AGP Executive Report
Last update: 10 hours agoPetrol Import Licences: A Federal High Court in Abuja ordered NMDPRA to continue granting petroleum-products import licences to Matrix Energy, A.A. Rano and AYM Shafa, saying the regulator’s refusal breached the Petroleum Industry Act and undermined competition. Capital Markets: NGX Group’s GMD Temi Popoola says Nigeria’s stock market growth is being driven by deeper domestic participation, better infrastructure and tech lowering barriers to entry. Telecoms & Digital Infrastructure: NCC’s boss Maida warns that broadband expansion needs sustained investment as Nigeria hit about 1.6m terabytes consumed in July, while another report flags nearly 6,000 fibre cuts in six months threatening banking, PoS and online services. Power & Renewables: IEA says Nigeria needs about $150bn by 2035 for universal electricity access; NERC also reports Discos failed to collect N128.41bn in July, deepening liquidity strain. Skills & Jobs: FG launches iDICE Skills-to-Jobs nationwide targeting 300,000 youths for digital and creative jobs, linking training to employment. Energy Projects: NIPCO plans a $3bn floating LNG facility, and NNPC hails the $800m Ima gas FID as Nigeria pushes LNG and gas-to-power. Critical Minerals: Industry Minister Jumoke Oduwole insists the Nigeria–US minerals framework is an MoU, not a transfer of ownership, and Nigeria will develop value chains at home. Flood Risk: FCT Fire Service issues fresh Abuja flood safety warnings, blaming blocked drains and risky construction on floodplains.
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