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
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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.