Economy
Nigerian Stocks Post 0.02% Marginal Growth on Passive Performance
By Dipo Olowookere
A marginal growth of 0.02 per cent was recorded by the Nigerian Exchange (NGX) Limited amid a subdued performance caused by mild profit-taking in the banking, energy and industrial goods sectors.
Bargain-hunting in the consumer goods and insurance counters stretched the upward trend posted yesterday, particularly because of sustained interest in C& Leasing and Northern Nigerian Flour Mills equities.
The market breadth index reflected the mood of the traders during the session as it was negative after the bourse ended with 32 per cent losers and 23 price gainers, indicating a weak investor sentiment.
Deap Capital and Secure Electronic topped the advancers’ chart by chalking up 10.00 each to close at 44 Kobo, and 33 Kobo apiece. C&I Leasing grew by 9.95 per cent to N4.53, Northern Nigerian Flour Mills rose by 9.85 per cent to N21.75, and SCOA Nigeria appreciated by 9.82 per cent to N1.23.
On the flip side, ABC Transport shed 10.00 per cent to settle at 90 Kobo, eTranzact declined by 9.93 per cent to N6.80, Thomas Wyatt fell by 8.95 per cent to N3.46, Guinea Insurance lost 8.33 per cent to trade at 22 Kobo and Ellah Lakes slipped by 7.89 per cent to N3.50.
A look at the sectorial performance showed that the industrial goods index closed flat, the banking and the energy sectors went down by 0.35 per cent and 0.18 per cent, respectively, while the consumer goods and insurance sectors appreciated by 0.31 per cent and 0.17 per cent apiece.
At the close of transactions, the All-Share Index (ASI) increased by 10.82 points to 71,025.16 points from 71,014.34 points, and the market capitalisation moved up by N6 billion to N39.060 trillion from N39.054 trillion.
During the trading day, investors traded 483.9 million stocks valued at N4.4 billion in 6,545 deals compared with the 297.4 million stocks worth N6.2 billion traded in 6,172 deals a day earlier, indicating a decline in the trading value by 29.03 per cent, an increase in the trading volume by 62.71 per cent and an expansion in the number of deals by 6.04 per cent.
Regency Alliance finished the day as the most active stock after trading 104.3 million units worth N36.5 million, Oando transacted 55.3 million units valued at N676.6 million, Universal Insurance exchanged 53.4 million units for N12.3 million, Japaul sold 25.0 million units valued at N46.8 million, and UBA traded 22.5 million units worth N445.5 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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