Economy
Equity Market Rebounds to Slightly Rise by 0.02%
By Modupe Gbadeyanka
The Nigerian Stock Exchange (NSE) closed in the green zone on Wednesday after it went down on Tuesday due to profit taking.
At the close of the mid-week trading, the equity market marginally rose by 0.02 percent to leave the year-to-date return at 36.22 percent.
Business Post reports that the All-Share Index (ASI) slightly increased by 8.69 points to settle at 36,608.76 points, while the market capitalisation appreciated by N7.3 billion to finish at N12.75 trillion.
It was observed that the volume and value of shares transacted by investors today increased broadly as a total of 331.3 million shares were traded on Wednesday in 3,231 deals worth N5.6 billion, against 258 million shares exchanged on Tuesday in 3,423 deals valued at N3.3 billion.
Union Bank of Nigeria sold the highest number of shares today, trading 70.7 million units worth N480.2 million.
Custodian and Allied traded 55.2 million shares valued at N207 million, and Tantalizers transacted 43 million shares for N21.5 million.
In addition, UBA sold 31 million shares valued at N302.2 million, while Fidelity Bank exchanged 28.4 million shares worth N45.3 million.
But at the close of transactions on Wednesday, the market breadth closed negative with 17 stocks recording various gains, compared with 23 depreciating equities.
The highest price gainer at the stock market today was Nestle, which increased by N38.84k to settle at N1300 per share.
Unilever followed with N2.15k gain to close at N39.95k per share, while Zenith Bank rose by 31k to finish at N24.55k per share.
Dangote Sugar improved by 12k to end at N15.42k per share, and International Breweries went up by 10k to close at N51.80k per share.
At the other end, Nigerian Breweries emerged the biggest price loser on the floor of the NSE on Wednesday, going down by N4 to finish at N130 per share.
It was trailed by GlaxoSmithKline, which went down by N2.45k to close at N22.80k per share, and Flour Mills of Nigeria, which depreciated by N1.65k to end at N31.50k per share.
Julius Berger shed N1.33k to close at N28 per share, while UAC of Nigeria declined by 65k to finish at N16.35k per share.
Investors are upbeat that the gains recorded on the floor of the NSE today would be consolidated tomorrow when market activities resume.
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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