Economy
Nigerian Exchange Ends July With 0.42% Growth Amid Sell-Offs
By Dipo Olowookere
The last trading day of July on the floor of the Nigerian Exchange (NGX) Limited struggled to end on a positive note on Thursday with a 0.42 per cent appreciation.
This was because the market witnessed heavy sell-offs yesterday, resulting in the stock exchange closing with 28 appreciating equities and 54 depreciating equities, implying a negative market breadth index and weak investor sentiment.
The growth recorded during the session was buoyed by buying interest in mid and large-cap stocks, especially UAC Nigeria, which is becoming the darling of investors because of its acquisition of the Chivita and Hollandia brands of CHI Limited from Coca-Cola.
According to data from Customs Street, Wema Bank and UAC Nigeria topped the gainers’ table after they chalked up 10.00 per cent each to sell for N22.00, and N80.30 apiece, Guinness Nigeria expanded by 9.96 per cent to N117.05, SAHCO rose by 9.95 per cent to N90.05, and MeCure improved by 9.69 per cent to N15.85.
Conversely, AXA Mansard lost 10.00 per cent to trade at N11.70, Learn Africa crashed by 10.00 per cent to N6.30, FTN Cocoa depreciated by 10.00 per cent to N5.67, The Initiates also eased by 10.00 per cent to N13.50, and Ikeja Hotel contracted by 9.96 per cent to N20.80.
But, when the bourse closed for the session, the All-Share Index (ASI) was up by 584.85 points to 139,863.52 points from 139,278.67 points and the market capitalisation went up by N370 billion to N88.425 trillion from N88.055 trillion.
Business Post reports that the level of transactions increased during the trading day after the sale of 1.1 billion shares worth N33.7 billion in 37,370 deals compared with the 922.0 million shares valued at N35.4 billion traded in 36,423 deals at midweek, representing an increase in the trading volume and number of deals by 19.31 per cent, and 2.60 per cent, respectively, and a 4.80 per cent depreciation in the trading value.
FCMB was the busiest equity after it transacted 121.5 million units for N1.2 billion, Universal Insurance traded 91.6 million units valued at N71.7 million, Fidelity Bank exchanged 81.1 million units worth N1.7 billion, Regency Alliance sold 64.5 million units worth N51.9 million, and Royal Exchange traded 47.1 million units valued at N79.6 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.
-
Feature/OPED6 years agoDavos was Different this year
-
Travel/Tourism10 years ago
Lagos Seals Western Lodge Hotel In Ikorodu
-
Showbiz3 years agoEstranged Lover Releases Videos of Empress Njamah Bathing
-
Banking8 years agoSort Codes of GTBank Branches in Nigeria
-
Economy3 years agoSubsidy Removal: CNG at N130 Per Litre Cheaper Than Petrol—IPMAN
-
Banking3 years agoSort Codes of UBA Branches in Nigeria
-
Banking3 years agoFirst Bank Announces Planned Downtime
-
Sports3 years agoHighest Paid Nigerian Footballer – How Much Do Nigerian Footballers Earn

Pingback: Nigerian Exchange Ends July With 0.42% Growth Amid Sell-Offs – PRIMA NEWS