Economy
Renewed Sell Pressure on Access Bank, 17 Others Weakens Index by 0.40%
By Dipo Olowookere
The Nigerian Exchange (NGX) Limited opened the first trading session of the new week on a wrong footing with a 0.040 per cent loss influenced by renewed sell pressure on some blue-chip stocks like Access Bank, Dangote Cement and GTCO.
During the trading day, a total of 18 equities closed in the red zone compared with the 21 stocks that landed in the green territory. However, the bears had more influence on the outcome on the market despite their few numbers.
Champion Breweries closed as the worst-performing share with a loss of 7.73 per cent to settle at N2.03, followed by Eterna with a 7.20 per cent decline to N6.96, Linkage Assurance went down by 6.45 per cent to 58 kobo, Oando fell by 5.00 per cent to N4.56, Caverton declined by 4.86 per cent to N1.76.
On the flip side, Honeywell Flour Mills ended the session as the best-performing equity after it grew by 9.86 per cent to N3.90, UPDC gained 9.84 per cent to trade at N2.01, ABC Transport rose by 9.09 per cent to 36 kobo, Presco moved up by 8.90 per cent to N79.50, while FTN Cocoa appreciated by 8.33 per cent to 52 kobo.
From the performance of the sectors, the consumer goods and insurance improved by 1.17 per cent and 0.84 per cent, while the industrial goods, energy and banking counters depreciated by 1.43 per cent, 1.15 per cent and 0.15 per cent apiece.
At the close of transactions, the All-Share Index (ASI) reduced by 158.98 points to 39,326.67 points from 39,485.65 points, while the market capitalisation decreased by N83 billion to N20.490 trillion from N20.573 trillion.
Business Post reports that Transcorp was the busiest stock at the exchange yesterday with the sale of 51.7 million units valued at N46.8 million and was trailed by Honeywell Flour with 43.7 million worth N167.9 million.
Consolidated Hallmark Insurance transacted 17.6 million equities valued at N10.6 million, Oando exchanged 16.1 million units for N71.5 million, while UPDC traded 15.1 million units valued at N29.913 trillion.
When trading activities were wrapped up for the session, a total of 301.0 million stocks worth N1.5 billion exchanged hands in 4,715 deals compared with the 232.9 million stocks worth N1.9 billion transacted last Friday in 3,351, indicating a 29.27 per cent rise in the volume of trades, a 17.03 per cent decline in the value of transactions and a 40.70 per cent growth in the number of deals.
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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