Economy
Financial Stocks Remain Most Traded as NSE Index Stays Down
By Modupe Gbadeyanka
Despite the volume and value of shares traded by investors on the floor of the Nigerian Stock Exchange (NSE) significantly appreciating on Wednesday, the local bourse still finished in the negative territory.
There were notable sell-offs witnessed on the bellwether counters in the Industrial Goods and Consumer goods sectors.
The volume of equities transacted today increased by 19.49 percent from 409.2 million to 489 million, while the total value of stocks exchanged improved by 44.03 percent from N3.9 billion to N5.6 billion.
Business Post reports that the Financial Services sector led the activity chart with 339.9 million shares exchanging hands for N2.8 billion, while the Oil and Gas industry followed with 77.4 million shares traded for N76 million.
African Alliance Insurance emerged the most traded stock, selling a total of 82.8 million units worth N20.4 million.
Japaul Oil followed with 75.6 million shares traded for N42.3 million, and Fidelity Bank sold 63.9 million for N151.4 million.
Zenith Bank exchanged 29.6 million equities worth N837.7 million, while FBN Holdings transacted 28.8 million shares valued at N344.3 million.
At the close business activities on Wednesday, the stock market went down by 0.46 percent with the year-to-date return depreciated to 9.50 percent.
Specifically, the All-Share Index (ASI) lost 190.93 points to settle at 41,495.43 points, while the market capitalisation reduced by N69 billion to finish at N14.844 trillion.
The market breadth closed negative today with 19 equities recording price appreciation while 35 stocks depreciated at the stock market.
Guinness Nigeria was the day’s biggest price gainer, improving by N4.80k to settle at N105 per share.
It was trailed by GlaxoSmithKline, which rose by N1.5k to finish at N22.5k per share, and Dangote Flour, which increased by 75k to close at N15.75k per share.
CCNN advanced by 50k to end at N18.75k per share, while NASCON also moved up by 50k to finish at N20.50k per share.
On the flip side, Nestle Nigeria suffered the heaviest loss after going down by N30 to close at N1350 per share.
Lafarge went down by N3.30k to finish at N47.5k per share, while Stanbic IBTC depreciated by N2.15k to end at N46 per share.
Cadbury Nigeria declined by N1.35k to settle at N12.65k per share, while Nigerian Breweries fell by N1.20k to wrap the day at N126 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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