AGP Executive Report
Last update: an hour agoDangote IPO & retail frenzy: Nigeria’s Dangote Petroleum Refinery opened its “people’s IPO” offering 4.1bn shares at N525, drawing huge retail demand and raising fresh questions about affordability for Nigerians who are also facing higher petrol costs. Nigeria gas flaring: NUPRC data shows Nigeria’s gas flaring rate jumped to 7.48% in August (18,350.55 MMSCF flared), reversing earlier declines despite high utilisation. Energy transition funding test: Stakeholders warn Nigeria’s $400bn net-zero pathway hinges on mobilising and deploying capital, not just choosing renewables vs oil/gas. Power & access investment: A firm invested $5m in a mini-grid in Nigeria, while Sasol is shifting its green hydrogen strategy toward Northern Cape partnerships to de-risk early development. Red Sea oil risk: Fresh Saudi-Houthi clashes and Yemen front-line fighting are again threatening Red Sea and Hormuz-linked supply, keeping global oil pressure elevated. Gabon hydrocarbon push: Oilserv signed an MoU with Gabon to develop DEF-3 and D4-5 blocks, targeting gas infrastructure for thermal power and industrial growth. Electric mobility buildout: Africa’s EV market is moving from pilots to commercial adoption, with demand for charging and battery-swapping infrastructure. World Bank capital boost: The World Bank mobilised a record $112bn in private capital for developing economies, with Africa’s share rising sharply.
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