Author - Yahya Abdulrahman

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Oil hits 3-month low as US, Iran reach peace deal to reopen Strait of Hormuz

Oil prices slipped to a 3-month low on Monday after U.S. ‌President Donald Trump and Iran’s deputy foreign minister said they had reached an initial deal to end the war and to resume traffic through the Strait of Hormuz. Brent crude futures fell $4.33, or nearly 5%, to $83.00 a barrel by 0840 GMT and U.S. West Texas Intermediate was at $80.34, ​down $4.54, or 5.35%. Both contracts fell to their lowest levels since March 10 on Monday after tumbling more ​than 3% on Friday………REUTERS.COM

Wall Street ends higher as SpaceX’s market debut dominates

U.S. stocks ended higher on Friday as investors held out ​hope for a peace deal between Iran and the United States and as  Space X shares surged in their debut, making it Wall Street’s biggest ‌public listing in history. The United States and Iran signalled that an agreement to end their war was close, with a senior U.S. administration official saying a draft proposal was in place that was liked by both sides. U.S. President Donald Trump has said several times since mid-March that a deal with Iran to end the war was close…..………REUTERS.COM

Foreign VAT collections rise 83% year-on-year to N830.47 billion in Q1 2026

Nigeria’s foreign Value Added Tax (VAT) collections recorded significant growth in the first quarter of 2026, reflecting the expanding digital economy and improved compliance by non-resident service providers. An analysis of data released by the National Bureau of Statistics (NBS), compiled by Nairametrics, showed that foreign VAT revenue rose to N830.47 billion in Q1 2026, representing an increase of about 83% from the N454.76 billion recorded in the corresponding period of 2025…………..NAIRAMETRICS.COM

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Oil prices climb more than $4 after Israeli strikes on Iran and Lebanon

Oil prices jumped more than $4 on Monday, with investors spooked by fresh Israeli strikes ‌on Iran as well as renewed attacks on Lebanon a day earlier. Brent crude futures rose $4.42 or 4.47% to $97.15 a barrel as of 0609 GMT, while U.S. crude futures were up $4.07 or 4.50% at $94.61 per barrel. Israel said on Monday it hit a petrochemical plant in Iran’s southwest, along with strikes elsewhere ​on military targets. That’s despite U.S. President Donald Trump reportedly telling Israeli Prime Minister Benjamin Netanyahu to refrain from ​further attacks…………..REUTERS.COM

U.S. equity fund inflows surge as tech rally boosts sentiment

U.S. equity funds attracted the largest weekly inflow in three weeks in the week to June 3 ​as robust earnings outlooks by some technology companies ‌extended a bull run in AI-linked technology stocks. According to LSEG Lipper data, investors bought U.S. equity funds of a net $7.43 ​billion in their largest weekly net purchase since ​May 13…………REUTERS.COM

Foreign capital inflows jump 84% to $10.37 billion in Q1 2026

Nigeria attracted $10.37 billion in capital importation in the first quarter of 2026, marking an 83.8% increase compared to the $5.64 billion recorded in the corresponding period of 2025, as foreign investors ramped up purchases of money market instruments and bonds. This is according to the latest data released by the National Bureau of Statistics (NBS) on Wednesday. The data showed that capital inflows also rose by 61% quarter-on-quarter from $6.44 billion recorded in the fourth quarter of 2025, underscoring growing investor appetite for Nigerian financial assets…………NAIRAMETRICS.COM

Below is the summary of our recommendations for the week. For a detailed review, kindly find click the link to see our recommendations for 08062026.