Economy
Shares of John Holt Jump by 60.50% in One Week
By Dipo Olowookere
Shares of John Holt appreciated on the floor of the Nigerian Exchange (NGX) limited last week by 60.50 per cent to N7.72 from N4.81 per cent in the preceding trading week.
The company was among 39 equities that gained weight in the trading week higher than the 31 equities that appreciated in the previous trading week.
Data from the NGX indicated that in the five-day trading week, 46 shares depreciated versus 42 shares a week earlier, and 67 stocks remained unchanged, in contrast to 79 stocks in the previous week.
Business Post reports that Eunisell continued its sterling performance in the period under review after it recorded a 46.22 per cent week-on-week growth to sell for N11.99, Tantalizers grew by 33.93 per cent to 75 Kobo, Sunu Assurances jumped by 32.04 per cent to N2.72, and Flour Mills expanded by 22.89 per cent to N78.65.
On the flip side, DAAR Communications depleted by 12.12 per cent to 58 Kobo, Oando lost 10.44 per cent to quote at N62.65, VFD Group shed 10.00 per cent to trade at N40.50, Abbey Mortgage Bank slumped by 9.77 per cent to N2.40, and Ellah Lakes tumbled by 7.36 per cent to N3.40.
When trading activities ended for the week last Friday, the All-Share Index (ASI) and the market capitalisation was up on a w-o-w basis by 0.50 per cent to 97,722.28 points and N59.215 trillion, respectively.
Similarly, all other indices finished higher apart from the energy and the industrial goods indices, which depreciated by 0.29 per cent and 0.20 per cent, respectively, while the ASeM and sovereign bond indices closed flat.
A total of 1.482 billion shares worth N38.875 billion in 44,795 deals exchanged hands in the week versus the 6.468 billion shares valued at N75.745 billion traded in 48,804 deals a week earlier.
Financial stocks dominated with 1.068 billion units sold for N19.820 billion in 21,001 deals, contributing 72.04 per cent and 50.98 per cent to the total trading volume and value, respectively.
Energy shares transacted 103.143 million units worth N11.351 billion in 8,200 deals, and consumer goods stocks traded 77.198 million units valued at N2.845 billion in 4,266 deals.
Access Holdings, United Capital and UBA accounted for 433.794 million equities worth N10.274 billion in 8,790 deals, contributing 29.27 per cent and 26.43 per cent to the total trading volume and value, respectively.
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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