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.
| SECURITIES | LAST CLOSE | 52 WEEK HIGH | 52 WEEK LOW | EPS | BVPS | P/E RATIO | INTRINSIC VALUE / COUPON | UP/DOWN SIDE | RECOMMENDATION |
| GUINNESS | 423.00 | 499.00 | 153.00 | 18.58 | 29.36 | 16.77 | 495.86 | 17% | HOLD |
| AFRIPRUD | 10.20 | 19.25 | 10.10 | 0.67 | 3.44 | 12.14 | 13.20 | 29% | BUY |
| UNILEVER | 109.00 | 172.00 | 69.00 | 4.60 | 18.05 | 17.22 | 156.97 | 44% | BUY |
| STANBIC | 160.00 | 188.55 | 94.60 | 23.03 | 89.94 | 5.44 | 206.02 | 29% | 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 | 1,084.00 | 31% | BUY |
| PRESCO | 2,045.30 | 2,315.40 | 1,425.00 | 71.00 | 431.67 | 19.93 | 2,356.97 | 15% | HOLD |
| NESTLE | 2,750.00 | 3,395.00 | 1,730.00 | 81.72 | 97.85 | 18.29 | 3,604.46 | 31% | BUY |
| NB | 75.00 | 103.00 | 60.00 | 30.00 | 20.85 | 2.25 | 106.42 | 42% | BUY |
| TRANSCORP | 36.10 | 55.05 | 33.00 | 1.07 | 36.20 | 4.91 | 40.15 | 11% | HOLD |
| NEWGOLD | 82,555.00 | 204,600.00 | 51,100.00 | N/A | N/A | N/A | 127,421.45 | 54% | BUY |
| VETGOODS | 47.47 | 98.23 | 31.50 | N/A | N/A | N/A | 59.45 | 25% | BUY |
| FGN BOND 25 JUNE 2032 | N/A | N/A | N/A | 17.95 | 16.92% | BUY | |||
| EUROBOND FGN 2051 | N/A | N/A | N/A | 8.25 | 8.13% | BUY | |||
| NTB 02 SEP 27 | N/A | N/A | N/A | – | 15.85% | BUY |
