Wealth Wednesday - Strategic Capital Moves Shape Nigeria’s Outlook as Global Energy & Inflation Signals Evolve
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Market Overview
Welcome to today’s market update, where Nigeria’s corporate and policy actions take centre stage amid shifting global macro signals. Strategic board appointments, major infrastructure debt resolution, and fresh industrial investments highlight renewed confidence in Nigeria’s growth story. Globally, energy financing, oil-led expansions, and easing inflation trends continue to shape investor sentiment.
Nigerian News & Market Update
Dangote Appoints MTN CEO Ralph Mupita To Fertiliser Board:
Dangote Industries appointed MTN Group CEO Ralph Mupita to the Dangote Fertiliser board as a strategic move ahead of its planned NGX IPO and expansion drive. - Channels
N501bn Bond: FG Begins N4trn Power Sector Debt Settlement:
Nigeria’s FG has launched a fully subscribed ₦501billion bond to begin clearing a ₦4trn power sector debt backlog, boosting liquidity, investor confidence, and electricity supply. - Dmarketforces
BUA Cement to expand Sokoto plant with $240million investment:
BUA Cement plans a $240 million expansion of its Sokoto plant, adding a 3 million-tonne annual production line to boost capacity to 20 million tonnes and strengthen regional cement supply. - Vanguard
Mutual Benefit Assurance Invests $64m in Oil Producing Assets:
Mutual Benefit Assurance has invested $64 million in oil-producing assets to hedge economic volatility while expanding beyond insurance and exceeding recapitalisation requirements. - ThisDay
Nigeria Sectoral Indices Performance
The table below shows that the Nigerian equities saw broad short-term weakness, with all major indices down on the day and week, but strong MTD/QTD/YTD gains persist, led by Oil & Gas (+13.7%), Lotus (+10.2%), and Insurance (+9.2%), underscoring resilient medium-term market momentum despite near-term profit taking.
Fixed Income (FGN Bonds)
Global News & Market Update
Afreximbank announces $1.75 billion facility for Angola’s national oil company Sonangol:
Afreximbank has approved a $1.75 billion syndicated facility to help Angola’s state oil firm Sonangol fund operations and capital needs through export-linked financing. - Reuters
Turkey monthly inflation to rise 4.32% in January, annual rate seen slowing to 30%:
Turkey’s January inflation is expected to jump to about 4.32% month-on-month due to wage hikes and new-year price increases, while the annual rate is forecast to ease to around 30%. - Reuters
BP, Shell seeking US licenses for gas fields shared with Venezuela:
BP and Shell are seeking U.S. licenses to develop shared gas fields with Venezuela to secure supply for Trinidad and Tobago, with first production from the Dragon field targeted for late 2027. - Reuters
Guyana economy set to grow 16.2% in 2026, oil sector still main driver:
Guyana's economy is projected to grow 16.2% in 2026, led primarily by the expanding oil and gas sector, with ExxonMobil driving production. - Reuters
Indices, Commodities & Currencies
The table below depicts that the Global markets were mixed, with U.S. equities broadly higher (S&P 500 and Nasdaq leading), European indices softer, oil prices firm, precious metals mixed (gold up, silver and platinum down), grains mostly stronger, and currencies relatively stable with a firmer dollar tone.
Fixed Income (USA Bonds)
Event
Conclusion
Looking ahead, Nigeria’s market direction could be driven by execution particularly power sector reforms, industrial capacity expansion, and capital market activity ahead of key IPOs. Globally, energy security deals and moderating inflation could support risk assets, but volatility may persist as investors recalibrate around interest rates, oil supply dynamics, and emerging market growth differentials.
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