Think Thursday - Nigeria’s Energy Expansion, Strategic Investments & Global Inflation Trends, Trade Shifts Guide Market Outlook
Ranora Daily - Your daily source for reliable market analysis and news.
Market Overview
Good evening and welcome to today’s market kick-off, where rising domestic oil output, refinery expansion, and fresh strategic investments set a constructive tone for Nigeria’s economic outlook. With Dangote Refinery reaching full capacity and upstream production strengthening, energy-led optimism remains a key theme. Globally, easing inflation in India and shifting trade flows in China signal evolving macro dynamics investors should watch closely.
Nigerian News & Market Update
VFD Group appoints new manager:
VFD Group Plc has appointed Martins Akpore as Group Head, Centralised Critical Functions to oversee finance, audit, risk, credit, and treasury across the group. - Punch
Dangote Refinery hits 650,000bpd, sets global benchmark:
Dangote Refinery has reached its full 650,000 barrels-per-day capacity, setting a global benchmark and positioning Nigeria to cut fuel imports, save forex, and boost energy self-sufficiency. - TheSun
Renaissance increases Nigeria’s output by 100,000bopd:
Renaissance Africa Energy has boosted Nigeria’s oil output by 100,000 barrels per day and is supplying 2 bscf of gas daily to NLNG following its acquisition of Shell’s Nigerian assets. - DailyTrust
RGM Materials Solutions invests ₦2billion in Tantalizers subsidiary:
RGM Materials Solutions has invested ₦2 billion for a 10% stake in Tantalizers’ entertainment subsidiary, Tantainment, to support its tech-driven expansion and live game show rollout in 2026. - Punch
DEAP Capital gets ₦1billion Banklink recap boost:
DEAP Capital has received a ₦1 billion first-tranche equity investment from Banklink Africa to support its recapitalisation and reposition it as a leading African mineral finance institution. - Punch
Nigeria Sectoral Indices Performance
The table below shows that the The Nigerian equities market closed broadly positive, with the NGX 30 (+0.29%) and NSE ASI (+0.25%) posting modest daily gains, while most sectors remain strongly positive on a WTD, MTD, QTD, and YTD basis. Oil & Gas led performance with a sharp 4.64% daily gain and an impressive 37.74% YTD return, followed by strong momentum in Consumer Goods (+1.09% day; +19.08% YTD). However, Banking (-0.13%), Insurance (-1.47%), and Industrial Goods (-1.09%) recorded daily losses, indicating short-term profit-taking despite maintaining solid year-to-date gains.
Fixed Income (FGN Bonds)
Global News & Market Update
India’s retail inflation at 2.75% in first reading under new data series:
India’s retail inflation returned to the central bank’s target band at 2.75% in January, the first reading under a new CPI series with reduced food weightings and updated consumption patterns. - Reuters
China buyers snap up U.S. sorghum, Australian barley as domestic corn supply tightens:
China has sharply increased imports of Australian barley and U.S. sorghum as rain-damaged, moldy corn and rising domestic prices tighten local feed grain supplies. - Reuters
UAE joins Hong Kong debt network to boost access to Chinese assets:
The UAE central bank has joined Hong Kong’s debt depository network, giving Middle Eastern investors easier and cheaper access to Chinese offshore and mainland financial assets. - Reuters
Russia to send crude oil and fuel to Cuba soon:
Russia plans to send crude oil and fuel to Cuba as humanitarian aid to ease the island’s worsening fuel shortages caused by U.S. restrictions on oil supplies. - Reuters
Indices, Commodities & Currencies
The table below depicts that the U.S. equities were mixed, with the S&P 500 and DAX posting gains, while the NASDAQ 100, Russell 2000, and Nikkei declined; volatility eased slightly as the VIX edged lower. Energy prices weakened as WTI and Brent fell over 1%, while natural gas advanced; metals were broadly softer with declines in gold, silver, and platinum, while copper was flat. Grains traded mostly higher, the U.S. dollar index slipped marginally, and major currencies showed mixed performance with modest strength in EUR, GBP, and NZD.
Fixed Income (USA Bonds)
Events
Conclusion
Nigeria’s improving energy capacity and capital injections across key sectors point to stronger forex liquidity, fiscal stability, and potential equity market momentum, particularly in energy and financial services. However, global inflation trends, commodity trade flows, and geopolitical energy movements may continue to influence oil prices and capital flows into emerging markets. Investors should monitor energy-linked equities, fixed income yields, and currency stability as catalysts for near-term market direction.
Thanks for reading Ranora Consulting! Subscribe for free to receive new posts and support my work.