Economy
Friesland, UBN Property Slice N8.38bn From Unlisted Stock Exchange
By Adedapo Adesanya
The unlisted stock exchange in Nigeria closed the first trading session of this week in bearish territory on Monday on the back of profit-taking spurred by uncertainties in the macroeconomic environment.
Business Post reports that the NASD Over-the-Counter (OTC) Securities Exchange sank by 0.89 per cent at the close of transactions yesterday due to selling pressure on FrieslandCampina Wamco Nigeria Plc and UBN Property Plc.
The milk manufacturer lost N4.06 during the session to close at N64.94 per share compared with the preceding session’s N69.00 per share, and the real estate firm depreciated by 8 Kobo to finish at 73 Kobo per unit, in contrast to last Friday’s price of 81 Kobo.
The poor performance of the duo trimmed the market capitalisation of the bourse yesterday by N8.38 billion to N930.61 billion from N938.99 billion and slashed the NASD Unlisted Securities Index (NSI) by 6.38 points to wrap the session at 708.22 points compared with 714.60 points in the previous session.
The activity chart and the outcome of the key performance indicators clearly showed that the exchange was under selling pressure.
The volume of transactions witnessed a significant surge, 1,578.6 per cent, as investors bought and sold 2.2 million units of securities compared with the 135,116 units of securities transacted in the previous trading session.
Likewise, the value of shares traded at the session rose by 27 per cent to N13.1 million from N10.3 million, while the number of deals increased by 154.6 per cent to 28 deals from the 11 deals executed in the preceding session.
UBN Property Plc ended the day as the most traded stock by volume on a year-to-date basis, with 4.3 million units valued at N3.2 million, followed by FrieslandCampina Wamco Nigeria Plc with 411,998 units worth N27.6 million, and VFD Group Plc with 401,410 units valued at N97.9 million.
However, the most active stock by value (year-to-date) was VFD Group Plc, with 401,410 units worth N97.9 million, trailed by FrieslandCampina Wamco Nigeria Plc with 411,998 units valued at N27.6 million, and Nipco Plc with 107,398 units worth N6.4 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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