Economy
NASD OTC Bourse Rises 1.86% in Week 22
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange rose by 1.86 per cent in Week 22 of the 2025 trading year as investors carried out 133 deals involving 16 different stocks.
In the five-day trading week, the NASD Unlisted Security Index (NSI) added 60.00 points to close at 3,248.00 points compared with the preceding week’s 3,188 points. Similarly, the bourse’s market capitalisation added N34.69 billion to close at N1.901 trillion versus the N1.867 trillion it ended the previous week.
In the week, FrieslandCampina Wamco Nigeria Plc gained 11.2 per cent to end at N55.17 per share versus N43.93 per share, Afriland Properties Plc grew by 1.8 per cent to N19.25 per unit compared with the previous week’s N17.50 per unit, Central Securities Clearing System (CSCS) Plc rose by 0.6 per cent to N26.80 per share from N26.25 per share, Infrastructure Bank jumped by 0.3 per cent to N2.83 per unit from N2.57 per unit, Food Concepts Plc added 0.2 per cent to close at N1.65 per share versus N1.50 per share, Geo-Fluids Plc expanded by 0.1 per cent to N2.64 per unit from N2.53 per unit, and Industrial and General Insurance (IGI) Plc increased by 2.94 per cent to 35 Kobo per share from 34 Kobo per share.
Air Liquide Plc was the most active stock by value last week with N4.2 billion, followed by FrieslandCampina Wamco Plc with N638.8 million, Paintcom Plc recorded N285.2 million, CSCS Plc posted N28.9 million, and Nipco Plc recorded N4.9 million.
Also, Air Liquide Plc was the most traded stock by volume with 506.2 million units, trailed by Paintcom Plc with 26.6 million units, FrieslandCampina Wamco Plc recorded 15.8 million, CSCS Plc traded 1.1 million units, and Nipco Plc exchanged 0.024 million units.
On the flip side, 11 Plc dipped by 10.1 per cent to N231.20 per unit from N241.33 per unit, Nipco Plc lost 0.08 per cent to end at N199.80 per share versus N199.88 per share, and First Trust Microfinance Bank Plc decreased by 0.02 per cent to 59 Kobo from 61 Kobo.
During the week, the value of transactions rose by 2,068.2 per cent to N5.1 billion from N237.0 million and the volume of trades surged by 1,157.2 per cent to 551.0 million units from 43.8 million units.
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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