AGP Executive Report
Last update: 6 hours agoDangote Refinery IPO Access: Zenith Bank says Nigerians at home and abroad can subscribe to the ₦2.15trn Dangote Petroleum Refinery IPO via its website, mobile app, internet banking, USSD and 456 branches, with the offer opening Sept 14 and closing Oct 13; Dangote also argues the minimum subscription of 10 shares is meant to widen ordinary participation. Fuel Price Watch: Dangote Refinery lifted its petrol gantry price from ₦1,265 to ₦1,350 per litre, adding pressure on pump prices as crude stays volatile. Consumer Finance & Fraud Alerts: Kenya’s CMA flagged 15 unlicensed investment platforms and warned the public to avoid schemes promising quick returns; Nigeria also faces fallout from the PXES online Ponzi crash, with reports of investors storming offices. Health & Affordability: Novo Nordisk launched Ozempic and Wegovy in Kenya for diabetes and obesity, but experts stress early diagnosis and affordability will shape real impact. Digital Infrastructure for AI: Cybastion’s CEO urges Africa to invest in sovereign data centres, reliable power, connectivity, cybersecurity and local skills to make AI adoption practical. Markets Pulse (Nigeria): NGX trading slowed week-on-week, with equity turnover down 47.4%, while investors stayed upbeat ahead of the Dangote IPO. Regulatory Oversight: Nigeria’s NCAA fined RwandAir ₦15m over delayed damaged-baggage resolution and ordered bag replacement plus $170 compensation.
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