AGP Executive Report
Last update: an hour agoDangote Refinery IPO Watch: Nigeria’s SEC has cleared Dangote Petroleum Refinery’s about $1.6bn IPO, with the offer pegged at 4.1bn shares at ₦525—an early test of African capital-market appetite. Energy & Fuel Pricing: Reports say Dangote petrol is now cheaper than imported fuel by roughly ₦45–₦46 per litre, even as depot rates hold steady, intensifying pressure on import-parity pricing. Capital Markets: Nigeria’s SEC says T+1 settlement is running smoothly, while NGX closed the week up about N3.7tn as investors rotated into frontier-eligible names. FX & Liquidity: Official FX turnover fell 21% week-on-week to $2.41bn as market activity slowed, with the naira also showing mixed movement. Consumer & Regulation: FCCPC has opened a probe into Uber’s exit, focusing on unfulfilled services; meanwhile, SEC and customs updates point to tighter market and trade oversight. Healthcare Cashless Worry: FCT public hospital patients allege cash-only payments and unclear receipts, raising accountability concerns. Governance & Delivery: FCT’s National Library project faces sanctions risk as the education minister orders contractors to hit timelines. Maritime Finance: FG pushes to fast-track the long-delayed Cabotage Vessel Financing Fund disbursement to shipowners.
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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