Economy
Nigerian Stocks Blossom on Bullish Investor Sentiment
By Modupe Gbadeyanka
The positive investor sentiment recorded last Friday was retained at the market on the first trading day of this week.
The Nigerian Stock Exchange (NSE) finished 0.30 percent higher as bargain hunting activities continued on Monday from last Friday, leaving the year-to-date returns closing at -4 percent from -4.29 percent recorded last Friday.
Business Post reports that the stock market recorded 20 price gainers at the close of transactions today versus 18 price losers.
Dangote Cement emerged the highest price today after adding N1.30k to its share value to close at N236 per share.
It was followed by GTBank, which grew by 80 kobo to settle at N38.80k per share, and NASCON, which improved by 55 kobo to finish at N20.80k per share.
Nigerian Breweries went up by 50 kobo to end at N108 per share, while CAP also appreciated by 50 kobo to wrap the day at N35 per share.
On the flip side, Forte Oil topped the losers’ chart with N2.70k of its share price lost to close at N25.20k per share.
It was followed by Oando, which depreciated by 40 kobo to end at N5.15k per share, and Stanbic IBTC, which went down by 25 kobo to close at N48.55k per share.
UPL fell by 25 kobo to settle at N2.30k per share, while Dangote Flour declined by 20 kobo to finish at N8.90k per share.
Business Post reports further that while the All Share Index (ASI) increased by 133.39 points to close at 36,603.44 points, the market capitalisation improved by N49 billion to settle at N13.260 trillion.
All the sector indices increased except the NSEOILG5, which recorded a loss of 1.66 percent.
However, the NSEBANK10, NSEIND, NSEINS10, and NSEFBT10 recorded respective gains of 0.63 percent, 0.37 percent, 0.33 percent and 0.10 percent.
At the close of transactions, the volume of equities traded on the floor of the stock exchange on Monday increased by 129.24 percent, while the value decreased by 19.75 percent.
A total of 679.9 million shares were traded today in 3,677 deals valued at N3.9 billion in contrast to the 296.6 million equities worth N4.9 billion transacted last Friday.
The Financial Services sector led the activity chart with 500.2 million shares sold for N2.6 billion, while the Services sector followed with 102.5 million shares exchanged for N222 million.
MedView Air topped the activity chart today with 100 million equities sold for N214 million.
It was followed by Transcorp, which sold 16.2 million units worth N19.6 million, and Zenith Bank, which transacted 11.3 million shares worth N260.3 million.
GTBank exchanged 8.2 million shares valued at N315.6 million, while Access Bank sold 6.8 million equities for N67.5 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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