AGP Executive Report
Last update: 10 hours agoPower & Fuel Politics in Nigeria: Cross River ex-governor Donald Duke calls the petrol subsidy debate a “scam,” arguing Nigeria can price petrol far lower if crude by-products are sold at commercial rates. Fuel Price Signals: Dangote Refinery lifts ex-depot petrol price to N1,265/litre, pushing Abuja pump prices higher even as global crude falls. Grid Loss Crackdown: Nigeria’s power minister orders a transparent probe into up to 100MW of unaccounted losses on the Ikorodu–Sagamu 132kV corridor, citing ₦120bn annual theft estimates. Tunisia Energy Strain: Tunisia faces worsening heatwave-driven demand, poorly coordinated power cuts, and water disruptions, heightening public anger. Oil Market Pressure from Iran War: US Treasury’s Scott Bessent pushes G20 finance leaders to cut trade imbalances and sever business ties to Iran, warning of secondary sanctions as Strait of Hormuz disruptions keep energy costs high. Sahel Security & Energy Risk: Niger says it regained control of a key Niamey airbase after mutiny attacks, underscoring instability that can disrupt regional logistics. Green Industry Finance: SBM Bank Kenya signs a $17m deal with Safer Power to expand green energy manufacturing and build a factory. Morocco’s Peace-First Energy Security Link: Morocco reiterates that peace, security and development—including food, water and energy security—are inseparable. Guyana Petroleum Governance: Professor Kenrick Hunte urges Guyana to upgrade petroleum oversight beyond ring-fencing with stronger monitoring and cost auditing as production nears 1mbpd.
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