Economy
Nigerian Shares Attract N38.445bn from Investors, Traders in One Week
By Dipo Olowookere
The local stock market opened last week for four days as result of the public holiday observed in Nigeria last Monday to celebrate Eid-el-Maulud.
This slightly affected the level of activity at the Nigerian Exchange (NGX) Limited during the four-day trading week.
A total of 1.860 billion shares worth N38.445 billion exchanged hands in 40,228 deals in the period under review compared with the 2.584 billion shares valued at N51.205 billion traded in 50,615 deals a week earlier.
Japaul, FBN Holdings and UAC Nigeria were the busiest equities on the NGX in the week, accounting for 728.034 million units valued at N10.029 billion transacted in 4,374 deals, contributing 39.14 per cent and 26.09 per cent to the total trading volume and value, respectively.
In terms of sectors, the financial services counter topped the activity chart with 820.815 million stocks worth N16.149 billion in 16,627 deals, contributing 44.13 per cent and 42.01 per cent to the total trading volume and value apiece, the energy index followed with 443.711 million equities worth N5.055 billion in 5,319 deals equities, and the conglomerates industry traded 183.729 million shares worth N2.971 billion in 2,510 deals.
Forty-one stocks appreciated last week compared with 52 equities of the previous week, 40 equities depreciated versus 31 equities a week earlier, and 70 shares remained unchanged versus 68 shares of the preceding were.
Caverton was the best-performing stock of the week with a price appreciation of 45.28 per cent to settle at N3.69, Fidelity Bank rose by 24.20 per cent to N13.60, Fidson appreciated by 21.76 per cent to N15.95, Vitafoam gained 21.55 per cent to quote at N22.00, and Meyer jumped by 20.93 per cent to N7.05.
Conversely, Northern Nigerian Flour Mills was the worst-performing equity after an 18.97 per cent loss to trade at N35.25, Mecure Industrial shrank by 18.18 per cent to close at N7.65, Tantalizers declined by 14.08 per cent to settle at 61 Kobo, RT Briscoe depleted by 12.88 per cent to N3.18, and Chapel Hill Denham Nigeria Infrastructure Debt Fund slumped by 9.93 per cent to N101.60.
In the week, the All-Share Index (ASI) and the market capitalisation appreciated by 0.81 per cent to 98,247.99 points and N56.457 trillion, respectively.
Also, all other indices finished higher apart from NGX MERI Value, consumer goods, industrial goods, growth and sovereign bond indices, which depreciated 0.34 per cent, 0.77 per cent, 0.13 per cent, 10.85 per cent, and 3.59 per cent, respectively, as the ASeM index remained unchanged.
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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