Economy
NSE: Stock Market Value Grows 1.45% to N12.7tr in 5 Days
By Modupe Gbadeyanka
In the just concluded trading week on the Nigerian Stock Exchange (NSE), the All-Share Index and Market Capitalization appreciated by 1.45 percent to close the week at 36,848.17 points and N12.684 trillion respectively.
Similarly, all other Indices finished higher during the week with the exception of the NSE ASeM Index, which closed flat.
Business Post gathered that a total turnover of 1.555 billion shares worth N13.504 billion in 18,409 deals were traded this week by investors on the floor of the NSE in contrast to a total of 1.493 billion shares valued at N15.107 billion that exchanged hands last week in 14,549 deals.
According to data obtained from the NSE website, the Financial Services Industry (measured by volume) led the activity chart with 1.365 billion shares valued at N6.507 billion traded in 10,880 deals; thus contributing 87.76 percent and 48.19 percent to the total equity turnover volume and value respectively.
The Consumer Goods Industry followed with 70.496 million shares worth N5.637 billion in 3,398 deals.
The third place was occupied by Conglomerates Industry with a turnover of 58.779 million shares worth N141.929 million in 706 deals.
Trading in the Top Three Equities namely – Diamond Bank Plc, Zenith International Bank Plc and Transnational Corporation of Nigeria Plc (measured by volume) accounted for 985.762 million shares worth N2.841 billion in 3,401 deals, contributing 63.39 percent and 21.04 percent to the total equity turnover volume and value respectively.
In addition, 41 equities appreciated in price during the week, higher than 38 of the previous week.
Furthermore, 23 equities depreciated in price, lower than 26 equities of the previous week, while 107 equities remained unchanged same as 107 equities recorded in the preceding week.
Also traded during the week were a total of 60 units of Exchange Traded Products (ETPs) valued at N2,265.60 executed in 6 deals compared with a total of 2,000 units valued at N34,000.00 transacted last week in1 deal.
In the same vein, a total of 1,041 units of Federal Government Bonds valued at N1.040 million were traded this week in 10 deals, compared with a total of 2,360 units valued at N2.029 million transacted last week in 7 deals.
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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