Economy
Unlisted Securities Record First W-o-W Loss in Nine Weeks
By Adedapo Adesanya
For the first time in nine weeks, the NASD Over-the-Counter (OTC) Securities Exchange posted its first week-on-week loss in nine weeks last week after closing lower by 3.6 per cent.
The unlisted securities market finished in the negative territory in Week 23 as a result of profit-taking activities by investors, who recalibrated their investment portfolios in light of attractive yields in the fixed-income market.
Consequently, the market capitalisation decreased by 75 billion in the five-day trading week to N2.036 trillion from the N2.111 trillion achieved in the previous week, and the NASD Unlisted Security Index (NSI) went down by 55.07 points to 1,486.12 points from the 1,541.19 points quoted in Week 22.
Business Post reports that FrieslandCampina Wamco Nigeria Plc topped the losers’ chart in the week after going down by 20.1 per cent to N41.34 per share from the previous week’s N51.71 per share, Aradel Holdings Plc depleted by 5.7 per cent to close at N4,755.17 per unit versus the preceding week’s N5,044.39 per unit, and Geo-Fluids Plc shrank by 4.3 per cent to N2.00 per share from N2.09 per share.
Conversely, Central Securities Clearing System (CSCS) Plc gained 7.4 per cent to end at N19.99 per unit versus N18.61 per unit, and Afriland Properties Plc increased by 2.9 per cent to N17.70 per share from N17.20 per share.
The total volume of transactions last week rose by 60.3 per cent to 6.8 million units from 4.2 million units, while the total value of trades plunged by 72.6 per cent to N720 million from N2.64 billion, and the number of deals went down by 23.4 per cent to 236 trades from 308 deals.
UBN Property Plc was the most traded security by volume with 2.8 million units, Geo-Fluids Plc exchanged 2.6 million units, FrieslandCampina Wamco Nigeria Plc recorded 0.77 million units, Afriland Properties Plc sold 0.35 million units, and CSCS Plc traded 0.17 million units.
Aradel Holdings closed as the most active stock by value in the week with N669.4 million, FrieslandCampina Wamco Nigeria Plc posted N35.4 million, Afriland Properties Plc recorded N5.8 million, Geo-Fluids Plc achieved N5.0 million and UBN Property Plc transacted N4.6 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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