Economy
CSCS, NDEP Extend NASD OTC Gains on Tuesday
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange continued its gains from the Monday session to Tuesday, June 16 as the major market barometers rose by 1.35 percent.
Heavyweights like the Central Securities Clearing Systems (CSCS) Plc and Niger Delta Exploration and Production (NDEP) Plc inspired the growth posted by the unlisted securities market yesterday.
The oil and gas company recorded the highest gain as its stock price rose by 8.61 percent or N25.66 kobo to close at N298.01 per unit from N272.35 per share on Monday.
On its part, the second advancer, CSCS Plc, saw its stock price rise by 3.33 percent equivalent to 45 kobo from N13.05 per share to N13.45 per unit.
At the previous session, another market hardliner, FrieslandCampina WAMCO Nigeria Plc, led the market into the positive zone as it pushed the market capitalisation to N510.95 billion. On Tuesday, the total market size of the bourse increased by N6.9 billion or 1.35 percent to N517.85 billion.
Following the same trend, the NASD Unlisted Security Index (NSI) also rose by 1.35 percent or 9.4 points to close at 704.98 points as against 695.58 points it recorded at the previous session.
On the activity log, the total volume of trades recorded on Tuesday grew by 1,146 percent to 154,550 units from the 12,400 units recorded at the preceding session.
Likewise, the total value of the transactions appreciated by 1,202 percent to N16.8 million from the previous day’s N1.3 million.
However, the number of deals depreciated by 37.5 percent as there were only five deals executed by market participants during the session. At the previous session, a total of eight deals were carried out by investors.
The five deals of yesterday were executed by NDEP Plc (three deals) and CSCS Plc (two deals).
Also, from the N16.8 million worth of shares traded at the market on Tuesday, NDEP Plc accounted for N15.5 million, while CSCS Plc contributed N1.35 million.
When activities were wrapped up on Tuesday at the NASD OTC market, ARM Life Plc was still the most active stock by volume (year-to-date) with 7.4 billion units of its shares traded for N4.6 billion, while CSCS Plc followed with 196 million units worth N2.6 billion, with Food Concept Plc transacting 110 million units of its shares worth N77 million.
In terms of the most traded equity by value (year-to-date), ARM Life Plc was also on top of the chart with 7.4 billion units of its shares transacted for N4.6 billion. CSCS Plc occupied the second spot with 196 million units exchanged for N2.6 billion, while NDEP Plc was in third place with 7.8 million units of its securities valued at N2.4 billion.
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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