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Weekly Wealth Digest for October 26, 2026

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Oil prices jump $3 on Houthi attacks, oil spill, highest settlement since April

Oil prices ​settled more than $3 higher on Friday, their highest in nearly six months after Houthi attacks in Saudi Arabia stoked concerns over further disruption ‌to energy supplies from the Middle East, where UAE authorities also reported an oil spill. Brent crude futures settled at $116.72 a barrel, up $3.55 or 3.14%, their highest since April 29. US West Texas Intermediate crude closed at $103.27 a barrel, up $3.80 or 3.8%……………REUTERS.COM

US business activity cools in October; strong demand fueling price pressures

US ​business activity slowed modestly in October, though robust demand allowed companies to raise prices for goods and services, ‌a sign that inflation could increase further and remain persistently high in the coming months. S&P Global said on Friday its flash US Composite PMI Output Index, which tracks the manufacturing and services sectors, slipped to 57.6 this month from a five-year high reading of 58.4 in September. A reading above 50 ​indicates expansion in the private sector. Strength in manufacturing was offset by a slight pullback in the vast services sector…………..REUTERS.COM

CBN bills surge to N5.6 trillion, drive 74% of money supply increase in September

Central Bank bills held by money-holding sectors surged to N5.60 trillion in September 2026 from just N9.68 billion in August, accounting for 74.4% of the monthly increase in the country’s broad money supply. Data from the Central Bank of Nigeria (CBN) show that the value of these bills increased by N5.59 trillion within one month, while broad money supply, measured by M3, rose by N7.51 trillion to N146.60 trillion…………NAIRAMETRICS

Below is the summary of our recommendations for the week. For a detailed review, kindly find attached the recommendations for 26102026.

 SECURITIESLAST CLOSE52 WEEK HIGH52 WEEK LOWEPSBVPSP/E RATIOINTRINSIC VALUE / COUPONUP/DOWN SIDERECOMMENDATION
GUINNESS                 423.00              499.00             153.00     18.58     29.36    16.77                   495.8617% HOLD
AFRIPRUD                    10.20                 19.25                10.10       0.67       3.44    12.14                      13.2029% BUY
UNILEVER                 109.00              172.00                69.00       4.60     18.05    17.22                   156.9744% BUY
STANBIC                 160.00              188.55                94.60     23.03     89.94      5.44                   206.0229% BUY
TRANSPOWER                 178.00              307.80             178.00       7.53     26.64    16.79                   165.61-7% SELL
MTNN                 825.00              915.00             429.30     33.76     44.32    12.31                1,084.0031% BUY
PRESCO             2,045.30           2,315.40          1,425.00     71.00  431.67    19.93                2,356.9715% HOLD
NESTLE             2,750.00           3,395.00          1,730.00     81.72     97.85    18.29                3,604.4631% BUY
NB                    75.00              103.00                60.00     30.00     20.85      2.25                   106.4242% BUY
TRANSCORP                    36.10                 55.05                33.00       1.07     36.20      4.91                      40.1511% HOLD
NEWGOLD           82,555.00      204,600.00       51,100.00 N/A N/A N/A           127,421.4554% BUY
VETGOODS                    47.47                 98.23                31.50 N/A N/A N/A                      59.4525% BUY
FGN BOND 25 JUNE 2032    N/A N/A N/A                      17.9516.92% BUY
EUROBOND FGN  2051    N/A N/A N/A                        8.258.13% BUY
NTB 02 SEP 27    N/A N/A N/A                              –  15.85% BUY
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Weekly Wealth Digest for October 19, 2026

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Oil touches $110 a barrel for first time since May on Middle East, Russia supply fears Brent touched $110 a barrel for the first time since May on Friday on worries that escalating ‌tensions in the Middle East could further tighten supplies, while investors assessed how much diesel Russia could supply to the global market. Brent crude futures settled $3.94, or 3.7%, higher at $109.86, the highest since May 19, while US West Texas Intermediate crude futures closed $3.44, or 3.5%, higher at $101.41, the highest since September 17…………..REUTERS.COM US annual budget gap hits nearly $2 trillion, largest in 5 years The US budget deficit rose by $217 billion to nearly $2 trillion in the ‌2026 fiscal year, fueled in part by tariff refunds and record spending to service the nation’s more than $40 trillion in debt, marking the largest budget shortfall in five years, Treasury Department figures showed on Friday. Continued increases in ​spending for social benefits programs like Social Security and Medicare and a $48 billion jump ​in defense spending also factored into the increase……….REUTERS.COM Nigeria’s inflation slows to 14.63% in September fourth straight monthly decline in 2026 Nigeria’s headline inflation rate eased to 14.63% in September 2026, down from 15.39% in August, extending the country’s disinflation trend for a fourth consecutive month, according to the National Bureau of Statistics (NBS). The latest figure represents a decline of 6.35 percentage points from the 20.98% recorded in September 2025. Month-on-month headline inflation also slowed to 0.06% in September from 0.71% in August, indicating a slower increase in average prices……………..NAIRAMETRICS.COM

Below is the summary of our recommendations for the week. For a detailed review, kindly find attached the recommendations for 19102026.

