AGP Executive Report
Last update: 7 hours agoOil Sector: EFCC investigators uncovered a suspected illegal refinery in Ogun, where Chinese operators allegedly processed sludge oil into diesel for sale in Nigeria. Trade: Nigerian exports have grown more than 25% in two years, the NPA says, citing gains in agriculture, manufacturing and oil and gas. Capital Markets: NNPC is weighing a 5%–10% stake sale, likely through a domestic IPO, with preparations expected to take at least until 2027. Business Activity: Nigeria’s private sector recorded its strongest output growth since 2022, as new orders rose. MTN Nigeria reported N1.2 trillion in nine-month profit on revenue of N4.6 trillion. Markets: The NGX added N28.65 billion on Tuesday, recovering most of Monday’s losses. Public Finance: Economist Akan Ekpo urged the government to pause external borrowing until it publishes the projects and feasibility studies behind the loans.
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