After oil’s frantic climb toward $120, the geopolitical mood shifted just enough to calm the panic that gripped markets yesterday. Strategic reserve signals and naval escorts around the Strait of Hormuz helped cool fears of a prolonged supply shock.
While the world watched the charts nervously, Nigeria quietly strengthened its position.
Global Markets Find Their Balance
Oil prices retreated sharply as the crisis eased.
Brent crude fell to $91.26, nearly 8% below Monday’s peak, after major powers signaled they would protect global shipping lanes. The relief was quickly reflected across financial markets.
The Nikkei 225 rose 2.5%, and European markets followed with modest gains as the threat of a $150 oil spike faded.
Gold remains elevated at $5,087 per ounce, suggesting investors are still cautious even as volatility cools.
Nigeria’s Market Holds Its Record
While global markets stabilized, Nigeria’s stock market held its historic gains.
The NGX All-Share Index remains near its all-time high of 197,196.95 points, with total market capitalization around ₦126.43 trillion.
Energy companies continue to lead the rally. Conoil rose 10% and Oando gained 9.96%, reflecting optimism around rising production and the 96% completion of the OB3 gas pipeline.
Meanwhile, NNPC reported ₦385 billion in profit for January, as crude production climbed to 1.64 million barrels per day.
The Infrastructure Story Behind the Numbers
The real shift is deeper than stock prices.
For years Nigeria had the resources but lacked the infrastructure to fully deliver them. With the OB3 pipeline nearing completion and progress on the AKK pipeline, the country’s energy system is finally connecting production to markets. Investors are beginning to notice.
The Moneywise Action
With the official and parallel exchange rates now trading within 1.5% of each other, the era of currency speculation is fading. Investors are shifting toward productive assets.
Financial Services and Oil & Gas stocks accounted for 66% of market turnover last week, showing where capital is flowing.
In an environment of 15.1% inflation, idle cash quietly loses value. Positioning in companies benefiting from strong energy markets may offer a more resilient path.
Stay disciplined. Stay bold. Lead the way.
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