Economy
Nigerian Stocks Extend Rally With 0.63% Growth
By Dipo Olowookere
The last trading day of this week at the local stock market ended positive on Friday with an appreciation of 0.63 percent.
This was the second consecutive growth the Nigerian Stock Exchange (NSE) was recording after the Sallah break observed on Tuesday and Wednesday.
At the close of transactions today, the year0-to-date return reduced to -7.37 percent as investors sustain the buying pressure.
While the All-Share Index (ASI) increased on Friday by 220.01 points to settle at 35,426.17 points, the market capitalisation appreciated by N80 billion to finish at N12.933 trillion.
Business Post reports that the volume of shares traded at the exchange today rose sharply by 139.11 percent to 527.7 million from 220.7 million, while the value appreciated by 78.81 percent to N4.5 billion from N2.5 billion.
The most traded equity on Friday was United Bank for Africa, accounting for 235.7 million units worth N1.9 billion.
It was followed by NEM Insurance, which transacted 93.1 million shares valued at N279.2 million, and Ecobank, which exchanged 21.9 million stocks worth N438 million.
Regency Alliance Insurance traded 18.8 million equities today valued at N4.2 million, while FBN Holdings sold 17.9 million shares worth N172.7 million.
At the end, the banking stocks dominated trading on Friday with a total of 324.4 million units traded for N3 billion, while insurance stocks following with 138.4 million units sold for N295.1 million.
A total of 18 stocks appreciated in price today with Dangote Cement leading them with N5 added to its share value to close at N235 per share.
It was trailed by Flour Mills, which rose by N1 to finish at N21.50k per share, and Ecobank, which gained 80 kobo to close at N20 per share.
Newrest ASL Nigeria increased by 45 kobo to end at N5.30k per share, while NEM Insurance grew by 15 kobo to settle at N3 per share.
International Breweries led the 15 depreciating stocks today ahead of the launch of its new factory in Sagamu, Ogun State next Tuesday. The company’s shares lost N2 at the stock market today to close at N32 per share.
Africa Prudential went down by 35 kobo to end at N3.70k per share, while GTBank declined by 30 kobo to settle at N37.50k per share.
University Press shed 23 kobo to finish at N2.07k per share, while NASCON lost 10 kobo to close at N19.90k per share.
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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