AGP Executive Report
Last update: 8 hours agoRefining: Dangote Refinery’s fuel exports have overtaken domestic supply, reaching 54.63 million litres a day, while seven modular refineries are expected to begin operations next year. Telecoms: Airtel Nigeria’s Open Network initiative will let subscribers check local network information and report service problems, adding pressure for transparency and better coverage. Oil and Gas: TotalEnergies agreed to farm out a 40% stake in offshore block OPL257 to SAPETRO, with appraisal work planned to advance the Egina South development. Power: The Federal Government’s long-term plan targets 70,000MW of generation by 2060 and identifies 21 dams for possible hydropower projects. Minerals and Manufacturing: The Nigerian Metallurgical Society urged investment in processing and metal production to turn mineral resources into local products and jobs; manufacturers, meanwhile, warn that high production costs are weakening competitiveness. Business: Seplat’s nine-month profit nearly tripled as production rose, while Cadbury Nigeria reported N126.69bn in turnover, underlining contrasting performances across major firms.
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