Economy
NSE Investors Lose N182b Thursday as YtD Returns Drop to -0.36%
By Modupe Gbadeyanka
For the first time this year, the Year-to-Date (YtD) returns slipped into the negative territory as pressure continue to mount on the Nigerian Stock Exchange (NSE).
The stock market went down at the close of Thursday’s trading by 1.30 percent with the YtD gain finishing at -0.36 percent.
This is as all sectors suffered declines at the market today except the insurance sector, NSEINS10, which went up by 0.23 percent.
The NSEFBT10 lost 2.59 percent, NSEIND depreciated by 2.13 percent, NSEBNK10 dropped 1.10 percent and NSEOILG5 fell by 0.34 percent.
Business Post reports that the All-Share Index (ASI) lost 501.87 points today to settle at 38,104.54 points, while the equity capitalisation decreased by N181.8 billion to finish at N13.803 trillion.
Like in the previous sessions, the market breadth ended negative today with 21 price risers and 28 price fallers.
The market saw Nestle Nigeria emerging as the worst performer on Thursday after going down by N67.50k to close at N1472.50k per share.
It was followed by Okomu Oil, which declined by N5 to close at N80 per share, and International Breweries, which fell by N4.75k to settle at N44.50k per share.
Forte Oil lost N3.70k to close at N37 per share, while Dangote Cement depreciated by N2.50k to finish at N240 per share.
However, it was a very good trading day for Seplat as its shares went up by N8.50k to end the day at N743.20k per share.
It was trailed by Unilever Nigeria, which increased by N2.45k to close at N51.45k per share, and CCNN, which also rose by N2.45k per share to finish at N26.65k per share.
FBN Holdings garnered 55k at the market today to close at N10.15k per share, while Dangote Sugar chalked up 45k to end at N17.45k per share.
Business Post reports that despite the poor performance by the equity market on Thursday, activities on the floor of the NSE, like yesterday, boomed.
At the close of transactions, the volume of stocks exchanged by investors increased by 372.86 percent, while the value appreciated by 1402.36 percent.
A total of 1.6 billion shares were traded by investors today in 5,166 deals worth N71.2 billion in contrast to the 342 million equities sold in 5,057 deals valued at N4.7 billion.
It was observed that the Financial Services sector led the activity chart with 1.6 billion shares exchanged for N69.1 billion followed by the Oil and Gas sector, which sold 21.8 million shares valued at N193 million.
A further breakdown of the trades showed that Stanbic IBTC led the activity chart with 1.2 billion units worth N61.6 billion.
It was followed by Zenith Bank, which sold 127.2 million equities valued at N3.3 billion, and GTBank, which exchanged 74 million shares for N3 billion.
UBA transacted 65.6 million shares valued at N700.8 million, while Sterling Bank sold 29.8 million equities worth N36.3 million.
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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