Weekly Report and Stock Recommendation

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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.

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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.