Economy
Investors Transact 1.804 billion Equities Worth N52.040bn in Four Days
By Dipo Olowookere
In four days, investors transacted 1.804 billion equities worth N52.040 billion in 38,550 deals on the floor of the Nigerian Exchange (NGX) Limited compared with the 1.735 billion equities valued at N48.755 billion traded in 45,237 deals in the previous week.
The market only opened for four sessions in the week under review due to the public holiday observed last Friday for Good Friday celebrated by Christians.
GTCO, Zenith Bank, and Access Holdings were the busiest after trading 589.939 million shares worth N23.276 billion in 8,166 deals, contributing 32.70 per cent and 44.73 per cent to the total trading volume and value, respectively.
As usual, financial stocks led the activity chart with 1.329 billion units worth N32.924 billion exchanged in 20,897 deals, contributing 73.65 per cent and 63.27 per cent to the total trading volume and value, respectively.
Conglomerates equities followed with 106.728 million units worth N1.467 billion in 2,368 deals, and the consumer goods shares worth 87.708 million units worth N4.220 billion in 4,731 deals.
Business Post reports that 40 equities appreciated during the week versus 50 equities in the previous week, 31 stocks depreciated versus 32 stocks in the preceding week, and 83 stocks closed flat versus 72 stocks recorded a week earlier.
CWG topped the gainers’ table after it chalked up 26.05 per cent to trade at N7.50, Morison Industries appreciated by 24.82 per cent to N1.76, Juli expanded by 20.74 per cent to N9.49, Sunu Assurances grew by 17.24 per cent to N1.36, and Consolidated Hallmark rose by 16.43 per cent to N1.63.
On the flip side, International Breweries led the losers’ group after it shed 14.26 per cent to close at N4.45, Dangote Sugar lost 11.86 per cent to trade at N52.00, Guinea Insurance fell by 10.26 per cent to 35 Kobo, Northern Nigerian Flour Mills depreciated by 9.97 per cent to N48.30, and FTN Cocoa declined by 9.09 per cent to N1.60.
The bourse recorded a week-on-week loss of 0.08 per cent after the All-Share Index (ASI) and the market capitalisation went down to 104,562.06 points and N59.121 trillion, respectively.
Also, the NGX Main Board, NGX 30, consumer goods, and growth indices closed lower by 0.28 per cent, 0.16 per cent, 0.97 per cent and 0.14 per cent, respectively, while other indices finished higher, with the energy and sovereign bond indices closing flat.
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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