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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 […]

Nigeria January 2026 CPI: Broad Price Momentum to Remain Contained in the Near Term

February 17, 2026/Cordros Report The National Bureau of Statistics reported a moderation in headline inflation to 15.10% y/y in January (December: 15.15% y/y), contrary to general expectations of a sharp increase (Bloomberg median estimate: 19.50% y/y; Cordros estimate: 18.95% y/y), which had been linked to technical adjustments in the revised […]

CBN’s Business Expectation Survey

February 17, 2026/CSL Update The Central Bank of Nigeria (CBN) has released its Business Expectations Survey (BES) for January 2026, providing insights into business sentiment across the Industry, Services, and Agriculture sectors. The findings indicate that optimism about Nigeria’s macroeconomic outlook remains strong. The composite Business Confidence Index rose to […]