Shares of DEAP Capital Administration & Belief Plc have jumped greater than 200% month-to-date on the Nigerian Change as of the buying and selling session that ended on 21 January 2026.
Opening the month at N1.89, DEAP Capital has drawn sturdy shopping for curiosity, with over 180 million shares traded as the value climbed to N5.90, approaching the N6.00 stage.
The rally accelerated in mid-January after DEAP Capital executed an MoU with Banklink Africa’s Fairness Fund II to finance minerals and metals initiatives throughout Africa, possible boosting investor confidence.
If the present momentum holds, January 2026 might turn into DEAP Capital’s best-performing month in years, doubtlessly outperforming the 136% return recorded in November 2023.
DEAP Capital Administration stated the MoU is anticipated to place the corporate as a worthwhile funding banking boutique whereas enabling it to mobilise and finance mineral initiatives throughout African markets.
Overlaying initiatives in digitalisation, vitality transition, industrial manufacturing, and superior applied sciences, it seems to have fueled investor curiosity, constructing on bullish momentum that started in late December 2025.
The rally strengthened additional within the third buying and selling week of January, with about 117 million shares exchanged, accounting for a piece of complete exercise up to now this month.
As of mid-session buying and selling on 22 January 2026, shares had been hovering across the N6.00 mark, trying to crystallize above this psychological stage forward of the market shut at 2:30 pm Nigerian time.
The corporate famous that ongoing strategic funding discussions could quickly result in binding agreements, including that the latest MoU might help a return to profitability.
In its audited {financial} assertion for the 12 months ended September 2025, revealed in December, DEAP Capital reported a pre-tax lack of N28.8 million.
The corporate additionally recorded an collected lack of N5.2 billion, successfully wiping out shareholders’ funds and leading to a destructive fairness place of N2.3 billion.
DEAP Capital reported a sum of N1,689,154,000, representing a portion of excellent obligations to collectors below its Managed Funds Account that was transformed to fairness throughout the 12 months ended September 30, 2017.
The conversion, together with different managed funds held by the corporate, is being executed at a problem value of N1.35 per share by way of the issuance of 1.499 billion unusual shares of fifty kobo every.
These shares are to be allotted to consenting non-bank collectors, who had been collectively owed N2.02 billion as of 30 September 2025.
Buyers are possible inspired by the fairness execution and different strategic measures, anticipating stronger funding, improved {financial} stability, and a strong basis to extend market confidence.
DEAP Capital is a Nigeria-based fund administration firm working within the capital market, mortgage banking, and oil & gasoline sectors.
Through the 12 months, DEAP Capital agreed to settle a mortgage initially taken from Zenith Bank in 2011 for N400 million, down from an excellent N1.88 billion as of September 2024, with cost deliberate for the subsequent {financial} 12 months.
