Economy
Interests in Conoil, Ardova, Others Drive Stock Exchange’s 0.05% Growth
By Dipo Olowookere
Energy stocks at the Nigerian Exchange (NGX) Limited put up a sterling performance on Tuesday, influencing the 0.05 per cent growth recorded at the close of business.
At intraday, the market was down due to selling pressure on some consumer goods and banking equities, especially Nigerian Breweries and Access Holdings.
However, when the closing gong was beaten by 2:30 pm, interests in energy shares led by Conoil, Oando and Ardova lifted the bourse and prevented what could have been the first loss of the week.
Data obtained by Business Post showed that the energy counter appreciated by 1.12 per cent, the banking index rose by 0.12 per cent, and the industrial goods sector improved by 0.01 per cent, while the consumer goods and the insurance sectors went down by 0.73 per cent and 0.22 per cent, respectively.
Conoil jumped 10.00 per cent during the session to N48.40, Multiverse rose by 9.97 per cent to N3.75, John Holt increased by 9.77 per cent to N1.91, CWG appreciated by 9.66 per cent to N1.59, and Transcorp expanded by 9.50 per cent to N1.96.
On the flip side, Unity Bank suffered the heaviest loss on Tuesday as it shed 9.26 per cent to 49 Kobo, Japaul shrank by 8.82 per cent to 31 Kobo, Cutix dropped 8.80 per cent to N2.28, Nigerian Breweries slumped by 8.29 per cent to N32.10, and Academy Press dwindled by 5.71 per cent to N1.65.
It was observed that investor sentiment was still very strong as the market breadth was positive, with 32 appreciating stocks and 19 depreciating stocks.
This helped the All-Share Index (ASI) to its journey to the next level as it increased by 26.26 points to 52,605.78 points from 52,579.52 points, while the market capitalisation rose by N14 billion to N28.644 trillion from N28.630 trillion.
The activity chart was mixed yesterday as the trading volume jumped by 25.34 per cent to 641.0 million shares from 511.4 million shares, the trading value was flat at N7.1 billion, while the number of deals decreased by 3.38 per cent to 5,684 deals from 5,883 deals.
Access Holdings traded 129.7 million stocks worth N1.5 billion, UBA transacted 91.1 million stocks for N728.5 million, FBN Holdings exchanged 81.0 million equities valued at N969.5 million, Zenith Bank traded 42.8 million stocks worth N1.1 billion, and NEM Insurance sold 33.6 million equities for N153.1 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.
-
Feature/OPED6 years agoDavos was Different this year
-
Travel/Tourism10 years ago
Lagos Seals Western Lodge Hotel In Ikorodu
-
Showbiz3 years agoEstranged Lover Releases Videos of Empress Njamah Bathing
-
Banking8 years agoSort Codes of GTBank Branches in Nigeria
-
Economy3 years agoSubsidy Removal: CNG at N130 Per Litre Cheaper Than Petrol—IPMAN
-
Banking3 years agoSort Codes of UBA Branches in Nigeria
-
Banking3 years agoFirst Bank Announces Planned Downtime
-
Sports3 years agoHighest Paid Nigerian Footballer – How Much Do Nigerian Footballers Earn
