AGP Executive Report
Last update: 5 hours agoWealth & Markets: Standard Chartered says it has in-principle approval to distribute wealth products from India’s GIFT City, with Signature CIO Funds planned for launch soon. Credit Stress in Power: Nigeria’s Geregu Power became the first corporate bond default in seven years, missing a coupon and principal payment as regulators push power-sector clean-up. Tokenization Push: NYSE President Lynn Martin says the exchange is building onchain settlement infrastructure for tokenized securities, following live testing with DTC. Digital Payments: The Philippines’ BSP and PPMI rolled out Direct Debit PH plus InstaPay Cash-In and InstaPay for Business to boost access and raise business transfer limits. AI Finance Debate: Mark Cuban warned Nvidia’s “IPO” role in AI may resemble dot-com-era financing risk, while another analysis argues AI valuations could form a dangerous capital loop. Nigeria Housing Finance: FMBN launched a diaspora NHF mortgage window offering up to N100m at 9% for up to 10 years. Regulatory Watch: ASIC issued $594k in infringement notices to Mainfreight firms for late financial reporting. Corporate Finance Dealmaking: Pakistan’s Privatisation Commission signed a KPMG-led advisory agreement for the second attempt to privatise HBFCL. Inclusion Metrics: Egypt reported financial inclusion at 79% (56.4m active accounts), with women and youth showing the biggest gains. Australia Markets: Westpac’s quarterly update dragged Australian banks lower ahead of the RBA decision.
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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