security & Crime: Kaduna police rescued three kidnapping victims after 40 days and arrested five suspected informants; in Abuja, police arrested a “one-chance” syndicate after 18 months of surveillance, alleging kidnappings and robberies. Economy & FX: The naira slipped slightly at the official market to N1,362.21/$ as FX turnover fell sharply. Telecom Regulation: Tinubu ordered the FCCPC to dismantle Optasia’s alleged 12-year monopoly in airtime credit and data advances, a move expected to open up the sector. Hajj Update: Lagos pilgrims begin return flights from Saudi Arabia next week, starting June 8. Politics & Courts: Peter Obi again criticised the government’s security approach, while Sowore told an Abuja court his lawyers deserted him in a DSS defamation case.

Repatriation Amid Xenophobia: Nigeria says it will repatriate over 1,000 citizens from South Africa as anti-immigrant protests and attacks intensify, with screening already under way and waivers sought for people with immigration-related offences. Kidnapping Alarm in the North-West: Authorities in Zamfara have launched a search after gunmen abducted students in Kaura Namoda, with one victim escaping and police investigating where the others were taken. Religious Freedom vs Self-Defence: A legal battle is brewing as Nigerian Christians push for the right to defend themselves, arguing current restrictions leave communities exposed to attacks. Ebola Preparedness: The NCDC says Nigeria is not fully ready for Ebola but insists it can contain any outbreak, citing strengthened screening at major airports while admitting gaps in health workers and lab capacity. Sports and National Pride: Nigeria’s Super Falcons beat Senegal 2-1 in a WAFCON warm-up, while Team Nigeria’s Commonwealth Games preparations move to an overseas camp in Aberdeen. Procurement Overhaul: The BPP says Nigeria will launch a digital e-marketplace to cut human interference and boost transparency in public procurement. Security Push: Troops report arrest of 35 terror suspects, rescue of 11 victims, and neutralisation of five terrorists in nationwide operations.

Security & Justice: Omoyele Sowore returned to a Federal High Court in Abuja to renew his demand that Justice M.G. Umar recuse himself after his lawyers quit over alleged maltreatment, while police also probed NSCDC Mining Marshals’ commander’s petition alleging FID interference. Insecurity in Abuja: FCT police foiled an abduction attempt in Byazhin, rescuing a couple after a gun battle, and separately launched a crackdown on tinted vehicles and concealed number plates, impounding 30+ cars linked to kidnappings and “one-chance” robberies. Politics & Democracy: Senate Minority Leader Abba Moro warned that manipulation of party primaries threatens Nigeria’s democracy, as UK observers are set to monitor Ekiti and Osun governorship polls. Kidnapping Outcry: Atiku condemned the Tinubus over abducted Oyo schoolchildren still in captivity, as protests continue. Migration: Nigeria begins screening to repatriate over 1,000 nationals from South Africa amid rising xenophobic tensions. Economy/Policy: CBN set new cash travel limits for forex, while TCN warned of daily power outages in Delta until June 16. Agriculture/Local Growth: IFAD-VCDP distributed agro-inputs to Enugu farmers for wet-season farming.

State Police Push: The Tinubu Presidency says constitutional amendments for state police are nearing completion after months of consultative talks, with enabling laws expected to follow—aimed at strengthening local security amid rising insecurity. Oyo School Abduction Protests: Angry protesters stormed Abuja over the abduction of pupils and teachers in Oyo State, while Sunday Igboho renewed claims he can expose politicians allegedly linked to the kidnappings. Security & Courts: A federal court ordered Omoyele Sowore to open his defence in a Tinubu defamation case, and four men were sentenced to death over the 2022 Owo church attack. Power Sector Disruption: TCN confirmed vandalisation and collapse of six towers on the Apir–Lafia 330kV line, taking both lines out of service and disrupting supply. Economy & Markets: Foreign capital inflows surged 83.8% to $10.37bn in Q1 2026, led by portfolio investment, while the naira inched down at the official market. Tech & Policing: Nigeria Police strengthened officers’ capacity to use AI for law enforcement through a leadership workshop. Sports & Culture: Nigeria and Poland drew 2-2 in a friendly watched at an Abuja viewing party, and the Nigeria Volleyball Federation named new national coaching teams.

