Economy
Market Demolition: Oyo Traders Dare Government

By Modupe Gbadeyanka
The planned eviction of traders at the popular Aleshinloye market in Ibadan South West Local Government Area of Oyo State is already meeting a brick wall.
This is because traders at the market have rejected the council’s eviction notice issued to them and have now called on the state government led by Mr Abiola Ajimobi and the Oyo State House of Assembly to urgently intervene in the matter.
The local government had in a letter entitled ‘Notice to Quit’ dated November 18, 2016, directed all shop owners within the vicinity of Aleshinloye market clinic to vacate their stalls within seven days.
The market was to pave the way for the construction of a shopping complex.
The letter was signed by one Ayelagbe O. A on behalf of the Caretaker Chairman, Mr Rauf Folarin.
According to the News Agency of Nigeria (NAN), all efforts made by the market executives and the affected traders to stop the planned eviction, which expired last Friday, have failed.
One of the affected traders, Mr Saka Salami, who was at the meeting, told newsmen that the council authorities were bent on demolishing the shops.
“We were at the local government with the market executives to prevail on the chairman but he refused.
“He gave us seven days ultimatum. We told him that we were not illegal occupants but we were given permit.
“All appeals fell on deaf ears. Instead, the chairman said that when completed, a shop shall be allocated to two people,” he said.
A female trader, who simply identified herself as Mama Ayo, also maintained that the traders had valid allocation.
She said: “We were given permanent allocation by the council and we also pay tenement rate annually.
“It is wrong to revoke our permit. We were not given any long notice. Why would the council that legalised our stay turn round against us?”
Eze Quintus, a fresh university graduate and trader at the market, said: “Now there is no job in the country. I am a graduate; I used my allowance to get the shop.
“If we are evicted from the market, do they want us to steal? Some of our executive members in the market are compromised.
“We are appealing to the governor and the House of Assembly to intervene in this matter before things go wrong.’’
It was learnt that the traders had obtained the allocation paper to trade on the land in 1992 and it was signed by the Commissioner for the Justice of the Peace to the council.
The Information Officer in the local government, Mr Segun Adeyemo, confirmed the development, saying the council chairman directed that the eviction notice be served on the traders.
According to the council’s spokesman, the Director of Estate and Valuation in the council, Mr Gabriel Oyeniyi, said the notice was served on traders adjacent to the fence of the zonal revenue office of the local government and sharing the same premises with the market clinic.
NAN
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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