Economy
NSE: Stock Market Gains N87b As Index Rises By 0.98%

By Modupe Gbadeyanka
Transactions resumed on the Nigerian Stock Exchange (NSE) on Tuesday after the market closed last Friday.
There were no trading activities on Monday due to the public holiday declared by the Federal Government to mark Eid-El-Maulud, a day set aside for Muslims to celebrate the birth of Prophet Mohammed.
At the resumption of trading today, the stock market maintained its positive posture with the market indices jerking up by 0.98 percent.
Business Post correspondent reports that at the close of transactions, the Financial Services industry was the investors’ delight as it dominated the most traded chart.
Wema Bank, Diamond Bank, FCMB and GTBank topped the most traded stocks’ table, recording a total of 282.1 million of shares sold at N540.5 million.
Also, a total of 23 equities at the stock market appreciated in value today, while 14 stocks depreciated and 11 equities stayed stagnant.
In the same vein, the all-share index rose by 253.47 points or 0.98 percent to end at 26,071.16 points, while the market capitalisation grew by N87 billion to finish at N8.97 trillion.
Likewise, the amount of money staked on equities at the stock market today was N775 million higher than what was achieved last Friday.
While investors staked N1.64 billion on 108.5 million in 2,512 deals last Friday, they pumped N2.4 billion on 377 million shares today, which were executed in 2,885 deals.
Business Post correspondent reports further that Seplat recorded the highest price gain to lead the gainers’ chart after appreciating by N34.85k to close at N374.85k per share.
Total Plc trailed after going up by N13.80k to finish at N289.85k per share and Forte Oil went up N10.88k to end at N117.11k per share.
Also, Dangote Cement rose by N2 to close at N162 per share, while GTBank improved by 46k to finish at N23.80k per share.
But at the other end, Mobil topped the losers’ chart with a loss of N5 to close at N300 per share, while Guinness followed after dropping N2.30k to finish at N75.60k per share.
Similarly, 7up fell by N1 to close at N129 per share, Union Bank declined by 21k to end at N4.26k per share and Zenith Bank slumped by 16k to close at NN14.34k 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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