Dangote Industries Limited (DIL) and GCL Group, China’s leading private energy conglomerate, have formalized a landmark US$4.2 billion, 25‑year natural gas supply agreement to power Dangote Group’s major expansion projects in Ethiopia. The agreement, signed in Lagos, reinforces one of the most significant China–Africa industrial partnerships to date. Under the […]
Updates
Headline Inflation Marginally Slows in February
March 16, 2026/CSL Report Data from the National Bureau of Statistics (NBS) showed that Nigeria’s headline inflation moderated by 4 basis points (bps) to 15.1% year-on-year (y/y) in February. However, there was a noticeable uptick in month-on-month (m/m) inflation, as price advanced by 2.0% m/m, compared to the contraction of […]
AfrexInsure Appoints Lesley Ndlovu as New Chief Executive Officer
By appointing a CEO with deep expertise across global specialty insurance markets, Afreximbank enhances its ability to support trade transactions with robust, locally anchored insurance programs March 16, 2026/Afreximbank AfrexInsure, the wholly-owned Specialty Insurance Subsidiary of African Export-Import Bank (Afreximbank), has announced the appointment of Lesley Ndlovu as its new Chief […]
