Weekly Report and Stock Recommendation

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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.

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Oil jumps more than 7% to above $102 ahead of US blockade on IranOil prices jumped back above $100 a barrel on Monday as the U.S. Navy prepared ‌to block ships to and from Iran via the Strait of Hormuz, a move that could restrict Iranian oil exports, after Washington and Tehran failed to reach a deal to end the war. Brent crude futures gained $7.03, or 7.4%, to $102.23 a barrel by 0810 GMT after settling 0.75% lower on ​Friday. U.S. West Texas Intermediate was up $7.31, or 7.6%, at $103.88 a barrel following a 1.33% loss in the ​previous session….REUTERS.COM

Fed will need to explain why current inflation jump differs from 2022 surgeWhen surging U.S. inflation peaked in June of 2022, driven by rising prices for energy but also for food, shelter, vehicles, and a host of other items, Federal Reserve officials assured the public in stern tones ​that they were on top of the situation and would follow through with steep interest rate hikes to cool the economy….REUTERS.COM

FTSE Russell reclassifies Nigeria to Frontier Market, effective September 2026 FTSE Russell has announced the reclassification of Nigeria from “Unclassified” to “Frontier market status,” ending a more than two-year hiatus that saw the country excluded from its indices. The move signals renewed investor confidence and is expected to open Nigeria’s stock market to increased foreign capital inflows, further boosting a market that has already gained over 29% this year…NAIRAMETRICS.COM

Below is the summary of our recommendations for the week. For detailed review, kindly click the link to see our recommendations for 13042026.

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Brent heads for record monthly leap as Houthi attacks widen Gulf conflict
Oil prices extended gains on Monday, with Brent heading for a record ​monthly rise, after Yemeni Houthis launched their first attacks on Israel, widening the U.S.-Israel war against Iran. Brent crude futures jumped by $3.20, or 2.8%, ‌to $115.77 a barrel by 0933 GMT after settling 4.2% higher on Friday. U.S. West Texas Intermediate was up $1.87, or 1.9%, at $101.51 after a 5.5% gain in the previous session….REUTERS.COM

Stocks tumble, Dow confirms correction territory, as Middle East tensions drag
U.S. stocks tumbled on Friday, with each of the three major ​U.S. indexes closing at their lowest levels in over seven months and the Dow confirming it was in correction territory as the month-long ‌Middle East war continued to suppress risk appetite. Markets took little solace from U.S. President Donald Trump’s announcement that he gave Iran another 10 days to reopen the Strait of Hormuz or face the destruction of its energy plants, after Iran rejected his proposals to end the war that began with U.S.-Israeli air strikes on Iran…..REUTERS.COM

FPI dominance brings rewards and risks
Nigeria’s latest Capital Importation Report for Q4 2025, released by the National Bureau of Statistics (NBS), reveals a total inflow of $6.443 billion. This number is a 26.61% increase over the $5.089 billion in Q4 2024 and a 7.13% rise from $6.015 billion in Q3 2025. While the rise in foreign capital is significant and shows investor involvement in Nigeria’s markets, the breakdown highlights a key issue…..NAIRAMETRICS.COM

Below is the summary of our recommendations for the week. For detailed review, kindly click the link to see our recommendations for 30032026.

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Oil up 1% as Iran threatens to hit Gulf power plants over Trump warning

Oil prices rose on Monday after Iran’s Revolutionary Guards said they would target Israel’s power plants and those supplying U.S. bases in the Middle East in retaliation against any attack on its electricity sector. Brent crude futures were up $1.15, or 1%, at $113.34 a barrel by 0957 GMT. U.S. ​West Texas Intermediate was up 79 cents, or about 0.8%, at $99.02. Both contracts had swung $1 lower after an ​early $1 gain in volatile Asian trade……….REUTERS.COM

Wall St Week Ahead Persistent Iran war, energy price surge set to sway wavering stocks.

