Economy
NSE Year-to-Date Loss Drops to 14.44% after 0.95% Rise
By Modupe Gbadeyanka
Life was returned to the Nigerian Stock Exchange (NSE) on Tuesday as a result of the 0.95 percent rise recorded by the major market indices.
This reduced the year-to-date loss to 14.44 percent at the close of business from the 15.24 percent posted in the previous trading session.
The weak performance of the market since the second quarter of this year had made the year-to-date returns remain stable in the negative territory against the over 40 percent growth the market achieved last year.
At the end of activities yesterday, the Nigerian equities market performed better, leaving the All-Share Index (ASI) increasing by 308.7 points to settle at 32,722.18 points and the market capitalisation growing by N113 billion to finish at N11.946 trillion.
The day’s positive performance was majorly influenced by the gains recorded by Dangote Cement and other high-cap stocks.
Dangote Cement appreciated yesterday by N5 to close at N205 per share, while Nigerian Breweries rose by N2.70k to finish at N88.70k per share.
Another gainer on Tuesday was Unilever Nigeria, which added N2.30k to its share price to close at N43.50k per share, Guinness Nigeria appreciated by 50 kobo to end at N79 per share, while Zenith Bank increased by 35 kobo to settle at N22.70k per share.
However, the day was not pleasant for 23 stocks led by Seplat, which lost N10 of its share value to close at N620 per share.
Beta Glass suffered N7.80k loss to end at N70.20k per share, while Julius Berger depreciated by N2.35k to finish at N21.55k per share.
Flour Mills declined by 60 kobo to quote at N20.60k per share, while Lafarge went down by 50 kobo to settle at N21 per share.
Business Post reports that Sunu Assurances Nigeria emerged the most transacted equity at the market yesterday, accounting for 500.1 million units worth N100 million.
GTBank traded 41.8 million shares valued at N1.5 billion, while Fidelity Bank exchanged 20.3 million equities for N38.7 million.
Zenith Bank traded 17.3 million shares worth N389.1 million, while FCMB exchanged 11.9 million shares for N18.8 million.
At the close of transactions, the volume of shares traded by investors increased by 624.27 percent from 91.4 million to 662 million, while the value increased by 452.82 percent from N961 million to N5.3 billion.
These trades were dominated by financial stocks, which exchanged 628.8 million units for N2.3 billion and the consumer goods stocks, which accounted for 12.4 million units valued at N414 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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