Economy
NGX Rises 0.27% on Bargain Hunting in Consumer Goods Stocks
By Dipo Olowookere
It was another positive outcome for the Nigerian Exchange (NGX) Limited on Thursday as it further appreciated by 0.27 per cent on the back of bargain hunting in consumer goods stocks.
The consumer goods index closed higher by 1.98 per cent during the session, the insurance sector rose by 0.42 per cent, and the energy counter improved by 0.15 per cent to offset the 0.45 per cent loss and the 0.05 per cent decline reported by the banking and industrial goods, respectively.
Consequently, the All-Share Index (ASI) moved up by 138.26 points to 52,235.88 points from 52,097.62 points, as the market capitalisation grew by N76 billion to settle at N28.443 trillion compared with the midweek session’s N28.367 trillion.
The market breadth was positive yesterday, with 26 stocks closing on the advancers’ chart and 18 equities finishing on the decliners’ table, implying a strong investor sentiment.
Honeywell Flour finished the day on top of the gainers’ log after it went up by 10.00 per cent to N3.08, Cadbury Nigeria improved by 9.82 per cent to N12.30, Neimeth grew by 9.52 per cent to N1.38, Fidson appreciated by 9.29 per cent to N9.29, and CWG gained 9.09 per cent to sell for 96 Kobo.
On the flip side, Nigerian Breweries was on top of the losers’ after it shed 10.00 per cent to trade at N32.85, International Energy Insurance depreciated by 9.49 per cent to N1.24, Red Star Express fell by 8.93 per cent to N2.55, Berger Paints declined by 7.19 per cent to N7.10, and Lasaco Assurance shrank by 5.04 per cent to N1.13.
At the market on Thursday, a total of 2.3 billion shares valued at N17.6 billion were traded in 6,958 deals compared with the 6.5 billion shares worth N19.5 billion traded in 5,109 deals on Wednesday, representing an increase in the number of deals by 36.19 per cent, and a decline in the trading volume and value by 64.62 per cent and 9.74 per cent apiece.
Access Holdings was the most traded equity at the stock exchange on Thursday as it transacted 1.2 billion units worth N12.5 billion, Transcorp traded 873.6 million units valued at N2.8 billion, Japaul exchanged 45.4 million units worth N17.3 million, UBA sold 26.2 million units valued at N205.9 million, and Fidelity Bank traded 25.0 million units worth N131.6 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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