Economy
Lingering Trade War Concerns May Consume US Stocks
By Investors Hub
The major U.S. index futures are pointing to a lower opening on Monday, with stocks likely to move back to the downside after ending last Friday?s trading mostly higher.
Continued concerns about a global trade war are likely to weigh on the markets after a report from the Wall Street Journal said President Donald Trump plans to ban many Chinese companies from investing in U.S. technology firms and block additional technology exports to Beijing.
Trump also continued his harsh rhetoric on trade in a post on Twitter on Sunday, urging countries to remove ?artificial? trade barriers on tariffs on U.S. goods.
?The United States is insisting that all countries that have placed artificial Trade Barriers and Tariffs on goods going into their country, remove those Barriers & Tariffs or be met with more than Reciprocity by the U.S.A. Trade must be fair and no longer a one way street!? Trump tweeted.
Stocks moved mostly higher during trading on Friday, although the tech-heavy Nasdaq ended the day modestly below the unchanged line. The advance by the Dow allowed the blue chip index to avoid its longest losing streak in over forty years.
The major averages finished the session mixed. The Nasdaq dipped 20.14 points or 0.3 percent to 7,692.82, while the Dow climbed 119.19 points or 0.5 percent to 24,580.89 and the S&P 500 rose 5.13 points or 0.2 percent to 2,754.89.
Despite the mixed performance on the day, the major averages all moved lower for the week. While the Dow slumped by 2 percent, the Nasdaq and the S&P 500 slid by 0.7 percent and 0.9 percent, respectively.
A rally by energy stocks contributed to the strength on Wall Street, as the price of crude oil spiked higher on news out of the closely watched OPEC meeting in Vienna, Austria.
Reports earlier in the day indicated OPEC planned to increase oil production by about 1 million barrels per day, although a statement from the cartel did not provide a specific figure.
OPEC only noted that it was overshooting the output reduction target put in place in November of 2016 and said it will “strive to adhere to the overall conformity level of OPEC-12, down to 100%.”
Reflecting the strength in the energy sector, the Philadelphia Oil Service Index spiked by 3.6 percent, the NYSE Arca Oil Index surged up by 2.6 percent and the NYSE Arca Natural Gas Index jumped by 2 percent.
Steel stocks also saw considerable strength on the day, driving the NYSE Arca Steel Index up by 2.1 percent. The index bounced off its lowest closing level in over two months.
Chemical and gold stocks also showed strong moves to the upside, while weakness was visible among banking and semiconductor stocks.
Traders largely shrugged off lingering trade concerns even as President Donald Trump threatened to impose a 20 percent tariff on all cars imported to the U.S. from the European Union.
Trump claimed in a post on Twitter that he would impose the new tariffs unless the EU removes tariffs and trade barriers placed on the U.S.
“Based on the Tariffs and Trade Barriers long placed on the U.S. and it great companies and workers by the European Union, if these Tariffs and Barriers are not soon broken down and removed, we will be placing a 20% Tariff on all of their cars coming into the U.S. Build them here!” Trump tweeted.
The latest tweet from Trump came after he threatened to escalate the ongoing trade dispute with China earlier this week.
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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