Economy
165 Oyo Farmers Learn Improved Cultivation Techniques
By Modupe Gbadeyanka
No fewer than 165 farmers have been trained by the Oyo State government on cultivation, pest control and processing of improved varieties of three staple crops.
The trainees comprising youths and women underwent the training, which included planting and processing of Orange-Fleshed Sweet Potato (OFSP), Vitamin A Cassava and Vitamin A maize.
The aim was to improve the quality of nutrition and value addition in the state.
The one-day programme was organized in collaboration with the Global Alliance for Improved Nutrition (GAIN) and took place at the House of Chiefs, Parliament Building, Secretariat, Ibadan, the state capital.
The Commissioner for Agriculture and Rural Development, Mr Olasunkanmi Olaleye, who declared the event open, advised farmers to adopt good agricultural practices in the cultivation of improved varieties of crops, noting that the training will guarantee more yield per hectare and for value addition.
Mr Olaleye disclosed that the Training the Trainer programme was another focused effort of the government to alleviate the hardship caused by the removal of fuel subsidy, advising farmers in the state to embrace improved varieties of cassava stems as they have enormous benefits and give more yield per hectare.
He reaffirmed the efforts of the state government on Sustainable Action for Economic Recovery (SAfER) initiatives the state government on distribution of 400kg of maize grains to each poultry farmer in the state where 2665 farmers benefitted; 1000 fish farmers across the state also received fish feeds while 100kg of palm kernel cake (PKC) and 2 bottles of disinfectants would be given to 1000 pig farmers each.
The Commissioner said the Ministry of Agriculture and Rural Development will henceforth carry along the Directors of Agriculture in all the 33 local government areas of the state in every activity organized by the Ministry to reach out to the grassroots.
In her welcome address, the Permanent Secretary in the Ministry of Agriculture and Rural Development, Mrs Christiana Abioye, said the seminar was another milestone in the history of the Ministry in a time like this when the whole country is passing through a hard time of food scarcity and hunger.
On her part, the Head of Policy, Advocacy and Communication at GAIN, Ms Joyce Akpata, commended the state government for creating a conducive environment which allows them to operate among other participating states.
Speaking on behalf of the farmers, the Chairman of the All Farmers Association of Nigeria (AFAN) Oyo State chapter, Mr Adewumi Abass, thanked the government for its numerous ongoing efforts to ensure food security in the state adding that with these efforts, Oyo State would indeed be a food basket of Nigeria.
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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