Economy
NGX All-Share Index Crosses 135,000 Milestone After 0.53% Rise
By Dipo Olowookere
The Nigerian Exchange (NGX) Limited appreciated by 0.53 per cent on Monday as the demand for equities continues to increase.
The bourse closed in green despite the banking sector recording profit-taking, with its index declining by 0.69 per cent at the close of transactions.
The insurance sector appreciated by 2.54 per cent, the consumer goods industry rose by 1.29 epr cent, the industrial goods space improved by 0.64 per cent, and the energy index grew by 0.22 per cent.
At the close of business, the All-Share Index (ASI) went up by 713.58 points to 135,166.51 points from 134,452.93 points and the market capitalisation grew by N400 billion to finish at N85.455 trillion compared with the preceding session’s N85.055 trillion.
On the first trading day of the week, the market posted a turnover of 795.6 million shares worth N23.2 billion in 37,626 deals compared with last Friday’s 681.2 million shares valued at N17.0 billion exchanged in 26,931 deals, indicating an increase in the trading volume, value, and number of deals by 16.79 per cent, 36.47 per cent, and 39.71 per cent, respectively.
Fidelity Bank traded 123.0 million equities valued at N2.6 billion, FCMB transacted 68.4 million stocks for N670.1 million, Japaul exchanged 44.1 million shares valued at N126.8 million, Zenith Bank sold 31.0 million equities worth N2.3 billion, and Access Holding traded 29.1 million stocks valued at N816.8 million.
During the session, Academy Press was the best-performing equity after chalking up 9.99 per cent to close at N10.24, Champion Breweries appreciated by 9.98 per cent to N13.55, Tripple Gee gained 9.97 per cent to settle at N3.86, May and Baker improved by 9.94 per cent to N18.80, and UAC Nigeria rose by 9.92 per cent to N60.40.
On the flip side, Livestock Feeds declined by 10.00 per cent to N8.10, The Initiates tumbled by 9.98 per cent to N14.52, Ellah Lakes slipped by 9.08 per cent to N8.91, NGX Group lost 6.02 per cent to N75.00, and Thomas Wyatt depreciated by 5.54 per cent to N2.90.
Business Post reports that Customs Street recorded 45 price gainers and 25 price losers, indicating a positive market breadth index and strong investor sentiment.
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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