AGP Executive Report
Last update: 4 hours agoNigeria’s Stock Market: Investor transactions on the NGX reached N15.06 trillion in the first nine months of 2026, more than double a year earlier. Domestic investors drove the rise, accounting for nearly 90% of trades, while foreign activity fell. Banking: IDFC First Bank reported Q2 net profit of ₹1,045 crore, while Kotak Mahindra Bank’s profit rose 29% to ₹4,212 crore. Amex Jobs: American Express plans to cut 3,500 jobs, about 5% of its workforce, despite a sharp profit increase as it restructures and expands its use of AI. Credit Card Costs: U.S. card balances hit $1.26 trillion in Q2. Paying only the minimum can let interest pile up; experts urge borrowers to spot warning signs early and make a repayment plan. Savings and Rewards: Amex’s new $250 Airbnb credit is available through its travel platform, but cardholders should weigh the benefit against the Platinum card’s nearly $900 annual fee. Savings accounts remain useful for emergency cash, though money held there long term may miss higher investment returns.
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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