Economy
Equities Trading Closes 0.24% Lower as Investors Lose N28b
By Modupe Gbadeyanka
The first trading day of this week on the floor of the Nigerian Stock Exchange (NSE) started on a bearish note on Monday.
This was as the local bourse closed in the red territory after shedding 0.24 percent as a result of profit-taking by investors, which pushed the year-to-date loss deeper to 16.20 percent.
Business Post reports that losses recorded by most sectors of the market contributed to the today’s performance coupled with the low confidence of investors.
At the close of transactions on Monday, the All-Share Index (ASI) depreciated by 76.76 points to settle at 32,048.18 points, while the market capitalisation decreased by N28 billion to close at N11.700 trillion.
A total of 24 counters recorded various losses at the close of business today, with Unilever Nigeria leading the pack after shedding N2.50k to close at N39.50k per share.
Following was Nigerian Breweries, which went down by N2.30k to end at N80 per share, and CCNN, which crashed by N1.90k to finish at N18.35k per share.
NNFM lost 50 kobo today to end at N4.85k per share, while Ecobank reduced by 45 kobo to finish at N15.55k per share.
On the flip side, Nestle Nigeria led the 17 stocks on the price gainers’ chart on Monday after rising by N20 to settle at N1380 per share.
Seplat gained N15 to finish at N640 per share, while Presco added N5.90k to its share price to close at N65.75k per share.
UAC of Nigeria grew by 90 kobo to close at N9.90k per share, while Cadbury Nigeria also appreciated by 90 kobo to finish at N9.90k per share.
It was observed that the volume of equities transacted at the stock market on Monday decreased by 33.99 percent from 239.1 million to 157.8 million, while the value also reduced by 38.56 percent from N2.9 billion to N1.8 billion.
The darling of investors at the market today was Access Bank, trading a total of 18.9 million units for N156.5 million to top the activity chart.
It was followed by FCMB, which sold 14.5 million shares worth N22.9 million, and GTBank, which exchanged 13.1 million units for N498.9 million.
Wapic Insurance traded 13 million equities for N5.2 million, while FBN Holdings transacted 12.6 million shares valued at N93.1 million.
At the close of business, the Financial Services sector led the activity chart with 131.2 million equities worth N1.2 billion, while the Oil And Gas industry trailed with 6 million shares sold for N46 million.
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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