Economy
NASD Investors Gain N7.6bn in Week 6
By Adedapo Adesanya
The bearish environment at the NASD Over-the-Counter (OTC) Securities Exchange ended last week with space recording the first weekly growth this year.
This saw portfolios of investors growing by N7.57 billion in the week as a result of the 1.45 per cent appreciation the unlisted securities market achieved in the week.
In view of this, the NASD OTC market capitalisation closed at N527.98 billion compared to N520.41 billion it finished at the previous week.
Likewise, the NASD Security Index (NSI) moved up by 10.55 points to settle at 735.84 points as against the 725.29 points of the preceding week.
Business Post reports that the bullish movement was triggered by the price appreciation in the shares of two of the stocks listed on the bourse.
FrieslandCampina Wamco Nigeria Plc gained 8.9 per cent in the week to close at N132.80 per unit compared with the earlier week’s N122.00 per unit, while Afriland Properties Plc rose by 0.7 per cent to finish at N1.39 per unit versus N1.3 per unit of the preceding week.
In the week, there were also price losers as Niger Delta Exploration and Production (NDEP) Plc lost 3.6 per cent to settle at N308.50 per unit compared with the previous N320.00 per unit, while Central Securities Clearing System (CSCS) Plc declined by 1.1 per cent to sell for N16 per unit in contrast to N16.18 it ended a week earlier.
On the activity chart, there was a 213.4 per cent increase in the total value of shares traded by investors during the week to N84.3 million versus N26.9 million of the previous week.
Also, the total trading volume increased by 16.1 per cent to 1.3 million units from 1.1 million units, while the number of deals, however, decreased by 6.5 per cent to 29 deals from 31 deals of the preceding week.
In the week, CSCS Plc was the most active stock by volume with 551,800 units. UBN Property Plc traded 401,000 units, NDEP Plc transacted 208,955 units, FrieslandCampina WAMCO Plc exchanged 76,511 units, while Afriland Plc traded 50,000 units.
In terms of the most active stock by value, NDEP Plc led the chart with N64.7 million, FrieslandCampina WAMCO Nigeria Plc sold N10.1 million, CSCS Plc traded N8.8 million, UBN Property Plc transacted N505,260, while Afriland Plc exchanged N69,500.
At the close of transactions for the sixth trading session of the year, investors have traded, on a year-to-date (YtD) basis, 21.3 million shares worth N486.2 million in 171 deals.
Also, the unlisted securities market has recorded a year-to-date loss of 0.8 per cent.
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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