Economy
Selling Pressure Further Weighs Down Nigerian Equities by 0.90%
By Modupe Gbadeyanka
It was another downtrend on the floor of the Nigerian Stock Exchange (NSE) on Tuesday as a result of continued profit-taking by investors.
Business Post reports that selling pressures witnessed across the market on heavyweight equities Nestle Nigeria, Dangote Cement and others dragged the market into the red zone.
At the close of trading activities, the stock market recorded a 0.90 percent loss with the Year-to-Date (YtD) gain closing at -1.67 percent.
The market breadth ended negative today with 13 price gainers and 28 price losers.
Nestle Nigeria led the 28 price losers with N65 of its share value lost today to settle at N1510 per share.
It was followed by Mobil Oil Nigeria, which went down by N9.90k to close at N190 per share, and Lafarge, which depreciated by N1.50k to end at N39.45k per share.
Dangote Cement declined by N1.30k to close at N222.80k per share, while Cadbury Nigeria fell by 70 kobo to settle at N12.30k per share.
On the flip side, Beta Glass had a better day today with its shares rising by N4.15k to close for the day at N90.45k per share.
Unilever Nigeria gained N2.50k to finish at N55 per share, while Nigerian Breweries appreciated by 80 kobo to end at N113.90k per share.
Red Star Express went up by 50 kobo to close at N6.50k per share, while Custodian and Allied grew by 38 kobo to finish at N5.50k per share.
Unlike yesterday, the volume and value of equities exchanged by investors appreciated today by 0.45 percent and 42.38 percent respectively.
Investors traded a total of 257.4 million shares on Tuesday in 3,932 deals worth N2.7 billion against the 256.2 million shares transacted on Monday valued at N1.9 billion.
The Financial Services sector led the activity chart with 109.8 million shares exchanged for N1.4 billion, while the Natural Resources sector followed with 100 million shares traded for N20 million.
Multiverse Resources emerged the most active stock at the market today with 100 million shares sold for N20 million.
Zenith Bank followed with 16.5 million shares sold for N403.3 million, and GTBank, which transacted 13 million units for N516 million.
Access Bank exchanged 12.9 million shares worth N133 million, while FBN Holdings sold 10.8 million equities for N114 million.
A look at the major market indices showed that the All-Share Index (ASI) depreciated today by 341.80 points to close at 37,605.12 points, while the market capitalisation decreased by N124 billion to finish at N13.622 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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