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AGP Executive Report

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Fuel & 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.

AGP Wire

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CAD remittances to Nigeria keep rising as migration and digital payments grow

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26 Years Nigeria’s Democracy A Nightmare To Manufacturers 

26 Years Nigeria’s Democracy A Nightmare To Manufacturers 

Nigeria Advances Gas Industry Investment With Clearer Pricing Mechanism 

Nigeria Advances Gas Industry Investment With Clearer Pricing Mechanism 

Nigeria’s Upstream Oil Sector Performance Exhausted By Legal, Commercial Bottlenecks 

Nigeria’s Upstream Oil Sector Performance Exhausted By Legal, Commercial Bottlenecks 

Nigeria: NNPC, security agencies synergise against energy infrastructure vandalism

Nigeria: NNPC, security agencies synergise against energy infrastructure vandalism


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