TWN News: Nigeria News Roundup

TWN News Weekly Briefing - January 19-25, 2026

🇳🇬 Nigeria News Roundup

💼 Government & International Relations

Vice President Kashim Shettima arrived in Davos, Switzerland on January 19 to lead Nigeria's delegation at the 56th Annual Meeting of the World Economic Forum (WEF), scheduled for January 19-23, 2026. The Vice President commissioned Nigeria's House in Davos, showcasing the nation's commitment to active participation in global economic forums. President Tinubu congratulated Governor Sanwo-Olu on hosting AFRIMA 2026 and praised Nigerian artists like Rema and Burna Boy for their remarkable wins at the continental awards ceremony.

⚡ Infrastructure & Energy

Nigeria's national electricity grid experienced its first collapse of 2026, plunging several parts of the country into darkness. The incident underscores persistent challenges in the power sector. Meanwhile, the Federal Government and Niger State officially launched a 100,000-hectare agro-industrial revolution under the Sustainable Integrated Productive Communities (SIPC) programme, with targets to harvest the first crops by April 2026. The initiative aims to drive agricultural transformation and economic growth.

🏦 Banking & Capital Markets

Guaranty Trust Holding Company Plc (GTCO) announced the successful completion of its private placement of 125 million ordinary shares, fully subscribed at N10 billion total value. Seplat Energy Plc appointed Tony Elumelu as a Non-Executive Director, effective January 22, 2026. The Securities and Exchange Commission (SEC) announced new minimum capital requirements for capital market operators, raising thresholds for stockbrokers, dealers, fund managers, and digital asset companies.

🏛️ Legal & Governance

Nigeria's Independent Corrupt Practices and Other Related Offences Commission (ICPC) filed criminal charges against renowned lawyer Mike Ozekhome for alleged involvement in fraud and forgery related to a London property. The police refuted claims of arresting peaceful protesters during demonstrations in Ekpoma, Edo State, insisting officers maintained professionalism.

⚽ Sports Highlights

CAF President Patrice Motsepe disclosed that Grammy-winning Nigerian singer Burna Boy encountered delays at a Moroccan airport while traveling to headline the TotalEnergies Africa Cup of Nations (AFCON) Fan Zone concert in Rabat. Senegal's Sadio Mané highlighted his role in convincing teammates to return to the pitch during the controversial AFCON 2025 final against Morocco.

💰 Cost of Living

The retail price of Liquefied Petroleum Gas (LPG), commonly known as cooking gas, stands at ₦1,080 per kilogram as of January 2026. Cement prices have risen sharply in early 2026, with key brands hitting new price points across various markets as Dangote Cement adjusts to market conditions.

📊 NGX Market Index Performance

Nigeria's capital market sustained bullish momentum into the third trading week of January 2026, reflecting renewed investor confidence and broad-based sectoral participation.

NGX All-Share Index (ASI)

166,129.50

+2.36% WoW | +6.76% YTD

Market Capitalization

₦106.35tn

+2.48% | +₦2.58tn Weekly Gain

NGX Top 30 Index

+5.45%

Large-cap stocks performing strongly

                    Market Breadth: Decisively positive with 80 advancing stocks against 17 decliners, yielding an advance-to-decline ratio of 4.71x. The Financial Services sector dominated market activity, contributing 63.67% of total equity turnover volume.
                

                    Capital Market Overview: Total capital market valuation reached ₦217.749 trillion by mid-January, representing a 44.3% gain from December 31, 2025. The surge was driven by strong equities and ETFs performance, with equity market capitalization rising to ₦166.13 trillion.
                

⭐ TWN News Special Report

Celebrating Sarah Adedeji

Congratulations on Portrait of Britain Recognition! Sarah Adedeji continues to shine as a sign language performance artist selected for the prestigious Portrait of Britain exhibition. Her inclusion among 100 winning portraits showcases modern Britain's vibrant diversity. Featured across UK digital screens from January 12 to February 8, 2026, Sarah represents the authentic human stories that define contemporary British culture.

📚 Recommended Reading for Young Minds

📈 Economic Outlook

Nigeria's economy shows cautious optimism heading into February. While macroeconomic indicators reflect improved stabilization—exchange rate adjustments, tighter monetary conditions, and fiscal reforms—energy sector challenges and intermittent grid collapses remain concerns. The capital market's strong performance signals renewed investor confidence in Nigeria's economic direction, supported by earnings resilience across major sectors. Continued policy consistency and infrastructure development will be crucial for sustained growth momentum.

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