AGP Executive Report
Last update: 4 hours agoElectricity & Power Sector: TCN pushed back on claims of transmission grid constraints, saying the grid can wheel 8,700MW and that dispatch limits come from the wider power value chain. Energy Costs: LPG retailers warned cooking gas scarcity persists despite new imports, with prices reportedly rising to as high as N2,400/kg. Cross-border Crime: Ogun police arrested eight foreign nationals over a staged self-kidnapping scheme used to extort money from families abroad. Human Trafficking: NAPTIP and GAHTO rescued trafficked Nigerian girls allegedly sent under false job promises to Mali, Burkina Faso and Côte d’Ivoire. Benin-Linked Investment & Jobs: Skyewise Group said it has invested over N9bn in Edo State and created 100+ jobs through a new headquarters in Benin City. Electric Mobility Funding: Spiro secured $215m equity to expand EVs and battery-swapping across African markets including Benin. Regional Security Approach: UNDP urged Gulf of Guinea insecurity responses to be rooted in community-led prevention, citing socioeconomic fragilities. Trade & Markets: Nigeria’s merchandise trade surplus jumped 341% to N7.55tn in Q1 2026, driven by stronger crude exports and lower import spending.
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