Economy
NASD Investors Grow Wealth by N1.45bn in Five Days
By Adedapo Adesanya
Investors trading unlisted securities at the NASD Over-the-Counter (OTC) Securities Exchange in Nigeria grew their wealth last week by N1.45 billion, data from the exchange showed.
This was helped by the 0.28 per cent weekly growth recorded by the market capitalisation, which closed at N522.39 billion compared with the N520.93 billion achieved in the preceding week.
In the same pattern, the market’s benchmark index, the NASD Unlisted Securities Index (NSI), appreciated by 0.28 per cent or 1.98 points to close at 711.15 points as against 709.17 points of the earlier week.
The bullish outcome was a result of positive movement in the price of the single price gainer, FrieslandCampina Wamco Nigeria Plc, which currently has a market capitalisation of N118.64 billion. The equity price of the company appreciated by 1.49 or 1.24 per cent to close the week at N121.50 per share versus N120.01 per share of the preceding week.
However, there was no price decliner in the five-day trading week.
But the week recorded a drop in the number of deals carried out by market participants, 46.5 per cent or 20 deals as only 23 deals were executed in the week compared with the 43 trades handled in the week before.
Equally, there was a 96.9 per cent decrease in the total value of trades during the week as NASD investors traded a total of N5.4 million worth of stocks compared to N176.8 million in the previous week.
In the same pattern, the volume of transactions reduced by 88.6 per cent to 250,906 units from 2,195,636 units in the previous week.
In terms of top traded securities by volume (week-on-week), Central Securities Clearing System (CSCS) Plc ranked top among three most traded securities with 236,535 units, followed by FrieslandCampina WAMCO Nigeria Plc with 13,117 units and Niger Delta Exploration and Production (NDEP) Plc as the third most traded stock by volume as it exchanged 1,254 units.
CSCS Plc equally ranked top among three most traded securities by value (week-on-week) with N3.3 million, FrieslandCampina WAMCO Plc came next with N1.6 million, while NDEP Plc took the third spot with N376,197.
On a year-to-date note, the bourse closed Week 35 positive with an appreciation of 1.95 per cent and the year-to-date activity chart showed that 7,822,836,144 units of securities worth N10.7 billion have been transacted by investors in 1045 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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