AGP Executive Report
Last update: 12 hours agoMSME Finance: The Bank of Industry and IFC signed a $50m, seven-year loan to expand long-term financing for Nigerian businesses, with at least a quarter earmarked for women-owned firms. Investment & Manufacturing: NACCIMA urged Chinese investors to pursue partnerships in sectors including manufacturing, mining and agribusiness. The Federal Government also completed N75bn in support for 104 manufacturers and released N65.8bn for MSMEs. Energy: NNPC says reforms have lifted crude output by 600,000 barrels a day to 1.8 million, while the midstream regulator plans to license gas distributors to connect industries to pipelines. Trade: Nigeria’s exports have risen 25% in two years, according to the Nigerian Ports Authority, with growth extending beyond oil and gas. Agribusiness: Presco reported nine-month profit before tax of N151.5bn, up 8.5% year on year, as Bayelsa began harvesting fish at its revived aquaculture village. Industrial Growth: Lee Group has unveiled a planned $1.8bn Ogun industrial park, targeting 29 factories and 2,500 jobs.
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