Economy
Dangote Flour Lifts Equity Market by 0.14%
By Dipo Olowookere
The Nigerian Stock Exchange (NSE) ended on a positive note on Monday after news of Olam presenting a revised bid for the acquisition of Dangote Flour Plc hit the market.
The equity market, which was heading south at mid-day, reversed the losses to close 0.14 percent higher to shrink the year-to-date loss to 11.97 percent.
At the end of the day, the All-Share Index (ASI) increased by 38.92 points to finish at 27,669.38 points, while the market capitalisation appreciated by N19 billion to settle at N13.484 trillion.
Despite the gains yesterday, sentiments at the market remained mixed as the volume of shares transacted by investors improved by 73.64 percent, while the value decreased by 70.65 percent.
A total of 280.7 million equities worth N1.4 billion were traded yesterday compared with the 161.7 million stocks valued at N4.8 billion exchanged in the previous session.
Sterling Bank was the most active stock at the market yesterday, closing with the turnover of 198.7 million units sold for N436.7 million.
It was followed by Zenith Bank, which transacted 19.4 million shares valued at N353.9 million, and Dangote Flour, which exchanged 7.5 million equities worth N152.2 million.
Ecobank traded 7.2 million shares at the market on Monday for N51.9 million, while FBN Holdings exchanged 6 million equities worth N33 million.
On the price movement chart, Dangote Flour took charge of the gainers’ chart with a price appreciation of N1.85k to finish at N20.35k per unit.
MTN Nigeria gained N1.25k to end at N128.25k per share, CCNN improved by 65 kobo to close at N13 per unit, NCR appreciated by 50 kobo to settle at N5.80k per share, while BOC Gas also increased its share price by 50 kobo to quote at N5.57k per unit.
On the flip side, Ecobank topped the losers’ table after going down by 80 kobo to finish at N7.20k per share, while Dangote Sugar followed with a price depreciation of 20 kobo to end at N9.80k per unit.
FBN Holdings also went down by 20 kobo to finish at N5.40k per unit, NPF Microfinance Bank depreciated by 11 kobo to exchange at N1.18k per share, while Access Bank fell by 10 kobo to sell at N6.10k 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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