Economy
N786.4b T-Bills Mature as Analysts Predict Rise in Rates
**CBN to Auction Fresh N225.5b T-Bills
By Modupe Gbadeyanka
Treasury bills worth N786.37 billion will mature this week via the primary and secondary markets, analysts at Cowry Asset have said.
This, they wrote in their weekly report, will more than offset the sale of fresh treasury bills worth N225.45 at the primary market by the Central Bank of Nigeria (CBN).
This exercise will take place on Wednesday and the apex bank will offer to investors the 91-day bills worth N5.85 billion, 182-day bills worth N26.60 billion and 364-day bills worth N193.00 billion.
During the trading week, liquidity ease in the financial system is expected to be sustained with resultant moderation in interbank rates.
The stop rates are anticipated to increase, especially at the short end as investors continue to tread cautiously ahead of February 16, Presidential election.
Last week, treasury bills worth N375.35 billion matured via the secondary market which were partly offset by auctioned T-bills worth N308.24 billion through Open Market Operations (OMO).
The net inflow resulted in financial system liquidity ease in line with expectation.
Hence, NIBOR for overnight funds, 1-month and 3-month tenure buckets moderated to 21.88 percent from 22.04 percent, 15.55 percent from 16.02 percent and 13.81 percent from 13.89 percent respectively.
However, NIBOR for 6 months tenure bucket increased to 15.52 percent from 14.85 percent. Meanwhile, NITTY fell for most maturities tracked amid renewed bullish activity. While yields on 1 month, 3 months and 12 months rose to 14.91 percent from 15.71 percent, 11.30 percent from 12.58 percent and 17.32 percent from 17.34 percent respectively, yield on the 6 months maturity rose to 14.63 percent from 13.35 percent.
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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