Weekly Wealth Digest for May 04, 2026
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OPEC+ set for another oil output quota hike despite Hormuz closure
OPEC+ has agreed in principle to raise oil output targets in June, two sources familiar with the group’s thinking said on Saturday, but the increase will remain largely on paper as long as the U.S.-Iran war continues to disrupt Gulf oil supplies. Seven OPEC+ countries have an agreement in principle to raise oil output targets by about 188,000 barrels per day in June, the third consecutive monthly increase, pressing on with plans despite the war and the departure of the United Arab Emirates from the group this week, the sources said ahead of a policy meeting on Sunday……….REUTERS.COM
Wall St Week Ahead US stocks rally could find fuel in earnings, jobs data amid surging oil prices
Investors will look for another batch of earnings reports and fresh employment data to drive resilient U.S. stocks rally higher next week, in the face of spiking oil prices and a more hawkish Federal Reserve. Major U.S. stock indexes ended the week at record-high levels, following a sharp month-long rebound from concerns about economic fallout from the Middle East war. A stellar season for corporate profits is underpinning bullishness for U.S. equities and countering other market headwinds…………REUTERS.COM
Nigeria records surge in foreign currency tax receipts to N6.33 trillion
Nigeria’s tax receipts from foreign currency-denominated payments rose to N6.33 trillion in 2025, highlighting the growing role of dollar-linked transactions in the country’s revenue profile, according to data from the National Bureau of Statistics (NBS) The figure represents a 27.3% increase from N4.97 trillion recorded in 2024, driven largely by higher corporate income tax (CIT) payments in foreign currency and increased value-added tax (VAT) collections tied to offshore and import-related activities. An analysis of the data shows that foreign currency tax receipts accounted for a significant share of total tax collections in the period under review…………NAIRAMETRICS.COM
Below is the summary of our recommendations for the week. For detailed review, kindly click the link to see our recommendations for 04052026.
| S/N | STOCKS | LAST CLOSE | 52 WEEK HIGH | 52 WEEK LOW | EPS | BVPS | P/E RATIO | INTRINSIC VALUE | UP/DOWN SIDE | RECOMMENDATION |
| 1 | ZENITHBANK | 130.50 | 136.90 | 43.00 | 7.64 | 125.79 | 17.08 | 134.47 | 3% | HOLD |
| 2 | WAPCO | 350.00 | 350.00 | 77.95 | 6.08 | 49.17 | 57.57 | 463.76 | 33% | BUY |
| 3 | UNILEVER | 137.50 | 137.50 | 44.95 | 4.88 | 19.93 | 28.18 | 176.00 | 28% | BUY |
| 4 | ARADEL | 2,024.00 | 2,024.00 | 460.00 | 91.59 | 800.53 | 22.10 | 2,573.50 | 27% | BUY |
| 5 | DANGCEM | 970.00 | 970.00 | 425.00 | 19.14 | 169.78 | 50.68 | 1,252.89 | 29% | BUY |
| 6 | OKOMUOIL | 1,750.00 | 1,765.00 | 555.00 | 24.74 | 75.91 | 70.74 | 1,508.34 | -14% | SELL |
| 7 | JBERGER | 315.00 | 315.00 | 110.00 | 5.88 | 179.43 | 53.57 | 415.62 | 32% | BUY |
| 8 | TRANSCORP | 44.50 | 55.05 | 39.60 | 21.60 | 38.65 | 2.06 | 54.25 | 22% | BUY |
| 9 | OANDO | 46.00 | 71.00 | 36.00 | 30.00 | (44.55) | 1.53 | 38.13 | -17% | SELL |
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