TWN News Weekly Briefing

TWN News Weekly Briefing - February 9-15, 2026

🇳🇬 Nigeria News Roundup

💼 Finance & Banking

President Bola Tinubu affirmed that the disbursement of N636 billion in loans to businesses in 2025 by the Bank of Industry provided concrete evidence that his government's ongoing macroeconomic reforms were strengthening development finance institutions and unlocking capital for productive sectors of the economy. Zenith Bank PLC was honored with the Financial Institution of the Year 2025 award at the New Telegraph Newspaper annual dinner and award night held on Friday, February 13, 2026 in Lagos state, acknowledging its remarkable financial performance.

⚡ Energy & Infrastructure

The Nigerian National Petroleum Company Limited (NNPC Ltd) informed Nigerians that Seplat Energy Plc, a joint venture partner of NNPC Ltd and a key supplier of gas into the NNPC Gas Infrastructure Company Limited (NGIC) pipeline network, scheduled routine maintenance on its gas production facilities from 12th to 15th February 2026. The Dangote Petroleum Refinery announced that it achieved a major operational milestone with the full restoration and optimisation of its Crude Distillation Unit (CDU) and Motor Spirit (MS) production block.

🛢️ Oil & Gas Production

Nigeria crude oil production rose by 37,000 barrels per day rising from 1.422 million barrels per day (mbpd) in December 2025 to 1.459 million barrels per day (mbpd) in January 2026 using direct communication, according to the OPEC Monthly Oil Market Report for January. However, the country failed to reach its quota of 1.5mbpd as approved.

💱 Currency & Trade

The naira strengthened for the third straight day against the dollar on the Nigerian Foreign Exchange Market (NFEM), rising to N1,348.95/$1 from N1,351.02/$1 and N1,354.26 per dollar on Tuesday and Monday, respectively. On February 9, by order of Nigerian President Bola Tinubu, the Tsamiya–Kamba corridor was reopened for the transit of goods, resuming cross-border trade between Nigeria and neighboring countries.

🗳️ Electoral & Government

The Independent National Electoral Commission (INEC) submitted a proposed budget of ₦873.78 billion to conduct Nigeria's 2027 general elections, marking a sharp increase from the ₦313.4 billion released for the 2023 polls. King Charles III and Queen Camilla invited Nigerian President Bola Tinubu to a state visit, which the Nigerian leader has accepted, marking the first state visit by a Nigerian leader to the UK in 37 years.

📊 NGX Market Index - Historic Performance

Nigeria's stock market made history this week as the Nigerian Exchange Limited (NGX) All-Share Index (ASI) crossed 180,000 points for the first time after gaining N6.79 trillion, or 6.16 per cent, in the week ending February 13, 2026.

NGX All-Share Index (ASI)

182,313.08

+6.16% WoW | +16.92% YTD

Market Capitalization

₦117.027tn

+₦6.79tn | Historic High

Trading Volume

4.652B Shares

₦193.326bn in 286,751 deals

                Market Breadth & Momentum: All trading days in the week ending February 13 closed in positive territory. Market breadth improved significantly with 79 stocks recording price gains, up from 71 in the previous week, while only 27 stocks declined, down from 35. This confirms broad-based strength underpinned by strong participation.
            

                Sectoral Performance: The NGX Oil & Gas Index surged 11.40%, the NGX Premium Index climbed 10.63%, NGX 30 Index rose 6.25%, and the NGX Industrial Goods Index advanced 7.09%. The Financial Services sector led activity with 2.782 billion shares valued at N74.063 billion traded.
            

                Top Gainers: Heavyweight stocks recorded strong double-digit gains including MTNN (+14.32%), Seplat (+13.98%), Lafarge Africa (+12.87%), and Zenith Bank (+10.00%). Other notable gainers include Nestle Nigeria, McNichols, and Infinity Trust Mortgage Bank, each appreciating by 10 percent.
            

                Market Catalyst: Analysts attribute the surge to heightened investor confidence in a policy environment that encourages bolder allocations to equities, with PenCom's adjustments acting as a catalyst, drawing pension assets away from fixed-income securities and into high-growth stocks.
            

💭 Food for Thought

Financial Freedom Starts with Knowledge & Action

Building Wealth Requires Smart Choices

In a world of endless financial noise and competing advice, the path to prosperity begins with understanding your financial goals. True wealth is not just about accumulating money—it's about making informed decisions that align with your values and vision for life. Whether you're investing in stocks, building a business, or saving for the future, knowledge is your greatest asset.

"The mind is everything. What you think, you become." — Buddha

Your financial future is shaped by your mindset. Cultivate a growth mentality. Embrace learning. Take calculated risks. Success comes to those who think differently.

Diversification as Life Philosophy

Just as a wise investor diversifies their portfolio, life demands that we balance multiple dimensions—career, relationships, health, and personal growth. Don't put all your eggs in one basket. Spread your energy and resources across areas that matter. Resilience comes from diversity. Strength comes from balance.

"The only true wisdom is in knowing you know nothing." — Socrates

Stay humble. Stay curious. The moment you think you know everything is the moment you stop growing. Ask questions. Seek mentors. Never stop learning.

Patience, Discipline, and Hope

The journey to financial freedom—and to a fulfilling life—requires patience. Markets fluctuate. Life has ups and downs. What matters is disciplined action, a long-term vision, and unwavering hope. Every small step toward your goals compounds over time. Trust the process. Celebrate the progress.

📚 Recommended Reading for Young Minds

📈 Economic Outlook

Nigeria's economy demonstrates exceptional momentum entering mid-February 2026. The historic NGX milestone of 180,000+ points signals renewed investor confidence across all sectors, particularly in oil, banking, and industrial goods. Government policies supporting capital market development and pension fund allocations are fueling sustained growth. While energy sector maintenance and security challenges persist, the strong macroeconomic fundamentals, improved currency stability, and robust oil production gains position Nigeria favorably for continued expansion through 2026.

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