Economy
Investors Increase Investment in Nigerian Stocks
By Modupe Gbadeyanka
Last week, investors increased their investment in Nigerian stocks as the recent bull run has continued to attract many to join the market.
During the five-day trading week, more money was pumped into the Nigerian Stock Exchange (NSE) for the acquisition of stocks from various sectors of the market.
At the close of transactions, a total of 1.7 billion shares worth N18.9 billion exchanged hands in 26,367 deals compared with the 926.4 million shares worth N9.8 billion transacted in 20,910 deals the preceding week.
An analysis of the trades by Business Post showed that traders were attracted more to financial stocks, which led the activity chart with 1.3 billion units valued at N11.4 billion traded in 13,808 deals, contributing 74.08 percent and 60.28 percent to the total equity turnover volume and value respectively.
Other major sectors investors looked into were the industrial goods and the healthcare sectors, which traded 102.4 million shares worth N3.2 billion in 2,956 deals and 99.6 million shares worth N493.4 million in 1,194 deals respectively.
A further breakdown indicated that Zenith Bank, Access Bank and FBN Holdings shares were the most attractive in the week, accounting for 673.1 million units worth N6.8 billion in 5,927 deals, contributing 39.18 percent and 36.09 percent to the total equity turnover volume and value respectively.
In the end, 55 equities appreciated in price during the week, higher than 32 equities in the previous week, while 8 equities depreciated in price, lower than 28 equities in the previous week, with 100 equities closing flat, lower than 103 equities recorded in the preceding week.
Unilever Nigeria ended the week as the best performing stock, gaining 33.86 percent to settle at N17 per unit.
Red Star Express grew by 26.67 percent to end at N3.80 per share, BUA Cement appreciated by 23.42 percent to close at N39 per share, Mobil Oil closed 20.92 percent higher to N213.90 per share, while UAC Nigeria gained 20.14 percent to close at N8.35 per share.
On the flip side, Arbico was the worst performing stock, losing 9.91 percent to close at N2.09 per share.
Afromedia depreciated by 9.68 percent to finish at 28 kobo per share, Royal Exchange lost 9.09 percent to finish at 20 kobo per share, LASACO Assurance fell 7.41 percent to close at 25 kobo per share, while Cornerstone Insurance depreciated by 6.78 percent to end at 55 kobo per share.
According to data from the exchange, both the All-Share Index (ASI) and the market capitalisation appreciated by 5.59 percent wee-on-week to close at 25,204.75 points and N13.136 trillion respectively. Also, all other indices finished higher except the NSE ASeM, which closed flat.
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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