Economy
Nigeria’s Stock Market Slips 0.12% as Cautious Trading Kicks in
By Dipo Olowookere
The bears maintained a tight fist on the Nigerian Exchange (NGX) Limited on Tuesday, causing a 0.12 per cent decline at the close of business.
The loss occurred despite the National Bureau of Statistics (NBS) announcing a further deceleration in the nation’s inflation for October 2025 a day earlier.
On Monday, the stats office said inflation moderated to 16.05 per cent compared with the 18.02 per cent in September 2025.
Trading data showed that the stock market was quiet as the volume of transactions, the value and number of deals decreased by 1.80 per cent, 46.47 per cent, and 23.39 per cent, respectively.
During the session, a total of 381.2 million stocks valued at N16.7 billion exchanged hands in 21,827 deals versus the 388.2 million stocks worth N31.2 billion transacted in 28,492 deals on Monday.
Tantalizers topped the activity chart with 58.8 million units sold for N146.0 million, Sterling Holdings traded 31.4 million units valued at N242.4 million, Universal Insurance exchanged 28.1 million units worth N35.8 million, Veritas Kapital transacted 25.3 million units for N47.7 million, and Aradel Holdings traded 16.4 million units valued at N9.5 billion.
Investor sentiment was weak yesterday after Customs Street finished with 27 price gainers and 28 price losers, indicating a negative market breadth index.
LivingTrust Mortgage Bank shed 9.90 per cent to trade at N3.73, McNichols depleted by 9.00 per cent to N2.73, Livestock Feeds crashed by 7.75 per cent to N6.55, Regency Alliance slumped by 6.56 per cent to N1.14, and UPDC lost 6.14 per cent to close at N5.96.
Conversely, NCR Nigeria gained 9.95 per cent to quote at N30.95, University Press improved by 9.80 per cent to N5.60, Tantalizers appreciated by 9.79 per cent to N2.58, Caverton expanded by 9.57 per cent to N5.15, and Union Dicon grew by 9.52 per cent to N6.90.
When the bourse ended for the session, the All-Share Index (ASI) was down by 173.26 points to 144,986.51 points from 145,159.77 points and the market capitalisation retreated by N110 billion to N92.219 trillion from N92.329 trillion.
Business Post reports that the commodity and the industrial goods indices were flat yesterday, while the insurance counter was up by 0.13 per cent.
However, the banking sector declined by 0.90 per cent, the energy space shrank by 0.04 per cent, and the consumer goods industry crumbled by 0.02 per cent due to profit-taking.
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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