Economy
Champion Breweries Maintains Upward Trajectory, Rises 59.49% in One Week
By Dipo Olowookere
The positive performance witnessed lately around the shares of Champion Breweries Plc continued last week with a price appreciation of 59.49 per cent. During the five-day trading session, the brewer closed at N3.11 per unit compared with N1.95 per unit it finished the earlier week.
This upward trajectory was sustained on the back of the demand for the shares of the company, following information that its major shareholder, Heineken International, which also controls a larger stake in Nigerian Breweries, increased its control in the firm with the purchase of N5 billion stocks.
This has pushed the appetite for the company’s equities higher because of what Heineken could transform the organisation into.
Also last week, news of the federal government putting down N10 billion for the manufacturer of COVID-19 vaccines in Nigeria triggered buying pressure on Fidson and May & Baker, pushing the value of their respective stock higher by 30.11 per cent and 27.40 per cent to N6.05 per share and N4.65 per share.
In the week, Portland Paints grew by 20.69 per cent to settle at N3.50 per unit, while Julius Berger appreciated by 19.84 per cent to close at N22.65 per unit.
At the close of transactions, a total of 41 equities appreciated in price, lower than 53 equities in the previous week.
Business Post reports that there were price losers in the week; 34, higher than 29 equities in the previous week.
Leading the chart was Veritas Kapital Assurance, which fell by 28.57 per cent to end at 20 kobo per share, Sovereign Trust Insurance went down by 21.21 per cent to settle at 26 kobo per share, Academy Press lost 17.50 per cent to close at 33 kobo per unit, Niger Insurance depreciated by 14.81 per cent to finish at 23 kobo per unit, while Universal Insurance dropped 13.04 per cent to trade at 20 kobo per unit.
When trading activities were wrapped up for the week, the All-Share Index (ASI) and the market capitalisation of the Nigerian Stock Exchange (NSE) appreciated by 3.442 per cent respectively to close the week at 42,412.66 points and N22.187 trillion.
Similarly, all other indices finished higher with the exception of the oil/gas, which depreciated by 7.25 per cent while the ASeM and Growth indices closed flat.
A total of 2.6 billion shares worth N27.9 billion in 31,466 deals were traded by investors on the floor of the exchange, in contrast to a total of 4.3 billion shares valued at N26.0 billion that exchanged hands in 32,849 deals.
The financial services industry led the activity chart with 1.5 billion shares valued at N12.7 billion traded in 14,324, contributing 58.22 per cent and 45.53 per cent to the total equity turnover volume and value respectively.
The conglomerates followed with 363.3 million shares worth N821.4 million in 1,722 deals, while consumer goods recorded a turnover of 220.8 million shares worth N4.0 billion in 5,952 deals.
Trading in Transcorp, Union Bank and Zenith Bank accounted for 633.3 million shares worth N5.6 billion in 3,947 deals, contributing 24.64 per cent and 20.20 per cent to the total equity turnover 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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