Trending News: President Tinubu Speaks After Meeting Pope Leo XIV‘Propagandist’ – Gov Adeleke Accuses APC Chieftain, Bashiru Of Using Fake News As Campaign StrategyManchester City’s Kevin De Bruyne Considers Remaining In EnglandMandatory Voting Will Not Fix Electoral Flaws – APC Chieftain, Okechukwu Tells LawmakersPHOTOS: Tinubu Meets Pope Leo XIV In RomeNigerian Singer, Omah Lay Involved In Ghastly Car AccidentTinubu Meets Vatican Officials, Pledges Continued Support For Interfaith CooperationNDLEA Intercepts ₦3.2 Billion Worth Of Drugs, Arrests 80-Year-Old Ex-Convict, 82-Year-Old GrandmaU-20 AFCON: Flying Eagles Of Nigeria To Play Egypt Without Two PlayersPep Guardiola Reacts To Haaland’s Decision In Man City Vs Crystal Palace FA Cup FinalThere Is Space For Kevin De Bruyne At Liverpool – Mohamed SalahActors Who Believe They Must Always Play Lead Roles Are Delusional – Tina MbaNigeria’s Favour Ofili Shatters World RecordJune 12: Lamido Insulting Our Intelligence, Believes We Are Fools – Afenifere Chieftain Fumes Over Yoruba Presidency RemarkBREAKING: Kidnappers Murder APC Chairman After Collecting ₦5 Million RansomTragedy As 27 Feared Dead In Kwara Boat DisasterWhat I Told Tinubu After He Asked Me To Make Peace With Fubara – WikeVice President, Kashim Shettima To Inaugurate 22nd National Sports FestivalAnthony Joshua To Light Sports Festival Cauldron In Ogun TodayGov Yusuf Suspends Senior Aide Over Statement Against KwankwasoBlack Market Dollar (USD) To Naira (NGN) Exchange Rate Today 18th May 2025Fresh Crisis Ignites In PDP As Saraki’s Panel Moves To Endorse Anyanwu As National Secretary‘Nigeria Will Be Worse Than Somalia In The Next Few Years’ – Pat Utomi‘They Want To Reap Where They Did Not Sow’ – Wike Lists Three Politicians He Is Fighting In Rivers‘As Long As I Breathe, I’ll Protect What You Two Have Built’ – Davido Tells Asika And His Wife, LeonnaDSS: ‘We’re Not Threatening To Form A Parallel Govt Like APC Threatened Goodluck Jonathan’ – Pat UtomiTop Nigerian Newspaper Headlines For Today, Sunday, 18th May, 2025Top Companies Stocks Trading at 52-Week High on NGXMore Top Opposition Leaders To Join APC Soon – Speaker Abbas RevealsPolice Recover Stolen Vehicle In Niger StateGospel Singer, Peterson Okopi Cheats Death In Ghastly Car Accident [Photos]EFCC Witness, Peter Okoye, Testifies Against Former P-Square ManagerJeremie Frimpong Joins Liverpool In Five-Year Deal‘My Father Was Jailed For Resisting My Enrollment In School’ – AtikuAtiku Abubakar Recounts Surviving Assassination AttemptPresident Tinubu Arrives In Rome For Pope Leo XIV’s InstallationEberechi Eze Shines As Crystal Palace Win FA Cup After Beating Manchester City2027: Malami Urges Supporters To Avoid Inflammatory RemarksHow Will I Build A House And You Ask Me To Vacate It? – Wike Speaks On Leaving PDP29-Year-Old Nigerian Lady Becomes Youngest Mayor In The UKWhy I Will Not Contest Against Tinubu In 2027 – Nyesom WikeKwankwaso Speaks On Plan To Join APCFubara Is My Boy, Why Will I Fight With Him – Wike Discloses Real Culprits He Is Battling With‘I Don’t Work To Compare’ – Wike Speaks On Comparison With El-Rufai As FCT MinisterSouth-East Senate Caucus Raises Alarm Over UTME Technical GlitchesI Turned Down ₦3 Billion Offer For Jarvis To Do A Kissing Scene – PellerFG Drums Support For Boy ChildFG Confirms Arinze-Umobi Acting VC Of UNIZIKYou Will Lose Your Job If I Look For You – Umo Eno Tells AppointeesINEC Publishes Anambra Guber Candidates’ DetailsI Wanted To Call The Prime Minister Of Canada To Help Me Locate You – Tinubu To Alaafin Of OyoTinubu’s Govt Has Turned Shettima To An Agent Solely For