AGP Executive Report
Last update: 8 hours agoGas & Power Infrastructure: Nigeria’s Transmission Company of Nigeria (TCN) says it has added $1.4bn in multilateral/development financing to boost grid transformer capacity, bringing in 8,500MVA and commissioning 89 new transformers, while the federal government reports 668,000 electricity meters installed (about 60% of Phase 1 deliveries). Fuel Subsidy Politics: President Bola Tinubu says governors will cut transport costs from Oct 1 by using cheaper CNG and electric vehicles, as Nigeria’s fuel subsidy debate heats up again after Atiku Abubakar renewed calls to restore a targeted subsidy. Energy Security & Shipping: Mediators are pushing to reopen the Strait of Hormuz, with Iran preparing conditions to restore normal traffic after reduced shipping and higher oil-risk. Oil & Gas Markets: India’s petroleum product exports rose over 8% in July, reflecting steady refinery runs amid global supply shifts. Mining & Critical Minerals: D3 Energy reports gas encountered in both Nooitgedacht wells in South Africa, while Koryx Copper drills 969m of continuous copper mineralization at Haib in Namibia. Local Content Push: Nigeria’s NCDMB urges deeper cross-border African local content collaboration to speed industrial growth across the oil and gas value chain.
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