By Aduragbemi Omiyale

The securities of DN Tyre and Rubber Plc, and Greif Nigeria Plc have been delisted by the regulatory arm of the Nigerian Exchange (NGX) Group Plc, NGX Regulation Limited.

A statement signed by the Head of the Issuer Regulation Department of NGX RegCo, Mr Godstime Iwenekhai, said the delisting became effective on Thursday, April 9, 2026.

In the notice issued yesterday, it was further disclosed that the action complied with the provisions of Clause 14 of the Amended Form of General Undertaking, for Listing on Nigerian Exchange Limited General Undertaking.

According to this clause, “The exchange reserves the right to, at its sole and absolute discretion, suspend trading in any listed securities of the Issuer, delist such securities, or remove the name of the issuer (listed company) from the daily official list of the exchange with or without prior notice to the issuer, upon failure of the issuer to comply with any one or more of the provisions of this General Undertaking, or when in its sole discretion, the exchange determines that such suspension of trading or delisting is in the public interest, or otherwise warranted.”

It was explained that the shares of the two firms were delisted because they fell below the listing standards.

“The securities of DN Tyre and Rubber Plc and Greif Nigeria have been delisted from the facilities of Nigerian Exchange Limited (NGX) effective Thursday, April 9, 2026, on the grounds that the companies are operating below the listing standards of NGX and their securities are no longer considered suitable for continued listing and trading in the market,” the disclosure noted.

By Adedapo Adesanya

The Naira further appreciated against the US Dollar in the various segments of the foreign exchange (FX) market on Thursday, April 9.

At the black market, the Nigerian currency improved its value yesterday by N20 to quote at N1,390/$1 compared with the previous day’s rate of N1,410/$1.

In the Nigerian Autonomous Foreign Exchange Market (NAFEX) window, the domestic currency gained N12.50 or 0.9 per cent against the greenback to trade at N1,359.32/$1, in contrast to midweek’s price of N1,371.82/$1.

In the same official market, the local currency gained N14.89 against the Euro to sell at N1,589.18/€1 versus N1,604.07/€1, and traded flat against the Pound Sterling at N1,844.83/£1.

Data from the Central Bank of Nigeria (CBN) showed that turnover increased to N71.156 million across 115 deals, suggesting that banks’ customers’ demand for foreign payments eased slightly on the day.

The local currency has been in strong demand from foreign portfolio investors seeking to purchase OMO bills and other fixed-income instruments.

External reserves, which provide the CBN with firepower to support the currency, declined for the 13th consecutive session, falling by about $840 million to $49.18 billion as of April 1 from $50.02 billion recorded on March 11, according to CBN data.

The persistent drawdown reflects mounting external pressures tied to heightened geopolitical tensions in the Middle East, which analysts say have dampened investor appetite for frontier markets and weakened capital inflows into Nigeria.

In the cryptocurrency market, prices tapped into optimism as geopolitical tensions over a fragile Iran ceasefire and a partial reopening of the Strait of Hormuz keep markets cautious and oil prices volatile.

Market analysts noted that if the ceasefire survives through the weekend and the Strait opens further, momentum will build for risk assets like crypto. However, if Iran’s grievances escalate or President Donald Trump’s rhetoric shifts, prices may crater.

Bitcoin (BTC) appreciated by 1.6 per cent to $71,989.47, Dogecoin (DOGE) expanded by 1.5 per cent to $0.0928, Solana (SOL) added 1.4 per cent to sell for $83.34, Ripple (XRP) jumped 1.1 per cent to $1.34, Cardano (ADA) went up by 0.8 per cent to $0.2518, TRON (TRX) grew by 0.7 per cent to $0.3195, Ethereum (ETH) increased by 0.6 per cent to $2,192.07, and Binance Coin (BNB) climbed 0.4 per cent to $601.29, while the US Dollar Tether (USDT) and the US Dollar Coin (USDC) remained unchanged at $1.00 each.

By Dipo Olowookere

The Nigerian Exchange (NGX) further gained 0.28 per cent on Thursday amid sustained bargain-hunting across the key sectors of the market.

According to data, the banking counter appreciated by 1.12 per cent, the insurance index went up by 0.67 per cent, the consumer goods sector improved by 0.44 per cent, the energy space grew by 0.43 per cent, and the industrial goods segment expanded by 0.18 per cent.

Consequently, the All-Share Index (ASI) increased by 87.03 points to 202,672.56 points from 202,585.53 points and the market capitalisation added N55 billion to settle at N130.459 trillion compared with Wednesday’s N130.404 trillion.

Business Post reports that the market breadth index was flat yesterday, with 31 price gainers and 31 price losers.

Trans Nationwide Express gained 9.94 per cent to close at N3.43, International Energy Insurance appreciated by 9.84 per cent to N3.46, UPDC REIT advanced by 9.63 per cent to N7.40, Guinea Insurance rose by 9.52 per cent to N1.15, and Regency Alliance went up by 9.52 per cent to N1.07.

On the flip side, Living Trust Mortgage Bank lost 10.00 per cent to trade at N4.32, RT Briscoe crashed by 9.94 per cent to N8.88, Tantalizers contracted by 9.55 per cent to N3.98, Livestock Feeds moderated by 9.40 per cent to N6.75, and VFD Group retreated by 8.85 per cent to N10.30.

The most active stock for the day was Access Holdings with 121.7 million units worth N3.2 billion, GTCO transacted 62.3 million units valued at N8.1 billion, Chams exchanged 60.7 million units for N187.4 million, Zenith Bank traded 43.7 million units worth N4.9 billion, and UBA sold 29.0 million units valued at N1.3 billion.

At the close of business, market participants bought and sold 652.9 million units for N39.8 billion in 51,101 deals compared with the 1.0 billion units worth N40.6 billion transacted in 52,723 deals at midweek, indicating a decline in the trading volume, value, and number of deals by 34.71 per cent, 1.97 per cent, and 3.08 per cent, respectively.