Economy
NASD Exchange Extends Rally by 0.01%
By Adedapo Adesanya
It was another bullish trading day on the floor of the NASD Over-the-Counter (OTC) Securities Exchange on Tuesday as the bulls extended their stay at the market for another session with a marginal growth of 0.01 per cent.
The favourable outcome came on the back of gains recorded by NASD Plc as the company saw its equity grow by 13 kobo or 0.7 per cent to close at N19.30 per unit in contrast to N19.17 per unit it closed at the previous session.
As a result of this, the NASD unlisted security index (NSI) moved up by 0.07 points to 750.00 points from 749.92 points, while the market capitalisation gained N60 million to wrap the day at N619.63 billion as against the preceding day’s N619.56 billion.
In terms of the level of activities, investors transacted a total of 601,000 units of shares during the session compared to the 510,040 units of shares traded at the NASD Exchange on Monday, indicating that the trading volume went up by 11.1 per cent.
As for the value of the transactions, it also went up by 21.2 per cent as shares worth N11.7 million exchanged hands yesterday in contrast to the N9.7 million transacted at the preceding trading day.
However, the number of deals executed at the market on Tuesday witnessed a 62.5 per cent slide as only three deals were completed compared with the eight deals carried out at the previous session.
At the close of trades, Food Concepts Plc maintained its position as the most traded stock by volume (year-to-date) with 11.4 billion units valued at N14.4 billion. Lighthouse Financial Service Plc also retained its second spot for selling 1.1 billion units valued at N546.1 million just as Geo Fluids Plc kept third place with 1.0 billion units worth N700.1 million.
In terms of value, Food Concepts Plc remained unchanged at the top of the table for trading 11.4 billion units of its securities worth N14.4 billion, trailed by Nigerian Exchange (NGX) Group Plc with 456.4 million units valued at N9.2 billion, while VFD Group Plc has exchanged 10.4 million units worth N3.5 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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