Economy
European Stocks Rise as EU Leaders Strike Deal on Immigration
By Investors Hub
European stocks have rallied on Friday after China eased restrictions on foreign investment in several sectors and EU leaders struck a deal on immigration, helping investors shrug off trade tensions.
EU leaders have reached an agreement on migration, averting a political crisis in Germany, where Chancellor Angela Merkel’s coalition government was under strain over migrant policy.
While the U.K.?s FTSE 100 Index has climbed by 0.7 percent, the French CAC 40 Index and the German DAX Index are both up by 1.2 percent.
Swiss pharmaceutical company Novartis has rallied after announcing a share buyback and unveiling plans to spin off its eye-care business Alcon.
French drug giant Sanofi has also climbed after it received a positive CHMP opinion for the treatment of a rare blood disorder called acquired thrombotic thrombocytopenic purpura.
BAE Systems has jumped in London. The Australian Commonwealth Government has selected the British defense company as the preferred tenderer to deliver its nine ship Future Frigate program for the Royal Australian Navy.
Meanwhile, British outsourcing and support services provider Serco Group has slumped after the company cut its revenue guidance for 2018.
In economic news, German retail sales decreased for the first time in seven months in May, while the country’s jobless rate held steady at 5.2 percent in June, separate reports showed.
French consumer price inflation rose to 2.1 percent in June from 2 percent in May, matching expectations, provisional estimates from the statistical office Insee revealed.
Flash data from Eurostat showed that Eurozone inflation rose to 2 percent in June, in line with estimates and up from 1.9 percent in May on food and energy prices. The European Central Bank targets ?below, but close to 2 percent? inflation.
In the U.K., the Office for National Statistics upwardly revised its first quarter GDP growth figures to 0.2 percent from 0.1 percent previously.
There was more good news for the economy as growth in the U.K.’s dominant services sector gained momentum in April and the housing market also ticked upwards in May despite some slowdown in unsecured consumer lending.
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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