Economy
Nigeria’s Stock Exchange up 0.04% on Sustained Buying Interest
By Dipo Olowookere
Sustained buying interest kept the Nigerian Exchange (NGX) Limited in the green territory by 0.04 per cent on Wednesday despite the mounting pressure on the Naira in the foreign exchange (FX) market.
Business Post reports that Nigeria’s stock exchange remained attractive to investors because of its performance this year, posting a year-to-date gain of 31.42 per cent.
During the midweek session, the banking index went up by 0.74 per cent, the insurance sector grew by 0.27 per cent and the energy counter appreciated by 0.22 per cent, while the industrial goods space went down by 0.06 per cent, with the consumer goods sector closing flat.
At the close of transactions, the All-Share Index (ASI) increased by 27.11 points to finish at 67,353.23 points compared with the previous day’s 67,326.12 points, and the market capitalisation rose by N15 billion to end at N37.004 trillion versus Tuesday’s value of N36.989 trillion.
The activity chart was mixed yesterday as the trading volume expanded by 5.19 per cent, while the trading value declined by 9.62 per cent and the number of deals of dropped by 8.38 per cent.
A total of 397.6 million shares worth N4.7 billion were traded in 6,165 deals compared with the 378.0 million shares worth N5.2 billion traded in 6,729 deals a day earlier.
Wema Bank ended the session as the most active stock after it transacted 89.0 million units valued at N418.2 million, Access Holdings transacted 35.6 million units worth N598.5 million, UBA exchanged 35.2 million units for N659.1 million, Fidelity Bank sold 33.4 million units for N279.5 million, and GTCO traded 23.4 million units valued at N828.5 million.
Guinea Insurance was the biggest price gainer as it added 9.09 per cent to its value to close at 24 Kobo, Eterna grew by 6.86 per cent to N14.80, Unity Bank chalked up 5.49 per cent to trade at 96 Kobo, Jaiz Bank appreciated by 5.26 per cent to N1.60, and Omatek rose by 4.55 per cent to 46 Kobo.
CWG ended the day as the biggest price loser after it shed 10.00 per cent to close at N8.55, RT Briscoe lost 8.77 per cent to sell for 52 Kobo, Africa Prudential fell by 7.14 per cent to N6.50, FTN Cocoa declined by 6.29 per cent to N1.64, and Neimeth slumped by 6.06 per cent to N1.55.
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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