S/N SECURITIESLAST CLOSE52 WEEK HIGH52 WEEK LOWEPSBVPSP/E RATIOINTRINSIC VALUE / COUPONUP/DOWN SIDERECOMMENDATION
1PRESCO             2,045.30           2,315.40          1,425.00     71.00  431.67    19.93                2,356.9715% HOLD
2NESTLE             2,750.00           3,395.00          1,730.00     81.72     97.85    18.29                3,604.4631% BUY
3NB                    75.00              103.00                60.00     30.00     20.85      2.25                   106.4242% BUY
4TRANSCORP                    36.10                 55.05                33.00       1.07     36.20      4.91                      40.1511% HOLD
5CADBURY                    60.00                 75.25                53.00       3.56       9.44    19.80                      54.04-10% SELL
6ZENITHBANK                 126.00              136.90                53.70     10.48  118.98      5.51                   167.4333% BUY
7MTNN                 825.00              915.00             429.30     33.76     44.32    12.31                1,084.0031% BUY
8ARADEL             1,499.90           2,024.00             628.50     35.37  498.99    42.41                1,751.4617% HOLD
9UNILEVER                 102.50              172.00                69.00       2.72     18.17    17.76                   156.9753% BUY
10AFRIPRUD                    11.00                 19.25                10.10       0.40       3.13    14.86                      14.6233% BUY
11NEWGOLD           86,001.00      204,600.00       51,100.00 N/A N/A N/A           127,421.4548% BUY
12STANBICETF30             1,179.00           7,003.96             490.00 N/A N/A N/A                1,534.2730% BUY
13FGN BOND 25 JUNE 2032    N/A N/A N/A                      17.9516.92% BUY
14EUROBOND FGN  2051    N/A N/A N/A                        8.258.13% BUY
15NTB 02 SEP 27    N/A N/A N/A                              –  15.85% BUY
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Weekly Wealth Digest for October 12, 2026

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Oil prices fluctuate on Trump’s Russian diesel comments, attacks on Saudi Oil prices oscillated on Monday ​as the market considered possible further supplies after US President Donald Trump hailed fresh Russian ‌diesel exports against supply-constricting signals after major attacks on Saudi Arabia. Retracing earlier losses, Brent crude futures rose 69 cents or 0.7%, to $105.41 a barrel while US West Texas Intermediate crude was at $92.42 a barrel, up 57 cents, ​or 0.6%….REUTERS.COM

Wall St Week Ahead Bank earnings, CPI headline busy markets week as S&P 500 hovers near recordsQuarterly earnings reports from banks, along with inflation data and other economic releases next week, will offer US stock investors insight into the ​strength of corporate profits and the path of interest rates, two factors influencing the market’s rally. On Tuesday, the S&P 500 hit an all-time closing high, ‌its first since mid-August. Its year-to-date gain has swelled to more than 14%….REUTERS.COM

Lagos launches up to N200 billion 10-year bond: Key takeaways for investorsThe Lagos State Government has opened its Series 5 Fixed Rate Bond offer to raise up to N200 billion under its N1 trillion Debt and Hybrid Instruments Issuance Programme. The offer opened on Friday, October 9, 2026, and is scheduled to close on Friday, October 16, 2026.It will be priced through book  building, with indicative coupon guidance of 16.50%–16.75% per annum. Proceeds will finance priority infrastructure projects, including the Blue Line rail extension, hospital construction and the Omu Creek Road and bridge project….NAIRAMETRICS.COM

Below is the summary of our recommendations for the week. For a detailed review, kindly find attached the recommendations for 12102026.

S/N SECURITIESLAST CLOSE52 WEEK HIGH52 WEEK LOWEPSBVPSP/E RATIOINTRINSIC VALUE / COUPONUP/DOWN SIDERECOMMENDATION
1ZENITHBANK                 134.70              136.90                53.70     10.48  118.98      5.89                   167.4324% BUY
2MTNN                 840.00              915.00             429.30     33.76     44.32    12.53                1,084.0029% BUY
3ARADEL             1,377.00           2,024.00             628.00     35.37  498.99    38.93                1,751.4627% BUY
4UNILEVER                 102.00              172.00                69.00       2.72     18.17    17.68                   156.9754% BUY
5TRANSCORP                    36.00                 55.05                33.00       1.07     36.20      4.90                      40.1512% HOLD
6AFRIPRUD                    10.40                 19.25                10.10       0.40       3.13    14.05                      14.6241% BUY
7STANBIC                 160.00              188.55                94.60     14.90     81.47      5.76                   208.5330% BUY
8GTCO                 131.50              156.95                77.50     11.18     90.70      5.71                   162.6324% BUY
9HBMNG                 355.00              389.90             128.75     12.93     50.02    16.40                   417.4918% HOLD
10UACN                 181.00              203.95                54.00       6.58     25.87    23.15                   236.4331% BUY
11NEWGOLD           90,888.00      204,600.00       51,100.00 N/A N/A N/A           127,421.4540% BUY
12VETGRIF30                    97.95              130.90                47.65 N/A N/A N/A                   134.2737% BUY
13LAGOS STATE BOND                 100.00 N/A N/A N/A N/A N/A                      17.9516.92% BUY
14EUROBOND FGN  2051                 111.38 N/A N/A N/A N/A N/A                        8.258.13% BUY
15NTB 07 JAN 27                 125.00 N/A N/A N/A N/A N/A                      18.5418.54% BUY

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