Updates

Nigeria’s Reforms Driving Strong Domestic Capital Mobilisation, Says NGX Group CEO

March 16, 2026/NGX he Group Managing Director/Chief Executive Officer of Nigerian Exchange Group Plc, Temi Popoola, has said Nigeria’s ongoing economic reforms are already strengthening domestic capital formation and positioning the country for deeper global investment partnerships. Popoola made this known while speaking at the Nigeria–United Kingdom Investment Roundtable organised […]

Headline Inflation Slows to 15.06% Y/Y in February

March 16, 2026/Cordros Update Nigeria’s headline inflation slowed by 4bps to 15.06% y/y in February (January: 15.10% y/y). More notably, on a month-on-month basis, consumer prices rose by 2.01%, marking a sharp rebound from the 2.88% contraction recorded in January. Elsewhere, food inflation edged higher by 323bps to 12.12% y/y in […]

Dangote Seals US$4.2bn Gas Deal with China’s GCL Group to Power Its Ethiopian Fertilizer Megaproject

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 […]