Economy
NASD OTC Exchange Gains 0.63% in 18th Trading Week of 2025
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange rose by 0.63 per cent in Week 18 of the 2025 trading year, supported by gains posted by five stocks on the platform.
Just like in the previous week, there were four trading days last week due to the Workers’ Day holiday, and over these days, investors carried out 130 deals in 19 stocks.
Data indicated that the value of transactions went down by 98.9 per cent to N105.9 million from the preceding week’s N9.9 billion and the volume of trades shrank by 99.6 per cent to 14.5 million units from 3.9 billion units in the previous week.
The most active stock by value in the week was FrieslandCampina Wamco Nigeria Plc with N70.7 million, Afriland Properties Plc recorded N13.6 million, Geo-Fluids Plc traded N13.0 million, Capital Hotels Plc posted N6.0 million, and IPWA Plc reported N2.0 million.
Geo-Fluids Plc was the most traded stock by volume with 6.4 million units, IPWA Plc transacted 4.0 million units, FrieslandCampina Wamco Nigeria Plc recorded 1.9 million, Capital Hotels Plc traded 1.2 million units, and Afriland Properties Plc exchanged 0.902 million units.
The NASD Unlisted Security Index (NSI) added 20.60 points to settle at 3,289.66 points compared with the 3,269.06 points recorded in the preceding trading week, and the bourse’s market capitalisation gained N12.07 billion to close at N1.926 trillion compared with the N1.914 trillion posted the previous week.
FrieslandCampina Wamco Nigeria Plc improved by 13.1 per cent to N40.00 per unit from N35.37 per unit, Geo-Fluids Plc appreciated by 11.1 per cent to N2.00 per share from N1.80 per share, Food Concepts Plc grew by 10.3 per cent to N1.29 per unit from N1.17 per unit, Lagos Building Investment Company (LBIC) Plc jumped by 10.00 per cent to N3.08 per share from N2.80 per share, and UBN Property Plc increased by 4.8 per cent to N2.20 per unit from N2.10 per unit.
On the flip side, Afriland Properties Plc dropped 10 per cent to end at N16.00 per share compared with the preceding week’s N17.78 per share. IPWA Plc dipped by 9.1 per cent to 50 Kobo per unit from 55 Kobo per unit, Acorn Petroleum Plc lost 5.9 per cent to close at N1.10 per share versus N1.17 per share, and Mass Telecomm Innovation Plc shed 2.4 per cent to finish at 40 Kobo per unit versus 41 Kobo per unit.
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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