Economy
Dangote Flour Finally Quits Nigerian Stock Exchange
By Modupe Gbadeyanka
The management of Nigerian Stock Exchange (NSE) has announced that Dangote Flour Mills is no longer a member of the local bourse and its shares no more tradeable on its platform.
A statement issued by NSE last week and signed by its Head of Listings Regulation Department, Mr Godstime Iwenekhai, confirmed that the flour milling firm ceased to be on its daily official with effect from Monday, November 18, 2019.
Before its eventual exit from the stock exchange last week, the buying and selling of the company’s shares by investors were suspended on the NSE trading platform.
This followed the sale of the company to its new owners, Olam Group, through a scheme of arrangement, which saw the buyer parting away with N120 billion, which was shared to shareholders.
As a result of the sale and the unwillingness of Olam to leave the organisation on the stock exchange, shares of Dangote Flour Mills were delisted from the local bourse.
“We refer to our market bulletin dated Monday, October 28, 2019, with reference number: NSE/RD/LRD/MB59/19/10/28, notifying dealing members of full suspension of trading in the shares of Dangote Flour Mills Plc (DFM).
“The above suspension, was as a result of the approval of the scheme of arrangement for the acquisition of the entire issued and fully paid ordinary shares of 50 kobo each in DFM held by scheme shareholders by Crown Flour Mills Limited, which will ultimately lead to the delisting of Dangote Flour Mill Plc from the Nigerian Stock Exchange.
“Consequently, dealing members are hereby notified that DFM was today, November 18, 2019, delisted from the daily official list of the exchange,” the notice read.
The sale of Dangote Flour Mills was approved by shareholders of the company at a court-ordered meeting (COM) held in Lagos last month, while holders of the firm’s securities were paid this month by the new owners.
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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