Economy
Expert Hails Lifting of Economic Sanctions on Sudan by US

By Modupe Gbadeyanka
The United Nations Special Rapporteur on human rights and international sanctions, Mr Idriss Jazairy, has welcomed the recent decision of President Barack Obama to lift most sanctions unilaterally imposed by the United States on Sudan.
“By lifting sanctions on Sudan, after adopting similar decisions on Cuba and Iran, President Obama will be remembered as a leader who listened to the international community and stakeholders, in particular the poor and the wretched who were the unintended main victims of such measures,” said Mr Jazairy, who has reported extensively on the adverse impact on human rights of these sanctions since his 2015 visit to the country.
The human rights expert noted that President Obama’s decision acknowledged the fact that the Government of Sudan has adopted ‘positives actions’ over the past six months.
“I urge the Sudanese authorities to intensify their efforts to enhance peace and stabilization efforts and uphold human rights,” he said.
“The decision by the Obama administration’s to revoke sanctions, is in line with the recommendation I made in my 2016 report to the Human Rights Council,” the Special Rapporteur said.
In his report, Mr Jazairy warned that imposing unilateral coercive measures (UCMs) on Sudan would “restrict trade and investment in the country, which in turn forces the population to face enormous challenges to their enjoyment of human rights.”
The expert cautioned that UCMs significantly affected the right to health and an adequate standard of living, the right to food, the right to education and the right to development in the country. He also deplored that exemptions to the sanctions regime were largely ineffective “when financial transactions with the banking system in the Sudan are prohibited.”
In Mr Jazairy’s report, he made a number of recommendations to mitigate the impact of sanctions, including the full activation of exceptions or waivers to the sanctions regime with regard to the trade in agricultural products and certain life-saving drugs.
He also called for the progressive lifting of prohibitions on transfers of remittances from abroad, and for commercial transactions, starting with imports recognized to be crucial to ensure basic human rights.
Finally, the expert noted with satisfaction that his recommendation to establish a mechanism between the UN and the Sudan for the procurement of life-saving medicines had been actually followed up and implemented through its establishment -with the US approval- under the auspices of the UN Office in Khartoum in cooperation with the Sudanese Ministry of Health in March 2016.
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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