Economy
Nigerian Stocks Begin Week Bullish Amid Weak Investor Sentiment
By Dipo Olowookere
The first trading session of the week and month of June 2025 ended on a positive note with a 0.25 per cent improvement despite investor sentiment turning bearish.
The bourse finished with 23 price gainers and 33 price losers yesterday, representing a negative market breadth index and weak investor sentiment.
The growth recorded on Monday was driven by bargain-hunting across the major sectors of Customs Street except the profit-taking in the consumer goods space, causing it to close lower by 0.58 per cent.
The insurance index improved by 0.85 per cent, the industrial goods space appreciated by 0.43 per cent, the energy counter gained 0.22 per cent, the banking industry rose by 0.20 per cent, and the commodity sector grew by 0.05 per cent.
Consequently, the All-Share Index (ASI) chalked up 273.94 points to finish at 112,015.95 points compared with last Friday’s 111,742.01 points and the market capitalisation went up by N173 billion to N70.636 trillion from N70.463 trillion.
Multiverse gained 9.87 per cent to trade at N8.35, Livestock Feeds jumped by 9.57 per cent to N10.30, Lasaco Assurance climbed higher by 8.11 per cent to N2.80, Neimeth increased by 8.06 per cent to N3.35, and Royal Exchange soared by 7.50 per cent to 86 Kobo.
Conversely, Legend Internet lost 9.90 per cent to close at N5.55, Secure Electronic Technology weakened by 9.84 per cent to 55 Kobo, eTranzact slumped by 9.56 per cent to N6.15, University Press declined by 9.32 per cent to N5.35, and McNichols shed 7.31 per cent to quote at N2.41.
Business Post observed that the demand for Nigerian stocks was lower than the preceding trading session, as the trading volume, value and number of deals depreciated by 73.12 per cent, 84.27 per cent, and 8.76 per cent, respectively.
A total of 518.0 million equities worth N10.1 billion exchanged hands in 17,019 deals during the session compared with the 1.9 billion equities valued at N64.2 billion traded in 18,653 deals in the preceding session.
On top of the activity chart during the trading day was Fidelity Bank with the sale of 98.8 million shares for N1.9 billion, Royal Exchange exchanged 58.5 million equities worth N50.2 million, Access Holdings transacted 55.2 million stocks for N1.2 billion, Cutix traded 32.3 million equities valued at N101.1 million, and United Capital sold 27.2 million shares worth N534.4 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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