AGP Executive Report
Last update: 40 minutes agoPetroleum Market Volatility: NMDPRA says petrol prices keep swinging because crude sourcing, refinery timelines, imported cargo arrivals and transport costs all feed into pump prices, while it works with FCCPC and others to balance prices at sale points. Fuel Import Pressure: Petrol imports jumped to ₦952.15bn in Q2 2026—up nearly 1,000%—intensifying the Dangote Refinery vs marketers dispute over local demand and pricing. Retail Investors Push: Dangote Refinery’s landmark IPO targets 10 million retail investors with a ₦5,250 minimum subscription (₦525/share), opening Sept 14 and closing in October to fund expansion. Capital Markets: NGX market cap crossed ₦160trn as Dangote Sugar’s rights issue added shares; trading stayed thin despite the index gain. Food & Drug Safety: NAFDAC says it lacks direct absolute oversight over unbranded palm oil and fufu in open markets, but urges reporting via official channels; meanwhile an expert warns Nigeria could repeat past pharma crises if counterfeiters aren’t stopped. Aviation Security: NAAPE pledges support to NDLEA to block drug trafficking in aviation, linking pilot/engineer integrity to flight safety and national security. Energy Transition & Industry: South-South governors plan a regional economic powerhouse anchored on infrastructure, ports, investment and industrialisation, prioritising rail and seaports. Innovation Spotlight: NLNG Science Prize went to an AI MRI reconstruction system aimed at cutting scan times and easing diagnosis bottlenecks. Insurance Shock: NICON’s licence was revoked and the firm taken over by a receiver manager after regulatory non-compliance. Tech for Elections: INEC will use a real-time readiness tracker to monitor election preparations across states and the FCT ahead of 2027.
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