Economy
Local Stocks Regain 1.35% on Renewed Buying Interests
By Dipo Olowookere
Renewed buying interests from investors lifted the Nigerian Exchange (NGX) Limited on Tuesday by 1.35 per cent, with consumer goods and banking stocks attracting the buys.
The consumer goods sector gained 1.14 per cent, the banking counter appreciated by 0.63, while the industrial goods index grew by 0.02 per cent. However, the insurance sector lost 0.04 per cent, while the energy sector closed flat.
The dominance of the bulls increased the All-Share Index (ASI) by 675.72 points to close at 50,626.04 points versus Monday’s 49,950.32 points. On its part, the market capitalisation went up by N365 billion to finish at N27.301 trillion in contrast to the previous day’s N26.936 trillion.
At the market yesterday, nine stocks depreciated in price compared with the 19 stocks that gained points and were led by Honeywell Flour, which rose by 9.66 per cent to N2.27. Jaiz Bank appreciated by 9.46 per cent to 81 Kobo, Caverton improved by 8.18 per cent to N1.19, Japaul expanded by 8.00 per cent to 27 Kobo, while Axa Mansard rose by 7.56 per cent to N1.85.
Conversely, McNichols was the biggest price loser as its value went down by 9.76 per cent to settle at 74 Kobo, Coronation Insurance fell by 9.76 per cent to 37 Kobo, Chams depreciated by 8.00 per cent to trade at 23 Kobo, NGX Group declined by 2.73 per cent to sell at N21.35, while UBA decreased by 2.08 per cent to close at N7.05.
During the session, investors bought and sold 129.2 million equities worth N2.9 billion in 4,706 deals in contrast to the 176.1 million equities worth N2.3 billion transacted in 4,965 deals a day earlier. This showed that the trading volume fell by 26.63 per cent, the number of deals fell by 5.22 per cent, while the trading value increased by 25.99 per cent.
FBN Holdings was the most traded stock on Tuesday as it sold 14.6 million units valued at N159.6 million, Multiverse transacted 9.5 million units worth N18.0 million, GTCO sold 9.4 million units valued at N191.0 million, Zenith Bank exchanged 9.3 million units worth N196.3 million, while AIICO Insurance traded 6.4 million units valued at N3.8 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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