Economy
Investors Gain N60b as Nestle Nigeria Lifts Equities Market by 0.45%
By Dipo Olowookere
The Nigerian Stock Exchange (NSE) rebounded on Friday by 0.45 percent after recording three successive losses from Tuesday to Thursday.
The gains achieved at the market yesterday was buoyed by the positive performance achieved by Nestle Nigeria, which appreciated by N27 to close at N1,527 per share.
It was followed by Seplat, which grew by N15 to close at N650 per share, and Lafarge Africa, which rose by N3 to end at N37.50k per share.
CAP went up by N2 to close at N37 per share, while Dangote Sugar increased by 50 kobo to settle at N17.50k per share.
But on the flip side, shares of Flour Mills recorded the highest loss after depreciating by N15 to finish at N29 per share.
Forte Oil went down by N1.30k to close at N29.90k per share, while Cadbury Nigeria reduced by N1.15k to end at N11.15k per share.
Furthermore, Custodian and Allied Insurance declined by 68 kobo to close at N6.12k per share, while Eterna Oil depreciated by 40 kobo to close at N6.40k per share.
At the close of transactions on Friday, the All-Share Index (ASI) surged by 166.33 points to close at 37,392.77 points, while the market capitalisation reduced by N60 billion to finish at N13.545 trillion.
Like in the previous sessions, the Financial Services sector led the activity chart with 163.5 million shares exchanged for N1.4 billion with the Consumer Goods sector following with 27 million units sold for N1.2 billion.
A further look at the table showed that Access Bank was the most active stock, selling 84.9 million shares worth N864.7 million.
It was followed by Dangote Sugar, which sold 15.2 million shares worth N272.6 million, and Sovereign Trust Insurance, which transacted 14.7 million equities valued at N3.3 million.
FBN Holdings exchanged 12.1 million shares worth N125.5 million, while UBA traded 6.6 million equities valued at N65.5 million.
In all, investors bought and sold 212.9 million shares in 3,143 deals valued at N3.24 billion in contrast to the 350.47 million shares traded in 3,228 deals the previous day valued at N4.60 billion
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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