Money Monday- Nigeria’s Market Rallies as FCMB, Lafarge Drive Corporate Moves; OPEC+ Output Hike and Global Policy Shifts Shape Outlook
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Market Overview
Good evening and welcome to today’s market overview. This week, markets showed cautious optimism. In Nigeria, FCMB’s ₦160 billion recapitalisation and Lafarge’s launch of EcoCrete highlight growing investment and sustainability efforts. Globally, OPEC+’s small output hike lifted oil prices, while mixed signals from Greece, Thailand, and U.S. energy policy reflect uneven global growth and ongoing policy-driven uncertainty.
Nigerian News & Market Update
Lafarge Africa unveils EcoCrete plant:
Lafarge Africa launched EcoCrete, Nigeria’s first low-carbon ready-mix concrete, cutting CO₂ emissions by 20%. The Abuja plant now runs fully on EcoCrete, reinforcing Lafarge’s sustainability goals and aligning with Nigeria’s Green Growth Strategy. - Punch
FCMB unveils new offer to meet CBN’s ₦500billion capital target:
FCMB Group Plc has launched a ₦160billion public share offer to help its banking arm meet the CBN’s ₦500billion capital requirement for international banks. The sale of 16bn shares at ₦10 each follows a successful ₦147.5billion first offer that was 33% oversubscribed. Proceeds will boost core capital as part of FCMB’s three-phase recapitalisation plan. - Punch
OPEC+ approves 137,000 bpd oil production hike:
The Organization of the Petroleum Exporting Countries (OPEC) and other major oil-producing nations (OPEC+) has approved a 137,000 barrels-per-day production increase starting November 2025, citing stable global demand and low inventories. The adjustment comes from the earlier 1.65 million bpd voluntary cuts made in 2023. Member countries pledged to maintain flexibility and hold monthly reviews to support market stability. - Punch
Utica Capital raises ₦20billion to bridge Nollywood’s finance gap:
Utica Capital launched a ₦20billion SEC-approved venture fund to finance Nollywood, starting with a ₦5billion tranche. The 10-year fund targets a 58.2% return, investing across production, distribution, and streaming. It aims to attract institutional investors and bridge the industry’s long-standing funding gap. - Punch
Nigeria Sectoral Indices Performance
The table below depicts that the Nigerian stock market showed broad gains across most sectors, with all indices in green except the Oil/Gas index, which is down -1.49% YTD. Insurance (+74.19%) and Lotus (+73.02%) lead year-to-date performance, indicating strong investor interest. Overall, the market continues its positive momentum with steady week-to-date and month-to-date growth across sectors.
Fixed Income (FGN Bonds)
Global News & Market Update
Germany’s BayWa pulls 2025 forecast after Trump slashes renewables subsidies:
Germany’s BayWa has withdrawn its 2025 earnings forecast after U.S. policy changes under Trump’s “One Big Beautiful Bill Act” reduced renewable energy subsidies. The shift is expected to hit its U.S. renewables business and delay projects. Shares fell 2%, though the firm remains confident in completing its restructuring by 2028. - Reuters
Greece forecasts economy to grow at faster pace in 2026:
Greece forecasts 2.4% growth in 2026, driven by strong investment and EU funds, with debt expected to fall to 137.6% of GDP. The budget includes tax reliefs and pension hikes to support households. - Reuters
Thai central bank likely to cut rates by 25 bps to shore up economy:
Thailand’s central bank is expected to cut its key rate by 25bps to 1.25% to support a slowing economy and offset the impact of a strong baht on exports and tourism. Economists project weak growth of 2.0% in 2025, with recovery expected later next year, aided by fiscal stimulus measures. - Reuters
Oil rises after OPEC+ hikes output less than expected:
Oil prices rose about 1% after OPEC+ announced a smaller-than-expected 137,000 bpd production increase for November, easing supply concerns. Analysts say the modest hike still adds to a potential oversupply in late 2025, while weak demand and high inventories may cap further price gains. - Reuters
Dangote Begins $2.5billion Fertiliser Plant Construction In Ethiopia:
Dangote and Ethiopia launched a $2.5billion fertiliser plant in Gode to produce 3million tonnes of urea yearly, boosting agriculture and jobs. The project marks a major step toward Africa’s industrial and food security goals. - Channels
Indices, Commodities & Currencies
The table below depicts that the Global markets showed mixed performance. Most major indices and energy commodities (like WTI and Brent) are up, signaling overall strength. Soft commodities such as orange fell sharply while sugar saw gains. Metals (gold and silver) stayed mostly stable. In currencies, The USD was slightly weaker.
Fixed Income (USA Bonds)
Conclusion
Looking ahead, investors can expect cautious optimism. In Nigeria, bank recapitalisation and rising investment in creative and infrastructure sectors may lift liquidity and earnings, though oil and gas could face headwinds from weaker demand. Globally, easing inflation and selective rate cuts may support markets, but U.S. policy shifts could spark volatility. A balanced approach focused on financials, green infrastructure, and consumer goods remains advisable.
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