Economy
NSE Index Gains 0.54% on MTN Nigeria Listing
By Modupe Gbadeyanka
The eventual listing of MTN Nigeria shares on the premium board of the Nigerian Stock Exchange (NSE) on Thursday caused a rebound of the market indicators to the positive territory.
The equity market, which had been in the dungeon for over a week, appreciated by 0.54 percent yesterday to reduce the year-to-date loss to 9.52 percent.
At the close of business, the All-Share Index (ASI) increased by 152.11 points to finish at 28,438.19 points, while the market capitalisation significantly rose by N1.9 trillion as a result of the listing of 20.4 billion units of MTN shares at N90 each, which added about N1.8 trillion to the market value to close at N12.526 trillion against the N10.627 trillion of the previous day.
During trading yesterday, the volume of equities exchanged by investors improved by 76.73 percent to 312.4 million from 176.7 million, while the value rose by 35.38 percent to N2.8 billion from N2.1 billion.
The improvement in the transactions was buoyed by the interest in the shares Transcorp as the stock traded 105.5 million units valued at N130.1 million.
Trailing it closely were Access Bank, which sold 23.5 million units worth N153.6 million, and FCMB, which transacted 23.2 million units for N39.3 million.
UBA sold 19.7 million shares valued at N121.5 million, while Zenith Bank exchanged 16.4 million shares for N325.3 million.
On the price movement chart, Unilever Nigeria topped the risers’ table after adding N1 to its share price to finish at N32 per share.
NPF Microfinance Bank gained 13 kobo to end at N1.47k per share, while Union Bank appreciated by 10 kobo to settle at N6.85k per share.
NAHCO rose by 5 kobo to close at N3.18k per share, while ABC Transport added 2 kobo to its share value to close at 29 kobo per share.
On the flip side, Nigerian Breweries led the decliners’ chart yesterday with N2.50k going off from its opening price of N65 to close at N62.50k per share unit.
Dangote Cement lost N2 to settle at N176 per share, while Guinness Nigeria depreciated by 95 kobo to close at N49.05k per share.
GTBank declined by 60 kobo to finish at N31 per share, while Zenith Bank went down by 45 kobo to end at N19.55k per share.
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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