Economy
NSE Sustains Gains by 0.19% Amid Low Trading Activity
By Dipo Olowookere
The positive momentum on the floor of the Nigerian Stock Exchange (NSE) continued on Thursday as the market closed 0.19 per cent higher.
This was despite the low trading activity witnessed during the session as the number of deals, volume of traded stocks and value went down by 5.54 per cent, 54.67 per cent and 45.21 per cent respectively.
A total of 173.7 million shares worth N2.1 billion were traded in 3,646 deals yesterday compared with the 383.3 million stocks worth N3.9 billion transacted in 3,860 deals the previous day.
The news of the injection of N25 billion into First Bank of Nigeria by its parent company, FBN Holdings, seems to have spurred investors to pick interest in the stocks.
On Thursday, the shares were the most active as investors bought and sold 29.8 million units valued at N150.3 million.
GTBank traded 12.2 million shares for N312.6 million, Custodian Investment transacted 12.9 million equities valued at N64.3 million, Transcorp sold 10.8 million stocks worth N6.7 million, while Lafarge Africa exchanged 10.0 million stocks for N116.6 million.
Business Post reports that the market breadth finished positive yesterday by 2x with a total of 20 price gainers and 10 price losers.
Seplat continued its bull run during the session with a price appreciation of N29 to close at N350 per share, while Stanbic IBTC gained N1.50 to finish at N33 per unit.
MTN Nigeria appreciated by 50 kobo to sell for N118.50 per unit, Guinness Nigeria rose by 50 kobo to N13.50 per share, while NASCON improved by 40 kobo to N10 per share.
At the other side, BUA Cement ended the day as the heaviest price loser, depreciating by 70 kobo to settle at N39.50 per share.
Union Bank lost 40 kobo to close at N5 per share, Flour Mills went down by 20 kobo to N19.20 per unit, May & Baker declined by 10 kobo to N2.80 per share, while Learn Africa lost 7 kobo to settle at 94 kobo per unit.
At the market yesterday, the energy sector gained 4.36 per cent, while the banking space rising by 0.14 per cent, with the consumer goods index appreciating by 0.09 per cent.
However, the industrial goods sector went down by 0.67 per cent, while the insurance counter depreciated by 0.02 per cent.
For the All-Share Index (ASI), it improved by 48.30 points to 24,930.34 points from 24,882.04 points, while the market capitalisation reached the N13 trillion region once again after increasing by N25 billion to N13.005 trillion from N12.980 trillion.
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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