Weekly Report and Stock Recommendation

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Oil settles lower on clues about Fed policy, rumors of Hormuz deal

 Oil prices settled lower on Friday, also down for the week as traders evaluated hints about the U.S. Federal Reserve ​Bank’s inflation-fighting policy and rumors of a possible agreement on shipping through the Strait of Hormuz. Brent crude futures settled at $89.31 ‌a barrel, down 39 cents, or 0.43%. West Texas Intermediate Crude Futures finished at $83.40 a barrel, down 13 cents, or 0.16%……..REUTERS.COM

Stocks rattled by inflation risk from rising oil, dicey geopolitics

Rising oil prices, conflict in the Middle East and political uncertainty in Europe kept investors on edge on ​Monday, leaving stocks to drift lower ahead of critical U.S. inflation data later this week. Tehran said it will announce a restricted zone outside ‌the Strait of Hormuz in coming days, after U.S. forces hit three Iranian tankers and Iran’s Islamic Revolutionary Guard Corps launched ballistic missiles at two U.S. Navy ships.………REUTERS.COM

Dangote Refinery Secures SEC Approval for Landmark N2.15trn IPO at N525 Per Share

The proposed N2.15trn Dangote Refinery IPO marks a potentially transformative moment for Nigeria’s capital market, with the scale of the offer capable of significantly expanding NGX market capitalisation and deepening the pipeline of large-cap investment opportunities. For investors, the transaction offers direct exposure to a strategic energy asset with substantial refining capacity and export potential, while providing an opportunity to diversify beyond traditional banking and consumer-led equities. The sheer size of the offer could also attract greater institutional participation and strengthen Nigeria’s appeal to foreign portfolio investors………….PROSHARE.COM

Below is the summary of our recommendations for the week. For a detailed review, kindly click the link to see our recommendations for 07092026.

Dear Esteemed Client/Reader, click to see our weekly recommendation.

Oil falls on report China pushing for end US-Iran war

Crude oil futures prices were more than 4% lower on Friday after sources said ​that China had initiated a push to resume stalled peace talks between the United States and Iran but remained ‌on track for hefty weekly gains. Both Brent and U.S. West Texas Intermediate crude have rallied this week as the United States and Iran exchanged missile strikes, traffic through the Strait of Hormuz fell to a trickle and Yemen’s Houthis attacked shipping in the Red Sea……………..REUTERS.COM

Wall Street indexes dip with technology earnings, rising oil in focus

The Nasdaq led Wall Street lower on Wednesday with a mixed performance from technology stocks, as investors ​waited for key earnings reports to gauge the health of a market rally fed by enthusiasm for artificial intelligence. The S&P 500 fell slightly and ‌the Dow ended virtually unchanged as traders also monitored the latest Middle East hostilities, which led oil futures to settle at a six-week high, fanning inflation worries…………………….REUTERS.COM

CBN retains interest rate at 26.5% as MPC maintains tight monetary policy

The Central Bank of Nigeria (CBN) has retained the Monetary Policy Rate (MPR), the country’s benchmark interest rate, at 26.5% as the Monetary Policy Committee (MPC) maintained its tight monetary policy stance. The decision was announced by CBN Governor Olayemi Cardoso at the end of the 306th MPC meeting held in Abuja on July 20 and 21, 2026…………………….NAIRAMETRICS.COM

Below is the summary of our recommendations for the week. For a detailed review, kindly click the link to see our recommendations for 27072026.

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Oil settles up on renewed US-Iran hostilities and threat of Red Sea closure

Oil prices climbed more ​than 4% to their highest in more than a month on Friday after the U.S. and ‌Iran stepped up attacks across the Gulf, with shipping threatened by a potential Red Sea closure on top of the restricted traffic through the Strait of Hormuz. Brent crude futures settled $3.87, or 4.59%, higher to $88.10 a barrel, while U.S. West Texas Intermediate futures rose $3.54, or 4.48%, ​at $82.49. Both were at their highest since mid-June……….REUTERS.COM

US consumer inflation moderates; upside risks remain amid renewed Middle East conflict

