Economy
Value of Equities on NASD Exchange Rises by 2.78% in One Week
By Adedapo Adesanya
The value of securities on the NASD Over-the-Counter (OTC) Securities Exchange increased by 2.78 per cent last week as a result of the growth recorded by four companies on the trading platform.
These firms were Central Securities Clearing Systems (CSCS) Plc, FrieslandCampina WAMCO Nigeria Plc, Nipco Plc, and Niger Delta Exploration and Production (NDEP) Plc.
On the part of NIPCO, it gained 10.00 per cent to close the week at N73.70 per unit compared with the previous N67 per unit. Friesland appreciated by 5.90 per cent to finish the week at N128.50 per unit in contrast to the previous N121.23 per cent.
In addition, CSCS improved by 5.90 per cent to settle at N18.56 per share as against the previous N17.53 per share, while NDEP gained 2.60 per cent to sell for N300 per share versus the preceding week’s N292.48 per share.
These stocks expanded the value of the exchange by N14.87 billion last week to N549.61 billion from N534.74 billion and increased the NASD Unlisted Securities Index (NSI) by 20.92 points to 773.22 points from the previous 752.30 points.
Despite the gains, the NASD Exchange witnessed a price decliner and this was the Nigerian Exchange Group Plc, which dropped 1.80 per cent to trade at N20.80 per unit compared with N21.17 per unit of the earlier week.
In the 22nd trading week of the year, there was a 70.2 per cent decrease in the total value of securities transacted by investors as shares worth N22.2 million exchanged hands in contrast to N744. 3 million of the previous week.
In the same vein, the volume of shares traded by the market participants went down by 26.3 per cent to 12.5 million units from 24.8 million units of the previous week.
Likewise, there was a 13.7 per cent decline in the number of deals as 202 deals were executed compared with the 234 deals of the preceding week.
At the close of the week, NGX Group was the most traded securities by volume with 8.1 million units. Lighthouse Financial Services Plc traded 3.4 million units, CSCS Plc exchanged 461,085 units, Friesland transacted 109,875 units, while Nipco Plc traded 100,000 units.
In terms of the value of trades in the week, NGX Group topped with N164.9 million, NDEP Plc traded N14.6 million, Friesland posted N13.1 million, Nipco Plc recorded N8.4 million, while Nipco Plc had N7.4 million.
So far in the year, investors have traded a total of 368,556,255 securities worth N8.1 billion in 2076 deals, according to data obtained by Business Post.
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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