Economy
Nigerian Stocks Further Lose Value in Midweek Trade by 0.11%
By Dipo Olowookere
Value of stocks transacted at the Lagos exchange further depreciated during the midweek session as profit-taking persisted.
This is because investors were very anxious of political happenings in the country ahead of the general elections early next year.
At the close of business on Wednesday, the Nigerian Stock Exchange (NSE) was down by 0.11 percent with the year-to-date loss at 15.32 percent.
Also, the All-Share Index (ASI) depreciated by 35.12 points to close at 32,382.58 points, while the market capitalisation reduced by N13 billion to settle at N11.822trillion.
Business Post reports that the highest price loser yesterday was Nigerian Breweries after going down by N2.50k to close at N85.50k per share.
Transcorp Hotels depreciated by 65 kobo to finish at N6.10k per share, while UAC of Nigeria went down by 50 kobo to end at N11 per share.
FBN Holdings suffered a 25 kobo loss to close at N9.20k per share, while Mobil Oil Nigeria crashed by 20 kobo to settle at N175 per share.
On the flip side, Nestle Nigeria recorded the biggest price appreciation, growing by N15.30k to close at N1420.30k per share.
It was followed by CAP, which grew by N3 to end at N33 per share, and Unilever Nigeria, which advanced by 50 kobo to settle at N42.50k per share.
Flour Mills also rose by 50 kobo to end at N20.40k per share, while Red Star Express appreciated by 30 kobo to finish at N4.60k per share.
At the close market yesterday, the volume of equities traded by investors decreased by 61.50 percent from 349.5 million to 134.6 million, while the value appreciated by 32.23 percent from N1.5 billion to N1.9 billion.
A look at the activity chart showed that the Financial Services sector led with 91.3 million equities sold for N859 million, while the ICT followed with 12.4 million shares traded for N3 million.
FCMB emerged the day’s most transacted stock, accounting for 18.3 million units sold for N31.1 million.
Fidelity Bank exchanged 17.2 million shares valued at N32.2 million, while FBN Holdings traded 15.8 million units worth N145.7 million.
Chams Plc sold 12.4 million units of its shares for N3.2 million yesterday, while GTBank exchanged 12.1 million equities for N444.7 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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