AGP Executive Report
Last update: 12 hours agoCapital Markets: Dangote Refinery’s IPO has attracted investors from 51 African countries and more than 90 countries worldwide. The offer closes October 27; the company reported $22.5bn in revenue and $4.7bn in profit for the nine months to September. Public Finances: The Finance Ministry disputes the World Bank’s estimate that debt interest consumed 124% of federal revenue in the first half of 2026, saying the calculation uses incomplete revenue figures and includes state debt payments. Energy Costs: Brent crude neared $110 a barrel, raising the risk of higher fuel, transport and production costs even as Nigeria’s inflation eased to 14.63% in September. Business Financing: BOI has joined a $4.1bn and ₦435bn Renaissance vendor-financing scheme to help Nigerian oil and gas contractors fund projects and equipment. Growth and Jobs: The government is pushing to expand CNG use, targeting one million gas-powered vehicles, while a €14m EU grant will support preparations for a 90,000km fibre network.
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