Attending Wedding And Burial Ceremonies – APC ChieftainReal Madrid Signs Defender Dean Huijsen From BournemouthSupport Made-In-Nigeria Goods – Akume Urges CitizensNigerian Army Personnel Dismissed Over Alleged Involvement In Armed RobberyFG, States, LGs Share ₦1.681 Trillion For AprilI Was A Child Family Never Wanted – Sydney TalkerForeign Exchange Market: Naira Regains Value Against US DollarWe Are Our Worst Enemies – Igbokwe Blames Nigerian Traders For Hike In Food PricesGov Zulum Shuts Borno IDP Camp Housing 11,000 PeopleIkpeazu’s Spokesman, Ememanka Supports Otti, Dumps PDPTaraba Gov Swears In New Commissioner For EducationDon’t Speak Ill Of Lagos If You Left Your State For The State – CommissionerNBA Insists On Not Refunding ₦300 Million Paid By Rivers Govt‘Do I Look Like Somebody That Is Sick’ – Wike Rubbishes Ill Health ReportISWAP Fighters Kill 23 Farmers, Fishermen In BornoAbia Govt Permanent Secretary, Elefue Is DeadAnambra NBA To Boycott Court Sittings Over Lawyer’s MurderProsecute Politicians Leaving Their Parties, Not Me – Utomi Tells DSSSoludo Allies Begged Tinubu To Endorse Him, But He Refused – South-East APCExpel Cultists Immediately – Gov Diri Tells VCCreate Livestock Ministry In Your States – MACBAN Tells GovernorsDSS Confirms Simon Ekpa Charged With Terrorism In FinlandI Still Support Peter Obi – Obaze‘There Were Rumours That Cows, Vultures And Tortoises Were Buried Inside Govt House’ – Otti’s Aide‘I Will Not Sit Down And Listen To This’ – Fubara And Wike Supporters Openly Clash At Town Hall MeetingWhy Presidential System Of Govt Cannot Work In Nigeria – Tonye ColeDesmond Elliot Opens Up On Reason Behind AMVCA Elephant Print OutfitI Have Not Been To London In The Past Two Years – Umahi Addresses Allegation Of Moving Ministerial Briefing AbroadDetails Of Tinubu’s Meeting With Alaafin Of Oyo EmergeWoman Arrested For Allegedly Biting Off Lover’s Manhood During DisputeFG Clears Two Million Households For Cash Transfer2027: APGA Chieftain, Ukwa Urges Nigerians To Support Peter ObiBlack Market Dollar (USD) To Naira (NGN) Exchange Rate Today 17th May 2025Top Nigerian Newspaper Headlines For Today, Saturday, 17th May, 2025Nigeria Joins European Bank for Reconstruction and Development to Boost EconomyNaira Puts on ‘Show’ Against Dollar in FX MarketNiger to Get Additional $40.9 million Loans from IMFElectricity Shortage Poses Threat to Zambia Economic RecoveryFAAC: FG, States, LGs Share N1.681trn April RevenueGlobal Economy Stands at Fragile Turning Point -UNCustoms Intercepts N1.5bn Contraband in LagosNGX Index Hits All-Time High, Investors Gain N153bnRenaissance Exceeds Oil Output Target by 40 % in One MonthInflation Decline, not by Chance – FGTension As Police Allegedly Kill Female Undergraduate Student In MakurdiPoverty: Obasanjo Calls For Urgent Action, Cites China’s Success2027: We Will Do Everything To Ensure Tinubu’s Re-election – Ex-PDP Guber Candidate, JandorPDP Has Problems Because People Like Atiku Do Not Want It To Succeed – Anakwenze‘PDP In Shreds, There Won’t Be Political Parties In 2027 Election’ – Akpabio Declares
Sun. May 18th, 2025
