AGP Executive Report
Last update: 10 hours agoEnergy & Trade: Ecowas has greenlit the $25bn Nigeria–Morocco mega gas pipeline, a ~6,000km Atlantic-coast route expected to start construction in 2028 and target 30bcm/year (15bcm for Morocco, rest onward to Europe). Oil Security: The Nigerian Navy intercepted MT FILIA at UTUE Terminal, Akwa Ibom, seizing 682.82 tonnes of suspected stolen petroleum products (650 tonnes crude, 32.82 tonnes fuel oil) and detaining the 12-member crew. Power Policy: FG says there’s no plan to increase electricity tariffs for any customer band, while also moving to license renewable energy service companies (RESCOs) to compete with DisCos as 19 states push for more stable power via utility-scale renewables. Accountability in Oil Revenues: SERAP has sued NNPCL over alleged failure to account for ₦211trn in 2023 oil money booked as “Sundry Receivables” and “Accrued Expenses.” Food & Agriculture: Kaduna’s Uba Sani flags off free fertilizer and tractors for 150,000 smallholder farmers for the third straight year; meanwhile FEWS NET warns 16.99m Nigerians may face acute hunger by Jan 2027. Markets: NGX ended the week up 1.6% as investors added about N2.53tn, led by banking and consumer stocks.
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.