Economy
Local Stocks Shed 0.21% as year-to-date Gain Shrinks to 2.41%
By Dipo Olowookere
The ley trading indices of the Nigerian Exchange (NGX) were in the red territory on Tuesday, which was the first trading day of the new month, November.
Business Post reports that local stocks depreciated by 0.21 per cent during the session, shrinking the year-to-date gain to 2.41 per cent at the close of transactions.
Data showed that the All-Share Index (ASI) went down by 93.35 points to 43,745.73 points from 43,839.08 points as the market capitalisation depleted by N51 billion to close at N23.827 trillion, in contrast to the previous day’s N23.878 trillion.
A total of 172.9 million shares worth N4.0 billion were traded in 4,110 deals yesterday compared with the 161.1 million shares worth N3.5 billion in 4,258 deals transacted on Monday, indicating a decline in the number of deals by 3.48 per cent, an increase in the trading volume by 7.32 per cent and an improvement in the trading value by 15.68 per cent.
Access Holdings was the most traded stock by selling 24.7 million units, Sterling Bank exchanged 22.0 million units, Transcorp transacted 15.2 million, UBA traded 13.8 million units, and Zenith Bank sold 9.6 million units.
The industrial goods and the banking sectors appreciated by 1.33 per cent and 0.07 per cent, respectively, while the energy, consumer goods, and insurance counters fell by 4.31 per cent, 1.58 per cent, and 0.43 per cent, apiece.
Investor sentiment remained weak on Tuesday as the market breadth closed negative with the closure of 18 stocks on the losers’ chart and 15 stocks on the gainers’ table.
Julius Berger was the worst-performing stock as it lost 9.46 per cent to trade at N23.45, Seplat fell by 8.33 per cent to N1,1000.00, Chams declined by 8.00 per cent to 23 Kobo, Linkage Assurance went down by 7.69 per cent to 36 Kobo, and University Press decreased by 6.15 per cent to N1.68.
On the flip side, NAHCO gained 9.35 per cent to quote at N6.20, Regency Assurance grew by 4.35 per cent to 24 Kobo, UPDC improved by 4.21 per cent to 99 Kobo, AIICO Insurance rose by 3.64 per cent to 57 Kobo, and Lasaco Assurance jumped by 3.57 per cent to trade at 87 Kobo.
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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