Economy
Last Trading Session in November on NSE Closes 0.45% Higher
By Dipo Olowookere
The Nigerian Stock Exchange (NSE) appreciated by 0.45 per cent on Monday, which was the last trading session in November 2020.
The growth was boosted by a renewed interest in insurance stocks, though the market breadth ended negative as a result of the 29 price losers and 17 price gainers.
The benchmark index, the All-Share Index (ASI), which started the day at 34,885.51 points, inched up by 156.63 points to settle at 35,042.14 points.
Likewise, the market capitalisation, which measures the total value of equities on the exchange, closed at N18.310 trillion after adding N82 billion to the opening value of N18.228 trillion.
During the session, the trading volume increased by 118.38 per cent to 415.5 million units from 190.3 million in the last session. Also, the trading value grew by 47.05 per cent to N4.9 billion from N3.3 billion, while the number of deal appreciated by 32.47 per cent to 5,267 deals from 3,976 deals.
The most active stock of the day was Multiverse Mining and Exploration, which traded 84.0 million units valued at N16.8 million.
Zenith Bank transacted 47.0 million equities worth N1.1 billion, Transcorp traded 34.1 million shares for N34.3 million, Access Bank exchanged 29.9 million units worth N256.1 million, while Mutual Benefits traded 21.6 million stocks valued at N4.7 million.
The best-performing stock yesterday was Airtel Africa, which gained N53.5 to settle at N588.50 per unit and was trailed by MTN Nigeria, which appreciated by 20 kobo to sell for N155.20 per share.
AIICO Insurance rose by 10 kobo to trade at N1.10 per unit, Union Bank appreciated by 10 kobo to finish at N5.60 per share, while FCMB gained 8 kobo to quote at N3.33 per unit.
For the worst-performing equity, it was GTBank as its value went down by N1.80 to close at N33.20 per share and was trailed by BUA Cement, which lost N1 to trade at N55 per share.
Unilever Nigeria depreciated by 80 kobo to close at N12.95 per share, Northern Nigerian Flour Mills declined by 77 kobo to settle at N6.93 per share, while Fidson dropped 54 kobo to sell at N4.93 per unit.
On the insurance and energy sectors appreciated yesterday by 1.63 per cent and 0.01 per cent respectively as the banking space lost 2.49 per cent, the industrial goods counter dropped 0.68 per cent, while the consumer goods index declined by 0.44 per cent.
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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