Weekly Report and Stock Recommendation

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Oil settles lower after Europe agrees to tap diesel reserves

Oil settled slightly lower on Friday, with Brent at $102.25/bbl (down 6 cents) and WTI at $91.11/bbl (down 1.90%). For the week, Brent was up 0.11% while WTI fell 1.6%.The dip came after EU countries agreed to release more diesel stockpiles at US President Trump’s request. He had earlier said he might ban US diesel exports, which would hit Europe hardest. France proposed that Europe release 50 million barrels of diesel and IEA members release 50 million barrels of crude, but G7 agreement on the volumes was not yet clear. ……REUTERS.COM

US manufacturing steady in September, input prices increase

US manufacturing was little changed in September. The ISM manufacturing PMI dipped to 54.5 from 54.6 in August, below the 55.0 economists expected. It has stayed above 50 all year, which means growth. Demand stayed strong. New orders rose to 55.3 from 53.7 and order backlogs also went up. The AI infrastructure buildout and companies rebuilding stock are supporting factories. ……REUTERS.COM

Nigeria’s composite PMI rises to 53.0 in September, marks fourth month of expansion – CBN

Nigeria’s composite PMI rose to 53.0 in September from 52.7 in August, the fourth straight month of growth. Industry, Services and Agriculture all expanded. Output was at 53.9, new orders at 53.7 and employment at 51.5. Raw material stocks were at 52.1 and supplier delivery times at 52.7, which means faster deliveries. Twenty-three subsectors grew, led by Educational Services, while nine shrank, with Chemical & Pharmaceutical Products falling the most. ……………NAIRAMETRICS

Below is the summary of our recommendations for the week. For a detailed review, kindly click the link to see our recommendations for 05102026.

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Oil prices slide about 2% as US, Iran explore path out of war

Oil prices fell about 2% on Friday on mounting hopes for a truce ‌between the US and Iran and talk about a possible US ban on diesel exports, even as traders worried that increasing attacks against Saudi Arabia by Houthi fighters could disrupt supply from the Middle Eastern producer. Brent futures fell $2.28, or 2.1%, to settle at $104.32 a barrel. West Texas Intermediate (WTI) crude fell $2.20, or 2.3%, to settle at $92.4………….. REUTERS.COM

US business activity at more than five-year high; inflation pressures building

US business activity raced to a more than five-year ‌high in September, fueled by a surge in new orders, though strong demand strained supply chains and pushed prices higher. S&P Global said on Wednesday its flash US Composite PMI Output Index, which tracks the manufacturing and services sectors, increased to 58.4 this month. That was the highest level since July 2021 and followed a reading ​of 56.0 in August. ………….. REUTERS.COM

CBN’s 350bps rate cut reshapes stocks, bonds and bank earnings outlook

The Central Bank of Nigeria’s decision to cut the Monetary Policy Rate by 350 basis points to 23% could reshape how investors allocate money across fixed income and equities, although stockbrokers expect the benefits to vary across sectors and companies. The Monetary Policy Committee reduced the MPR from 26.5% to 23% at its September meeting and reset the standing facilities corridor to +50/-300 basis points………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 28092026.

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Oil slides after China asks Iran to limit Houthi attacks on Saudi oil facilitiesOil prices fell on Friday after China, acting on a request from Saudi Arabia, asked Iran ​to limit attacks by Houthi rebels on Saudi oil infrastructure that have threatened a second oil export route in the Middle ‌East. Brent crude futures settled at $104.87 a barrel, down 95 cents, or 0.93%. US West Texas Intermediate futures finished at $100.30 a barrel, down $1.61, or 1.58%…….REUTERS.COM

Wall St ends lower after Fed hikes interest rates, sees more tightening aheadUS stocks whipsawed ​lower on Wednesday after the Federal Reserve raised its key interest rate for the first time in over three years to fight ‌stubbornly high inflation stemming from soaring crude oil prices during the US-Israeli war on Iran. In its accompanying statement, the Fed said its decision was unanimous and more tightening is likely in the near future to effect a timelier drop in inflation…………….REUTERS.COM

J.P. Morgan includes Nigeria in new emerging-market bond index with 7.4% weight

J.P. Morgan has included Nigeria in its newly introduced Government Bond Index–Emerging Markets Edge (GBI-EM Edge), assigning the country a 7.4% weighting in the benchmark designed to track local-currency government debt across frontier emerging markets. This is according to J.P. Morgan’s Global Index Research report dated September 14, 2026. The inclusion puts Nigerian naira-denominated government bonds back into a J.P. Morgan emerging-market benchmark more than a decade after the country was removed from the bank’s flagship government bond index in 2015……………NAIRAMETRICS

Below is the summary of our recommendations for the week. For a detailed review, kindly click the link to see our recommendations for 21092026.

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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.

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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

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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.