Economy
NASD Posts 0.22% Weekly Loss Despite Recording Eight Price Gainers
By Adedapo Adesanya
Last week, the NASD Over-the-Counter (OTC) Securities Exchange depreciated by 0.22 per cent despite reporting eight price gainers at the close of the five-day trading week.
It was the 34th trading week of the year, but the the market’s capitalisation dropped N10 billion to close at N1.101 trillion versus the preceding week’s N1.111 trillion, as the NASD Unlisted Securities Index (NSI) depreciated by 1.76 points to 785.37 points from the previous week’s 787.13 points.
In the week under review, Food Concepts Plc expanded by 19.8 per cent to close at N1.15 Kobo per share compared with the previous week’s 96 Kobo per share, Aradel Holdings Plc improved by 2.9 per cent to N445.60 per unit from N432.88 per unit, Industrial and General Insurance (IGI) Plc appreciated by 18.2 per cent to end at 13 Kobo per unit from 11 Kobo per unit, and FrieslandCampina Wamco Nigeria Plc jumped by 0.6 per cent to close at N73.96 per share versus the previous week’s N73.51 per share.
Further, Acorn Petroleum Plc rose by 3.9 per cent to 27 Kobo per share from 26 Kobo per share, Geo-Fluids Plc made a 3.6 per cent rise to N2.90 per share from N2.80 per share, and Afriland Properties Plc increased its value by 0.3 per cent to N18.00 per unit from N17.00 per unit.
The volume of shares traded during the week declined by 51.3 per cent to 19.38 million units from 39.76 million units, the value of stocks transacted by investors fell by 22.3 per cent to N449.1 million from N642.2 million, while the number of deals appreciated by 13.98 per cent to 106 deals versus the 93 deals executed in Week 33.
At the close of the week, CSCS Plc was the most traded stock by value with N267.05 million, Aradel Plc traded N211.30 million, FrieslandCampina Wamco Nigeria Plc exchanged N18.35 million, VFD Group Plc transacted N0.98 million while IGI Plc traded N0.46 million.
Also, CSCS Plc was the most traded stock by volume with 14.59 million units, IGI Plc followed with 3.72 million units, Aradel Plc posted 0.49 million units, FrieslandCampina Wamco Nigeria Plc recorded 0.25 million units while UBN Property Plc exchanged 0.12 million units.
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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