AGP Executive Report
Last update: 10 hours agoFuel & Downstream: Several filling stations cut petrol prices to about ₦1,330–₦1,350/litre as marketers respond to Dangote Refinery pricing pressure and Middle East-driven oil market swings. Oil Output & OPEC: Nigeria hit an 11-month high in May, averaging 1.53mbpd crude and 170,446bpd condensates, exceeding its OPEC quota (about 102%), a boost for government revenue and forex. Energy Infrastructure: SONATRACH broke ground on Algeria’s segment of the Trans-Saharan Gas Pipeline, reviving the corridor to move Nigerian gas to Europe via Niger and Algeria. Industry Skills & Jobs: FG commissioned an Automotive Training Centre in Gusau, Zamfara, graduating 100 youths trained to repair petrol and CNG tricycles/motorcycles, as policy reforms push local capacity. Mining & Data: SMDF says “data is the new oil” under the EMERGE mineral exploration push, shifting Nigeria toward data-driven evaluation and value addition. Urban Infrastructure: Lagos plans to reconstruct major Ikeja GRA roads with concrete pavement and solar street lighting. Business Climate: NESG’s Business Confidence Monitor shows fragile expansion in May, with manufacturing, services and trade improving despite power outages, insecurity and finance limits. Aviation Sector: Max Air domestic operations face disruption after ground handlers withdrew services over unpaid debts. Macro Watch: World Bank cut 2026 global growth outlook to 2.5%, citing Middle East conflict, higher energy prices and borrowing costs.
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.