AGP Executive Report
Last update: 17 minutes agoDangote IPO Momentum: Nigeria’s Dangote Petroleum Refinery share sale opened Monday, with the public offer set at 4.1bn shares at N525 and closing Oct 13; Dangote framed it as a “people’s IPO” to spread wealth, while UBA was named an authorised subscription institution and Fidelity Bank promoted fast digital sign-ups. Wealth Concentration: Forbes values Aliko Dangote at $51.3bn, more than double the combined wealth of Nigeria’s other listed billionaires, as refinery revaluation lifts his gap. Fuel Pressure: Nigeria’s petrol costs are rising again, with pump prices reported around ₦1,430–₦1,450/litre, deepening household strain after subsidy removal. Power Disruptions: TCN scheduled a maintenance outage affecting parts of Kogi, Edo and Ondo on Sept 15. Kenya Credit Scoring Push: Kenya’s Hustler Fund may use repayment and borrowing records across banks, Saccos and digital lenders to raise limits for repeat borrowers. Airtel Africa Exit: Airtel Africa is winding down its Kenyan wholesale fibre unit after surrendering its licence. Liberia–Caribbean Link: Liberia courts Caribbean investors via a trade and investment push focused on agriculture, tourism, energy, infrastructure and the blue economy.
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