Economy
NASD Investors Gain N12.34bn in One Week
By Adedapo Adesanya
Traders of unlisted stocks in Nigeria gained about N12.34 billion on the floor of the NASD Over-the-Counter (OTC) Securities Exchange last week, the 25th trading week of 2023.
This was because the alternative bourse appreciated by 1.36 per cent on a week-on-week basis as the demand for stocks on the platform increased, according to data gathered by Business Post.
Consequently, the market capitalisation of the trading platform increased to N1.038 trillion from the N1.026 trillion it closed in the preceding week, as the NASD Unlisted Securities Index (NSI) went up by 10.08 points to wrap the week at 750.82 points compared with 740.74 points recorded at the previous week.
In the week, there was a 1,833.8 per cent surge in the total value of transactions to N1.5 billion from N80.2 million, the volume of trades similarly jumped by 86.9 per cent to 25.2 million units from 13.5 million units in the previous week, and the number of deals decreased by 15.8 per cent to 96 trades from the 114 trades posted a week earlier.
Central Securities Clearing System (CSCS) Plc, FrieslandCampina Wamco Nigeria Plc, UBN Property Plc, and Purple Real Estate were the price gainers of the week, while Niger Delta Exploration and Production (NDEP) Plc and Afriland Properties Plc were the price losers.
CSCS Plc gained 15.3 per cent to sell at N18.10 per unit compared with the earlier week’s value of N15.70 per unit, FrieslandCampina Wamco Plc appreciated by 1.4 per cent to N70.96 per share from N70.00 per share, UBN Properties Plc improved by 3.3 per cent to 95 Kobo per share from 92 Kobo per share, and Purple Real Estate Plc rose by 0.2 per cent to N5.21 per unit from N5.20 per unit.
On the flip side, NDEP Plc dropped 0.3 per cent to quote at N250.12 per share versus N250.83 per share, and Afriland Properties Plc depleted by 0.4 per cent to close at N2.62 per unit versus N2.63 per unit.
At the close of the week, VFD Group Plc was the most traded stock by value with N1.4 billion, NDEP Plc followed with N125.4 million, FrieslandCampina Wamco Nigeria Plc posted N24.7 million, Purple Real Estate Plc recorded N12.5 million, and UBN Property Plc sold N11.9 million.
UBN Property Plc finished the week as the most traded security by volume with 12.5 million units, VFD Group Plc traded 6.1 million units, Purple Real Estate Plc exchanged 2.4 million units, Geo-Fluid Plc transacted 2.00 million units, and CSCS Plc traded 670,000 units.
In the year so far, NASD investors have traded 1.77 billion units of securities worth N7.39 billion in 1,658 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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