AGP Executive Report
Last update: an hour agoCapital Markets: SEC has cleared Dangote Petroleum Refinery’s IPO, with plans to sell 4.1bn shares at N525 each, potentially raising about N2.15tn and valuing the refinery around $47bn—an investor appetite test for Africa’s biggest share sale. FX & Macroeconomy: The naira strengthened on the NFEM to about N1,322.50/$ as the week ended, even as official FX turnover fell sharply to $2.14bn. Business Climate: NESG says Nigeria’s business performance index rose to 112.7 in August, the highest since February 2026, with manufacturing leading while investment stayed in contraction. Transport & Mobility: Uber shut down Nigeria after 12 years, while FAAN insists the exit is Uber’s business choice and links airport frictions to passenger experience and airport pickup rules. Energy & Aviation: Nigeria added 322,800 scheduled airline seats in September (1.19m total), and Delta targets 120MW power boost via gas-linked private partnership. Social & Policy: First Lady Tinubu launched the South-South National Community Food Bank programme in Calabar to tackle child malnutrition. Governance & Trade: Nigeria urged the AU to cut reliance on external funding for peace and conflict prevention. Security: NSCDC rescued 15 trafficked children and recovered stolen rifles, dismantling a telecom vandalism syndicate.
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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