Trending News: President Tinubu Speaks After Meeting Pope Leo XIV‘Propagandist’ – Gov Adeleke Accuses APC Chieftain, Bashiru Of Using Fake News As Campaign StrategyManchester City’s Kevin De Bruyne Considers Remaining In EnglandMandatory Voting Will Not Fix Electoral Flaws – APC Chieftain, Okechukwu Tells LawmakersPHOTOS: Tinubu Meets Pope Leo XIV In RomeNigerian Singer, Omah Lay Involved In Ghastly Car AccidentTinubu Meets Vatican Officials, Pledges Continued Support For Interfaith CooperationNDLEA Intercepts ₦3.2 Billion Worth Of Drugs, Arrests 80-Year-Old Ex-Convict, 82-Year-Old GrandmaU-20 AFCON: Flying Eagles Of Nigeria To Play Egypt Without Two PlayersPep Guardiola Reacts To Haaland’s Decision In Man City Vs Crystal Palace FA Cup FinalThere Is Space For Kevin De Bruyne At Liverpool – Mohamed SalahActors Who Believe They Must Always Play Lead Roles Are Delusional – Tina MbaNigeria’s Favour Ofili Shatters World RecordJune 12: Lamido Insulting Our Intelligence, Believes We Are Fools – Afenifere Chieftain Fumes Over Yoruba Presidency RemarkBREAKING: Kidnappers Murder APC Chairman After Collecting ₦5 Million RansomTragedy As 27 Feared Dead In Kwara Boat DisasterWhat I Told Tinubu After He Asked Me To Make Peace With Fubara – WikeVice President, Kashim Shettima To Inaugurate 22nd National Sports FestivalAnthony Joshua To Light Sports Festival Cauldron In Ogun TodayGov Yusuf Suspends Senior Aide Over Statement Against KwankwasoBlack Market Dollar (USD) To Naira (NGN) Exchange Rate Today 18th May 2025Fresh Crisis Ignites In PDP As Saraki’s Panel Moves To Endorse Anyanwu As National Secretary‘Nigeria Will Be Worse Than Somalia In The Next Few Years’ – Pat Utomi‘They Want To Reap Where They Did Not Sow’ – Wike Lists Three Politicians He Is Fighting In Rivers‘As Long As I Breathe, I’ll Protect What You Two Have Built’ – Davido Tells Asika And His Wife, LeonnaDSS: ‘We’re Not Threatening To Form A Parallel Govt Like APC Threatened Goodluck Jonathan’ – Pat UtomiTop Nigerian Newspaper Headlines For Today, Sunday, 18th May, 2025Top Companies Stocks Trading at 52-Week High on NGXMore Top Opposition Leaders To Join APC Soon – Speaker Abbas RevealsPolice Recover Stolen Vehicle In Niger StateGospel Singer, Peterson Okopi Cheats Death In Ghastly Car Accident [Photos]EFCC Witness, Peter Okoye, Testifies Against Former P-Square ManagerJeremie Frimpong Joins Liverpool In Five-Year Deal‘My Father Was Jailed For Resisting My Enrollment In School’ – AtikuAtiku Abubakar Recounts Surviving Assassination AttemptPresident Tinubu Arrives In Rome For Pope Leo XIV’s InstallationEberechi Eze Shines As Crystal Palace Win FA Cup After Beating Manchester City2027: Malami Urges Supporters To Avoid Inflammatory RemarksHow Will I Build A House And You Ask Me To Vacate It? – Wike Speaks On Leaving PDP29-Year-Old Nigerian Lady Becomes Youngest Mayor In The UKWhy I Will Not Contest Against Tinubu In 2027 – Nyesom WikeKwankwaso Speaks On Plan To Join APCFubara Is My Boy, Why Will I Fight With Him – Wike Discloses Real Culprits He Is Battling With‘I Don’t Work To Compare’ – Wike Speaks On Comparison With El-Rufai As FCT MinisterSouth-East Senate Caucus Raises Alarm Over UTME Technical GlitchesI Turned Down ₦3 Billion Offer For Jarvis To Do A Kissing Scene – PellerFG Drums Support For Boy ChildFG Confirms Arinze-Umobi Acting VC Of UNIZIKYou Will Lose Your Job If I Look For You – Umo Eno Tells AppointeesINEC Publishes Anambra Guber Candidates’ DetailsI Wanted To Call The Prime Minister Of Canada To Help Me Locate You – Tinubu To Alaafin Of OyoTinubu’s Govt Has Turned Shettima To An Agent Solely For Attending Wedding And Burial Ceremonies – APC ChieftainReal Madrid Signs Defender Dean Huijsen From BournemouthSupport Made-In-Nigeria Goods – Akume Urges CitizensNigerian Army Personnel Dismissed Over Alleged Involvement In Armed RobberyFG, States, LGs Share ₦1.681 Trillion For AprilI Was A Child Family Never Wanted – Sydney TalkerForeign Exchange Market: Naira Regains Value Against US DollarWe Are Our Worst Enemies – Igbokwe Blames Nigerian Traders For Hike In Food PricesGov Zulum Shuts Borno IDP