Economy
Champion Breweries Stocks Record 49.52% Spike in Value
By Dipo Olowookere
Champion Breweries stocks appreciated by 49.52 per cent week-on-week on the floor of the Nigerian Exchange (NGX) Limited as it closed the week as the best performer at N3.14.
The company’s equities recorded a significant increase in demand as well as FBN Holdings, which witnessed growth in value by 29.59 per cent to trade at N12.70.
Royal Exchange grew by 12.28 per cent to 64 kobo, while Transcorp Hotels gained 9.94 per cent to sell for N5.97, with International Breweries rising by 9.89 per cent to N5.00.
When trading on the exchange closed for the week last Friday, a total of 45 shares were on the gainers’ chart, higher than the 42 on the same table the previous week.
In the week, 15 equities depreciated in price, lower than 26 equities in
the previous week, with Learn Africa on top of the log after its equity price went down by 18.71 per cent to N1.26.
Ikeja Hotel fell by 7.89 per cent to N1.05, ABC Transport dropped 5.88 per cent to 32 kobo, University Press declined by 5.06 per cent to N1.50, while Chams depleted by 4.35 per cent to 22 kobo.
Business Post reports that the All-Share Index (ASI) and market capitalisation appreciated last week by 1.39 per cent and 1.54 per cent to 41,438.15 points and N21.625 trillion respectively, while all other indices finished higher with the exception of the ASeM index which closed flat.
Data showed that the turnover for the week stood at 2.8 billion shares worth N31.7 billion traded in 23,355 deals in contrast to the preceding week’s 2.2 billion shares worth N22.0 billion transacted in 22,438 deals.
A breakdown showed that financial stocks accounted for 2.4 billion units valued at N26.4 billion traded in 13,884 deals, contributing 85.56 per cent and 83.54 per cent to the total trading volume and value respectively.
Furthermore, consumer goods equities accounted for 170.4 million units worth N1.7 billion in 3,350 deals, while conglomerates shares recorded a turnover of 69.0 million shares worth N133.4 million in 625 deals.
The three most traded stocks in the week were FBN Holdings, GTCO and Ecobank, accounting for 1.8 billion units worth N23.4 billion in 5,981 deals, contributing 64.61 per cent and 73.84 per cent to 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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