Economy
Nigerian Stocks Attract N11.714bn Investments in Five Days
By Dipo Olowookere
Investors bought and sold 1.101 billion Nigerian stocks valued at N11.714 billion in 15,697 deals last week compared with the 1.410 billion worth N15.510 billion traded in 19,025 deals a week earlier.
It was observed that equities in the financial services sector were the most attractive, recording the sale of 859.019 million units worth N6.691 billion in 8,157 deals, accounting for 78 per cent and 57.12 per cent of the total trading volume and value, respectively.
Shares in the conglomerates industry also caught the attention of investors in the week, trading 96.989 million units valued at N109.622 million in 425 deals, while energy shares recorded a turnover of 40.897 million units worth N367.117 million in 1,065 deals.
A breakdown showed that Access Holdings, Sterling Bank, and Transcorp traded 577.512 million stocks worth N2.761 billion in 1,132 deals, contributing 52.44 per cent and 23.57 per cent to the total trading volume and value, respectively.
In the week, 27 equities appreciated in price compared with 20 equities in the previous week, 36 equities depreciated in price compared with 43 equities in the previous week, and 94 equities closed flat, the same as the preceding week.
Unity Bank was the best-performing stock in the trading week after its value jumped by 35.71 per cent to 57 Kobo. Royal Exchange grew by 22.22 per cent to 88 Kobo, MRS Oil expanded by 9.83 per cent to N12.85, eTranzact gained 9.37 per cent to N3.50, and Geregu Power increased by 8.50 per cent to N130.20.
Conversely, Prestige Assurance was the worst-performing stock with a fall of 15.22 per cent to 39 Kobo, Learn Africa went down by 10.71 per cent to N1.50, Guinness Nigeria declined by 9.95 per cent to N74.65, Flour Mills dropped 9.90 per cent to sell at N27.30, and Julius Berger fell by 9.81 per cent to N21.15.
Business Post reports that the All-Share Index (ASI) and the market capitalisation of the Nigerian Exchange (NGX) Limited depreciated in the week by 0.68 per cent to 43,968.75 points and N23.949 trillion, respectively.
Similarly, all other indices finished lower except banking, NGX-AFR Bank Value, NGX AFR Div. Yield and NGX MERI Value, which appreciated by 0.17 per cent, 0.38 per cent, 1.10 per cent, and 0.20 per cent apiece, while the ASeM, growth and sovereign bond indices closed flat.
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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