AGP Executive Report
Last update: 2 minutes agoPorts and Trade: APM Terminals Nigeria called for modern port infrastructure and stronger public-private partnerships, saying congestion and capacity constraints hold back trade and productivity. Food and Consumer Goods: Nestlé Nigeria plans to transfer its waters and premium beverages business to a new company linked to the Peranel joint venture; regulatory and shareholder approvals are still required, and deal terms have not been disclosed. Energy Finance: Afreximbank and APPO formally launched the Africa Energy Bank in Abuja with $5 billion in authorised capital to finance energy projects; Helmy Ghazi was named its first president. Renewable Power: Solar investors are stepping up efforts to tackle unreliable electricity, with Nigeria’s operational solar capacity at about 620MW and more than 600MW in project agreements. Digital Infrastructure: NITDA’s director-general urged investment in affordable internet access for underserved communities, calling connectivity essential to inclusive growth and access to emerging technologies. Research and Markets: Nigeria’s industrial goods index led NGX sectors in October, gaining 16.85%, while the banking index fell 10.42%; a Nigerian research council chief was also elected to WAITRO’s board, giving the country a stronger voice in global industrial research.
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