Economy
NASD Loses 0.06% on Selloff in Afriland Properties
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange fell for the second day on Thursday by a marginal 0.06 percent.
The contraction reported at the bourse yesterday reduced the NASD unlisted securities index (NSI) by 0.42 points to 708.82 points from the preceding day’s 709.24 points.
Equally, it shortened the market capitalisation by N300 million, leaving the total value of stocks at the OTC market at N520.68 billion as against N520.98 billion it ended the previous day.
Business Post observed that the decline suffered by the bourse on Thursday was buoyed by the selloff in shares of Afriland Properties Plc.
According to data from the NASD OTC Exchange, the value of Afriland Properties stocks went down by 11.1 percent or 22 kobo to N1.98 per share from N2.20 per share it closed on Wednesday. Only the company recorded a price movement during the trading session.
Yesterday, the volume of securities transacted by investors at the NASD Exchange declined by 55.9 percent as a total of 10,230 shares exchanged hands compared with the 23,182 units recorded at the previous session.
These trades were done in three deals, compared with the previous day’s six deals, indicating a 50 percent depreciation. The three deals of yesterday were from stocks belonging to FrieslandCampina WAMCO Nigeria Plc, Fan Milk Plc, and the day’s decliner, Afriland Properties Plc.
The total worth of the transactions carried out by market participants on Thursday stood at N34,890, 98.7 percent lower than Wednesday’s N2.7 million.
A breakdown of yesterday’s trades showed that Afriland Plc accounted for N19,800, FrieslandCampina WAMCO Nigeria Plc accounted for N12,490, while Fan Milk Plc contributed N2,600 to the total transactions value.
At the close of business, ARM Life Plc maintained its position as the most traded stock by volume (year-to-date) with 7.4 billion units of its shares traded for N4.6 billion. Central Securities Clearing Systems Plc (CSCS) Plc was in second place with 196.7 million units traded at N2.6 billion, while Food Concept Plc followed in third place with 115 million units traded at N80.5 million.
In terms of the value of trades (year-to-date), ARM Life Plc still retained the top position with a total of 7.4 billion units of its stocks traded for N4.6 billion. CSCS Plc came in second place with 196.7 million units valued at N2.6 billion, while Niger Delta Exploration and Production (NDEP) Plc followed in the third spot with 7.9 million units worth N2.4 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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