Economy
Naira Records Marginal Gain Against Dollar at I&E
By Adedapo Adesanya
The Naira yesterday put a pause to the losses it had been subjected to in the past days at the Investors and Exporters (I&E) segment of the foreign exchange market.
During the trading session, the local currency marginally appreciated against the Dollar at the FX window by 5 kobo equivalent to 0.01 percent to trade at N364.85/$1 compared with N364.90/$1 it traded at the Tuesday’s session.
This followed the decline in the demand for the dollar at the market segment. The total value of transactions at the investors segment on Wednesday dropped by 78 percent or $379.4 million to $104.28 million from $484.38 million.
At the parallel market, the performance of the Naira against the three major foreign currencies was flat as the domestic currency remained unchanged against the Dollar at N360/$1, against the Euro at N397/€1 and against the Pound Sterling at N475/£1.
Similarly, the Nigerian currency traded flat against the Dollar at the official window of the Central Bank of Nigeria (CBN), also referred to the interbank segment, at N306.90/$1.
At the Bureaux De Change (BDCs) segment in Lagos, the Naira closed flat at N358/$1, but depreciated by N1 against the Pound to N475/£1 from N474/£1, and depreciated by N1.50k against the Euro to N396.50/€1 from N395/€1.
In Abuja, the local currency’s exchange rate against the greenback improved by 80 kobo to N358.20/$1 from N359/$1 on Tuesday, but closed flat against the Pound Sterling at N475/£1 and gained N1 against the Euro to N395/€1 from N396/€1 recorded on Tuesday.
At the Port Harcourt BDC market, the Naira closed flat against the Dollar on Wednesday to trade at N358/$1 and remained unchanged against the Pound and Euro at N475/£1 and N397/€1 respectively.
Likewise, at the Kano BDC market, traders sold the local currency at their previous rates against the three main foreign currencies. The Dollar was sold at N358, Pound at N472 and the Euro at N395.
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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