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The Nigerian market enters the new week with a quiet shift in posture, from broad-based momentum toward selective conviction. Six consecutive weeks of gains have lifted the NGX All-Share Index to 244,775.83 points, year-to-date returns now stand at 57.30%, and market capitalisation has risen to N157.09trn.

The macro tone is supportive. The naira firmed in both the NFEM and parallel windows to N1,361.40/US$ and N1,395.00/US$, system liquidity rose from N4.96trn to N5.67trn, and the 6 May NTB auction printed a 3.44x bid-to-cover with N2.23trn chasing the 364-day paper. Beneath the headline, the breadth question is becoming louder. The NGX Growth, AFR Dividend Yield, and Industrial Goods indices led the week, while Oil and Gas, MERI Value, and Commodity indices gave back ground, and Brent fell 11.06% to US$101.45 on improving supply expectations.

The week ahead carries four directional signals worth board-level monitoring. Nigeria’s April 2026 inflation print on Friday will test whether month-on-month pressure is moderating or hardening. The United States CPI on Tuesday will reset the global rate-path narrative. The US-China Summit on Thursday will frame trade and tariff sensitivity. And the Africa Forward Summit, alongside the Nigeria Business and Inflation Expectations Surveys on Monday, will set the domestic tone.

The approach for this new week is to read the gap between liquidity-driven momentum and earnings-anchored conviction, and to remember that capital effectiveness, governance, and ex*****on discipline remain the anchors of a credible re-rating.

In this brief, we frame the directional signals shaping the week and identify the data points, policy outcomes, and global spillovers that institutional readers should monitor.

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What to Expect from the Markets this Week – 110526 The week ahead carries four directional signals worth board-level monitoring. Nigeria’s April 2026 inflation print on Friday will test whether month-on-month pressure is moderating or hardening. The United States CPI on Tuesday will reset the global rate-path narrative. The US-China Summit on Thur...

The Nigerian Economic Dashboard, 8th May, 2026

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The Nigerian Markets at a Glance 8th May 2026

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IEI Plc is building a quiet momentum ahead of a major recapitalisation push. Q1 2026 results show a Profit Before Tax of N324.5m, net investment income surging to ₦816.3m, total assets at N16.1bn, and shareholders' funds strengthening to N9.52bn.

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IEI Sustains Profitability Momentum Ahead of Recapitalisation Drive International Energy Insurance Plc (IEI) has continued its profitability journey in the first quarter of 2026, reinforcing signs of operational stability and financial recovery under the stewardship of Norrenberger Advisory Partners Limited.

Weekly Snapshot on the African Economy as of 8th May 2026

This week’s African economic snapshot reveals a continent balancing reform-driven optimism with rising geopolitical and fiscal pressures. Across key regions, governments are accelerating infrastructure, energy, and industrialisation agendas, from Nigeria’s refinery expansion and Enugu’s 660MW coal plant to Egypt’s multi-billion-dollar energy investments and Burkina Faso’s diaspora bond program. At the same time, improving PMI readings in Nigeria and Ghana show business activity remains resilient despite tightening global conditions.

However, Inflationary pressures are resurfacing in economies such as Ethiopia and Ghana, while energy security and revenue mobilisation remain dominant policy concerns across several markets. Geopolitical tensions in the Middle East continue to distort energy markets and supply chains, forcing African economies to confront imported inflation and fuel vulnerabilities.

Weekly Snapshot on the African Economy as @080526 This week’s African economic snapshot reveals a continent balancing reform-driven optimism with rising geopolitical and fiscal pressures. Across key regions, governments are accelerating infrastructure, energy, and industrialisation agendas, from Nigeria’s refinery expansion and Enugu’s 660MW ...