Economy
NGX Index Rises 0.09% as NEM Insurance Tops Gainers Chart
By Dipo Olowookere
NEM Insurance closed on Friday as the best-performing stock, joining nine others to raise the Nigerian Exchange (NGX) Limited higher by 0.09 per cent when trading activities finished for the session.
Business Post reports that investor sentiment turned bearish yesterday despite the gains printed by the NGX index as a result of renewed profit-taking in the energy sub-sector, Oando being the major culprit.
Its index fell by 0.16 per cent during the session, while the banking, insurance, industrial goods and consumer goods counters appreciated by 0.87 per cent, 0.44 per cent, 0.15 per cent and 0.06 per cent respectively.
At the close of business, the All-Share Index (ASI) increased by 42.87 points to 49,695.12 points from 49,652.25 points, while the market capitalisation rose by N23 billion to N26.805 trillion from N26.782 trillion.
The share price of NEM Insurance improved by 7.62 per cent yesterday to N5.65, Chams grew by 6.90 per cent to 31 Kobo, FCMB appreciated by 6.06 per cent to N3.50, UBA gained 3.42 per cent to quote at N7.55, while Flour Mills increased by 3.41 per cent to N30.30.
A total of 16 equities depreciated in value on the last trading session of this week, with Honeywell Flour positing the highest fall, 10.00 per cent, to settle at N2.25. Learn Africa declined by 8.91 per cent to N2.25, Linkage Assurance fell by 7.69 per cent to 48 Kobo, Coronation Insurance went down by 7.32 per cent to 38 Kobo, while Jaiz Bank depleted by 4.49 per cent to 85 Kobo.
Yesterday, Sterling Bank recorded the highest trading volume, selling 173.8 million stocks valued at N252.1 million, UBA sold 54.1 million shares worth N400.6 million, Zenith Bank traded 14.0 million equities worth N281.4 million, Chams exchanged 14.0 million shares for N4.1 million, while Transcorp sold 6.4 million stocks for N6.8 million.
In all, investors bought and sold 319.1 million equities valued at N1.9 billion in 3,335 deals on Friday compared with the 161.9 million equities worth N1.6 billion transacted in 3,541 deals on Thursday, showing a decline in the number of deals by 5.82 per cent and an increase in the trading volume and value by 97.11 per cent and 14.60 per cent respectively.
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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