Economy
Industrial, Banking Stocks Lift NSE Index Slightly by 0.06%
By Modupe Gbadeyanka
The positive performance recorded by stocks in the industrial and banking sectors provided the needed energy for the Nigerian Stock Exchange (NSE) to open week on a bullish note.
The equity market, at the close of business on Monday, marginally went up by 0.06 percent as a result of gains recorded by the GTBank and Dangote Cement. These two stocks also lifted their respective sectors by 0.43 percent and 0.56 percent.
Business Post reports that the stock market also reacted to the impressive Q1 earnings of some companies released today, whetting investors’ appetite to add more stocks to their portfolios.
By the time market activities were brought to close today, the volume and value of transactions recorded on the floor of the NSE on Monday increased.
A total of 450.5 million shares exchanged hands in 4,699 deals worth N5 billion in contrast to 319.3 million equities traded last Friday in 3,863 deals valued at N2.8 billion.
This was boosted by the huge interest investors had in the shares of Mutual Benefit Assurance, selling a total of 131 million units worth N31.4 million.
It was followed by UBA, which traded 67.8 million shares valued at N781.1 million, and FBN Holdings, which transacted 53.6 million equities worth N670.3 million.
Zenith Bank traded 23.6 million shares for N648.5 million, while Transcorp sold 16.2 million equities worth N27 million.
Business Post reports further that the market breadth ended positive today with 19 price gainers and 18 price losers.
Beta Glass topped the price gainers’ chart with N3.75k added to its share value to settle at N79.25k per share.
It was trailed by Julius Berger, which increased by N1.15k to end at N28.5k per share, and Dangote Cement, which rose by N1 to finish at N246 per share.
CCNN appreciated on Monday by 95k to close at N20.45k per share, while GTBank went up by 65k to end at N45 per share.
On the flip side, Nestle Nigeria suffered the heaviest loss after going down by N16 to end the day at N1599 per share.
Dangote Sugar went down by 90k to close at N20.50k per share, while Dangote Flour depreciated by 70k to end at N13.30k per share.
Also, Flour Mills declined by 70k to finish at N34.50k per share, while Total Nigeria reduced by 40k to settle at N222.20k per share.
A close look at the market indices today showed that the All-Share Index (ASI) increased by 23.12 points to settle at 41,268.01 points, while the market capitalisation added N8.4 billion to finish at N14.949 trillion.
Investors are optimistic the positive result achieved today the market is continued on Wednesday when the trading activities resume on the NSE. The market will remain closed tomorrow as workers stay away from work to mark their day.
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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