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Economy

Nigerian Equities Remain Down Despite Rise in Volume, Value of Trades

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Nigerian Stocks

By Dipo Olowookere

Despite the significant increase in the volume and value of equities traded on the floor of the Nigerian Stock Exchange (NSE) on Thursday, the market indices remained bearish as profit-taking activities maintain dominance.

The local bourse finished 0.76 percent lower at the close of transactions today with the Year-to-Date (YtD) returns dipped further to -4.64 percent.

Business Post reports that the release of half year financial statements by United Capital and Ecobank were not enough to lift the stock market just as the news of the appointment of a new chief executive for Ecobank Nigeria after the resignation of Mr Charles Kie was also not enough to lead the market out of danger.

While the All-Share Index (ASI) declined by 278.13 points to close at 36,470.05 points, the market capitalisation reduced by N101 billion to finish at N13.211 trillion.

At the close of business, the market breadth finished negative with a total of 20 equities appreciating in price, while 26 stocks recorded losses.

Nestle Nigeria led the 26 depreciating stocks after losing N84.70k of its share value to settle at N1442.30k per share.

It was followed by Nigerian Breweries, which fell by N2.40k to close at N105.60k per share, and International Breweries, which went down by N1.80k to settle at N39.20k per share.

Zenith Bank depreciated by N1 to finish at N22.95k per share, while UAC of Nigeria dropped 75 kobo to end at N13.25k per share.

On the other hand, it was a good day for Guaranty Trust Bank as its shares gained N1.45k today to close at N38 per share.

Dangote Cement grew by N1.20k to finish at N19.50k per share, while Oando went up by 45 kobo to end at N5.20k per share.

Eterna Oil appreciated by 40 kobo to settle at N6.90k per share, while NASCON surged by 25 kobo to close at N20.25k per share.

Like earlier stated, there was a significant surge in the volume and value of shares traded by investors today, appreciating by 63.61 percent and 196.39 percent.

A total of 296.6 million equities exchanged hands on Thursday in 3,684 deals worth N4.9 billion against the 181.3 million valued at N1.6 billion transacted on Wednesday at the market.

The Financial Services sector topped the activity chart today with 182 million shares exchanged for N4 billion, while the Services industry followed with 51.9 million equities sold for N107 million.

A further analysis of the activity chart showed that GTBank led the log with a total of 78.4 million units sold for N3 billion.

It was followed by MedView Air, which exchanged 50 million units valued at N102.3 million, and Zenith Bank, which traded 26.5 million equities worth N609 million.

Transcorp transacted 24.4 million shares valued at N28.7 million, while FBN Holdings exchanged 19.3 million shares worth N171.9 million.

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via [email protected]

Economy

Coronation Projects 15.95% for Nigeria’s April 2026 Inflation

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Nigeria's headline inflation

By Aduragbemi Omiyale

Analysts at Coronation Research have said the inflation rate in Nigeria would be at 15.95 per cent on a year-on-year basis in April 2026 as a result of the “energy price shock stemming from the continued conflict in the Middle East, seasonal issues in regard to food prices and relative exchange rate stability.”

In a note sighted by Business Post on Friday, the research arm of the organisation further disclosed that the average price of goods and services for the month under review should rise by 2.35 per cent on a month-on-month basis versus 4.18 per cent in March 2026, reflecting continued food price firmness, offset by a cooling in the monthly inflation momentum as the March energy price shock partially unwinds.

It said the projected 2.35 per cent inflation rate signals a return toward the underlying disinflation trajectory and could be a pivotal data point in shaping Monetary Policy Committee (MPC) deliberations at the next policy meeting.

The National Bureau of Statistics (NBS) is expected to release inflation numbers for last month later today. In March 2026, the rate soared by 15.38 per cent, triggered by the war in Iran waged by the United States.

Food inflation rate in March stood at 14.31 per cent on a year-on-year basis versus 25.22 per cent in the same month of last year, but on a month-on-month basis, it slowed to 4.17 per cent from the 4.69 per cent achieved in February 2026.

This was attributed to the rate of change in the average prices of Yam, Ginger (Fresh), Cassava Tuber, Groundnuts (Shelled), Irish Potatoes, Avenger (Ogbono/Apon) – Dried Ungrinded, Tomatoes (fresh), Cassava Flour sold loose, etc, according to the stats office.

In their report, Coronation Research expects food inflation to further ease, as food and non-alcoholic beverages remain the dominant contributor to headline CPI, accounting for about 40 per cent of the CPI basket.

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Economy

Unlisted Securities Market Further Suffers 0.33% Loss

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Unlisted Securities Market

By Adedapo Adesanya

The NASD Over-the-Counter (OTC) Securities Exchange further depreciated by 0.33 per cent on Wednesday, May 14, with the Unlisted Security Index (NSI) down by 13.76 points to 4,130.21 points from the previous day’s 4,143.97 points, and the market capitalisation dropping N8.23 billion to close at N2.471 trillion compared with Wednesday’s N2.479 trillion.

