Economy
Investors Gain N60b as Nestle Nigeria Lifts Equities Market by 0.45%
By Dipo Olowookere
The Nigerian Stock Exchange (NSE) rebounded on Friday by 0.45 percent after recording three successive losses from Tuesday to Thursday.
The gains achieved at the market yesterday was buoyed by the positive performance achieved by Nestle Nigeria, which appreciated by N27 to close at N1,527 per share.
It was followed by Seplat, which grew by N15 to close at N650 per share, and Lafarge Africa, which rose by N3 to end at N37.50k per share.
CAP went up by N2 to close at N37 per share, while Dangote Sugar increased by 50 kobo to settle at N17.50k per share.
But on the flip side, shares of Flour Mills recorded the highest loss after depreciating by N15 to finish at N29 per share.
Forte Oil went down by N1.30k to close at N29.90k per share, while Cadbury Nigeria reduced by N1.15k to end at N11.15k per share.
Furthermore, Custodian and Allied Insurance declined by 68 kobo to close at N6.12k per share, while Eterna Oil depreciated by 40 kobo to close at N6.40k per share.
At the close of transactions on Friday, the All-Share Index (ASI) surged by 166.33 points to close at 37,392.77 points, while the market capitalisation reduced by N60 billion to finish at N13.545 trillion.
Like in the previous sessions, the Financial Services sector led the activity chart with 163.5 million shares exchanged for N1.4 billion with the Consumer Goods sector following with 27 million units sold for N1.2 billion.
A further look at the table showed that Access Bank was the most active stock, selling 84.9 million shares worth N864.7 million.
It was followed by Dangote Sugar, which sold 15.2 million shares worth N272.6 million, and Sovereign Trust Insurance, which transacted 14.7 million equities valued at N3.3 million.
FBN Holdings exchanged 12.1 million shares worth N125.5 million, while UBA traded 6.6 million equities valued at N65.5 million.
In all, investors bought and sold 212.9 million shares in 3,143 deals valued at N3.24 billion in contrast to the 350.47 million shares traded in 3,228 deals the previous day valued at N4.60 billion
Economy
46 Stocks Gain Weight, 53 Equities Lose on NGX in One Week
By Dipo Olowookere
The Nigerian Exchange (NGX) Limited was bullish last week despite investors’ mood swing, triggered by happenings in the country and across the globe, especially the Middle East crisis.
The All-Share Index (ASI) and the market capitalisation appreciated week-on-week by 3.94 per cent to 225,722.49 points and N145.335 trillion, respectively.
Similarly, all other indices finished higher with the exception of the growth and commodity indices, which depreciated by 0.02 per cent and 0.41 per cent, respectively, while the sovereign bond index closed flat.
A look at the price changes of shares in the five-day trading week showed that
46 stocks gained weight versus 61 stocks of the previous week, 53 equities shed weight compared with 36 equities a week earlier, and 47 shares closed flat, in contrast to 49 shares of the preceding week.
UAC Nigeria led the gainers’ chart after it chalked up 42.00 per cent to trade at N142.00, Union Dicon appreciated by 32.73 per cent to N21.90, NASCON expanded by 32.63 per cent to N206.90, Trans-Nationwide Express rose by 30.58 per cent to N7.90, and Zichis improved by 25.71 per cent to N15.60.
On the flip side, Infinity Trust Mortgage Bank led the losers’ group after it gave up 50.79 per cent to close at N9.35, Abbey Mortgage Bank declined by 33.33 per cent to N5.40, Guinea Insurance slipped by 15.20 per cent to N1.06, Stanbic IBTC lost 13.82 per cent to settle at N162.50, and Living Trust Mortgage Bank slumped by 10.98 per cent to N3.65.
As for the activity log, Customs Street recorded a turnover of 3.805 billion shares worth N213.955 billion in 297,202 deals in the week compared with 3.588 billion shares valued at N195.313 billion transacted in 254,553 deals in the previous week.
Financial stocks led the activity chart with 2.739 billion units sold for N106.269 billion in 135,101 deals, contributing 71.99 per cent and 49.67 per cent to the total trading volume and value, respectively.
Services equities traded 212.324 million units worth N4.024 billion in 17,042 deals, and consumer goods shares exchanged 180.076 million units valued at N13.269 billion in 32,457 deals.
Access Holdings, UBA, and First Holdco were the busiest with 814.060 million units traded for N39.032 billion in 37,195 deals, contributing 21.40 per cent and 18.24 per cent to the total equity turnover volume and value, respectively.
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
-
Feature/OPED6 years agoDavos was Different this year
-
Travel/Tourism10 years ago
Lagos Seals Western Lodge Hotel In Ikorodu
-
Showbiz3 years agoEstranged Lover Releases Videos of Empress Njamah Bathing
-
Banking8 years agoSort Codes of GTBank Branches in Nigeria
-
Economy3 years agoSubsidy Removal: CNG at N130 Per Litre Cheaper Than Petrol—IPMAN
-
Banking3 years agoSort Codes of UBA Branches in Nigeria
-
Banking3 years agoFirst Bank Announces Planned Downtime
-
Sports3 years agoHighest Paid Nigerian Footballer – How Much Do Nigerian Footballers Earn
