Economy
Investors Trade N2.9bn Stocks as NSE Index Rises 0.29%
By Dipo Olowookere
There was an improvement in the level of activity at the Nigerian Stock Exchange (NSE) as the low prices of equities attracted investors to the market.
This led to the 49.47 percent increase in the volume of trades, 19.65 percent growth in the value of transactions and 28.04 percent rise in the number of deals executed by market participants.
At the market yesterday, a total of 331.0 million stocks valued at N2.9 billion exchanged hands in 5,544 deals compared with 221.4 million equities worth N2.5 billion transacted in 4,330 deals at the previous session.
These trades were mainly from the banking and industrial goods sector. Access Bank was the most attractive to investors, trading 83.6 million units worth N522.8 million.
Zenith Bank traded 54.9 million shares valued at N842.9 million, Sterling Bank transacted 33.7 million equities for N43.4 million, FBN Holdings exchanged 20.5 million shares valued at N101.1 million, while Lafarge Africa traded 16.2 million units for N182.8 million.
Business Post reports that bargain hunting witnessed yesterday lifted the market by 0.29 percent and pushed the All-Share Index (ASI) higher by 70.42 points to 23,941.75 points from 23,871.33 points. It also increased the market capitalisation by N481 billion to N2.929 trillion from N2.448 trillion.
A look at the sectoral performance showed that the gains of yesterday were boosted by industrial goods, which grew by 0.94 percent, and the banking sector, which rose by 0.51 percent.
The consumer goods index fell on Monday by 1.41 percent, insurance counter lost 1.08 percent, while the oil/gas space depreciated marginally by 0.08 percent.
On the price movement chart, there were 25 price gainers and 13 price losers, with Okomu Oil closing as the highest price gainer with a price appreciation of N5.50 to settle at N60.55 per share.
MTN Nigeria grew by N1.50 to close at N111 per unit, Unilever Nigeria gained N1 to sell at N13.70 per share, Lafarge Africa appreciated by 65 kobo to quote at N11.35 per unit, while GlaxoSmithKline improved by 45 kobo to trade at N6.80 per unit.
On the losers’ chart, Guinness Nigeria led the log with a price depreciation of 50 kobo to settle at N17 per share, while May & Baker declined by 12 kobo to sell at N3 per unit.
Ecobank went down by 10 kobo to sell at N4.90 per share, Fidelity Bank deflated by 6 kobo to N1.74 per share, while FBN Holdings decreased by 5 kobo to quote at N4.90 per unit.
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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