AGP Executive Report
Last update: 9 hours agoOil & Gas Licensing: Nigeria’s NUPRC wrapped its 2025 licensing round with 31 firms winning 37 oil and gas blocks, while 13 frontier-basin blocks drew no bids and will return to the basket for more de-risking. Investment Rules: The regulator said winners must meet post-award conditions within 90 days and face “drill or drop” revocation if assets stay idle. Trade Facilitation: Nigeria’s PEBEC plans to cut cargo clearance dwell time from 21 to seven days, using coordinated agency inspections and more scanner-based checks. Regional Energy Integration: ECOWAS backed the Nigeria–Morocco Atlantic gas pipeline, a 6,000km corridor expected to link Nigeria’s gas to Morocco and Europe via multiple West African states including Benin. Benin–Morocco Ties: Benin reaffirmed support for Morocco’s Sahara autonomy plan and said it will deepen cooperation with Morocco across trade, investment, tourism and security. ECOWAS Appointments: ECOWAS approved new leadership for 2026–2030, including a Benin judge for the ECOWAS Court of Justice. Business & Culture: MTN Nigeria opened Next Afrobeats Star Season 2 auditions in Lagos, Jos, Enugu and Benin, with a ₦225m recording deal for the winner.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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