Economy
NGX in Stalemate as Bulls, Bears Share Spoils
By Dipo Olowookere
The spoils of the battle between the bulls and the bears were shared on Tuesday after the Nigerian Exchange (NGX) Limited closed in a stalemate, Business Post reports.
The market closed flat after the key performance indicators could not record any tangible increases as the All-Share Index (ASI) closed at 41,814.94 points compared with the previous day’s 41,814.74 points, while the market capitalisation remained at N21.821 trillion.
This occurred despite the market breadth closing positive with 22 price gainers and 21 price losers, with the risers led by Universal Insurance and University Press by 10.00 per cent each to close at 22 kobo and N1.65 apiece.
Courtville gained 9.76 per cent to sell for 45 kobo, Abbey Mortgage Bank rose by 9.30 per cent to 94 kobo, while International Breweries appreciated by 9.28 per cent to quote at N5.30.
Conversely, ABC Transport led the laggards with an 8.82 per cent loss to sell for 31 kobo, FTN Cocoa went down by 6.25 per cent to 45 kobo, Cutix lost 5.47 per cent to trade at N6.05, NGX Group fell by 4.61 per cent to N19.65, while Sovereign Trust Insurance declined by 4.17 per cent to 23 kobo.
It was observed that only the energy space closed in the red territory yesterday as it fell by 0.38 per cent, while the other counters ended in the green zone at the close of transactions.
The insurance, banking, industrial goods and consumer goods sectors appreciated by 0.51 per cent, 0.21 per cent, 0.06 per cent and 0.04 per cent respectively on Tuesday.
As for the activity chart, it was in red at the session as the trading volume went down by 47.63 per cent to 353.2 million units from 674.5 million units, the trading value dropped 26.63 per cent to N5.6 billion from N7.6 billion, while the number of deals declined by 2.03 per cent to 5,322 deals from 5,432 deals.
When the market closed for the day at 2:30 pm, FBN Holdings remained as the most traded stock with the sale of 73.1 million units of its shares valued at N906.8 million, followed by GTCO, which sold 25.0 million units of its stocks for N715.3 million.
Universal Insurance traded 22.8 million shares worth N4.9 million, UBA transacted 20.3 million equities valued at N171.2 million, while Transcorp exchanged 18.4 million stocks worth N18.9 million.
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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