Economy
University Press Witnesses 20.59% Rise in Stock Price
By Dipo Olowookere
The stock price of University Press Plc witnessed a 20.59 per cent rise on the floor of the Nigerian Exchange (NGX) last week.
In the four-day trading sessions, as a result of the public holiday observed on Friday, October 1, 2021, the value of the company’s equities closed at N1.23 in contrast to N1.02 it traded a week earlier.
The firm topped the gainers’ chart, which had 33 members last week, higher than 28 of the preceding week.
Dangote Cement appreciated in the week by 14.29 per cent to N280.00, Presco gained 9.93 per cent to sell for N80.25, Skyway Aviation rose by 9.88 per cent to N4.45, while Pharma Deko grew by 9.81 per cent to N2.35.
On the flip side, there were 22 price losers, lower than 23 of the earlier week and on top of the chart was Axa Mansard, which depreciated by 29.82 per cent to N2.33.
Julius Berger went down by 10.00 per cent to N24.30, Vanleer (Grief Nigeria) declined by 9.92 per cent to N5.45, Chams lost 8.70 per cent to 21 kobo, while Japaul decreased by 8.33 per cent to 44 kobo.
In the week, Business Post observed that a total of 100 equities traded flat, lower than 104 equities recorded in the previous week.
In the terms of the general outcome of the market, the All-Share Index (ASI) and the total value of shares on the exchange appreciated by 3.23 per cent and 3.57 per cent to close the week at 40,221.17 points and N20.956 trillion respectively.
Similarly, all other indices finished higher with the exception of the insurance index, which fell by 7.58 per cent, while the ASeM and growth indices closed flat.
In the week, a total of 2.2 billion shares worth N16.2 billion in 14,377 deals were traded by investors in contrast to the 1.3 billion shares worth N13.9 billion transacted in 16,745 deals a week earlier.
As usual, financial stocks were the most active with 778.4 million units valued at N5.6 billion traded in 7,183 deals, contributing 35.60 per cent and 34.55 per cent to the total trading volume and value respectively.
It was followed by services shares with a turnover of 775.7 million units valued at N2.9 billion transacted in 416 deals, while consumer goods equities recorded 448.7 million units worth N4.0 billion in 2,257 deals.
A breakdown showed that Transcorp Hotels, Honeywell Flour and FBN Holdings were the most traded stocks with 1.5 billion units valued at N6.9 billion in 1,017 deals, accounting for 68.33 per cent and 42.91 per cent of the total trading volume and value respectively.
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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