Economy
Stock Investors Gain N224bn
By Dipo Olowookere
A total of N224 billion was gained by investors at the nation’s stock market on Wednesday as the interest in the market continues to rise due to the low yield environment in the fixed income space.
The gain increased the market capitalisation of the Nigerian Stock Exchange (NSE) to N18.167 trillion yesterday from N17.943 trillion the previous day. It further expanded the All-Share Index (ASI) by 428.44 points to 34,769.00 points from 34,340.56 points.
Business Post reports that more transactions were recorded at the midweek session and resulted in the 19.02 per cent rise in the trading volume to 434.9 million shares from 365.4 million shares traded on Tuesday.
Also, the value of stocks transacted by investors rose by 47.35 per cent to N6.9 billion from N4.7 billion, while the number of deals increased by 11.13 per cent to 7,029 deals from 6,325 deals.
The majority of the trades were from the banking stocks, though Transcorp was the most active equity at the session, transacting 84.5 million units worth N84.3 million.
Zenith Bank traded 59.2 million stocks for N1.5 billion, Access Bank exchanged 29.9 million equities valued at N258.5 million, UBA traded 26.2 million shares for N221.1 million, while FBN Holdings exchanged 25.6 million equities valued at N189.9 million.
The market breadth was positive on Wednesday with 37 gainers as against 11 losers and Airtel Africa was the highest price gainer of the session with the addition of N10 to its share price to close at N535 per unit.
Dangote Cement gained N5.20 to trade at N205 per share, Flour Mills appreciated by N2.50 to end at N27.90 per share, Julius Berger gained N1.20 to sell at N18.50 per share, while Dangote Sugar appreciated by N1.15 to finish at N20.65 per unit.
On the other hand, CAP was the worst-performing stock yesterday as its equity price went down by 65 kobo to N21.50 per share.
International Breweries depreciated by 40 kobo to N6.55 per unit, Oando lost 19 kobo to close at N2.71 per share, Union Bank declined by 10 kobo to N5.80 per unit, while Trans-Nationwide Express depreciated by 9 kobo to 87 kobo per share.
Apart from the energy sector, which lost 0.56 per cent on Wednesday, every other industry closed positive with the banking space the best-performer as a result of the 1.59 per cent growth it recorded.
The industrial goods counter gained 1.58 per cent, the insurance space grew by 1.38 per cent, while the consumer goods sector appreciated by 0.74 per cent.
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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