Economy
Investors’ Patronage of FBN Holdings, Others Extends NGX Bull Run by 0.12%
By Dipo Olowookere
The sustained interest in banking stocks, especially the tier-one, extended the bull run of the Nigerian Exchange (NGX) Limited on Wednesday by 0.12 per cent.
The market closed in the positive territory yesterday as a result of the gains posted by the banking and industrial goods sectors as they closed higher by 0.06 per cent and 0.05 per cent apiece.
The duo weakened the effect of the losses posted by the trio of insurance, consumer goods and energy counters, which closed lower by 0.67 per cent, 0.15 per cent and 0.04 per cent respectively.
At the close of transactions, the All-Share Index (ASI) rose by 48.54 points to 40,765.20 points from 40,716.66 points, while the market capitalisation increased by N25 billion to N21.242 trillion from N21.217 trillion.
During the session, 400.7 million shares worth N3.5 billion were traded in 5,145 deals in contrast to the 433.0 million shares worth N3.1 billion transacted in 4,377 deals at the preceding session, indicating a decline in the trading volume by 7,47 per cent, an increase in the trading value by 11.33 per cent and growth in the number of deals by 17.55 per cent.
Business Post reports that the most traded stock at the market yesterday was FBN Holdings as it transacted 108.7 million units valued at N1.1 billion and was followed by Transcorp, which traded 39.7 million units valued at N38.4 million.
Ecobank exchanged 32.8 million shares worth N189.9 million, UBA transacted 25.3 million stocks valued at N204.4 million, while Fidelity Bank traded 19.9 million equities valued at N51.2 million.
On the trading day, the investor sentiment was negative despite the market closing in the green territory as there were 20 price losers and 19 price gainers led by FBN Holdings, which rose by 7.78 per cent to finish at N9.70.
University Press gained 7.38 per cent to sell for N1.31, Northern Nigerian Flour Mills rose by 6.49 per cent to N8.20, Livestock Feeds grew by 5.38 per cent to N2.35, while Universal Insurance appreciated by 5.00 per cent to 21 kobo.
On the flip side, Pharma Deko lost 6.01 per cent to top the laggards’ table, closing at N2.66. ABC Transport went down by 5.71 per cent to 33 kobo, Regency Alliance dropped 4.88 per cent to 39 kobo, Chams fell by 4.55 per cent to 21 kobo, while Sovereign Trust Insurance declined by 4.17 per cent to finish at 23 kobo.
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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