Economy
NGX Performance Indicators Further Gain 0.04%
By Dipo Olowookere
The last trading day of the week at the Nigerian Exchange (NGX) Limited ended in a positive note, with the performance indicators further rising by 0.04 per cent on Friday.
Sustained buying pressure and a very strong investor sentiment ensured that Customs Street maintained its upward trajectory yesterday.
Data from the exchange showed that there were 33 price gainers and 13 price losers, indicating a positive market breadth index.
VDF Group topped the advancers’ table after its value expanded by 9.97 per cent to N202.90, MeCure rose by 9.80 per cent to N3.92, Meyer improved by 9.72 per cent to N2.71, FCMB chalked up 9.38 per cent to close at N7.00, and Regency Alliance appreciated by 9.38 per cent to close at 35 Kobo.
On the flip side, Caverton shed 9.52 per cent to trade at N1.33, eTranzact lost 4.43 per cent to close at N7.55, Cutix depreciated by 3.93 per cent to N2.20, Fidelity Bank went down by 3.68 per cent to N9.15, and Veritas Kapital declined by 3.57 per cent to 27 Kobo.
Business Post reports that the bargain-hunting during the session left the energy index up by 0.86 per cent, as the consumer goods and the banking sectors went up by 0.05 per cent and 0.03 per cent apiece, while the insurance shrank by 0.04 per cent, and the industrial goods counter closed flat.
Consequently, the All-Share Index (ASI) increased by 29.80 points to 70,849.38 points from 70,819.58 points, and the market capitalisation grew by N14 billion to close at N38.925 trillion versus the previous day’s N38.911 trillion.
The number of shares transacted yesterday at the stock exchange depreciated by 2.20 per cent to 556.7 million units from 569.2 million, and the value of stocks traded declined by 66.67 per cent to N5.6 billion from N16.8 billion, while the number of transactions increased by 2.25 per cent to 6,308 deals from 6,169 deals.
The capital raise of N20 billion by Japaul is triggering demand for the stocks, closing yesterday as the most active after selling 164.7 million units for N317.7 million.
Universal Insurance traded 101.4 million shares valued at N25.3 million, UBA transacted 61.6 million equities worth N1.3 billion, FCMB sold 39.7 million stocks for N275.1 million, and Fidelity Bank exchanged 24.9 million shares valued at N230.1 million.
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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