AGP Executive Report
Last update: 12 hours agoPharma Localisation: Nigeria’s NAFDAC says its “5+5” policy and Ceiling List are shifting the market toward local drug production, with manufacturers rising from 174 to 190 and imports improving from 70:30 (2019) to 50:50 (2025), while contract manufacturing grows to 87 firms by 2026. Fuel Price Volatility: Nigeria’s NMDPRA links petrol price swings to crude sourcing, single-source domestic refining, logistics and transport costs, plus lags between crude procurement, refinery arrival and inland distribution. Regulator vs Ride-Hailing: Nigeria’s FCCPC has started probing Uber’s exit, focusing on unfulfilled customer services after Uber wound down operations in Nigeria and Uganda effective September 2. Cost of Living Politics: Atiku attacks Tinubu’s fuel subsidy removal and argues targeted support for domestic refining is needed to ease fuel, food and transport costs. Petrol Pricing Promises: SDP’s Adebayo vows to cap petrol, cooking gas and Jet A1 at N200 within 12 months, via refinery revival and a return to an original subsidy-style regime. Food Safety Push: Lagos’ consumer protection agency urges participation in the Sept 8 Lagos State Food Safety Conference, aiming for safer food practices across industry and regulators. Environmental Health Warning: Niger Delta activist Nnimmo Bassey warns after reported Okrika deaths from toxic fumes linked to illegal pipeline siphoning. Agriculture Watch: South Africa’s grain planting season is set to start amid good soil moisture, but the 2026-27 outlook may get tougher as El Niño risks intensify later in the season. Electric Mobility Trend: Rising fuel prices are helping drive an electric motorcycle boom in parts of Africa and Asia, as charging can be cheaper than refuelling. Oil Market Update: OPEC+ kept October output steady for key producers as Nigeria seeks higher crude production and stronger revenues. Uber’s Next Move: Uber is also tied to a Delivery Hero/Glovo deal, signaling a shift from ride-hailing to delivery in parts of Africa. Dangote Refinery IPO: Nigeria’s SEC approved Dangote refinery’s IPO, positioning it as Africa’s biggest share sale and a major test of investor appetite.
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.