AGP Executive Report
Last update: 10 hours agoTelecom Regulation Tightening: NCC and CAC now require telecom firms to get prior approval before any major shareholding changes—10% or more—can be registered, with the rule also covering aggregated transfers, aiming to protect fair competition. Energy & Industry Investment Push: OPEC projects Africa needs about $92bn for refining through 2050, spotlighting Nigeria’s Dangote Refinery and BUA’s planned Akwa Ibom refinery as key drivers; Nigeria also courts global oil investors with reforms and pipeline expansion. Power Access Drive: REA says off-grid electricity delivery is accelerating as reforms and funding partners expand access, framing power as a “democratic dividend.” Roads & Logistics: FG suspends Ibadan-Ife-Ilesa road reconstruction over pavement mixture specifications, while Kogi and Yobe states sign/fast-track major road projects to ease gridlock and boost trade. Security & Food Pressure: Suspected jihadists kill 11 farmers in northeast Nigeria, worsening rural access and food insecurity risks. Agribusiness Prices: Supply deficits keep maize and soya prices firm, reflecting ongoing pressure on staple costs. Aviation & Trade: SAHCO plans expansion into the UAE and selected African markets after strong 2025 results, while Afreximbank reports Nigeria’s intra-Africa trade share rising to $9.02bn in 2025. Education Cashflow: FG clears five months’ withheld university allowances, bringing short-term relief for ASUU/CONUA members.
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.