Trading Tuesday - Nigerian Markets Gain Momentum Amid Key Corporate Moves, Global Energy Developments Shape Investor Sentiment
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Market Overview
Good evening and welcome to today’s market wrap, where we highlight strong sectoral gains in Nigeria led by Oil/Gas and Industrial Goods, alongside significant corporate developments such as Champion Breweries’ successful rights issue and Helios’ acquisition of Beta Glass. Globally, energy and critical minerals developments from U.S. debt financing deals to India’s resource negotiations signal shifting opportunities for investors. This newsletter provides a snapshot of market movements, sectoral performance, and key global and local developments shaping investment trends.
Nigerian News & Market Update
Champion Breweries allots ₦14.9billion shares in rights issue:
Champion Breweries Plc successfully raised ₦14.91billion from its rights issue, achieving a strong 93.71% subscription rate with shares set to be credited by February 12, 2026. - Punch
Helios Investment Partners Acquires Beta Glass from Frigoglass Group:
Helios Investment Partners has acquired Beta Glass from Frigoglass Group, signaling a new growth phase for the Nigerian glass packaging manufacturer after strong 2025 performance. - ThisDay
Access Bank’s bid to acquire Bidvest Bank collapses amid regulatory setbacks:
Access Bank’s planned acquisition of South Africa’s Bidvest Bank has collapsed after regulatory conditions were not met before the transaction’s January 26, 2026 deadline. - PremiumTimes
Nigeria Positions for Africa’s $50bn Oil Capital Inflow With 50 New Oil Blocks, Others:
Nigeria is positioning to attract up to $50billion of Africa’s oil and gas investment in 2026 by launching 50 new blocks in its 2025 licensing round and strengthening investor-friendly reforms. - Leadership
Nigeria Sectoral Indices Performance
The table below shows that all major NGX sectoral indices rose, led by the NGX Oil/Gas (+2.97%) and Industrial Goods (+2.93%), with the Lotus Index posting the highest 1-day gain at +3.39%. Most sectors showed strong momentum WTD and MTD, with NGX Oil/Gas (+13.57% WTD, +15.64% MTD) and Consumer Goods (+7.15% WTD, +7.45% MTD) leading. NGX Oil/Gas (+31.60% YTD) and Premium Board Index (+22.49% YTD) were top performers, while NGX Insurance Index was the laggard MTD (-2.35%) despite positive YTD returns (+9.13%).
Fixed Income (FGN Bonds
Global News & News Update
Saudi, US firms to partner on northeast Syria energy project:
Saudi and U.S. energy firms plan to form a consortium to explore oil and gas in northeast Syria following the lifting of sanctions, marking a major step in rebuilding the country’s energy sector after Assad’s ouster. - Reuters
India in talks over critical minerals deals with Brazil, Canada, France, Netherlands:
India is in talks with Brazil, Canada, France and the Netherlands to secure lithium and rare earths through joint exploration, processing and recycling deals to reduce dependence on China. - Reuters
US energy producer Presidio plans first-of-kind $1 billion Goldman debt facility to fund deals:
U.S. oil and gas producer Presidio is partnering with Goldman Sachs on a first-of-its-kind $1 billion debt facility to fund acquisitions ahead of its public listing, lowering financing costs and speeding deal execution. - Reuters
BP suspends buyback to trim debt, sending shares down 7%:
BP halted its share buyback to prioritise debt reduction and refocus on oil and gas, triggering a 7% share price drop as investors reacted to lower shareholder returns and renewables write-downs. - Reuters
Indices, Commodities & Currencies
The table below depicts that the Global stock indices showed mixed gains, with the Nikkei 225 (+1.65%) and DAX (+0.12%) leading, while the Euro Stoxx 50 and S&P 500 posted modest increases. Softs like Cocoa (-7.56%) fell sharply, while grains such as Soybeans (+0.91%) and Corn (+0.32%) were mostly higher; metals were mostly weaker, with Silver (-2.14%) and Gold (-0.67%) down. USD was flat at 96.7, JPY weakened (-0.92%), while crude oil prices slipped slightly (WTI -0.64%, Brent -0.36%) and Natural Gas rose (+0.83%).
Fixed Income (USA Bonds)
Event
Conclusion
Investors should watch Nigeria’s Oil/Gas sector closely as ongoing reforms and new block launches could sustain the bullish momentum, while corporate actions like mergers, acquisitions, and capital raises may create selective opportunities in Consumer and Industrial Goods. Globally, energy market recalibrations and commodity price shifts may influence local market sentiment, emphasizing the need for diversified exposure and strategic positioning in both domestic and international assets.
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