Economy
Transactions at NSE Worsen as 23 Stocks Close in Red
By Dipo Olowookere
The price of 23 stocks at the nation’s exchange depreciated on Tuesday on sustained cautious trading and profit-taking by market participants.
Situations in the country, especially the one caused by COVID-19, have made investors observe happenings from a safe position.
This has caused the Nigerian Stock Exchange (NSE) to continue to bleed and yesterday, the exchange recorded its fourth consecutive loss and eighth decline in nine trading sessions.
At the close of transactions on Tuesday, the market slipped marginally by 0.02 percent, leading to a 3.86 decline in the All-Share Index (ASI), which settled at 24,750.06 points as against the previous day’s 24,753.92 points.
Business Post reports that in the same vein, the market capitalisation decreased during the session by N2 billion to finish at N12.911 trillion in contrast to N12.913 trillion it ended on Monday.
MTN Nigeria, which led the nine-member gainers’ gang, was the highest price riser of the trading day, appreciating by N1.90 to sell at N118 per unit.
Flour Mills gained 30 kobo to trade at N20 per share, Zenith Bank improved by 10 kobo to settle at N16.25 per share, UAC Property expanded by 7 kobo to 98 kobo per unit, while Oando grew by 5 kobo to quote at N2.50 per share.
On the flip side, Dangote Sugar was the biggest price loser yesterday with a loss of N1.30 to close at N11.90 per share, while Nigerian Breweries followed with a decline of N1 to finish at N36 per unit.
PZ Cussons depreciated 40 kobo to quote at N4.50 per share, Ecobank lost 25 kobo to sell at N4.65 per unit, Lafarge Africa also dropped 25 kobo to trade at N11 per share, while Neimeth further depleted by 13 kobo to stay N1.26 per unit.
According to data from the exchange, the activity chart was mixed on Tuesday, with the number of deals decreasing by 1.48 percent to 3,783 deals from 3,840 deals.
However, the volume of shares traded by investors increased by 34.70 percent to 167.9 million from 124.7 million, while the value of the trades flew by 17.41 percent to N1.6 billion from N1.3 billion.
A look at how the five key sectors of the market faired yesterday showed that only the oil/gas space closed in green with an appreciation of 0.22 percent.
The consumer goods index lost 1.38 percent, the insurance counter fell by 1.27 percent, the banking index went down by 0.60 percent, while the industrial goods sector decreased by 0.18 percent.
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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