AGP Executive Report
Last update: an hour agoU.S. Labor & Rates: Employers cut 23,000 jobs in July and revisions shaved May/June by 103,000, while unemployment fell to 4.1% mainly as people left the labor force—cooling rate-hike chatter and lifting stocks to fresh highs. Iran Sanctions & Crypto: The U.S. sanctioned crypto exchanges tied to laundering Iranian military funds, targeting Shelbit Exchange and others and warning of continued pressure. Nigeria FX & Markets: The naira slid again at the official window to about N1,365/$, while NGX market value climbed toward N160trn as Tinubu pointed to stabilizing reforms. Corporate/Deal Watch: Otedola added ~N18bn of First HoldCo shares, and Ellington Financial is nearing a servicer acquisition to expand subservicing/special servicing. Regulation & Trading Infrastructure: Canada’s CIRO halted then resumed trading in Stracon Group Holding (STG); the UK FCA flagged gaps in financial crime controls at asset managers and alternatives firms. Company Results: Expion360 reported wider gross margins in Q2; Ellington posted a profitable quarter; multiple public firms released quarterly updates.
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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