Economy
Seplat Drags Bears Back to Nigerian Stock Market
By Dipo Olowookere
The Nigerian Stock Exchange (NSE) closed on a negative note by 0.14 percent on Wednesday following the return of bears to the market caused by losses recorded by Seplat and 16 other stocks.
Seplat, which topped the losers’ chart during the midweek trading session, went down by N2 to finish at N638 per share.
It was followed by Lafarge, which declined by N1.70k to close at N15.70k per share, and Presco, which lost N1.25k to end at N64.50k per share.
Dangote Sugar depreciated by 45 kobo to settle at N13 per share, while GTBank fell by 25 kobo to close at N37.05k per share.
At the other side of the table, Nigerian Breweries emerged as the highest price gainer, rising by 50 kobo to finish at N81.50k per share.
Fidson put up a good performance yesterday by growing by 40 kobo to close at N4.90k per share, while Red Star Express appreciated by 30 kobo to end at N4.50k per share.
UBA moved up by 20 kobo to close at N8 per share, while Zenith Bank increased by 15 kobo to settle at N24 per share.
Unlike the previous session, the volume and value of shares traded by investors improved by 200.79 percent and 236.45 percent respectively.
While the volume of equities transacted moved to 450.1 million from 149.7 million, the value rose to N9.4 billion from N2.8 billion.
However, the number deals recorded on Wednesday depreciated to 2,858 from 3,063 deals achieved on Tuesday.
On the activity chart, the Financial Services sector topped with 418 million shares exchanged for N8.7 billion, while the Consumer Goods sector followed with 10.3 million equities sold for N189 million.
A further breakdown showed Zenith Bank emerging as the most traded stock after exchanging 288.3 million units worth N6.9 billion.
FBN Holdings sold 41 million shares valued at N303.5 million, while GTBank traded 33.7 million equities for N1.3 billion.
FCMB transacted 11.2 million shares for N18.6 million, while Access Bank exchanged 9.4 million shares worth N74.1 million.
A look at the major market indices showed that the All-Share Index (ASI) reduced by 45.73 points to settle at 32,108.30 points, while the market capitalisation decreased by N17 billion to close at N11.722 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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