DAILY NIGERIAN FOREIGN EXCHANGE MARKET (NFEM) RATES (₦/US$)
Moving Average = 1,366.78 (NFEM)
Previous Average = 1374.14
Change = +0.5356%
Forex Analysis
Our naira to dollar moving average rose by about 0.54%, owing most likely to improved FX inflows. The improved FX situation led to reduction in the spread between official and parallel rates, to about ₦30–40 per $. There was however still steady demand from importers and individuals unable to access official channels.
Daily Crude Oil Prices
Moving Average = $94.84
Previous Average = $96.97
Change = -2.1966%
Crude Oil Analysis
Our Brent crude moving average fell by about 2.2%. This was a week dominated by macroeconomic headwinds. A strong U.S. dollar, softer demand signals from China/Europe, and inflationary pressures that dampened global growth expectations, exerted an overall downward pressure despite a midweek rebound. There were no major escalations in Middle-East tensions, and supply expectations were such that crude output would remain steady.
NGX Top 10 Gainers for the week closing 5th June 2026
| Company | Open | Close | Gain(N) | % Change |
| ↑ | ||||
| ↑ | ||||
| ↑ | ||||
| ↑ | ||||
| ↑ | ||||
| ↑ | ||||
| ↑ | ||||
| ↑ | ||||
| ↑ | ||||
| ↑ |
NGX Top 10 Losers for the week closing 5th June 2026
| Company | Open | Close | Loss (N) | %Change |
| ↓ | ||||
| ↓ | ||||
| ↓ | ||||
| ↓ | ||||
| ↓ | ||||
| ↓ | ||||
| ↓ | ||||
| ↓ | ||||
| ↓ | ||||
| ↓ |
Stock Market Index Activity for the week closing 5th June 2026
Stock Market Index Analysis
Fixed-Income Analysis
In the week between May 29 and June 5, 2026, Nigerian government securities saw active trading and auction activity, reflecting the Central Bank of Nigeria’s tight monetary stance and strong investor demand.
In Nigerian Treasury Bills (NTBs). There was an auction on June 3rd. Oversubscription was significant (₦1.95 trillion bids vs ₦800 billion offered). Investors piled into the 364‑day paper, showing preference for locking in high yields. Yields in general were between 16.05–16.35%.
In Federal Government (FGN) Bonds, the market activity reflected cautious investor positioning, with yields ranging between 13.9-15.7% and trading volumes steady. No new benchmark bond auction fell directly in this week, but secondary market trading was active as investors adjusted portfolios ahead of June’s scheduled issuance.
In OMO Bills, there was the typical strong demand from banks and institutional investors. Yields remained extremely high (roughly 20-22%), reflecting the CBN’s aggressive stance to mop up excess naira liquidity.
Daily Bitcoin Prices
Moving Average = $69,506.63
Previous Average = $75,797.7
Change = -8.2998%
Bitcoin Analysis
In Bitcoin news, the profit-taking continues as our bitcoin average fell for the 3rd week running. As with Brent crude, a stronger U.S. dollar and rising Treasury yields reduced appetite for risk assets, including crypto. Though greater regulatory clarity (clearer guidance in the US for bitcoin Exchange Trade Funds, finalization of the European legal framework for crypto called Markets in Crypto‑Assets Regulation (MiCA)) helped fuel the 6 week rally prior to the beginning of the sell-off, fresh regulatory uncertainties (Reports of stricter enforcement actions against US exchanges and custodians, MiCA implementation details question marks, and rumours of coordinated G20 discussions on crypto taxation and AML standards) have appeared, helping to trigger the sell-off.
Kindly note that this week’s section on the stock market is unavailable as NGX did not release a report this week which contains the base data used for analysis. We regret the inconvenience.
Professional corporate finance and consulting services.
barnabyandedgar.com/
