Economy
Nigerian Stocks Rise 0.09% on Improved Investor Confidence
By Dipo Olowookere
The Nigerian Stock Exchange (NSE) recorded a marginal growth on Wednesday.
This was the second growth achieved on the floor of the NSE this week and it also came a day after the Workers’ Day celebration marked on Tuesday, which resulted into the closure of the market for that day.
Business Post reports that there was an increased buying pressure across most counters in the bourse yesterday, indicating an improved investor confidence on the market.
At the close of business, the stock market appreciated slightly by 0.09 percent with the year-to-date returns increasing to 8.01 percent.
Also, the market breadth ended positive with 25 price gainers and 15 price losers.
Mobil Oil Nigeria emerged the biggest price gainer, appreciating by N16.70k to settle at N191.50k per share.
It was followed by Dangote Cement, which increased by N1.90k to close at N247.90k per share, and Presco, which advanced by 70k to finish at N70 per share.
Union Bank grew by 25k to end at N6.50k per share, while Zenith Bank went up by 15k to wrap the day at N27.60k per share.
Conversely, Nestle Nigeria topped the price losers’ chart after going down by N29 to settle at N1570 per share.
It was trailed by Dangote Flour declined by N1.25k to close at N12.05k per share, and Nigerian Breweries, which fell by 90k to end at N129 per share.
Cadbury Nigeria depreciated by 65k to finish at N13.15k per share, while Dangote Sugar reduced by 50k to wrap the day at N20 per share.
However, the volume of transactions recorded on Wednesday declined, while the value of trades appreciated.
A total of 276.2 million shares worth N6.9 billion were traded in 5,327 deals on Wednesday compared with 450.5 million equities valued at N5 billion executed in 4,699 deals.
UBA emerged the most active stock at the market yesterday, trading a total of 52.3 million units worth N610.9 million.
It was followed by GTBank, which sold 42.3 million equities valued at N1.9 billion, and Zenith Bank, which transacted 30.1 million shares for N832.4 million.
Fidelity Bank exchanged 24.1 million shares valued at N60.6 million, while FCMB traded 17.3 million units for N44 million.
For the major market indices yesterday, the All-Share Index (ASI) increased by 38.01 points to close at 41,306.02 points, while the market capitalisation went up by N13.8 billion to finish at N14.962 trillion.
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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