AGP Executive Report
Last update: an hour agoInvestment: Kwara pitched opportunities in agriculture, minerals, manufacturing, energy and infrastructure at the Nigeria Investment Forum in New York, highlighting reforms to attract investors. Refining: Dangote plans to lift refinery capacity to 1.4 million barrels a day by early 2029; its N2.15tn IPO has been extended to October 27, with a stock market debut targeted for December. Agriculture: Nigerian startup NaFarm Foods is using solar-powered dryers to preserve crops, tackling post-harvest losses that can reach 40% for tomatoes. Power: The government says it will clear the remaining debts owed to power generators in 2027, after paying about N1.23tn, in a bid to support reliable electricity and attract investment. Oil and gas: A new security framework aims to improve coordination against crude theft, pipeline vandalism and illegal refining. Markets and economy: Nigerian stocks shed N407bn as banking shares fell; the IMF raised its 2026 growth forecast to 4.2% but warned high food and energy costs could deepen poverty, urging targeted cash support.
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