Economy
CWG, Juli, Others Revive Stock Exchange by 0.32%
By Dipo Olowookere
The local stock exchange bounced back by 0.32 per cent on Wednesday after investors chew through the interest rate hike by the Central Bank of Nigeria (CBN) the previous day.
After perusing the implication of the CBN’s action on the economy and the market, traders embarked on bargain-hunting, helping the Nigerian Exchange (NGX) Limited to finish in the green territory at the close of transactions.
The banking index grew by 3.01 per cent in the midweek, the insurance counter appreciated by 0.12 per cent, and the industrial goods space rose by 0.07 per cent, while the consumer goods counter depreciated by 0.11 per cent, with the energy sector closing flat.
When trading activities ended for the day, the All-Share Index (ASI) went up by 331.17 points to 104,283.64 points from 103,952.47 points, and the market capitalisation increased by N187 billion to N58.963 trillion from N58.776 trillion.
Investor sentiment was bullish on Wednesday after the bourse ended with 29 price gainers and 20 price losers, representing a positive market breadth index.
CWG was the biggest price gainer during the session after it improved its value by 10.00 per cent to N7.15, Juli rose by 9.97 per cent to N9.49, FTN Cocoa expanded by 9.94 per cent to N1.77, Consolidated Hallmark jumped by 9.72 per cent to N1.58, and Livestock Feeds grew by 9.70 per cent to N1.81.
Conversely, Northern Nigerian Flour Mills ended the day as the biggest price loser after it shed 9.97 per cent to trade at N48.30, Prestige Assurance depreciated by 9.68 per cent to 56 Kobo, Omatek fell by 8.86 per cent to 72 Kobo, Veritas Kapital weakened by 8.57 per cent to 64 Kobo, and May & Baker declined by 8.33 per cent to N5.50.
A total of 488.6 million equities worth N12.2 billion exchanged hands in 10,171 deals yesterday compared with the 374.4 million equities valued at N11.3 billion traded in 8,689 deals the previous day, representing an improvement in the trading volume, value, and the number of deals by 30.50 per cent, 7.97 per cent, and 17.06 per cent apiece.
Access Holdings closed the day as the busiest stock after it transacted 83.6 million units valued at N2.0 billion, Zenith Bank traded 53.2 million units worth N2.3 billion, UBA exchanged 49.7 million units valued at N1.4 billion, GTCO traded 49.5 million units worth N2.5 billion, and Transcorp sold 48.1 million units for N646.5 million.
Economy
NGX Group’s 65th Annual General Meeting Holds April 29
By Aduragbemi Omiyale
The 65th Annual General Meeting (AGM) of the Nigerian Exchange (NGX) Group Plc has been fixed for Wednesday, April 29, 2026, at 11:00 am at its corporate head office on 2–4 Customs Street, Lagos.
Business Post gathered that the meeting would be streamed live on the company’s website and social media platforms to enable broader participation by shareholders and stakeholders unable to attend physically.
As part of a special business, shareholders will consider a proposed bonus issue of one new ordinary share for every three existing shares held as at the close of business on April 10, 2026, subject to regulatory approvals.
The proposal also includes an increase in the organisation’s share capital from N1,102,309,954 to N1,469,746,605, to accommodate the bonus shares and amendments to the Memorandum of Association to reflect the new capital structure.
Also at the gathering, shareholders will consider and, if deemed fit, approve the company’s audited financial statements for the year ended December 31, 2025, alongside the reports of the directors, auditors, board evaluation consultants, and audit committee.
The meeting will also deliberate on the declaration of a final dividend and the re-election of three non-executive directors retiring by rotation, who are Mr Umaru Kwairanga, Mrs Ojinika Olaghere, and Dr Okechukwu Itanyi.
Other ordinary business items on the agenda include authorising the board to fix the remuneration of the external auditors, determining the remuneration of managers, and electing members of the statutory audit committee.
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.
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