Economy
NGX All-Share Index Hits Historic Milestone of 69,236.19 points
By Dipo Olowookere
The All-Share Index (ASI) of the Nigerian Exchange (NGX) Limited reached a historic milestone of 69,236.19 points on Tuesday after it appreciated by 1.65 per cent or 1,124.48 points. In the preceding trading session, it closed at 68,111.71 points.
The improvement in the stock exchange’s benchmark index on the last trading day of October 2023 was buoyed by the sustained bargain-hunting activities yesterday due to the impressive Q3 earnings of companies on the bourse.
The persistent buying pressure increased the market capitalisation of NGX by N618 billion at the close of transactions to N38.039 trillion from N37.421 trillion.
Business Post reports that the consumer goods counter encountered selling pressure, leading to a 0.02 per cent decline, but this did not affect the overall outcome of Customs Streets.
This was because the insurance index appreciated by 1.87 per cent, the banking space grew by 0.94 per cent, and the industrial goods sector went up by 0.09 per cent, while the energy counter closed flat.
Investor sentiment remained strong on Tuesday as the market breadth index was positive, with 40 price gainers and 25 price losers.
Airtel Africa gained 10.00 per cent to close at N1,540.10, Cadbury Nigeria expanded by 9.92 per cent to N13.85, Northern Nigerian Flour Mills rose by 9.92 per cent to N19.95, Chams rose by 9.90 per cent to N2.22, and ABC Transport improved by 9.72 per cent to 79 Kobo.
On the flip side, Beta Glass depreciated by 9.93 per cent to trade at N60.30, University Press shed 9.79 per cent to close at N2.12, Ellah Lakes fell by 9.56 per cent to N3.50, Sovereign Trust Insurance slumped by 8.82 per cent to 31 Kobo, and Learn Africa declined by 8.79 per cent to N3.01.
At the market yesterday, investors traded 483.3 million shares valued at N6.1 billion in 8,027 deals versus the 430.4 million shares worth N8.3 billion in 7,656 deals, representing a decline in the trading value by 26.51 per cent, an increase in the trading volume by 12.29 per cent, and a rise in the number of deals of 4.85 deals.
The most active stock of the trading day was Japaul, which sold 155.6 million units for N181.9 million. UBA traded 33.9 million units worth N688.2 million, Zenith Bank exchanged 29.9 million units valued at N996.5 million, Access Holdings transacted 27.4 million units worth N468.7 million, and Chams traded 22.5 million units valued at N48.1 million.
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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