Economy
N14b Stocks Exchange Hands in One Week as Index Sheds 2.64%
By Dipo Olowookere
A total turnover of 1.265 billion shares worth N14.074 billion in 19,278 deals were traded last week by investors on the floor of the Nigerian Stock Exchange (NSE) in contrast to a total of 1.647 billion shares valued at N8.413 billion that exchanged hands the previous week in 14,773 deals.
This was as the All-Share Index (ASI) and market capitalisation depreciated by 2.64 percent to close the week at 29,830.70 points and N11.124 trillion respectively.
Similarly, all other indices finished lower with the exception of the NSE Industrial Goods index that rose by 1.00 percent while the NSE ASeM index closed flat.
During the week, the Financial Services industry (measured by volume) led the activity chart with 1.072 billion shares valued at N8.795 billion traded in 12,287 deals, contributing 84.73 percent and 62.49 percent to the total equity turnover volume and value respectively.
The Conglomerates sector followed with 83.595 million shares worth N155.485 million in 750 deals, while the third place was Consumer Goods industry with a turnover of 50.537 million shares worth N3.432 billion in 2,576 deals.
Trading in the top three equities; Diamond Bank, FBN Holdings and Custodian Investment (measured by volume) accounted for 465.000 million shares worth N2.044 billion in 2,448 deals, contributing 36.75 percent and 14.53 percent to the total equity turnover volume and value respectively.
During the week, 22 equities appreciated in price, the same with 22 in the previous week, while 44 equities depreciated in price, lower than 45 of the previous week, and 103 equities remained unchanged, higher than 97 equities recorded in the preceding week.
Business Post reports that Julius Berger topped the gainers’ chart with 22.15 percent rise to close at N28.40k per share.
Diamond Bank followed with a growth of 12.22 percent to end at N2.02k per unit, and Transcorp, which gained 11.21k to settle at N1.29k per share.
WAPIC rose by 10 percent to finish at 44 kobo per unit, while Cornerstone Insurance also appreciated by 10 percent to finish at 22 kobo per share.
On the other side, NEM Insurance emerged the biggest price loser, going down by 33.46 percent to settle at N1.73k per share.
Resort Savings & Loans depreciated by 26 percent to end at 37 kobo per unit, while Unity Bank declined by 17 percent to close at 83 kobo per share.
Custodian Investment fell by 13.11 percent to close at N5.30k per share, while Flour Mills went down by 11.67 percent to settle at N19.30k per unit.
Also traded during the week were a total of 15,288 units of Exchange Traded Products (ETPs) valued at N236,445.40 executed in 4 deals compared with a total of 395 units valued at N816,344.70 that was transacted the previous week in 13 deals. In addition, a total of 17,996 units of Federal Government Bonds valued at N18.426 million were traded in the week in 10 deals compared with a total of 7,209 units valued at N6.958 million transacted a week earlier in 8 deals.
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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