A Middle East crisis that has convulsed markets should remain the focal point for Wall Street in the near term, as investors stay glued ​to developments in Iran and the fallout from surging energy prices. As the U.S.-Israeli war on Iran stretches to three weeks, an over 40% jump in oil prices is driving worries ‌about higher inflation and stagnating economic growth…………REUTERS.COM

Nigerian stocks enter historic super-cycle

The Nigerian equity market has entered a historic “Super-Cycle of 2026, with the benchmark index crossing new psychological frontiers and market capitalization reaching all-time highs. Latest market action showed that the NGX has entered a volatile but rewarding phase with fiscal reforms and a positive re-rating of global institutional investors as of Mid-March 2026. The NGX All-Share Index (ASI) displayed phenomenal growth from a breakout phase in 2024 and is now in an extended bull run…………NAIRAMETRICS.COM

Below is the summary of our recommendations for the week. For detailed review, kindly click the link to see our recommendations for 23032026.

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Oil prices surged around 25% on Monday to their highest since mid-2022, with Brent on track ‌for a record one-day gain, while gold fell 2% as an escalating Iran war squeezed world energy supplies, boosted the dollar and dampened hopes of interest-rate cuts. Agriculture markets, led by edible oils, rose as they took their cue from oil prices due to the extensive use ​of vegetable oils in making biofuels. Aluminium firmed on supply worries even as other metals faced headwinds from ​a stronger dollar…………..REUTERS.COM

Fresh signs of labor weakness and oil-driven inflation concerns are cornering U.S. Federal Reserve officials into an uncomfortable choice: leave borrowing costs steady to ensure that inflation does not worsen or ​cut them to shore up a job market that is losing ground. For now, they look poised to wait, even as traders ramped up bets that rate cuts will start ‌in June. That is when President Donald Trump’s nominee for Fed chair, former Fed Governor Kevin Warsh, is expected to take over from current Fed Chair Jerome Powell as lead policymaker at the U.S. central bank………..REUTERS.COM

The Central Bank of Nigeria (CBN) has disclosed that 30 banks have already met the new minimum capital thresholds introduced under its ongoing banking sector recapitalisation programme. The update was contained in a statement issued on Friday by the Acting Director of Corporate Communications at the CBN, Hakama Sidi-Ali. According to the apex bank, the recapitalisation drive, which began in 2024, is progressing across the industry as financial institutions strengthen their capital bases through various fundraising strategies…………..NAIRAMETRICS.COM

Below is the summary of our recommendations for the week. For detailed review, kindly click the link to see our recommendations for 09032026.

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The United States and Israel launched strikes on Iran on Saturday that killed Supreme Leader Ali Khamenei and plunged the Middle East into a new conflict. The strikes put nearby oil-producing Gulf Arab countries on edge as fear of escalation grew with Iran responding by launching missiles towards Israel. Some oil majors and top trading houses suspended crude oil and fuel shipments via the Strait of Hormuz because of the attacks, four trading sources said on Saturday………..REUTERS.COM
U.S. economic growth slowed more than expected in the fourth quarter, with government spending posting its biggest decline since 1972 because of last year’s shutdown, but steady consumer and business outlays underscored the economy’s resilience. Most of the drag on gross domestic product from the 43-day shutdown, however, will likely be reversed in the first quarter…………REUTERS.COM
Nigeria’s economy grew by 4.07 per cent year-on-year in real terms in the fourth quarter (Q4) of 2025. This is according to the latest Gross Domestic Product (GDP) report released by the National Bureau of Statistics (NBS) on Friday. The growth rate represents an improvement from the 3.76 per cent recorded in the corresponding period of 2024, signalling a stronger year-end performance…………..NAIRAMETRICS.COM
Below is the summary of our recommendations for the week. For detailed review, kindly click the link to see our recommendations for 02032026.

