Economy
Transcorp, Oando, Fidelity Bank Stocks See Uptick in Demand
By Dipo Olowookere
Transcorp, Oando and Fidelity Bank stocks recorded an uptick in demand last week on the floor of the Nigerian Exchange (NGX) Limited.
The three firms accounted for 378.9 million shares worth N995.5 million in 2,998 deals, contributing 27.57 per cent and 8.42 per cent to the total trading volume and value respectively.
In the week, the total turnover was 1.4 billion units worth N11.8 billion in 22,982 deals in contrast to the 896.2 million units worth N5.2 billion traded in 11,714 deals a week earlier.
Financial equities dominated the trading with 715.4 million shares valued at N4.8 billion in 10,274 deals, contributing 52.06 per cent and 40.13 per cent to the total trading volume and value respectively.
Conglomerates stocks followed with 212.3 million units worth N517.6 million in 1,060 deals, while energy shares recorded 153.4 million units worth N1.6 billion in 3,076 deals.
Business Post reports that 37 equities closed on the gainers’ chart last week, lower than 43 equities of the
previous week, while 35 shares were on the losers’ log, higher than 16 shares of the earlier week, with 84 stocks closing flat, higher than 97 stocks of the preceding week.
On the gainers’ chart, Oando was on top after its value went up by 23.17 per cent to N4.89 and was trailed by BOC Gases, which grew by 19.48 per cent to sell at N9.20.
FTN Cocoa appreciated by 17.07 per cent to 48 kobo, NAHCO rose by 10.91 per cent to N2.44, while Julius Berger improved by 10.84 per cent to N22.50.
On the losers’ log, Linkage Assurance was on top with a price decline of 14.29 per cent to finish at 60 kobo and was trailed by Regency Assurance, which crashed by 12.50 per cent to 42 kobo.
UPDC depreciated by 11.11 per cent to N1.20, Learn Africa declined by 10.00 per cent to N1.35, while Pharma Deko went down by 9.92 per cent to N1.09.
At the close of transactions for the week, the All-Share Index (ASI) and market capitalisation depreciated by 0.31 per cent to 38,547.08 points and N20.084 trillion respectively.
Similarly, all other indices finished lower with the exception of NGX premium, consumer goods, energy and sovereign bond indices, which appreciated by 0.02 per cent, 0.06 per cent, 3.84 per cent and 1.97 per cent respectively, while the ASeM and growth indices closed flat.
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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