Business
Stock market edges higher amid surge in crude oil prices

·Investors may shift to energy related equities- Analysts
By Peter Egwuatu
The Nigerian stock market closed higher Week-on-Week, WoW, recording gains in four of the five trading sessions, amid rise in crude oil prices.
Breakdown of the market shows that investors continued to accumulate fundamentally strong stocks across major sectors.
The bargain hunting by market participants took advantage of recent price corrections to rebuild positions in blue-chip and mid-cap equities.
Precisely, buying interest in Dangote Cement, which went up by 4.6%, MTN 4.0%, BUA Cement 2.7%, and ARADEL 9.1% drove the Nigerian Economy Limited , NGX, All Share Index, ASI higher by 2.14% WoW, to close at 196,968.15 points from 192,826.78 points the previous week.
On trading activity, trading volume and value declined by 32.7% WoW and 31.7%, respectively. Across sectors, performance was mixed, as Oil & Gas Index grew by 9.4%, Industrial Goods Index 3.9% and Banking Index 0.2%, while the Insurance Index declined by -1.9% and Consumer Goods Index -0.1%.
Meanwhile, developments in the global oil market continued to influence investor sentiment last week. Crude oil prices extended their rally, rising more than three percent as escalating geopolitical tensions in the Middle East disrupted supply routes and heightened concerns over global crude availability. Brent crude climbed to about $84 per barrel, marking its fifth consecutive day of gains, while U.S. West Texas Intermediate crude rose to around $78 per barrel. The surge in prices reflects tightening supply conditions driven by attacks on oil tankers and disruptions to refinery operations in parts of the Middle East, China, and India.
In their projection for the week, analysts at Cordros Capital said: “This week, we expect cautious trading as investors lock in gains from recent market advances while closely monitoring geopolitical developments.
‘‘Over the medium term, market direction is likely to be shaped by macroeconomic trends, Q1-26 earnings releases, corporate actions, and the durability of both foreign and domestic investor flows.”
Commenting as well, analysts at InvestData Consulting Limited, stated: “ For Nigeria, the sustained rise in crude oil prices could provide a positive boost to government revenue and foreign exchange inflows, given the country’s heavy reliance on oil exports. “Higher oil prices may also strengthen investor sentiment toward energy-related equities listed on the Nigerian Exchange.
“Looking ahead, the market may continue to experience mixed trading sessions as investors balance profit-taking with fresh accumulation. Nonetheless, sustained institutional demand, improved earnings expectations, and supportive global oil prices could continue to provide a favourable backdrop for the Nigerian equities market”, the analysts noted.
The post Stock market edges higher amid surge in crude oil prices appeared first on Vanguard News.
Business
LPG: FG targets 5m homes for cooking gas transition — Ekpo
•Says Nigeria’s development hinges on gas utilisation
By Ediri Ejoh
The Federal Government has reaffirmed its commitment to expanding gas utilisation, saying it is targeting five million households to transition from firewood, kerosene and other biomass fuels to Liquefied Petroleum Gas (LPG) as part of efforts to cut carbon emissions and improve public health.
Speaking at the 2026 Nigeria Oil and Gas (NOG) Conference and Exhibition, the Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, said Nigeria’s economic development depends largely on harnessing its vast gas resources.
According to him, “Nigeria sees gas as its transition fuel. We are not opposed to the global energy transition, but every country must transition based on its available resources. For Nigeria, that resource is natural gas.”
He added, “Gas is essential because its utilisation cuts across power generation, industrialisation, fertiliser production, household energy and transportation. Gas is the solution for Nigeria. That is why Mr. President created the office of the Minister of State for Gas and provided incentives under the Petroleum Industry Act (PIA) to deepen gas utilisation.”
Ekpo said, “In the past, gas was undervalued, but today it has become central to addressing climate change. We are intentionally deploying technologies that reduce carbon emissions through greater gas utilisation.”
He further stated, “Under the Decade of Gas Initiative, we have identified key projects that will bring gas closer to Nigerians. We are targeting about five million homes to switch from firewood, kerosene and biomass to LPG. This will improve household health while reducing carbon emissions. We are driving this because Nigeria has enormous gas reserves.”
Also speaking, the Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, said ongoing fiscal and sector reforms have strengthened investor confidence.
