AGP Executive Report
Last update: 12 hours agoSME Finance: Afreximbank is channeling $75m through the Development Bank of Nigeria to fund small businesses, including creative and export-focused firms. Oil and Gas: Nigeria averaged 1.69 million barrels of crude and condensate daily in October, up 5.7% year on year; crude output alone slightly exceeded its OPEC quota. Energy Access: Five new CNG stations have opened in Lagos as the Federal Government pursues a nationwide network of 1,000 outlets. Power-sector officials say reliable supply also depends on cost-reflective tariffs and better coordination among states. Agriculture: A $200m World Bank-backed programme will boost local fish production, targeting a major supply gap and high import dependence. Trade and Industry: Stanbic IBTC has launched direct naira-to-yuan payments to ease Nigeria-China trade, while an Africa-wide cotton initiative aims to build local processing and apparel manufacturing.
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