Economy
Investors, Traders Stake N31.508bn on 2.966 billion Equities in Five Days
By Dipo Olowookere
The Nigerian Exchange (NGX) Limited recorded a turnover of 2.966 billion equities valued at N31.508 billion executed in 42,482 deals last week versus the 2.872 billion equities worth N132.811 billion carried out in 39,867 deals in the preceding week.
Traders and investors were paid attention to financial shares, which led the activity chart with 1.485 billion units worth N17.965 billion in 19,613 deals, contributing 50.05 per cent and 57.02 per cent to the total trading volume and value, respectively.
Services stocks trailed with the sale of 1.108 billion units valued N775.258 million in 2,675 deals, and agriculture equities traded 93.904 million units worth N1.250 billion in 2,517 deals.
Tantalizers, Coronation Insurance, and Fidelity Bank were the most traded stocks at the bourse in the five-day trading week with 1.625 billion units worth N3.908 billion in 1,814 deals, contributing 54.80 per cent and 12.40 per cent to the total trading volume and value, respectively.
MeCure Industries topped the gainers’ table in the week with a price appreciation of 19.53 per cent to close at N10.10, University Press gained 17.51 per cent to trade at N2.55, Lasaco Assurance expanded by 17.39 per cent to N2.70, Fidelity Bank rose by 13.08 per cent to N14.70, and PZ Cussons grew by 11.61 per cent to N19.70.
Conversely, Tripple Gee topped the losers’ chart after it lost 59.56 per cent to settle at N2.01, DAAR Communications declined by 25.00 per cent to 57 Kobo, Africa Prudential weakened by 13.15 per cent to N9.25, Regency Assurance fell by 12.20 per cent to 72 Kobo, and Tantalizers shed 10.45 per cent to close at 60 Kobo.
In the week, 29 equities appreciated versus 45 equities in the previous week, 52 stocks depreciated compared with 33 stocks a week earlier, and 70 shares closed flat versus 73 shares in the preceding week.
Business Post reports that the All-Share Index (ASI) and the market capitalisation appreciated week-on-week by 0.09 per cent to 97,606.63 points and N56.088 trillion apiece.
Similarly, all other indices finished higher except the Main Board, AFR Bank Value, consumer goods, Lotus II and industrial goods indices which depreciated 0.28 per cent, 1.12 per cent, 1.25 per cent, 0.16 per cent and 0.13 per cent, respectively while the ASeM and sovereign bond indices 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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