Economy
NAHCO Loses 33.73% in One Week After Bonus Share
By Dipo Olowookere
The share price of Nigerian Aviation Handling Company (NAHCO) Plc depreciated by 33.73 per cent last after the qualification date for the 41 Kobo dividend payment and bonus share of one to five proposed by the board.
Business Post reports that in the five-day trading week, the value of the company’s equities declined to N5.50 per unit compared with the preceding week’s N8.30 per unit.
It was one of the 36 stocks that depreciated in price in the week, higher than the 32 stocks of the previous week as Caverton lost 16.79 per cent to trade at N1.14. Honeywell Flour crashed by 14.55 per cent to N2.35, FTN Cocoa depleted by 14.29 per cent to 30 Kobo, while Nigerian Breweries went down by 10.92 per cent to N49.75.
In the week, prices of 19 equities appreciated, lower than 20 equities of the earlier week. Cornerstone Insurance gained 26.32 per cent to settle at 72 Kobo, Seplat rose by 10.00 per cent to N1430.50, Linkage Assurance grew by 9.43 per cent to 58 Kobo, The Initiates expanded by 9.09 per cent to 48 Kobo, while RT Briscoe increased by 8.11 per cent to 40 Kobo.
The selling pressure affected the outcome of the Nigerian Exchange (NGX) Limited in the week as the All-Share Index (ASI) and the market capitalisation shed 0.45 per cent week-on-week to close at 51,979.92 points and N28.031 trillion respectively.
Similarly, all other indices finished lower with the exception of the insurance, MERI growth, oil/gas, growth and sovereign bond indices which appreciated by 1.81 per cent, 1.01 per cent, 3.80 per cent, 0.41 per cent and 0.15 per cent, while the ASeM index remained unchanged.
Last week, traders bought and sold 917.190 million shares worth N14.803 billion in 19,513 deals, higher than the 504.322 million shares valued at N7.517 billion transacted a week earlier in 12,393 deals.
A breakdown showed that financial stocks accounted for 70.63 per cent and 42.27 per cent of the total trading volume and value after recording the sale of 648.207 million units valued at N6.258 billion in 9,293.
Consumer goods stocks traded 102.605 million units worth N3.211 billion in 3,016 deals, while conglomerates equities recorded the sale of 36.218 million units worth N193.474 million in 562 deals.
UBA, GTCO and Access Holdings were the busiest stocks with a turnover of 355.624 million units valued at N4.120 billion traded in 3,486 deals, accounting for 38.77 per cent and 27.83 per cent of the total trading volume and value respectively.
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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