Economy
Volume of Shares Traded on Nigerian Stock Exchange Drops by 623m in 5 Days
By Dipo Olowookere
The volume of equities transacted on the floor of the Nigerian Stock Exchange (NSE) during the five trading days of last week depreciated by 623 million, Business Post reports.
During the week, a total turnover of 1.219 billion shares worth N17.3 billion in 17,362 deals were traded compared with a total of 1.842 billion shares valued at N16.6 billion that exchanged hands the previous week in 18,941 deals.
The Financial Services industry, measured by volume, led the activity chart with 842.8 million shares valued at N9.6 billion traded in 9,231 deals, contributing 69.15 percent and 55.31 percent to the total equity turnover volume and value respectively.
The Consumer Goods industry followed with 113.7 million shares worth N4.7 billion in 3,120 deals, while the third place was occupied by Services industry with a turnover of 105.6 million shares worth N519.8 million in 593 deals.
Trading in the top three equities; Access Bank, Zenith Bank and Nigerian Aviation Handling Company (NHACO), measured by volume, accounted for 497.5 million shares worth N6.6 billion in 2,251 deals, contributing 40.82 percent and 38.19 percent to the total equity turnover volume and value respectively.
During the week, 21 equities appreciated in price, lower than 27 in the previous week, while 55 equities depreciated in price, higher than 45 equities of the previous week, and 93 equities remained unchanged, lower than 97 equities recorded in the preceding week.
The NSE All-Share Index and market capitalization depreciated by 0.62 percent to close the week at 37,392.77 points and N13.546 trillion respectively.
Similarly, all other indices finished lower with the exception of the NSE Oil/Gas and the NSE Lotus II Indices that appreciated by 0.71 percent and 0.37 percent respectively.
Also traded during the week were a total of 13,517 units of Federal Government valued at N 14.899 million executed in 30 deals compared with a total of 2,359 units valued at N2.188 million transacted the previous week in 24 deals.
Furthermore, a total of 79,304 units of Exchange Traded Products (ETPs) valued at N1.491 million executed in 18 deals were transacted compared with a total of 25,220 units valued at N454,438.90 that was traded in the previous week in 4 deals.
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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