Economy
Airtel Africa Tops Price Gainers Chart as Index Picks 1.28%
By Dipo Olowookere
The second largest telecommunications company in Nigeria, Airtel Africa Plc, led the price gainers table on Friday after adding N26.50k to its share value to settle at N350 per unit.
The stock was among the 31 counters that appreciated during the trading session as against the eight equities which depreciated.
It was the first price appreciation shares of the telco were recording this week and in a long time since they were admitted on the Nigerian Stock Exchange (NSE) Tuesday, July 9, 2019.
Seplat occupied the second position after going up by N10 to finish at N460 each, Okomu Oil gained N4.25k to settle at N48.40k per share, Forte Oil improved by N1.20k to end at N16.55k per unit, while Cadbury Nigeria increased by 85 kobo to close at N10.75k per share.
At the other side, Stanbic IBTC picked the top spot after shedding 75 kobo to close at N35 per share, while Lafarge Africa followed with a loss of 15 kobo to end at N14.70k per share.
Oando went down by 11 kobo to finish at N3.80k per unit, Champion Breweries declined by 8 kobo to close at N1.30k per share, while Axa Mansard decreased by 4 kobo to finish at N1.71k per unit.
At yesterday’s trading session, the market closed 1.28 percent with the market capitalization increasing by N171.5 billion to close at N13.523 trillion, while the All-Share Index (ASI) appreciated by 352.36 points to settle at 27,779.00 points.
The level of transactions improved at the market with the number of deals, volume of trades and the value of shares exchanged by investors increasing by 16.12 percent, 43.25 percent and 206.82 percent respectively.
Business Post reports that a total of 165.3 million shares worth N2.6 billion were traded in 3,270 deals in contrast to the 115.4 million equities worth N854.3 million transacted in 2,816 deals on Thursday.
GTBank was the most actives stock at the session with a turnover of 42.5 million shares worth N1.2 billion sold, with Zenith Bank trailing with 22.5 million equities worth N427.8 million.
Mutual Benefits Assurance traded 13.4 million stocks valued at N2.8 million, UBA exchanged 12.4 million equities for N77.4 million, while FBN Holdings transacted 8.8 million shares worth N47.8 million.
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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