AGP Executive Report
Last update: 2 hours agoEnergy & Power Reliability: TCN announced a planned seven-hour shutdown of the Mando–Kumbotso 330kV line for emergency maintenance, expected to trigger blackouts in Kano, Katsina, Jigawa, Bauchi and Yobe, with spillover effects for parts of Niger Republic that depend on Nigeria’s grid. Oil & Fiscal Flows: NNPC reported April revenue up 79.2% month-on-month to N4.971tn and Profit After Tax rising to N481bn, alongside higher crude/condensate output and statutory remittances climbing to N3.714tn. Drug & Arms Crackdown: NDLEA seized 380 rounds of 7.62mm ammunition in Kaduna and arrested a couple linked to 1.246 tonnes of cannabis; it also uncovered ketamine and Ecstasy hidden in water purifier machines imported from the Netherlands. Regional Trade Infrastructure: Ghana’s Finance Minister said Takoradi Port will be the Sahel cargo corridor, with plans for a rail line to Hamile to reduce road damage from heavy trucks. Governance & Investment Climate: Ogun State placed second in Nigeria’s 2025 Phillips Consulting State Performance Index, citing stronger infrastructure, industrial growth and governance reforms. Security & Livelihoods: Eid-el-Kabir ram dealers in Borno, especially Maiduguri markets, reported heavy losses after weak sales and economic hardship left many animals unsold. Africa Finance Push: African deposit and investment funds backed AfDB’s NAFAD push to mobilise domestic resources and cut reliance on external financing.
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