Economy
Dangote Cement, 23 Others Lift Stock Market by 0.15%
By Dipo Olowookere
Africa’s richest man, Mr Aliko Dangote, received a good birthday present on his 62nd birthday on Wednesday, April 10, 2019, when one of his companies, Dangote Cement, led the gainers’ chart on the Nigerian Stock Exchange (NSE) today.
Dangote Cement stock gained N1 at the close of the midweek trading session to settle at N186 per unit, lifting the local bourse from the dungeon.
It was the first time the equities market was closing bullish this week after investors had longed for that positive development that will trigger bargain hunting.
Business Post reports that the stock market appreciated by 0.15 percent today following the gains posted by Dangote Cement and 23 other counters.
The All-Share Index (ASI) closed 43.97 points higher to end at 29,202.54 points, while the market capitalisation increased by N16 billion to finish at N10.965 trillion.
Apart from Dangote Cement, Custodian Investment improved by 60 kobo to close at N6.70k per share, while Zenith Bank gained 45 kobo to end at N20.60k per share.
In addition, Fidson rose by 20 kobo to settle at N4.25k per share, while Access Bank appreciated by 15 kobo to quote at N5.85k per unit.
Conversely, CCNN and Unilever Nigeria both lost N1 each to settle for the day at N16 and N34 per share respectively.
GlaxoSmithKline and PZ Cussons lost 95 kobo each to close at N8.55k and N8.85k per share respectively, while Dangote Flour dropped 50 kobo to end at N8 per share.
It was observed that while the volume of shares appreciated today by 28.77 percent, the value decreased by 5.87 percent.
At the close of business, a total of 481.6 million equities worth N2.9 billion exchanged hands in 3,559 deals in contrast to the 374 million shares worth N3.1 billion traded the previous day in 3,634 deals.
Transcorp recorded the highest volume of transaction with a turnover of 174.6 million units traded for N200.6 million.
Union Bank exchanged 70.6 million equities worth N416.9 million, while Sterling Bank transacted 48.8 million shares for N126.9 million.
A total of 37.6 million units of Access Bank stocks were sold for N220.1 million, while GTBank sold 22.9 million equities valued at N758.5 million.
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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