Economy
NASD OTC Exchange Records First Weekly Loss in Seven Weeks
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange recorded a 6.65 per cent loss in Week 11 of 2025 trading year, the first decline it was posting in the last seven weeks.
In the five-day trading week, the NASD Unlisted Security Index (NSI) dropped 75.07 points to settle at 3,363.74 points compared with the preceding week’s 3,370.39 points and the market capitalisation went down by N3.85 billion to N1.942 trillion from the N1.946 trillion it ended in Week 10.
The alternative stock exchanged ended with week with fewer price losers than price gainers, at a ratio of seven to four, respectively.
NASD Plc depreciated by 7.9 per cent to N19.00 per share from N20.63 per share, Central Securities Clearing System (CSCS) Plc slid by 5.8 per cent to N21.69 per unit from N23.02 per unit, 11 Plc slipped by 5.1 per cent to N240.00 per share from N253.00 per share, and Geo-Fluids Plc lost 2.4 per cent to end at N2.84 per unit versus the previous week’s N2.91 per unit.
On the flip side, First Trust Microfinance Plc appreciated by 19.2 per cent to 56 Kobo per share from 47 Kobo per share, AG Mortgage Bank Plc grew by 10.4 per cent to 53 Kobo per unit from 48 Kobo per unit, Nipco Plc improved by 10 per cent to N181.63 per share from N199.80 per share, and UBN Property Plc rose by 5.4 per cent to N1.95 per unit from N1.85 per unit.
Further, FrieslandCampina Wamco Nigeria Plc expanded by 3.3 per cent to N38.23 per share from N37.00 per share, Afriland Properties Plc increased by 1.3 per cent to N23.20 per unit from N22.90 per unit, and Okitipupa Plc advanced by 0.7 per cent to N300.00 per share from N298.00 per share.
In the week, there was a 53.2 per cent shortfall in the volume of shares to 7.03 million units from 4.59 million units, and the value of securities decreased by 55.0 per cent to N105.9 million from N128.1 million.
The most traded stock by value in Week 11 was FrieslandCampina Wamco Plc with N41.3 million, Okitipula Plc recorded N35.0 million, NASD Plc traded N7.6 million, 11 Plc posted N5.8 million, and CSCS Plc achieved N4.1 million.
By volume, AG Mortgage Bank Plc topped with 3.7 million units, FrieslandCampina Wamco Plc transacted 1.1 million units, Geo-Fluids Plc recorded 1.07 million, NASD Plc traded 0.402 million units, and First Trust Microfinance Plc exchanged 0.206 million units.
By Adedapo Adesanya
The Nigerian Shippers Council (NSC) has reiterated its commitment to prioritising shipping activities and promoting importers and exporters in the country.
The Executive Secretary of the Council, Mr Pius Akutah, in a statement on Wednesday, said this after a familiarisation visit to the North East Zonal Directorate in Bauchi State.
The visit marked a strategic step in assessing the activities of the council in the region and reinforcing its role in trade facilitation and port economic regulation.
“The purpose of the visit was to promote regional integration in shipping activities and support exportation.
“This aligns with the current administration’s goal of enhancing the nation’s resources through the blue economy.
“We have had interactive meeting with stakeholders aimed at advancing shipping activities in the region and the role of shippers’ association in representing the interests of importers and exporters.
“The NSC is committed to improving ease of doing business,” he said.
On the Inland Dry Ports project in Bauchi, an initiative by the state government, Mr Akutah said it was laudable as it would attract both import and export activities to the area.
By Adedapo Adesanya
UBN Property Plc further sank the NASD Over-the-Counter (OTC) Securities Exchange in the red territory by 0.48 per cent on Wednesday, April 23.
The property investment company lost 7 Kobo of its share value to settle at N2.10 per unit compared with the preceding day’s price of N2.17 per unit.
As a result, the market capitalisation of the bourse went down by N9.19 billion to N1.908 trillion from N1.917 trillion and the NASD Unlisted Security Index (NSI) slumped by 105.70 points to 3,259.08 points from the previous session’s 3,274.78 points.
There was a 500.5 per cent rise in the volume of securities transacted in the midweek session to 1.05 million units from the 174,634 units traded in the previous trading day.
However, the value of transactions decreased by 9.1 per cent to N2.6 million from N2.86 million and the number of deals dropped by 31.3 per cent to 11 deals from 16 deals.
At the close of business, Impresit Bakolori Plc remained the most active stock by volume on a year-to-date basis with 533.9 million units worth N520.9 million, trailed by Okitipupa Plc with 153.6 million units sold for N4.9 billion, and Industrial and General Insurance (IGI) Plc with 71.2 million units valued at N24.2 million.
Okitipupa Plc remained the most traded stock by value on a year-to-date basis with 153.6 million valued at N4.9 billion, followed by FrieslandCampina Wamco Nigeria Plc with the sale of 14.8 million units for N572.0 million, and Impresit Bakolori Plc with a turnover of 533.9 million units worth N520.9 million.
By Aduragbemi Omiyale
Between April and June 2025, the federal government intends to sell bonds between N900 billion and N1.2 trillion to investors.
This information was revealed by the Debt Management Office (DMO) in its Bond Issuance Calendar for Q2 2025
The sales will take place once in a month, precisely on April 28, May 26, and June 23, according to the data released by the DMO.
It was stated that the debt office will offer the debt instrument in two maturities, with N300 billion and N400 billion offered for sale at each auction.
In April and May, the DMO will reopen the 19.30 per cent FGN APR 2029 and 19.89 per cent FGN MAY 2033 bonds, and in June, it will introduce the FGN JAN 2030 and FGN JAN 2032 and five and seven-year, respectively.
In April, the APR 2029 bond will have a remaining tenor of four years, while the MAY 2033 bond will have six years and one month left.
By May, those terms shorten to three years and eleven months, and six years, respectively. Both bonds retain their original coupon rates of 19.30 per cent and 19.89 per cent.
The DMO has also released details for its April auction. The Federal Government plans to raise N350bn through the reopening of the APR 2029 and MAY 2033 bonds.
According to the circular, N200bn will be offered in the APR 2029 and N150bn in the MAY 2033. The auction will be held on Monday, April 28, with settlement on Wednesday, April 30.
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