U.S. consumer inflation slowed more than expected in June as energy prices retreated, but the moderation was insufficient to convince financial markets to take an interest rate increase from the Federal Reserve ​this year off the table against the backdrop of renewed conflict in the Middle East. The report from the Labor Department on Tuesday, which also showed underlying inflation subsiding last month, gave officials ‌at the U.S. central bank some breathing room when they meet later this month, economists said. They, however, cautioned that June’s Consumer Price Index data had been overtaken by the recent escalation in hostilities between the U.S. and Iran…………REUTERS.COM

Nigeria’s inflation eases to 15.91% in June despite rising food prices

Nigeria’s headline inflation rate edged lower to 15.91% in June 2026, compared to 15.93% recorded in May, according to the latest Consumer Price Index (CPI) report. The June inflation rate was significantly lower than the 25.29% recorded in June 2025, reflecting a continued moderation in headline price growth on a year-on-year basis…………..NAIRAMETRICS.COM

Below is the summary of our recommendations for the week. For a detailed review, kindly click the link to see our recommendations for 20072026

Dear Esteemed Client, click to see our weekly recommendation

OPEC+ agrees to raise oil output by 188,000bpd in August

OPEC+ has agreed a further increase in output targets from August, the group said in a statement on Sunday, ‌adding to global supply at a time when oil prices are falling due to the gradual reopening of the Strait of Hormuz for oil exports. The oil-producing group agreed during an online meeting to increase quotas by 188,000 barrels per day from August, on top of similar increases for June and July…………..REUTERS.COM

Wall St Week Ahead Investors to grapple with packed week of earnings, CPI, Iran headlines

An eventful coming week of economic data, corporate earnings reports and Middle East developments will test a resilient U.S. stock market that has indexes around record ​highs despite turbulence beneath the surface. The S&P 500 posted a second straight weekly gain, putting the benchmark index up more than 10% for the year and ‌less than 1% from its record close from early June. The weekly strength overcame big swings in market-leading semiconductor shares and a flare-up in tensions between the U.S. and Iran that put risks tied to the four-month-old war and related energy price spikes back at the forefront for investors………REUTERS.COM

S&P Dow Jones Indices Places Nigeria on Its 2027 Watchlist for Potential Frontier Market Reclassification

On 07 July 2026, S&P Dow Jones Indices, referred to here as S&P DJI, placed Nigeria on its 2027 Watchlist for a possible reclassification from Standalone Market to Frontier Market, citing regulatory modernization that has strengthened transparency, enforcement and market integrity…………PROSHARE.COM

Below is the summary of our recommendations for the week. For a detailed review, kindly click the link to see our recommendations for 13072026.

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Oil shipments rise in Hormuz although questions grow over Iran’s transit terms

Oil shipments through the Strait of Hormuz picked up on Friday after the United States and Iran signed a ceasefire deal, with Gulf producers preparing to raise exports despite concerns over conditions set by Tehran for using the vital waterway. Washington ​and Tehran released the text of an interim agreement signed on Wednesday to end the conflict, although U.S. President Donald Trump warned ‌he could resume attacks and target Iranian officials if commitments are not honoured………….REUTERS.COM

Wall St indexes advance with boost from chips, Iran optimism

U.S. stock indexes rallied on Thursday, with the Nasdaq’s 1.9% advance boosted by ​gains in semiconductor shares, while inflation fears eased after the U.S. and Iran signed a peace agreement, although investors still priced in interest rate hikes this year from the Federal Reserve. The ‌Philadelphia semiconductor index (.SOX), opens new tab sharply, outperformed the rest of the market with a 6.4% rally as Intel’s (INTC.O), opens new tab shares jumped to a record high and finished up 10.6%. U.S. President Donald Trump said iPhone maker Apple (AAPL.O), opens new tab had agreed to work with Intel to design and manufacture its chips in the U.S…………..REUTERS.COM

Nigeria’s Inflation rises to 15.93% in May 2026

Nigeria’s headline inflation rate edged higher to 15.93% in May 2026, up from 15.69% in April, as rising consumer prices continued to exert pressure on households and businesses despite a slower pace of monthly price increases. According to the latest Consumer Price Index (CPI) report released by the National Bureau of Statistics (NBS), the CPI rose to 140.7 points in May from 138.3 points in April, reflecting sustained inflationary pressures across the economy. The latest figures showed that while inflation accelerated on an annual basis, the month-on-month rate eased, suggesting a moderation in the pace of price increases…………NAIRAMETRICS.COM

Below is the summary of our recommendations for the week. For a detailed review, kindly click the link to see our recommendations for 22062026.