Campaign Promises: Accord Party’s Gbenga Olawepo-Hashim tells Abuja rally he’ll cut the naira exchange rate to N500–N525 per dollar if elected in 2027, blaming Tinubu’s administration for worsening hardship. Kidnapping in FCT: Gunmen abduct four residents in Kubwa (Byazhin area) and kill a vigilante member during an early-morning attack, raising fresh fears around Abuja satellite communities. Security Reform Debate: Civil society groups demand transparency and constitutional safeguards as Nigeria discusses state police creation, warning against undermining rights and democratic accountability. Protest and Court Moves: Omoyele Sowore leads a nationwide protest in Abuja demanding rescue of abducted schoolchildren, while a Federal High Court orders him to enter his defence in a cyber-defamation case from June 5. Labour vs Government Agencies: Nigeria Labour Congress writes Tinubu over alleged corruption and administrative breakdown at the Lower Niger River Basin Development Authority in Ilorin. Sports: Super Eagles’ Eric Chelle explains seven half-time changes after a 2-2 friendly draw with Poland; Terem Moffi says Nigeria faces a tough Portugal test next. Energy Policy: Tinubu approves preparations for Nigeria’s 2026 oil and gas licensing round for Q3 2026. Human Rights/Detention: Widow and detained children sue IGP and FCT police chief over alleged unlawful detention.

Court Verdict on Church Attack: A Nigerian federal court sentenced four men to death for the 2022 St. Francis Catholic Church attack in Owo, Ondo State, where at least 50 worshippers were killed, including children, with the court also handing 20-year terms for terrorist membership. Insecurity Update: Gunmen in Sokoto State killed at least 37 people in two days of attacks on a rural community, including during a mourning gathering, as residents reported looting and village burnings. Elections & Data Privacy: Police arrested an INEC official over a voter data breach and interrogated Lere Olayinka, Wike’s media aide, after a leaked screenshot exposed biometric tracking data. Power Sector: TCN said vandals destroyed six transmission towers on the Apir-Lafia line in Nasarawa, leaving two lines out of service and using an alternative route to keep supply to Abuja-area distribution firms. Business & Finance: Nigeria recorded $10.37bn capital importation in Q1 2026, up 83.83% year-on-year, driven mainly by portfolio investment. SMEs & Growth: FCMB’s George Ogbonnaya said SMEs need more than loans—reliable infrastructure, skills, and digital transformation are key to scaling. Sports & National Pride: Super Eagles were held 2-2 by Poland in Warsaw after a late stoppage-time equaliser.

Terror Trial Verdict: A Federal High Court in Abuja sentenced four men to death by hanging over the 5 June 2022 St Francis Catholic Church attack in Owo, Ondo State, while acquitting a fifth defendant for lack of sufficient proof. Security Crackdown: Police in Yobe say they raided an illegal “Dane gun” fabrication workshop in Potiskum and arrested seven suspects, recovering pistols, gun parts and a filing machine. Insecurity Toll: Gunmen in Sokoto State reportedly killed at least 37 people in two days of attacks, including raids on a village and a return attack on mourners. Emergency Response Boost: Vice President Kashim Shettima praised Starlink’s donation of specialised communication terminals to NEMA, saying it will improve disaster coordination and response time. Ebola Preparedness: Nigeria’s health ministry says there are no confirmed Ebola cases, but has intensified screening, surveillance and public awareness as outbreaks continue in DRC and Uganda. Economy Watch: Stanbic IBTC’s PMI shows Nigeria’s private sector growth hit a nine-month high in May, driven by stronger new orders and output despite cost pressures. FX Liberalisation: The CBN has relaxed domiciliary account rules, giving Nigerians more freedom to access foreign currency balances under its Foreign Exchange Manual 2026. Politics in Court: An Abuja court adjourned an ADC leadership suit challenging interim executives led by David Mark to June 8.

Ebola Preparedness: The House of Representatives urged the federal government to urgently fund the Nigeria Centre for Disease Control (NCDC) to boost Ebola and epidemic response as lawmakers warned Nigeria’s surveillance system is under strain. Security Crisis: The Christian Association of Nigeria (CAN) declared June 12–14 a three-day national mourning, with June 14 tagged “Black Sunday,” and demanded a state of emergency on insecurity. Teachers Under Siege: Nigeria’s teachers’ unions staged protests in Abuja and Benin over abductions and killings of teachers and pupils, with calls for immediate action to secure schools. Finance & Housing: President Tinubu praised MOFI’s MREIF for delivering N128bn mortgages to 1,859 families across 25 states, citing 20-year tenors and 9.75% fixed rates. Payments & Poverty: CBN Governor Olayemi Cardoso said an efficient payment system is key to lifting Nigerians out of poverty as he unveiled the Nigeria Payments System Vision 2028. Innovation Boost: WIPO opened its first Sub-Saharan Africa office in Abuja, aiming to deepen Nigeria’s intellectual property and innovation drive. Sports: StarTimes announced full LIVE coverage of the 2026 FIFA World Cup in Nigeria with a “Watch the World Cup. Win Big” prize campaign.

