Economy
Naira Edges US Dollar by 0.19% at Investors Window
By Adedapo Adesanya
The Naira wrapped the week stronger against the US Dollar at the Investors and Exporters (I&E) window of the foreign exchange (FX) market as it appreciated by 0.19 per cent or 80 kobo on Friday, November 5 as the demand for forex waned at the segment.
According to data harvested from the FMDQ Securities Exchange, the local currency was sold for N414.30/$1 in contrast to the N415.10/$1 it was traded on Thursday at the investors window.
At the final trading session of the week, a turnover of $99.14 million was recorded as against the $129.54 million achieved at the preceding session, indicating a $30.4 million or 23.5 per cent decline from the turnover of the previous session.
However, the Naira closed bearish at the interbank segment of the market as the Nigerian currency closed against the American Dollar at N411.29/$1 in contrast to N411.24/$1 it was traded a day earlier. This showed that the Naira lost 5 kobo against the greenback at the same market window.
But the Naira appreciated against the British Pound Sterling at the interbank segment on Friday by N8.69 to settle at N553.02/£1 compared to N561.71/£1 it was sold on Thursday and also gained N2.21 against the Euro to finish at N474.38/€1 in contrast to the preceding day’s N476.59/€1.
At the cryptocurrency market, a majority of the digital currencies tracked by Business Post traded higher yesterday with Binance Coin (BNB) leading the gainers log with a 4.1 per cent growth to trade at N247,654.98.
Litecoin (LTC) improved by 2.1 per cent to sell for N114,989.96, Ethereum (ETH) recorded a 1.2 per cent appreciation to trade at N2,549,989.89, while Dogecoin (DOGE) was 0.8 per cent higher as it sold at N158.53, the US Dollar Tether (USDT) moved upwards by 0.3 per cent to sell for N566.69, while Tron (TRX) grew by 0.1 per cent to quote at N59.86.
On the losers’ side, Ripple (XRP) recorded the highest loss by 6.6 per cent to trade at N645.99, Dash (DASH) dropped 2.7 per cent to sell for N111,859.82, Bitcoin (BTC) went down by 1.5 per cent to N35,218,990.78, while Cardano (ADA) depreciated by 0.3 per cent to N1,204.78.
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
