The Weekly Street Note — W30 · 24 Jul 2026

🟢 8 Conviction Buy · 🟡 28 Accumulate · Median score 65.8

Nigeria's monetary authorities are executing a deliberate liquidity contraction, with currency in circulation falling to N5.52 trillion in June even as the naira holds steady at N1,557 to the euro. This paradox—tightening money supply paired with external stability—has sharpened market discrimination between quality compounders and structural laggards. The sectoral response speaks volumes: Construction and Real Estate surged 0.7 points week-on-week as investors rotate toward hard collateral, while Agriculture softened on working capital strain. Healthcare and Natural Resources anchored the ran

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