AGP Executive Report
Last update: 11 hours agoPayments Innovation: Lloyds used USDC to settle $750,000 of obligations with Visa in a live pilot, with funds arriving in under an hour, including over the weekend. Banking Outlook: Lloyds plans further branch closures as customers shift online, while its September business-confidence measure fell 12 points to 41%, its lowest since April 2025. African Finance: JPMorgan is targeting a Nigeria merchant-bank launch before the end of 2026, subject to regulatory approval, to expand financing options for businesses. Zenith Bank’s first-half pre-tax profit rose 1.9% to N637.6 billion, but after-tax profit fell 19.1%; its proposed interim dividend increased 20%. Markets and Risk: India’s central bank is tightening banks’ daily cash-reserve requirements from October 16. US inflation data and major bank earnings are in focus next week, while cyberattacks targeting South Korean financial institutions underline growing security risks.
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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