Economy
NASD Investors Count N9.1bn Loss in One Week
By Adedapo Adesanya
The 46th week of trading at the NASD Over-the-Counter (OTC) Securities Exchange saw investors lose N9.1 billion as trading activity declined in the five-day trading week.
According to the weekly NASD market review and analysis by Business Post, the market capitalisation dropped to N616.04 billion from N625.55 billion in week 45.
Also, the NASD Security Index (NSI) fell by 11.51 points to close at 745.65 points in contrast to 757.16 points.
Two stocks were responsible for the decline printed by the alternative exchange in Nigeria led by UBN Property Plc, which depreciated by 9.1 per cent to sell for 90 kobo per share compared with the preceding week’s 99 kobo per share.
The second price loser was FrieslandCampina Wamco Nigeria Plc as its price declined by 7.3 per cent to trade at N120.52 per unit in contrast to the previous week’s rate of N130.00 per unit.
In the week, only one price gainer was recorded and this was Niger Delta Exploration and Production (NDEP) Plc and it gained 0.7 per cent to sell for N228.99 per share in contrast to N227.34 per share of the earlier week.
On the activity chart, the trading value depleted by 34.4 per cent to N16.9 million from N25.8 billion, the trading volume dropped 26.9 per cent to 782,454 units from 1.1 million units, while the number of deals went down by 23.4 per cent to 36 deals from 47 deals carried out in the preceding week.
Last week, UBN Property Plc was the most traded stock by volume with 600,000 units, FrieslandCampina WAMCO Nigeria Plc closed with 71,794 units, CSCS Plc traded 71,440 units, NDEP Plc recorded 28,360 units, Food Concepts Plc exchanged 10,500 units.
On the flip side, FrieslandCampina WAMCO Nigeria was the most traded stock by value with a turnover of N8.6 million, followed by NDEP Plc with N6.5 million, CSCS Plc with N1.3 million, UBN Property Plc with a turnover of N540,000 and VFD Group Plc with a turnover of N9,450.
In the year so far, NASD investors have transacted a total of 12.8 billion units worth N29.9 billion in 4797 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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