Economy
Nigerian Stocks Extend Gains by N141bn as ASI Rises 1.01%
By Dipo Olowookere
Bargain hunting by investors on Thursday ensured that the gains recorded on Wednesday on the floor of the Nigerian Stock Exchange (NSE) were maintained by the market, Business Post is reporting.
It was observed that the gains spread across the sectors monitored during the trading session with consumer goods index closing as the highest gainer, by 3.78 percent.
The banking space appreciated by 1.70 percent, the industrial sector rose by 1.13 percent, the insurance industry improved by 0.56 percent, while the energy sector gained 0.49 percent.
At the market yesterday, only seven price losers were recorded as against the 22 price risers led by Nestle Nigeria, which appreciated by N80 to finish at N1200 per unit.
Forte Oil gained N1.35k to close at N15.35k per share, Dangote Sugar improved by 80 kobo to settle at N9.30k per unit, GTBank rose by 60 kobo to finish at N27.50k per unit, while Lafarge Africa increased its share price by 45 kobo to end at N14.85k per unit.
Conversely, NASCON led the decliners’ table after losing 30 kobo to close at N12.70k per unit and was followed by Dangote Flour, which went down by 10 kobo to trade at N22 per share.
Flour mills and NPF Microfinance Bank lost 5 kobo each to settle at N13.20k per share and N1.11k per unit respectively, while Unity Ban depreciated by 3 kobo to finish at 67 kobo per share.
During trading yesterday, the All-Share Index (ASI) increased by 273.11 points to finish at 27,426.64 points, while the market capitalization appreciated by N141.3 billion to close at N13.351 trillion.
Despite the impressive general performance of the market, the level of transactions significantly dropped as the volume of shares traded by investors went down by 45.43 percent to 115.4 million from 211.5 million, while the value of the trades went down by 41.08 percent to N854.2 million from N1.5 billion.
Access Bank was investors’ darling on Thursday, with the bank trading 17.0 million units of its stocks worth N119.3 million, while Transcorp followed with 14.7 million units sold for N15.0 million.
Union Bank traded 10.1 million equities for N70.4 million, FBN Holdings transacted 10.0 million shares valued at N50.4 million, while GTBank exchanged 7.3 million units worth N198.8 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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