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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

Below is the summary of our recommendations for the week. For a detailed review, Kindly click the link to see our recommendations for 15062026.

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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.

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Oil rises as US, Iran trade strikes, Israel moves further into Lebanon

Oil prices rose more than ​3% on Monday after Iran and the U.S. traded strikes and Israel ordered troops to move further into Lebanon in ‌its battle with Tehran-backed Hezbollah. U.S. crude futures rose $2.88 or 3.3% to $90.24 a barrel as of 0701 GMT. Brent futures rose $2.78 or 3.05% to $93.9 a barrel. The fighting, after Washington hosted Israel-Lebanon peace talks on Friday, dimmed hopes that the U.S. and Iran could soon announce an extension to their ​ceasefire, which had driven Brent and WTI to settle down 1.8% and 1.7%, respectively, on Friday…………….REUTERS.COM

Wall Street hits new closing highs on tech strength, Middle East deal hopes

Wall Street’s main indexes hit record closing highs on Friday and ​posted weekly and monthly gains as Dell results drove tech shares higher, while investors awaited details on a potential U.S.-Iran deal. President Donald Trump ‌said in a social media post that he would make a final decision on the Iran deal on Friday. Tehran earlier said it was looking for action, not words, when it came to an agreement………….REUTERS.COM

Nigeria’s GDP grows by 3.89% in Q1 2026 as agriculture, services drive expansion

Nigeria’s economy recorded a real Gross Domestic Product (GDP) growth of 3.89% year-on-year in the first quarter of 2026, reflecting an improvement from the 3.13% growth recorded in the corresponding period of 2025. This is according to fresh GDP data released by the National Bureau of Statistics (NBS). The latest figures indicate continued expansion across major sectors of the economy, supported by stronger agricultural activity, steady industrial output and sustained growth in the services sector…………..NAIRAMETRICS.COM

Below is the summary of our recommendations for the week. For a detailed review, kindly click the link to see our recommendations for 01062026.

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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.

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Oil settles down 9% after Iran declares Strait of Hormuz open

Oil prices settled down by around 9% on Friday after Iran said passage for all ​commercial vessels through the Strait of Hormuz was open for the remaining ceasefire period and U.S. President Donald Trump ‌said Iran has agreed to never close the strait again. Brent crude futures settled down $9.01, or 9.07%, to $90.38 a barrel, after falling to a session low of $86.09. U.S. West Texas Intermediate crude futures settled down $10.48, or 11.45%, at $83.85 a barrel, after touching a low of $80.56…..……REUTERS.COM

Wall Street indexes hit record highs as oil falls with Strait of Hormuz declared open

The benchmark S&P 500 and the tech-heavy Nasdaq ​each rallied to their third record close in a row on Friday, while the blue-chip Dow marked its highest finish since late February, ‌as investors cheered Iran’s decision to open the Strait of Hormuz and were optimistic it could reach a deal with the United States to end their war. Iranian Foreign Minister Abbas Araqchi said in a post on X that passage for all commercial vessels through the Strait of Hormuz was completely open after a ceasefire agreement in Lebanon…………REUTERS.COM

Nigeria’s inflation climbs to 15.38% in March 2026

Nigeria’s headline inflation rate increased to 15.38% in March 2026, up from 15.06 per cent recorded in February. This is according to the latest data released by the National Bureau of Statistics. The figures indicate a renewed uptick in price pressures, with both month-on-month and annual indicators pointing to rising costs across the economy…………..NAIRAMETRICS.COM

Below is the summary of our recommendations for the week. For detailed review, kindly click the link to see our recommendations for 20042026.