AGP Executive Report
Last update: 2 hours agoFuel-price pressure: Nigeria’s government ruled out restoring petrol subsidies, while presidential hopeful Rabiu Kwankwaso said his party may bring them back to ease costs. The IEA also warned that tight supplies could push diesel prices higher across Africa. Supply security: Nigeria’s crude demand is forecast to fall to 470,000 barrels a day before recovering in 2027, and the NNPC activated an emergency response after a pipeline blast in Rivers State. Investment: The EBRD is backing Beacon Power Services’ expansion of smart metering in Nigeria, while banks have committed $4.1 billion in financing capacity for Renaissance Energy contractors. BW Energy also announced new Gabon developments. Minerals and gas: The World Bank plans to quintuple its critical-minerals business over five years, with initial country compacts including Egypt, Malawi, Mauritania and Zambia to build local industries and jobs. Tanzania is also nearing a $42 billion gas deal as it seeks to become an East African energy hub.
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