AGP Executive Report
Last update: 3 hours agoEnergy & Regional Trade: ECOWAS leaders in Freetown signed the Intergovernmental Agreement for the African Atlantic Gas Pipeline, a Nigeria–Morocco project meant to move about 30bcm of gas annually and deepen West African energy security and industrialisation. Power Sector Finance: FG says it has settled N333bn of legacy GenCos debts and paid the first bond coupon, paving the way for a N729bn Series II bond to restore investor confidence. Oil & Gas Licensing: NUPRC opened the 2025 commercial bid phase with 143 prequalified firms competing for 50 blocks; 13 blocks will return after failing to attract bids, while winners will be picked on signature bonus, work programme and performance security. Digital Inclusion & Consumer Credit: FG launched the Credit for Laptops, Internet, Connectivity and Knowledge Digital Devices (C.L.I.C.K.D) scheme via CREDICORP to finance locally assembled devices and boost access to the digital economy. Regulation & Consumer Protection: Senate passed a bill to overhaul food and drug regulation into a single framework, and also advanced insurance reform to replace NAICOM with a new Insurance Regulatory Commission. Business Environment: AMMON withdrew its lawsuit blocking 1.55m smart meter procurement, clearing the path for stalled metering programmes. Anti-Corruption & Governance: ECOWAS anti-graft agencies have begun operationalising a regional protocol for cross-border investigations and asset recovery, with EFCC leadership highlighting intelligence sharing. Macroeconomy & Risk: IMF warns Sub-Saharan Africa could gain only about 0.2% from AI without fixes to electricity, internet and digital skills, versus ~4% with reforms. Fuel Prices: NNPC increased petrol pump prices in Lagos and Abuja amid continued loading disruptions at Dangote Refinery. Security & Human Capital: NSCDC busted a suspected fake university in Lagos, rescuing 106 youths recruited with promises of foreign admissions.
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.