AGP Executive Report
Last update: 9 hours agoDangote Refinery IPO Frenzy: Nigeria’s capital market saw a rush as investors scrambled for Dangote Petroleum Refinery and Petrochemicals’ IPO, with huge bids reported within an hour and the offer expected to be oversubscribed, opening a major retail participation push via digital platforms. Power Sector Liquidity: CardinalStone closed a N728.97bn Series 2 power bond to help clear GenCos’ legacy debts, signalling continued efforts to stabilise Nigeria’s electricity value chain. Renewables Investment: All On invested $5m in PowerGen to expand mini-grids, targeting 6,000 connections and 41,000 beneficiaries with up to 9MW generation capacity. Security & Maritime/Industrial Capacity: NIMASA inspected a Nigerian-flagged subsea diving support vessel to boost local maritime capability under cabotage, while the NAF took delivery of five new helicopters to strengthen airpower for operations. Anti-Drug Crackdown: NDLEA dismantled industrial meth labs in Ebonyi and arrested a Mexican kingpin linked to a transnational network. Inflation Watch: NBS reported headline inflation easing to 15.39% in August, with food inflation at 19.57%. Trade & Local Production Push: Anambra’s Soludo urged traders to shift from importation to local manufacturing, while Lagos police downplayed a protest at the Trade Fair Complex as the work of a few miscreants. Agriculture Inclusion: FAO said Nigeria’s agriculture gender gap costs $2.3bn annually, calling for faster support for women in agrifood systems. Tourism/Creative Economy: FG backed a 100-Day Tourism Calendar to monetise festivals and creative events, aiming to unlock the sector’s $100bn potential.
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