Economy
Stock Market Witnesses N30.379 billion Transactions in Four Days
By Dipo Olowookere
Transactions worth N30.379 billion were recorded at the Nigerian Exchange (NGX) Limited last week, which had four trading sessions due to the public holiday observed last Wednesday for Eid-el Maulud.
Data obtained by Business Post showed that the stock market posted these trades from the sale of 3.911 billion shares in 38,536 deals.
When compared with the preceding week, which had five trading days, the value of transactions weakened by 36.00 per cent, as investors bought and sold 2.933 billion shares valued at N47.449 billion in 44,654 deals.
A breakdown indicated that the financial services industry led the activity chart with 2.774 billion shares valued at N15.241 billion in 16,379 deals, contributing 70.92 per cent and 50.17 per cent to the total trading volume and value, respectively.
The energy sector followed with 438.508 million shares worth N5.203 billion in 6,258 deals, while the ICT space was in third place with 294.470 million shares worth N4.447 billion in 3,078 deals.
Further analysis revealed that Universal Insurance Plc, Oando Plc and UBA Plc were the busiest equities in the week, accounting for 2.212 billion units worth N8.907 billion in 7,593 deals, contributing 56.56 per cent and 29.32 per cent to the total trading volume and value, respectively.
Last week, 48 equities appreciated in price versus 32 equities in the previous week, 40 shares shed weight versus 53 equities in the earlier week, and 67 stocks closed flat, in contrast to 70 stocks in the previous week.
Sunu Assurances was the best-performing stock as it gained 32.91 per cent to end at N1.05, Ellah Lakes grew by 28.79 per cent to N4.25, eTranzact expanded by 28.57 per cent to N9.45, Chams improved by 19.09 per cent to N1.31, and Abbey Mortgage Bank rose by 17.65 per cent to N2.00.
Conversely, Tantalizers was the worst-performing equity after it dropped 21.05 per cent to sell at 30 Kobo, Guinea Insurance declined by 20.69 per cent to 23 Kobo, McNichols shed 13.33 per cent to settle at 65 Kobo, Unity Bank fell by 11.29 per cent to N1.10, and Secure Electronic Technology depreciated by 10.34 per cent to 26 Kobo.
It was observed that profit-taking dominated the week because were not convinced enough that the new leadership of the Central Bank of Nigeria (CBN) would bring the much-needed positive changes into the foreign exchange (FX) market, with the Naira trading above N1,000/$1 in the unregulated markets.
Consequently, the All-Share Index (ASI) and the market capitalisation depreciated by 0.11 per cent each to 67,324.59 points and N36.847 trillion, respectively.
All other indices finished higher except the NGX 30, NGX Premium, NGX AFR Div Yield, Lotus ll, industrial goods, growth and the pension broad, which went down by 0.13 per cent, 3.45 per cent, 1.72 per cent, 0.12 per cent, 4.80 per cent, 0.36 per cent and 0.14 per cent apiece, as the ASeM index remained unchanged.
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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