Economy
European Shares Rebound From Sharp Losses
By Investors Hub
European stocks rebounded from sharp losses seen last week as tensions on the Korean peninsula eased slightly after days of verbal sparing between the United States and North Korea.
Senior U.S. national security officials said Sunday that the nation is not on the brink of nuclear war with North Korea, but the danger is much greater than it was a decade ago.
Also, Chinese President Xi Jinping has urged both sides to avoid words and action that could worsen the situation. That followed fresh threats against North Korea on Friday, when Trump said the U.S military solutions were “locked and loaded”.
Investors, meanwhile, shrugged off Eurostat data which showed that Eurozone industrial production declined for the first time in four months in June.
Output decreased 0.6 percent month-on-month in June, reversing a revised 1.2 percent rise in May. This was the first decrease since February, when output slid 0.2 percent. Economists had forecast output to fall 0.5 percent.
The pan-European Stoxx Europe 600 index was up 0.9 percent at 375.33 in late opening deals after falling 1 percent to hit a five-month low on Friday.
The German DAX was rallying 1.1 percent, France’s CAC 40 index was climbing 1 percent and the U.K.’s FTSE 100 was moving up 0.6 percent.
Banks led the surge, with Commerbank, Deutsche Bank, Societe Generale and Standard Chartered climbing 2-3 percent.
Automakers were also broadly higher. BMW, Daimler, Volkswagen, Peugeot and Renault rose 1-2 percent.
RWE AG shares advanced 1 percent as the German utility confirmed its forecast for 2017 in the upper end of the range after good performance in the first six months.
Engineering group Bilfinger jumped 2.3 percent after its Q2 net loss narrowed from last year.
Danone shares rallied 1.4 percent after the New York Post newspaper said in a report over the weekend that the French food firm could be a takeover target.
Miners Anglo American, Antofagasta and Glencore climbed 1-2 percent in London as copper and aluminum prices held near recent two-year highs on a weaker dollar following Friday’s weak U.S. inflation data.
British tour operator TUI jumped as much as 5 percent in the wake of an upgrade from Credit Suisse.
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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