Economy
Dangote Sugar, 15 Others Hedge Stock Exchange by 0.02%
By Dipo Olowookere
What could have been another loss at the Nigerian Stock Exchange (NSE) on Tuesday was averted following the late comeback of some equities.
Sixteen stocks at the market managed to closed positive, helping the bourse to finish marginally higher by 0.02 per cent.
Dangote Sugar, which was the highest price gainer, appreciated by 30 kobo to finish at N12.60 per share, while Flour Mills, which was the next in line rose by 20 kobo to settle at N18.50 per unit.
UBA gained 15 kobo to trade at N6.65 per share, University Press appreciated by 11 kobo to sell for N1.22 per unit, while United Capital appreciated by 10 kobo to quote at N3.20 per share.
At the market yesterday, there were 13 price losers and they were topped by Conoil, which lost N1.65 to finish at N15.25 per share.
Ardova depreciated by N1.35 to close at N12.60 per share, Nigerian Breweries declined by N1 to N35 per unit, Oando decreased by 24 kobo to N2.24 per share, while Fidson lost 21 kobo to sell for N3.79 per share.
Business Post reports that trading activities improved yesterday as a total of 271.0 million stocks valued at N2.5 billion were traded by investors in the session in 3,693 deals.
At the previous session, a total of 161.2 million equities worth N1.9 billion were transacted by investors in 3,597 deals, indicating 68.08 per cent, 33.30 per cent and 2.67 per cent rise in the trading volume, value and the number of deals respectively.
Zenith Bank was the most traded stock of the day, transacting 35.8 million units valued at N600.2 million and was trailed by GTBank, which exchanged 35.3 million equities worth N877.0 million.
LASACO transacted 33.1 million equities for N9.9 million, Access Bank traded 23.7 million shares valued at N152.1 million, while Transcorp exchanged 15.5 million stocks for N9.4 million.
On a sectorial level, the insurance and banking sectors helped the market yesterday, appreciating by 0.89 per cent and 0.52 per cent respectively.
However, the oil/gas sector lost 1.83 per cent, the consumer goods index fell by 0.12 per cent, while the industrial goods space depreciated by 0.02 per cent.
For the All-Share Index (ASI), it improved by 3.82 points to 25,136.49 points from 25,132.67 points, while the market capitalisation gained N2 billion to close at N13.113 trillion in contrast to N13.111 trillion it ended the previous day.
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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