He said, “Nigeria is strategically positioned for growth. Investors can be assured that their capital is safe and will generate returns. We are positioning the country for global competitiveness.”
Business
FG suspends enforcement of new internet platform, digital economy regulations
By Progress Godfrey
The Federal Government has suspended the enforcement of new regulations affecting internet platforms, online intermediaries and other cross-cutting digital economy issues pending the completion of a national policy review.
The directive was contained in a statement issued by the Minister of Communications, Innovation and Digital Economy Dr Bosun Tijani, on Tuesday, after a strategic meeting with the leadership of the Nigerian Communications Commission (NCC), National Information Technology Development Agency (NITDA), and Nigeria Data Protection Commission (NDPC).
Tijjani said the decision aimed to maintain the current regulatory position while work continues on a harmonised national policy and governance framework for the digital economy.
He explained that the rapid growth of the digital economy has created overlaps in the responsibilities of sector regulators, making closer coordination necessary to provide legal certainty and support investment, innovation and consumer confidence.
As part of the directive, agencies have been asked to defer the implementation or enforcement of any recently issued regulation, code, guideline, framework, directive or administrative requirement relating to internet platforms, online intermediaries and other cross-cutting digital economy issues that are under policy harmonisation.
Tijani said: “The existing regulatory status quo shall be maintained with respect to matters relating to internet platforms, online intermediaries and other cross-cutting digital economy issues currently undergoing inter-agency policy harmonisation under the Ministry’s coordination.
“Relevant agencies are to defer the implementation or enforcement of any recently issued regulation, code, guideline, framework, directive or administrative requirement relating to Internet platforms, online intermediaries or other cross-cutting digital economy matters, to the extent that such provisions concern areas currently undergoing policy harmonisation under the Ministry’s coordination.
“The above direction is without prejudice to the statutory responsibilities of the respective institutions. Accordingly, all other provisions of existing regulations, guidelines, codes and directives that fall squarely within the express mandates of the relevant agencies under extant laws shall remain fully operational and enforceable, provided they are consistent with the policy direction issued by the Minister.” The minister also announced the establishment of a Joint Technical Coordination Committee comprising representatives of the NCC, NITDA and NDPC under the Office of the Minister.
Business
Dangote Cement targets 20% emissions cut, expands capacity to 80mtpa
By Yinka Kolawole
Dangote Cement Plc has unveiled plans to cut net carbon dioxide (CO‚ ) emissions intensity by 20 per cent while expanding production capacity to 80 million tonnes per annum (mtpa) by 2030, as it pursues its ambition of becoming Africa’s most sustainable and globally competitive cement producer.
Presenting the company’s 2025 Sustainability Scorecard at its 17th Annual General Meeting in Lagos, Chairman, Emmanuel Ikazoboh, said sustainability has become a core business strategy driving growth, competitiveness and long-term value creation across its African operations.
He disclosed that the company has approved a new decarbonisation roadmap, including migrating virtually its entire Nigerian truck fleet to Compressed Natural Gas (CNG) by 2027, excluding the Gboko plant, while electric trucks will be introduced from 2026.
Ikazoboh also said the company is expanding port infrastructure at Apapa, Onne and Lekki to strengthen export capacity, while pursuing investments that will increase installed production capacity to 80mtpa by 2030, including new operations in Botswana and Zimbabwe.
On environmental performance, he said Dangote Cement has reduced CO‚ emissions intensity by 6.5 per cent from its 2021 baseline, cut energy intensity by 1.7 per cent, lowered overall energy consumption by four per cent and reduced water use by eight per cent through increased deployment of alternative fuels, energy-efficient technologies and lower clinker production.
According to him, the company also co-processed over 437,000 tonnes of waste as alternative fuel, reducing dependence on fossil fuels and improving resource efficiency.
Ikazoboh added that Dangote Cement created 625 direct green jobs during the year, increased social investment spending by 56 per cent, raised graduate trainee recruitment by 74 per cent and invested N2.1 billion in employee training.
He said the company also strengthened its ESG framework with new Artificial Intelligence Risk Management, Biodiversity and Disability Inclusion policies, while integrating 297 local vendors into its ESG-focused supply chain programme, positioning it for sustainable growth and supporting Africa’s low-carbon industrial transition.
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