Security Pressure on Government: Pastor Enoch Adeboye urged President Tinubu to give security chiefs a 90-day ultimatum to end terrorism or resign, adding that sponsors of attacks must also be targeted. School Kidnapping Protests: Teachers and students staged rallies in Abuja, Osun, and Ogun demanding the immediate release of abducted Oyo schoolchildren and staff, with FCT minister Nyesom Wike assuring security agencies are working while warning against politicising insecurity. Court Update on Owo Attack: A Federal High Court in Abuja fixed June 3 for judgment in the DSS trial of five suspects linked to the 2022 St. Francis Catholic Church attack in Owo, where prosecutors seek death sentences. CBN Payments Push: The CBN launched Payments System Vision 2028, targeting 95% financial inclusion, faster digital transactions, and fraud losses below 1% by 2028. Food Prices Rise: NBS reported month-on-month increases in April for tomatoes, beans, garri, onions and ginger, reflecting continued cost-of-living pressure. Business/Markets: Nigeria’s stock market opened bearish, shedding about N1.81tn as investors took profits, while NNPC said April revenue rose sharply and crude output hit 1.68mbpd.

FCT Security & Livestock: Abuja residents got an apology from FCT Minister Nyesom Wike after he admitted cattle are still roaming major roads, saying he takes responsibility and will push stricter enforcement. Mining Crackdown: NSCDC has arraigned 24 suspects for illegal lithium mining in Nasarawa, including 15 Chinese and 9 Nigerians. Kidnapping Pressure: NDC leader Rabi’u Musa Kwankwaso raised alarm over delays in rescuing Oyo kidnapped pupils and teachers, urging urgent action. Ebola Preparedness: NCDC intensified surveillance for travellers from Ebola-hit countries, with health workers told to treat symptomatic arrivals as suspected cases within 21 days. Power Sector Reality Check: Nigeria’s blackout problem persists despite World Bank-backed funding totalling about $3.653bn over two decades. Capital Markets Upgrade: NGX became Africa’s first market to launch the T+1 settlement cycle, cutting settlement to one business day. Court Watch: Federal High Court opened weekend filing for pre-election cases, while the Supreme Court set aside an appellate ex parte “judicial tragedy” order. Maritime Security: Tinubu inaugurated new naval vessels and a Gulf of Guinea task force to strengthen Nigeria’s maritime security architecture. Politics 2027: Omo-Agege celebrated Peter Obi’s ratification as NDC presidential candidate for 2027.

Opposition Politics: Peter Obi says he will run for president again in January after winning the NDC nomination, setting up a fresh Tinubu-versus-Obi rematch as the opposition remains divided. Security & Kidnapping: Nigerian Army troops rescued 23 kidnap victims along the Ayegunle–Bunu road in Kogi after bandits attacked and abandoned passengers during a pursuit. School Safety: Nigeria’s teachers in Oyo State begin an open-ended strike over the continued captivity of abducted teachers and pupils, while NUT also urges more security deployment to border schools. Terrorism Update: New reports claim a Nigeria–US airstrike that killed ISWAP commander Abubakar Mainok also wiped out three key lieutenants, creating a leadership vacuum. Court & Crime: An Anambra court sentenced a tricycle operator to death by hanging for murder linked to a “one chance” robbery. Business & Culture: MultiChoice launches a month-long free DStv upgrade campaign for eligible subscribers, while BBNaija season 10 reunion premieres June 8. Sports: Tobi Amusan wins her first Diamond League race of the season in Rabat, and Nigeria’s Super Falcons open camp for Senegal friendlies ahead of WAFCON.

Tertiary Education: The Presidency commissioned new female students’ hostels at Sa’adu Zungur University, Gadau and Yuli campuses, funded through TETFund. Education Funding: Former minister Osita Chidoka warned Nigeria spends only 2.14% of GDP on education in 2026, far below UNESCO benchmarks. Politics 2027: Accord Party’s Gbenga Hashim emerged presidential candidate after affirmation primaries with 423,902 affirmative votes. Security & Crime: Police said 140 officers died in the FCT within one year; NDLEA seized ketamine and ecstasy hidden in water purifier machines and intercepted military-grade ammunition. School Abductions: Oyo teachers begin an indefinite strike from June 1 over abducted teachers and pupils. Energy & Economy: CPPE linked 37.46% growth in petroleum refining to Dangote Refinery and Middle East disruptions; CBN data showed Nigeria’s food import bill fell to $2.34bn in 2025. Sports: Super Falcons named a 23-player squad for Senegal friendlies; Flamingos thrashed Guinea 11-0 on aggregate to reach the final qualifying round.