Updates

Dangote Signs $400 Million Equipment Deal to Fast Track Refinery Expansion

… to become number one construction company in the world  February 17, 2026/Dangote Group Dangote Group has signed a $400 million construction equipment agreement with XCMG Construction Machinery Co., Ltd., one of China’s leading manufacturers of construction machinery, in a move set to accelerate the expansion of the Dangote Petroleum […]

anuary M/M Headline Slips into Deflationary Territory Amid Easing Food Pressures

February 17, 2026/Coronation Merchant Bank Economic Research Summary Headline inflation for January inched down by 5bps to 15.10% y/y from 15.15% y/y in December 2025, extending the disinflation trend observed in 2025. On a month-on-month basis, consumer prices contracted by 2.88% from 0.54% in prior month indicating a decline in […]

Joint Statement by Green Energy International Limited and Lekoil Nigeria Limited

February 17, 2026/Caritas PR Green Energy International Limited (“Green Energy”) and Lekoil Nigeria Limited (“Lekoil Nigeria”) are aware of recent media reports concerning a court matter arising from a commercial dispute with a service provider. The issue relates to a contractual claim which is subject to dispute resolution through arbitration […]