Economy
NSE Index Rebound by 0.45% as Services Stocks Lead Activity Chart
By Dipo Olowookere
Major market indices at the local bourse pointed north on Monday, reversing the disappointing finish last Friday.
At the close of transactions today, the Nigerian Stock Exchange (NSE) ended 0.45 percent higher as a result of gains recorded by stocks in the banking space.
The All-Share Index (ASI) went up by 175.09 points to close at 38,844.32 points, while the market capitalisation grew by N63.4 billion to settle at N14.071 billion.
Business Post reports that there was a huge demand in a stock in the Services sector of the market, emerging the most active sector at the close of business.
A total of 282.6 million shares valued at N712 million in the Services sector were sold on Monday, while the 254.4 million equities in the Financial Services worth N1.8 billion exchanged hands.
Ikeja Hotels topped the activity chart with 279.6 million shares worth N705 million traded by investors at the market today.
It was followed by UCAP, which sold 79.1 million equities worth N254 million, and Africa Prudential, which exchanged 56.8 million shares valued at N242.9 million.
Dangote Sugar traded 32.5 million equities worth N641.9 million, while Access Bank transacted 22.4 million shares for N241.1 million.
In all, a total of 603.2 million shares exchanged hands on Monday in 3,832 deals worth N3.9 billion against the 210 million equities sold last Friday in 4,141 deals valued at N3.9 billion.
The market breadth finished positive today with 32 appreciating stocks and 21 depreciating equities recorded at the market.
It was a good day for Presco as its shares went up by N3.35k to finish the day at N73.70k per share.
NASCON followed with N1.60k added to its share value to settle at N24 per share, and Nigerian Breweries, which increased by N1 to end at N118 per share.
Flour Mills garnered 60 kobo to close at N33 per share, while GTBank appreciated by 45 kobo to settle at N41.60k per share.
Conversely, Lafarge emerged the heaviest price loser after losing 75 kobo to finish at N39.05k per share.
It was trailed by Berger Paints, which went down by 45 kobo to close at N8.55k per share, and Eterna, which declined by 31 kobo to end at N6.25k per share.
BOC Gas depreciated by 22 kobo to settle at N4.21k per share, while CCNN reduced by 10 kobo to close at N26.50k 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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