Camp Housing 11,000 PeopleIkpeazu’s Spokesman, Ememanka Supports Otti, Dumps PDPTaraba Gov Swears In New Commissioner For EducationDon’t Speak Ill Of Lagos If You Left Your State For The State – CommissionerNBA Insists On Not Refunding ₦300 Million Paid By Rivers Govt‘Do I Look Like Somebody That Is Sick’ – Wike Rubbishes Ill Health ReportISWAP Fighters Kill 23 Farmers, Fishermen In BornoAbia Govt Permanent Secretary, Elefue Is DeadAnambra NBA To Boycott Court Sittings Over Lawyer’s MurderProsecute Politicians Leaving Their Parties, Not Me – Utomi Tells DSSSoludo Allies Begged Tinubu To Endorse Him, But He Refused – South-East APCExpel Cultists Immediately – Gov Diri Tells VCCreate Livestock Ministry In Your States – MACBAN Tells GovernorsDSS Confirms Simon Ekpa Charged With Terrorism In FinlandI Still Support Peter Obi – Obaze‘There Were Rumours That Cows, Vultures And Tortoises Were Buried Inside Govt House’ – Otti’s Aide‘I Will Not Sit Down And Listen To This’ – Fubara And Wike Supporters Openly Clash At Town Hall MeetingWhy Presidential System Of Govt Cannot Work In Nigeria – Tonye ColeDesmond Elliot Opens Up On Reason Behind AMVCA Elephant Print OutfitI Have Not Been To London In The Past Two Years – Umahi Addresses Allegation Of Moving Ministerial Briefing AbroadDetails Of Tinubu’s Meeting With Alaafin Of Oyo EmergeWoman Arrested For Allegedly Biting Off Lover’s Manhood During DisputeFG Clears Two Million Households For Cash Transfer2027: APGA Chieftain, Ukwa Urges Nigerians To Support Peter ObiBlack Market Dollar (USD) To Naira (NGN) Exchange Rate Today 17th May 2025Top Nigerian Newspaper Headlines For Today, Saturday, 17th May, 2025Nigeria Joins European Bank for Reconstruction and Development to Boost EconomyNaira Puts on ‘Show’ Against Dollar in FX MarketNiger to Get Additional $40.9 million Loans from IMFElectricity Shortage Poses Threat to Zambia Economic RecoveryFAAC: FG, States, LGs Share N1.681trn April RevenueGlobal Economy Stands at Fragile Turning Point -UNCustoms Intercepts N1.5bn Contraband in LagosNGX Index Hits All-Time High, Investors Gain N153bnRenaissance Exceeds Oil Output Target by 40 % in One MonthInflation Decline, not by Chance – FGTension As Police Allegedly Kill Female Undergraduate Student In MakurdiPoverty: Obasanjo Calls For Urgent Action, Cites China’s Success2027: We Will Do Everything To Ensure Tinubu’s Re-election – Ex-PDP Guber Candidate, JandorPDP Has Problems Because People Like Atiku Do Not Want It To Succeed – Anakwenze‘PDP In Shreds, There Won’t Be Political Parties In 2027 Election’ – Akpabio Declares
Sun. May 18th, 2025

Saudi Stocks Slammed As War Worries Trump Dead-Crude-Bounce

  • Naira
  • February 14, 2016

Oil’s late week surge provided much buying excitement asd Mid-East equity markets opened with flashing green numbers across every screen. However, by the close, it was a sea of red with Kuwait, Egypt, Amman, and Iraq all lower and Saudi’s Tadawul All Share Index tumbling almost 4% from the opening highs as war worries dragged The Kingdom’s stock market back near 5-year lows.

Not “off the lows”…

Tumbling near 5-year lows…

As Saudi Bank risk begins to rise once again…

Which could not be a total surprise as now SonntagsZeriting reports that Qatari state fund and Saudi Olayan Group are reaching for yield and buying Credit Suisse’s CoCo Bonds that are paying as much as 10% interest.

With China set to re-open today, given the carnage across global markets this week, we wonder what kind of margin collateral chains will get snapped…

Charts: Bloomberg

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