Economy
Friesland Further Buries NASD Exchange by 0.43%
By Adedapo Adesanya
FrieslandCampina WAMCO Nigeria Plc overpowered three price gainers at the NASD Over-the-Counter OTC Securities Exchange on Monday to leave the unlisted securities market bloodied by 0.43 per cent.
The loss recorded by the milk maker ensured that the NASD unlisted security index (NSI) further depleted by 3.26 points yesterday to 749.04 points from 752.30 points recorded at the previous session.
It also caused the market capitalisation of the exchange to reduce by N2.27 billion to N532.43 billion from N534.70 billion it closed last Friday.
Business Post reports that Friesland lost 2.7 per cent or N3.23 during the session to settle at N118 per share compared with N121.23 per share of the preceding session.
On the gainers’ chart, Niger Delta Exploration and Production (NDEP) Plc appreciated by N4 or 1.4 per cent to close at N296.64 per unit versus the previous N292.48 per unit.
Nigerian Exchange (NGX) Group Plc gained 6 kobo or 0.3 per cent to close at N21.23 per share as against the previous N21.17 per share, while Central Securities Clearing System (CSCS) Plc appreciated by 2 kobo or 0.1 per cent to close at N17.55 per unit compared with last Friday’s N17.53 per unit.
During the trading day, there was an 82.4 per cent drop in the volume of securities traded as investors exchanged 1.0 million units of securities in contrast to the 5.9 million units of securities traded last Friday.
Likewise, there was a 78.7 per cent decline in the value of shares transacted as investors traded N35.8 million worth of stocks in contrast to the N167.5 million worth of stocks exchanged at the preceding session.
Also, there was a 38.0 per cent decrease in the number of deals carried out at the market on Monday as 44 deals were executed compared with 71 deals executed when the market last opened for trading activities.
NGX Group accounted for 24 deals, NDEP Plc and Friesland accounted for six deals each, CSCS Plc recorded two deals, while Afriland Properties Plc and Air Liquide Plc made one deal apiece.
At the close trading yesterday, NGX Group was the most traded stock by volume (year-to-date) with 241.8 million units worth N5.5 billion. Swap Technologies and Telecomms Plc was in second place with 46.6 million units worth N41.0 million, while CSCS Plc held the third position with 28.6 million units worth N444.2 million.
Also, NGX Group was the most active stock by value (year-to-date) with 241.8 million worth N5.5 billion, followed by NDEP Plc with 2.8 million units worth N864.1 million and Friesland with 5.7 million units worth N721.1 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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