Economy
19 Equities Raise Stock Market Value by N17bn
By Dipo Olowookere
The value of stocks on the Nigerian Stock Exchange (NSE), captured by the market capitalisation, increased on Thursday by N17 billion to N12.947 trillion from N12.930 trillion on Wednesday.
Business Post reports that the equity market printed a 0.13 percent growth yesterday with renewed buying interest witnessed during the session as a result of inability of some investors to buy treasury bills the previous day.
On Wednesday, the Central Bank of Nigeria (CBN) auctioned T-bills worth N150.6 billion, but received subscriptions valued at N533.9 billion. Some of the excess amount of from treasuries market chased some value stocks at the local bourse yesterday, especially in the banking and the energy sectors.
This resulted in the banking index rising by 0.65 percent and the energy index growing by 0.68 percent. However, the consumer goods index fell by 0.30 percent, the industrial goods index dropped 0.14 percent, while the insurance index slightly went down by 0.01 percent,
At the close of transactions, the All-Share Index (ASI) improved by 34.4 points to settle at 26,824.50 points from 26,790.10 points, while the year-to-date loss reduced to 14.66 percent.
The volume of shares transacted by investors increased yesterday by 60.02 percent from 189.7 million to 303.8 million, while the value of the trades rose by 15.93 percent from N1.5 billion to N1.7 billion. However, the number of deals decreased by 7.60 percent from 3,410 to 3,151.
Law Union was the most active stock, trading 151.7 million units worth N91.3 million, while UBA followed with 20.4 million units valued at N142.6 million.
Access Bank sold 12.4 million shares valued at N111.7 million, Mutual Benefits traded 11.1 million equities for N2.2 million, while Zenith Bank exchanged 19.4 million shares worth N193.1 million.
A total of 19 stocks led by Cadbury Nigeria appreciated in price on Thursday, while 13 equities led by Dangote Sugar closed with their prices declining.
Cadbury Nigeria gained 90 kobo to close at N9.90 per share, GlaxoSmithKline rose by 55 kobo to finish at N6.25 per unit, UAC Nigeria gained 50 kobo to settle at N7.50 per share, FBN Holdings improved by 30 kobo to trade at N6.80 per unit, while Oando garnered 22 kobo to quote at N3.72 per share.
On the flip side, Dangote Sugar lost 70 kobo to finish at N13.80 per share, C&I Leasing depreciated by 65 kobo to end at N5.95 per unit, Dangote Cement fell by 60 kobo to settle at N143 per unit, Jaiz Bank declined by 6 kobo to close at 63 kobo per share, while Livestock Feeds decreased by 4 kobo to end at 51 kobo per share.
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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