Economy
Bargain Hunters Assist Equities With N38bn Gain
By Dipo Olowookere
Activities of bargain hunters lifted the nation’s equity market on Tuesday by 0.30 percent as investors used the opportunity of stocks trading at low prices to increase their holdings.
The stock market closed in the positive for the first time in four trading sessions yesterday as a result of buying pressure on some blue-chip stocks.
At the close of transactions, the gains boasted the All-Share Index (ASI) by 72.03 points to 24,098.08 points from 24,026.05 points. It equally inflated the market capitalisation by N38 billion to N12.571 trillion from N12.533 trillion.
Data from the Nigerian Stock Exchange (NSE) showed that GTBank was the most traded equity at the market yesterday, transacting 19.7 million units worth N413.8 million.
Access Bank exchanged 13.0 million shares for N81.1 million, MTN Nigeria traded 10.2 million stocks valued at N1.2 billion, UBA transacted 10.2 million equities for N62.0 million, while Japaul Oil exchanged 9.6 million shares worth N2.1 million.
In total, 155.5 million stocks valued at N2.6 billion were traded by investors on the exchange on Tuesday in 4,060 deals.
At the previous session, market participants transacted 189.7 million stocks worth N2.8 billion in 4,216 deals, indicating 18.01 percent, 6.61 percent and 3.70 percent decline in the trading volume, value and number of deals respectively.
Airtel Africa was the highest price gainer of the trading day, appreciating by N11.60 to close its share value at N328.70 per share.
BUA Cement gained N1 to finish at N40.90 per share, Zenith Bank chalked up 30 kobo to settle at N16.35 per unit, Red Star Express garnered 29 kobo to close at N3.26 per unit, while share price of PZ Cussons improved by 20 kobo to quote at N4.20 per unit.
At the losers’ end, Okomu Oil claimed the top spot after shedding N7.70 to close at N69.70 per unit, while Unilever Nigeria was next in line with a N1.35 loss to finish at N12.45 per share.
MRS Oil also depreciated by N1.35 to settle at N12.45 per share, MTN Nigeria depleted by N1 to quote at N115 per unit, while Dangote Cement further lost N1 to trade at N126 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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