Economy
Traders Transact 110.8m Shares on NASD Exchange Friday
By Adedapo Adesanya
The last trading session of the week at the NASD Over-the-Counter (OTC) Securities Exchange ended flat on Friday, March 6, 2020 despite the significant rise in the trading volume and value.
Business Post gathered from the NASD OTC Exchange that the trading volume rose by 4,815,423.43 percent or 110.8 million units to 110.8 million units from 2,300 units recorded at the previous trading day.
In a similar trend, the transaction value rose by 26,156 percent or N165.7 million to N166.4 million from N633,741 recorded on Thursday.
Despite this, the key performance barometers of the unlisted securities market in the country remained unchanged.
The NASD Unlisted Securities Index (NSI) stayed at 692.79 points, while the market capitalisation remained at N498.09 billion. Also, the market closed with no advancer or decliner.
The exchange only recorded a movement once this week and this was on Wednesday, when it depreciated by 1.09 percent as a result of the loss printed by the Niger Delta Exploration and Production (NDEP) Plc.
At yesterday’s trading session, there was a growth in the number of deals executed by market participants, who carried out a total of 13 deals in contrast to five deals on Thursday. This indicated that the number of deals was 160 percent or eight deals higher.
An analysis revealed that of the 13 deals, Nipco Plc recorded 4 deals, followed by FrieslandCampina WAMCO Plc and Niger Delta Exploration and Production (NDEP) Plc with 3 deals each, while Afriland Properties made 2 deals, with Food Concepts Plc doing a single deal.
Insurance company, ARM Life Plc, remained as the most traded equity by volume (year-to-date) as at the close of transactions on Friday, trading 7.4 billion units of shares worth N4.6 billion.
Food Concept Plc followed in second place with 110 million units traded at N77 million, while Central Securities Clearing Systems (CSCS) Plc came in third place with 12.4 million units of shares worth N141.6 million.
In terms of the most active stock at the NASD Exchange by value (year-to-date), ARM Life Plc maintained its number one position after trading 7.4 billion units worth N4.6 billion.
On the second spot was NDEP Plc, which has sold 5.9 million units worth N1.8 billion, while Friesland, which has exchanged 1.7 million units of its shares valued at N208 million, took the number three spot on the chart.
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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