Economy
Unlisted Securities Lose 0.61% in Week 29
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange declined further in Week 29 after a 0.61 per cent week-on-week depreciation.
This trimmed the market capitalisation of the alternative bourse by N67 billion in five trading sessions in the week to N2.033 trillion from N2.045 trillion and cut down the NASD Unlisted Security Index (NSI) by 48.64 points to 1,483.28 points versus the 1,492.39 points posted in Week 28.
Business Post reports there were five price losers and three price gainers in the trading week, implying a negative market breadth index and bearish investor sentiment.
First Trust Microfinance Bank Plc led the losers with a 10.00 per cent loss to close at 36 Kobo per share versus the previous week’s 40 Kobo per share, 11 Plc shed 9.98 per cent to end at N182.70 per unit against the former value of N202.95 per unit, , Food Concepts Plc decreased by 9.77 per cent to N1.94 per unit from N2.15 per unit, Geo-Fluids Plc depreciated by 1.96 per cent to close at N2.00 per share compared with the preceding week’s N2.04 per share, and Aradel Holdings Plc slid 0.41 per cent to N4,726.11 per share from N4,745.61 per share.
On the flip side, Purple Real Estate Plc rose by 19.84 per cent to N6.79 per unit from N5.67 per unit, Afriland Properties grew by 0.95 per cent to N17.00 per share from N16.84 per share, and FrieslandCampina Wamco Plc jumped by 0.11 per cent to N47.00 per unit from the previous week’s N46.95 per unit.
The total volume of transactions plunged by 97.5 per cent to 5.7 million units from 231.3 million units, the total value of trades declined by 53.3 per cent to N2.6 billion from N5.5 billion, while the number of deals increased by 4.9 per cent to 144 trades from 136 deals.
Geo-Fluids Plc was the most traded security by volume with 2.5 million units, Purple Real Estate Plc traded 1.4 million units, Aradel Holdings Plc exchanged 0.5 million units, FrieslandCampina Wamco Plc transacted 0.41 million units, and UBN Property Plc sold 0.4 million units.
But Aradel Holdings Plc was the most active by value in the week with N2.5 billion, FrieslandCampina Wamco Plc recorded N190 million, Purple Real Estate Plc posted N70 million, Geo-Fluids Plc posted N50 million, and Central Securities Clearing System (CSCS) Plc printed N30 million.
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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