AGP Executive Report
Last update: 4 minutes agoFood Inflation Watch: Nigeria’s national food inflation eased to 19.57% in August as packaged FMCG prices stayed mostly stable, with 79% of tracked items showing no month-on-month change, while some categories like breakfast cereals and powdered milk saw more price declines. Gas & LNG Investment: TotalEnergies’ Ima offshore gas project cleared a $800m Final Investment Decision, targeting about 300 million scf/d at peak and feeding Nigeria LNG’s Train 7 expansion; the development is positioned as low-flaring and low-emission with Nigerian contractors. Port & Industrial Jobs: Tinubu witnessed Ogun State and DP World sign MoUs for the $7bn-plus Gateway Deep Sea Port and Blue Marine SEZ, aiming to decongest Lagos corridors and create 50,000+ direct jobs, with promises of regulatory clarity for investors. Energy Market Regulation: NMDPRA set a September 2028 target for Nigeria’s domestic gas market to move toward a willing-buyer, willing-seller framework, while PETROAN ordered retailers to calibrate and verify pumps after under-dispensing concerns. Housing & Valuation: Estate valuers urged land access and better data to tackle a 21m+ housing deficit, as valuers warned Nigeria’s N33tn asset-value gap could weaken revenue, taxation and insurance. Business Climate & Trade: S&P Global opened an Abuja office to support West Africa petroleum pricing benchmarks as local refining reshapes the region’s market.
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.