Economy
Zenith Bank, Fidelity Bank, Access Holdings Dominate NGX Activity Chart
By Dipo Olowookere
The trio of Zenith Bank, Fidelity Bank, and Access Holdings were the busiest shares on the floor of the Nigerian Exchange (NGX) Limited last week.
They transacted 451.558 million shares worth N13.583 billion in 10,055 deals, contributing 24.84 per cent and 28.76 per cent to the total trading volume and value, respectively.
Data showed that investors bought and sold 1.818 billion shares worth N47.226 billion in 64,222 deals in the five-day trading week compared with 1.848 billion shares valued at N51.387 billion transacted a week earlier in 63,090 deals.
The financial services industry led the activity chart with 1.260 billion shares valued at N27.817 billion traded in 29,800 deals, contributing 69.31 per cent and 58.90 per cent to the total trading volume and value, respectively.
The consumer goods sector recorded the sale of 123.336 million shares worth N3.069 billion in 7,793 deals, while the services counter sold 118.931 million shares for N832.602 million in 3,730 deals.
Business Post reports that 30 stocks appreciated during the week versus 27 stocks of the preceding week, 58 equities depreciated versus 60 equities a week earlier, and 62 shares closed flat versus 63 shares of the previous week.
Tantalizers topped the gainers’ log after it gained 36.32 per cent to settle at N2.59, UH REIT expanded by 28.59 per cent to N56.90, Livestock Feeds soared by 12.38 per cent to N8.35, NGX Group grew by 10.00 per cent to N33.00, and Learn Africa also rose by 10.00 per cent to N3.63.
On top of the losers’ table was Eterna, which lost 18.69 per cent to quote at N34.15, Transcorp shed 17.72 per cent to N46.90, FCMB declined by 14.15 per cent to N9.10, Royal Exchange slumped by 13.33 per cent to 78 Kobo, and Sovereign Trust Insurance depreciated by 13.16 per cent to 99 Kobo.
The stock exchange did not perform well last week as a result of sustained profit-taking, inspired by panic selling, leaving the All-Share Index (ASI) and the market capitalisation crumbling by 1.19 per cent and 0.71 per cent each to 106,538.60 points and N66.717 trillion, respectively.
Similarly, all other indices finished lower apart from the AseM and commodity indices, which gained 0.04 per cent and 0.19 per cent, respectively.
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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