The unlisted securities market ended yesterday’s session with four price losers and one price gainer, led by Food Concepts Plc, which chalked up 9 Kobo to sell at N2.35 per unit, in contrast to midweek’s closing price of N2.26 per unit.

On the flip side, FrieslandCampina Wamco Plc depreciated by N1.58 to quote at N144.76 per share versus N146.34 per share, Central Securities and Clearing System (CSCS) Plc crumbled by N1.00 to trade at N71.00 per unit versus N72.00 per unit, First Trust Mortgage Bank Plc slid by 25 Kobo to N2.27 per share from N2.52 per share, and UBN Property Plc declined by 21 Kobo to N2.04 per unit from N2.25 per unit.

During the trading day, the volume of securities traded decreased by 70.2 per cent to 417,349 units from 1.4 million units, the value of securities dropped 36.9 per cent to N23.2 million from N36.8 million, and the number of deals stumbled by 13.9 per cent to 31 deals from 36 deals.

At the close of trades, Great Nigeria Insurance (GNI) Plc remained the most active stock by value on a year-to-date basis, with 3.4 billion units valued at N8.4 billion, followed by CSCS Plc with 60.7 million units exchanged for N4.1 billion, and Okitipupa Plc with 27.9 million units traded for N1.9 billion.

GNI Plc was also the most active stock by volume on a year-to-date basis, with 3.4 billion units worth N8.4 billion, followed by Resourcery Plc with 1.1 billion units sold for N415.7 million, and Infrastructure Guarantee Credit Plc with 400 million units sold for N1.2 billion.

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Economy

Mobile-First Platforms Like DeFi Hash Reflect Growing Investor Interest in AI-Driven Cloud Infrastructure and Automated Digital Asset Engagement

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DeFi Hash

As the cryptocurrency market enters a new phase of global growth, investor behavior is moving beyond the “buy and hold” strategy common in previous cryptocurrency cycles. Across the digital asset industry, a growing number of users are exploring AI-driven cloud infrastructure, automated computing systems, and mobile-based digital engagement models.

Industry analysts say the convergence of AI and blockchain infrastructure is becoming one of the defining trends of 2026.

With the accelerating global demand for AI computing resources, technology companies around the world are investing heavily in cloud infrastructure, data centers, and intelligent automation systems. Meanwhile, blockchain-based infrastructure platforms are increasingly positioning themselves at the intersection of decentralized finance, cloud computing, and AI-driven resource management.

Among the many emerging platforms, DeFi Hash is attracting significant attention. DeFi Hash is a mobile-centric digital infrastructure platform focused on intelligent cloud computing services and automated infrastructure engagement.

The Transition to AI-Driven Digital Infrastructure

For years, many cryptocurrency investors have relied primarily on market appreciation and speculative trading opportunities. However, the evolving market environment and the rapid development of artificial intelligence are prompting a shift towards infrastructure-centric platforms that offer alternative participation models.

Users no longer need to purchase expensive mining hardware or manage physical systems; instead, they are increasingly seeking simplified, mobile-accessible solutions for remote participation in digital infrastructure.

DeFi Hash states that its platform aims to lower traditional barriers to entry by combining cloud architecture, automation, and distributed infrastructure systems to create a seamless user experience. These platforms are accessible via mobile devices and web platforms.

According to company information, the platform has attracted over 3.5 million registered users globally.

Flexible Participation Options

To encourage new user onboarding and streamline the access process, DeFi Hash offers various infrastructure participation models and cloud-based automated contracts.

The company states that new registered users receive promotional rewards upon registration and can participate in an entry-level program designed for short-term participation.

The platform also offers various infrastructure contract categories designed to meet the needs of different participation levels.

Stable Return Contracts

Contract Range: $500 – $2,600

Estimated Daily Return: $6.25 – $36.40

Contract Duration: 7 – 15 days

Estimated Total Return: $43 – $546

Professional Profit Contracts

Contract Range: $5,000 – $15,000

Estimated Daily Return: $77.50 – $270

Contract Duration: 20 – 25 days

Estimated Total Return: $1,550 – $6,750

Advanced Long-Term Profit Contracts

Contract Range: $30,000 – $150,000

Estimated Daily Return: $570 – $3,750

Contract Duration: 30 – 45 days

Estimated Total Return: $17,100 – $168,750

The company states that users can choose one or more participation options based on their own strategies and goals.

The convergence of artificial intelligence and blockchain is expected to accelerate.

Industry insiders believe that the integration of artificial intelligence infrastructure and blockchain-based computing networks may become one of the most influential technological developments in the coming years.

With the global proliferation of artificial intelligence, the demand for scalable computing resources and automated digital infrastructure services is expected to continue to grow. Platforms integrating blockchain, cloud computing, and intelligent automation technologies will play an increasingly important role in shaping the future digital economy.

DeFi Hash states that its goal is to make cloud projects more accessible to ordinary users worldwide while continuously expanding its AI-driven infrastructure ecosystem.

For more information, please visit the company website or mobile app download page.

Official Website: https://defihash.com/

Mobile App Download: https://defihash.com/download/

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