AGP Executive Report
Last update: 43 minutes agoFuel Costs and Labour: The government announced a 30-day petrol discount at NNPC stations, prioritising public transporters and proposing a N1,350-per-litre ceiling on landing costs. The NLC rejected short-term relief, giving the government 14 days to cut pump prices and begin minimum-wage talks. Gas and Oil: Nigeria LNG is exploring an eighth train, though its existing facility remains under force majeure and Train 7 is still more than a year from start-up. Separately, crude output rose to 1.821 million barrels per day in September, while regulators aim to restore 788,000 barrels per day of shut-in production. Agriculture: Researchers found that satellite data combined with farmers’ reports can reveal drought damage to rice crops, offering a potential boost to early-warning systems. Manufacturing: Textile stakeholders called for industry revival, warning that imports cost Nigeria up to N530 billion a year.
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