Economy
Stock Traders Execute 20,591 Deals Worth N14bn in 5 Days
By Dipo Olowookere
A total of 965.6 million stocks in the financial services industry worth N7.8 billion were transacted in 11,710 deals last week at the Nigerian Stock Exchange (NSE).
These transactions contributed 80.79 percent and 55.88 percent to the total equity turnover volume and value respectively during the five-day trading week.
An analysis showed that FBN Holdings, GTBank and Zenith Bank accounted for 582.0 million shares worth N6.4 billion in 7,185 deals, contributing 48.69 percent and 45.52% to the total equity turnover volume and value respectively.
It was also gathered that 54.8 million units of industrial goods equities valued at N1.5 billion were traded in 2,043 deals, while 54.1 million conglomerates shares worth N111.4 million exchanged hands in 460 deals.
At the close of business for the week, a total of 1.2 billion shares worth N14.0 billion in 20,591 deals were traded by investors in the week compared with the 1.5 billion shares valued at N12.9 billion traded in 20,982 deals the previous week.
Business Post reports that 25 equities appreciated in price during the week, lower than 37 equities in the previous week.
Also, 33 equities depreciated in price, higher than 21 equities in the previous week, while 105 equities remained unchanged, the same number of the preceding week.
Cadbury Nigeria was the highest price gainer, rising by 18.25 percent to close at N7.45 per share.
Wema Bank gained 10.71 percent to sell at 62 kobo per unit, NEM Insurance grew by 10.00 percent to trade at N2.20 per unit, UPDC REIT improved by 9.68 percent to quote at N3.40 per share, while University Press garnered 9.68 percent to sell at N1.05 per unit.
On the other hand, SAHCO was the worst performing stock in the week, losing 26.21 percent to trade at N1.52 per share.
UAC Nigeria lost 17.33 percent to quote at N6.20 per share, Guinness Nigeria fell by 15.63 percent to sell at N18.90 per unit, Champion Breweries also depreciated by 15.63 percent to settle at 81 kobo per share, while Oando declined by 12.21 percent to trade at N2.30 per unit.
Checking the key market performance indicators for the week, the All-Share Index (ASI) and market capitalisation both depreciated by 1.41 percent to close at 22,599.38 points and N11.778 trillion respectively.
All other indices finished lower with the exception of insurance, ASeM, Meri Growth and industrial goods indices, which appreciated by 1.17 percent, 3.55 percent, 0.96 percent and 0.71 percent 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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