Economy
FCMB, Access Holdings, Universal Insurance Lead Activity Chart in Five Days
By Dipo Olowookere
Last week on the floor of the Nigerian Exchange (NGX) Limited, the trio of FCMB, Access Holdings, and Universal Insurance led the activity chart with the sale of 1.249 billion shares worth N14.277 billion in 10,359 deals, contributing 39.17 per cent and 14.32 per cent to the total trading volume and value, respectively.
In the five-day trading week, investors bought and sold 3.188 billion shares valued at N99.685 billion in 132,711 deals compared with the 3.117 billion shares sold for N90.295 billion transacted in 118,018 deals in the preceding week.
Data showed that the financial services industry led the activity chart with 2.282 billion shares valued at N38.812 billion traded in 57,934 deals, contributing 71.59 per cent and 38.94 per cent to the total trading volume and value, respectively.
The consumer goods space recorded a turnover of 198.393 million shares worth N12.836 billion in 17,508 deals, and the energy sector transacted 186.744 million shares valued at N35.173 billion in 8,811 deals.
Business Post observed that Customs Street was busy last week because traders mopped up shares stocks trading at lower prices, resulting in the higher turnover, with the All-Share Index (ASI) and the market capitalisation growing by 1.12 per cent to 140,545.69 points and N88.922 trillion, respectively.
In the same vein, all other indices finished higher while the NGX AseM index closed flat.
eTranzact was the best-performing equity in the week rising by 45.15 per cent to sell for N14.95, Regency Assurance appreciated by 27.69 per cent to N1.66, Chellarams soared by 26.67 per cent to N13.50, DAAR Communications expanded by 23.26 per cent to N1.06, and Royal Exchange gained 22.34 per cent to trade at N2.30.
Conversely, Union Dicon slipped by 18.33 per cent to N9.80, Thomas Wyatt declined by 16.33 per cent to N2.51, Secure Electronic Technology slumped by 10.42 per cent to 86 Kobo, Nigerian Enamelware shrank by 10.00 per cent to N35.10, and May and Baker plunged by 9.97 per cent to N16.25.
At the close of business, 70 equities appreciated versus 19 equities in the previous week, 22 stocks depreciated versus 64 stocks a week earlier, and 55 shares closed flat versus 64 shares in the preceding week.
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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