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Oil prices fell over 1% on Monday as the U.S. and Iran prepared for a third round of nuclear talks, easing fears of an escalating conflict, while President Donald Trump‘s fresh tariff hikes created uncertainty for global growth and fuel demand. Brent crude futures slid 73 cents, or 1%, to $71.03 a barrel by 0849 GMT while U.S. West Texas Intermediate crude futures were at $65.73 a barrel, down 75 cents, or 1.1%………..REUTERS.COM

President Donald Trump said on Saturday he will raise a temporary tariff from 10% to 15% on U.S. imports from all countries, the maximum level allowed under the law, after the U.S. Supreme Court struck down his previous tariff program. The move came less than 24 hours after Trump announced a 10% across-the-board tariff on Friday after the court’s decision. The ruling found the president had exceeded his authority when he imposed an array of higher rates under an economic emergency law……….REUTERS.COM

Nigeria’s headline inflation rate moderated slightly to 15.10% in January 2026, down from 15.15% recorded in December 2025, according to the latest Consumer Price Index report released by the National Bureau of Statistics (NBS). The marginal decline of 0.05 percentage points suggests a continued slowdown in price pressures at the start of the year, following several months of easing inflation. On a year-on-year basis, inflation dropped significantly compared to the same period last year. The January 2026 rate of 15.10% is 12.51 percentage points lower than the 27.61% recorded in January 2025…………NAIRAMETRICS.COM

Below is the summary of our recommendations for the week. For detailed review, kindly click the link to see our recommendations for 23022026.

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Oil traded little changed on Monday, with investors weighing the market implications of upcoming U.S.-Iran talks aimed at de-escalating tensions against a backdrop of expected OPEC+ supply increases. Brent crude futures edged down 3 cents to $67.72 a barrel by 0727 GMT. U.S. West Texas Intermediate crude was at $62.86 a barrel, down 3 cents. There will be no WTI settlement on Monday due to a U.S. holiday…..……REUTERS.COM

U.S. consumer prices increased less than expected in January amid cheaper gasoline and a moderation in rental inflation, but households faced higher costs for services, suggesting little urgency for the Federal Reserve to resume cutting interest rates before summer. The Consumer Price Index report from the Labor Department on Friday showed underlying inflation pressures warmed up last month, likely as businesses pushed through start-of-the-year price increases for goods and services, including personal care, recreation as well as airline fares and hospital services…………REUTERS.COM

Nigeria’s National Pension Commission (PenCom) has raised the allowable investment limits for ordinary shares across key Retirement Savings Account (RSA) fund categories. The adjustment was announced in an addendum released on Monday, February 9, 2026, to the Revised Regulation on Investment of Pension Fund Assets originally issued in September 2025. The move is aimed at improving asset allocation efficiency, especially with the noted absence of qualifying assets, especially in alternative assets…………..NAIRAMETRICS.COM

Below is the summary of our recommendations for the week. For detailed review, kindly click the link to see our recommendations for 16022026.

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Oil prices fell more than 1% on Monday as fears of a Middle East conflict eased after the U.S. and Iran pledged to continue indirect talks about Tehran’s nuclear programme, calming worries about potential supply disruptions. Brent crude futures fell 84 cents, or 1.2%, to $67.21 a barrel by 0747 GMT on Monday, while U.S. West Texas Intermediate crude dropped 82 cents, or 1.3%, to $62.73………REUTERS.COM

An artificial intelligence-driven shakeout in the heavyweight technology sector is set to keep stock investors on edge in the coming week while a barrage of data could shift focus to the health of the economy. A deepening rout among software stocks commanded Wall Street’s attention this week, as investors worried about the extent to which AI would upend business models throughout the industry. Further weakness in the tech sector, which holds massive weight in the major U.S. equity indexes, dragged on the market for much of the week………..REUTERS.COM

Nigeria’s fixed-income market strengthened on February 5, 2026, as Treasury bills and Federal Government bond yields declined across key maturities, lifting the total size of the FMDQ debt market to N99.30 trillion. Data from the FMDQ Securities Exchange showed that improved system liquidity and reduced reliance on aggressive short-term issuance supported yield compression, pointing to softer borrowing costs despite the Central Bank of Nigeria’s (CBN) tight monetary policy stance………….NAIRAMETRICS.COM

Below is the summary of our recommendations for the week. For detailed review, kindly click the link to see our recommendations for 09022026.