Economy
Investors Stake N75.745bn on 6.468 billion Stocks in Five Days
By Dipo Olowookere
Last week, investors bought and sold 6.468 billion shares worth N75.745 billion in 48,804 deals compared with the 2.717 billion shares valued at N54.632 billion traded in 46,848 deals in the preceding week.
The financial services industry led the activity chart with 5.666 billion stocks valued at N44.263 billion traded in 23,268 deals, contributing 87.60 per cent and 58.44 per cent to the total trading volume and value, respectively.
The energy sector followed with 245.722 million stocks worth N15.877 billion in 9,057 deals, and the third place was the agriculture counter with 216.422 million stocks sold for N1.087 billion in 1,653 deals.
Sovereign Trust Insurance, Consolidated Hallmark and UBA accounted for 3.839 billion equities worth N20.905 billion in 5,652 deals, contributing 59.36 per cent and 27.60 per cent to the total trading volume and value, respectively.
The week was marred with selling pressure, leaving the All-Share Index and the market capitalisation of the Nigerian Exchange (NGX) Limited depressed by 0.20 per cent to 97,236.19 points and N58.920 trillion, respectively.
All other indices finished higher with the exception of NGX Main Board, NGX 30, Lotus II and the industrial goods which depreciated by 0.48 per cent, 0.17 per cent, 0.08 per cent, and 0.02 per cent, respectively while the ASeM index closed flat.
Business Post reports that 31 equities appreciated during the week versus 39 equities in the preceding week, 42 equities depreciated versus 45 equities in the previous week, and 79 equities remained unchanged, in contrast to 68 equities a week earlier.
Eunisell topped the gainers’ chart after it grew by 45.91 per cent to N8.20, John Holt gained 45.76 per cent to trade at N4.81, Conoil rose by 37.35 per cent to N260.00, Sovereign Trust Insurance chalked up 21.05 per cent to quote at 69 Kobo, and Consolidated Hallmark jumped by 14.86 per cent to N1.70.
Oando, on its part, topped the losers’ gang after it shed 21.97 per cent to settle at N69.95, Abbey Mortgage Bank declined by 18.15 per cent to N2.66, Deap Capital weakened by 14.40 per cent to N1.07, Tantalizers crumbled by 12.50 per cent to 56 Kobo, and Meyer retreated by 9.98 per cent to N7.67.
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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