Economy
Nigerian Stocks Record First Loss in 13 Straight Sessions
By Dipo Olowookere
For the first time in 13 consecutive trading sessions, the Nigerian Stock Exchange (NSE) recorded a loss, going down by 0.95 per cent on Wednesday.
The decline was buoyed by profit-taking activities of investors, who have watched their portfolios grow in the past days as a result of renewed confidence in the market.
At the close of transactions, the All-Share Index (ASI) depreciated by 275.02 points to finish at 28,634.35 points as against 28,909.37 points of the previous day. Also, the market capitalisation lost N144 billion to close at N14.967 trillion in contrast to N15.111 trillion on Tuesday.
MTN Nigeria was the heaviest loser yesterday, going down by N2.20 to settle at N140.50 per share and was trailed by Unilever Nigeria, which fell by N1.35 to close at N12.30 per unit.
Zenith Bank depreciated by N1.25 to sell for N19.55 per share, Guinness Nigeria went down by 90 kobo to end at N15 per share, while Lafarge Africa declined by 75 kobo to trade at N16.80 per unit.
At the other end, CAP was the biggest price gainer, rising by N1.60 to close at N18.70 per share and was trailed by NASCON, which appreciated by N1.05 to finish at N12 per unit.
Berger Paints gained 60 kobo to close at N6.70 per share, International Breweries grew by 36 kobo to close at N4.65 per share, while Africa Prudential appreciated by 25 kobo to trade at N5.75 per share.
Sectorially, only the energy space closed in the green territory at the midweek session after recording a 0.24 per cent growth.
The banking sector lost 3.27 per cent, the insurance counter depreciated by 1.99 per cent, the industrial goods sector fell by 0.34 per cent, while the consumer goods space declined by 0.10 per cent.
On the activity log, the trading volume increased by 11.13 per cent to 832.9 million shares from 749.5 million shares. The trading value grew by 0.46 per cent to N9.54 billion from N9.50 billion, while the number of deals increased by 13.68 per cent to 9,180 from 8,075.
Business Post observed that unlike in the previous sessions, FBN Holdings was the most active stock, trading 128.8 million units valued at N789.8 million.
Zenith Bank sold 120.6 million units worth N2.4 billion, UBA transacted 84.0 million equities for N577.2 million, Access Bank exchanged 78.9 million stocks worth N603.3 million, while GTBank traded 76.2 million shares valued at N2.4 billion.
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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