AGP Executive Report
Last update: 8 hours agoFX & Crypto Pressure: Nigeria’s naira slid to about N1,363/$ in the official market as FX liquidity stayed tight, while Bitcoin traded under $63,000 amid broader risk-off moves. Fraud Costs Mount: Nigeria’s CBN data shows customers lost N134.48bn to fraud across 2020-2025, with 2024 a spike year before declines in 2025. GCash IPO Push: Mynt, the GCash operator, cleared board and shareholder approval to pursue an IPO, filing with the SEC and applying to list at the PSE. Crypto Security Warning: Microsoft flagged a “crypto clipper” malware campaign spreading via USB drives and clipboard hijacking, capable of swapping wallet addresses and exfiltrating seed phrases. Digital Assets Infrastructure: BitGo Europe partnered with Bielik.io to help the Polish platform transition under MiCAR using regulated custody and trading infrastructure. Stablecoin Expansion: AllUnity launched SEKAU, a Swedish krona-backed stablecoin under MiCA, with Banking Circle managing reserves. Fintech & AI Compliance: ReSource Pro teamed with Percipience to modernize insurance data for AI-ready operations, while Arrel hit ISO 27001 and SOC 2 Type II and added Circle-backed settlement infrastructure plus MPC tech. Payments Growth Theme: A report projects wearable payments to jump to $186.5bn by 2032, driven by contactless devices and digital wallets.
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.