Economy
NASD OTC Equities Jump 3.97% in Week 31
By Adedapo Adesanya
A 3.97 per cent growth was recorded by the NASD Over-the-Counter (OTC) Securities Exchange last week, extending the weekly improvement as investors showed strong confidence in the alternative bourse.
It was the 31st trading week of the year and the market opened for five trading sessions.
The outcome pushed the market capitalisation of the exchange higher by N43 billion to N1.120 trillion from the N1.077 trillion achieved in Week 30.
Likewise, the NASD Unlisted Securities Index (NSI) appreciated by 30.88 points to close at 809.84 points compared with the 778.96 points recorded in the previous week.
In the week, there were four price gainers and two price losers led by Geo-Fluids Plc, which shrank by 3.6 per cent to close at N2.80 per share compared with N2.90 per share, as FrieslandCampina Wamco Nigeria Plc lost 1.4 per cent to settle at N76.50 per un9it versus N77.61 per unit.
On the flip side, Niger Delta Exploration and Production (NDEP) Plc gained 1.7 per cent to quote at N350.00 per unit versus N344.10 per unit, Central Securities Clearing System (CSCS) Plc rose by 5.9 per cent to N18.00 per unit from N17.00 per unit, Acorn Petroleum Plc expanded by 26.3 per cent to 24 Kobo per share from 19 Kobo, and Industrial and General Insurance (IGI) Plc increased by 25 per cent to 10 Kobo per unit from 8 Kobo per unit.
Business Post reports that the volume of trades decreased by 57.6 per cent to 18.2 million units from 42.9 million units, the number of deals went down by 19.19 per cent to 80 deals from 99 deals, but the value of trades jumped by 486.9 per cent to N1.8 billion from N308.8 million.
At the close of the week, VFD Group Plc was the most traded stock by value with N1.7 billion units, FrieslandCampina Wamco Nigeria Plc traded N69.2 million units, NDEP Plc exchanged N52.1 million units, Geo-Fluids Plc transacted N14.00 million, and CSCS Plc traded 11.8 million.
Also, VFD Group Plc ended the week as the most traded stock by volume with 7.5 million units, Geo-Fluids Plc exchanged 5.00 million units, IGI Plc posted 2.4 million units, Purple Real Estate Plc recorded 1.4 million units, and FrieslandCampina Wamco Plc transacted 900,000 units.
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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