Economy
NASD OTC Securities Exchange Extends Gains by 0.11%
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange closed 0.11 per cent higher on Tuesday, August 23, after the value of the trading platform increased by N1.19 billion to N1.113 trillion from N1.112 trillion, and the NASD Unlisted Securities Index (NSI) rose by 0.85 points to end the day at 793.98 points as against 793.13 points it recorded at the previous session.
The positive momentum was sustained during the session due to the fortification of the prices of four securities at the NASD OTC securities exchange.
Aradel Holdings Plc improved its value by N31 yesterday to sell at N460.00 per unit compared with the previous day’s N429.00 per unit, Central Securities Clearing System (CSCS) Plc gained N1.50 to trade at N18.50 per share versus Monday’s closing price of N17.00 per share, Acorn Petroleum Plc appreciated by 1 Kobo to 27 Kobo per share compared with the previous day’s 26 Kobo per share, and Afriland Plc moved up by 1 Kobo to close at N3.36 per unit, in contrast to Monday’s closing price of N3.35 per unit.
The gains recorded by the four unlisted equities overshadowed the N2.20 loss reported by FrieslandCampina Wamco Nigeria Plc, which closed at N74.00 per unit as against the preceding day’s N76.20 per unit.
Yesterday, the volume of securities traded by investors surged by 1,182.8 per cent to 10.2 million units from 789,136 units, the number of deals carried out increased by 172.7 per cent to 30 deals from the 11 deals executed a day earlier, while the value of transactions decreased by 8.1 per cent to N173.9 million from N189.2 million.
CSCS Plc ended the session as the most traded stock by volume (year-to-date) with 1.1 billion units valued at N21.5 billion, Industrial and General Insurance (IGI) Plc was in second place with 636.2 million units worth N51.0 million, and Geo-Fluids Plc was in third place with 631.0 units valued at N1.1 billion.
CSCS Plc remained the most traded stock by value (year-to-date) with 1.1 billion units worth N21.5 billion, VFD Group was in the second spot with 26.4 million units valued at N5.9 billion, and FrieslandCampina Wamco Plc was in third place with 19.3 million units worth N1.4 billion.
Economy
BNB Price Reflects Changing Dynamics in the Digital Asset Market
Economy
NASD Unlisted Security Index Crosses 4,000-point Benchmark Again
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange achieved a milestone on Friday, April 24, 2026, after five securities on the platform helped with a 1.85 per cent growth.
Data showed that the NASD Unlisted Security Index (NSI) again crossed the 4,000-point benchmark yesterday.
The index chalked up 73.64 points during the trading day to close at 4,052.59 points compared with the preceding session’s 3,978.95 points, while the market capitalisation added N5.38 billion to finish at N2.424 trillion versus Thursday’s closing value of N2.380 trillion.
The price gainers were led by Okitipupa Plc, which grew by N25.00 to sell at N305.00 per share compared with the previous price of N280.00 per share. Central Securities Clearing System (CSCS) Plc gained N6.92 to close at N76.26 per unit versus N69.34 per unit, Afriland Properties Plc appreciated by N1.00 to N17.00 per share from N18.00 per share, FrieslandCampina Wamco Nigeria Plc improved by 55 Kobo to N99.55 per unit from N99.00 per unit, and Food Concepts Plc increased by 5 Kobo to N2.70 per share from N2.65 per share.
However, there was a price loser, MRS Oil, which dipped by N21.75 to N195.75 per unit from N217.50 per unit.
During the final session of the week, the value of securities jumped 75.2 per cent to N41.3 million from N23.6 million units, and the number of deals expanded by 62.9 per cent to 44 deals from 27 deals, while the volume of securities declined marginally by 0.9 per cent to 447,403 units from 451,522 units.
At the close of trades, Great Nigeria Insurance (GNI) Plc was the most traded stock by volume (year-to-date) with 3.4 billion units worth N8.4 billion, trailed by Resourcery Plc with 1.1 billion units valued at N415.7 million, and Infrastructure Guarantee Credit Plc with 400 million units traded for N1.2 billion.
GNI was also the most active stock by value (year-to-date) with 3.4 billion units sold for N8.4 billion, followed by CSCS Plc with 59.6 million units transacted for N4.0 billion, and Okitipupa Plc with 27.8 million units exchanged for N1.9 billion.
Economy
Naira Slips to N1,358/$1 as FX Reserves, Policy Uncertainty Concerns
By Adedapo Adesanya
It was not a good day for the Nigerian Naira in the currency market on Friday, April 24, as its value depreciated against the major foreign currencies at the close of transactions.
In the Nigerian Autonomous Foreign Exchange Market (NAFEX), it lost N4.53 or 0.33 per cent against the United States Dollar yesterday to trade at N1,358.44/$1, in contrast to the N1,353.91/$1 it was exchanged on Thursday.
Equally, the domestic currency slipped against the Pound Sterling in the official market during the session by N8.14 to close at N1,834.02/£1, compared with the previous rate of N1,825.88/£1 and dropped N8.01 against the Euro to sell at N1,590.73/€1 versus N1,582.72/€1.
Also, the Naira depreciated against the US Dollar at the GTBank FX desk on Friday by N4 to quote at N1,370/$1 compared with the previous session’s N1,366/$1, and at the parallel market, it depleted by N5 to settle at N1,380/$1 versus the preceding day’s N1,375/$1.
Data published by the Central Bank of Nigeria (CBN) indicated that NFEM interbank turnover surged to N43.562 million across 68 deals, up from N28.117 million the previous day.
Despite the CBN’s reassurance that the recent drop in external reserves is not worrisome, the market remains unsettled by persistent concerns over liquidity constraints, policy transparency, and weakening confidence in Nigeria’s FX market as gross reserves continue to decline to $48.4 billion.
The outlook for the Dollar appears supported by broader macro risks, including elevated oil prices tied to the tanker traffic disruptions in the Strait of Hormuz and a continued US-Iran standoff over ceasefire negotiations.
A look at the digital currency market showed that investors are sitting on the edge as the US Dollar rebounded amid geopolitical and inflation risks despite continued inflows into US spot bitcoin Exchange Traded Funds (ETFs).
Solana (SOL) rose by 1.2 per cent to sell $86.45, Cardano (ADA) appreciated by 1.1 per cent to $0.2517, Dogecoin (DOGE) grew by 0.9 per cent to $0.0989, Ripple (XRP) improved by 0.3 per cent to $1.43, Ethereum (ETH) soared by 0.2 per cent to $2,316.83, and Binance Coin (BNB) chalked up 0.1 per cent to sell for $637.44.
However, TRON (TRX) depreciated by 1.3 per cent to $0.3235, and Bitcoin (BTC) lost 0.2 per cent to close at $77,562.27, while the US Dollar Tether (USDT) and the US Dollar Coin (USDC) closed flat at $1.00 each.
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