Economy
Blue-Chips Lead as Nigerian Stocks Extend Gains by 0.50%
By Modupe Gbadeyanka
Nigerian stocks extended gains in midweek trading, closing 0.50 percent higher at the close of transactions.
This was buoyed by upward movements recorded by blue-chip stocks like Nigerian Breweries, Guinness Nigeria, Lafarge, Nestle and Flour Mills of Nigeria.
Investors resumed trading on Wednesday on a high note following the gains recorded yesterday, resulting in halting the two-day bearish activities at the market.
The major market indicators closed today in the green territory led by the All-Share Index (ASI), which appreciated by 184.44 points to settle at 36,905.06 points, while the market capitalisation grew by N64.4 billion.
In addition, the market breadth closed positive with 30 gainers against 18 losers, while the YTD return expanded to 37.32 percent.
Business Post reports that the most active stock today was Transcorp, which traded a total of 34.8 million shares worth N49.7 million.
Claiming the second spot was Fidelity Bank, which transacted 30 million units valued at N39 million, while FBN Holdings traded 28.8 million shares at N173.3 million.
Zenith Bank exchanged 25.6 million shares worth N641.5 million, and GTBank sold 21 million shares valued at N815.3 million.
In total, investors traded 251 million shares worth N3.8 billion executed in 4,047 deals.
On the price movement chart, Nigerian Breweries emerged the biggest gainer with an addition of N4.24k to its share value to settle at N171.25k per share.
It was followed by Guinness Nigeria, which rose by N3.32k to close at N69.87k per share, and Lafarge, which advanced by N2.75k to settle at N57.75k per share.
Furthermore, Nestle progressed by N1.42k to end at N1026.42k per share, while Flour Mills expanded by N1.20k to finish at N29.20k per share.
On the other hand, Seplat shed N17.90k to close at N470.10k per share, while Mobil lost N12.35k to end at N240.65k per share.
Total declined by N8.50k to finish at N261.50k per share, Okomu Oil fell by N3.80k to close at N72.23k per share, and Presco slumped by N2.45k to settle at N74.50k per share.
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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