Economy
Nigerian Currency Gains on Improved Dollar Supply
By Adedapo Adesanya
An improvement in the supply of Dollars to the foreign exchange (FX) market in Nigeria further strengthened the value of the Naira on Wednesday.
The Nigerian currency appreciated against the American Dollar at the different segments of the forex market at the close of transactions in the midweek session.
Business Post reports that the Naira gained N18 against the greenback during the session in the Peer-to-Peer (P2P) window of the market to settle at N766/$1 compared with the previous day’s N784/$1.
In the Investors and Exporters (I&E) segment, the domestic currency maintained stability against its US counterpart yesterday to close at N445.30/$1 despite an increase in the value of FX trades recorded on Wednesday.
According to FMDQ Securities Exchange, the turnover for the session increased by 63.8 per cent or $69.12 million to $177.44 million from $108.32 million.
In the interbank segment, the Naira appreciated against the Pound Sterling on Wednesday by N2.46 to trade at N534.67/£1, in contrast to Tuesday’s rate of N537.13/£1, and against the Euro, the local currency gained N3.32 to close at N461.79/€1 compared with the previous day’s N465.11/€1.
In the black market, the Nigerian Naira appreciated against the United States Dollar by N18 to quote at N750/$1 compared with Tuesday’s exchange rate of N768/$1.
In the crypto market, the market was mixed, with Solana (SOL) rising by 2.3 per cent to $13.91, and Bitcoin (BTC) jumping by 1.3 per cent to $17,717.16, and Ethereum (ETH) appreciating by 0.9 per cent to sell at $1,283.14.
Further, Cardano (ADA) added 0.8 per cent to its value to trade at $0.3167, while United States Tether (USDT) rose by 0.02 per cent to sell at $1.00.
On the flip side, Dogecoin (DOGE) made a 2.8 per cent decline to quote at $0.1036, Litecoin slid by 1.8 per cent to trade at $77.03, Binance Coin (BNB) fell by 1.1 per cent to settle at $295.84, Binance USD (BUSD) went down by 0.07 per cent to $1.00, and Ripple (XRP) depreciated by 0.01 per cent to trade at $0.4011.
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.
-
Feature/OPED6 years agoDavos was Different this year
-
Travel/Tourism10 years ago
Lagos Seals Western Lodge Hotel In Ikorodu
-
Showbiz3 years agoEstranged Lover Releases Videos of Empress Njamah Bathing
-
Banking8 years agoSort Codes of GTBank Branches in Nigeria
-
Economy3 years agoSubsidy Removal: CNG at N130 Per Litre Cheaper Than Petrol—IPMAN
-
Banking3 years agoSort Codes of UBA Branches in Nigeria
-
Banking3 years agoFirst Bank Announces Planned Downtime
-
Sports3 years agoHighest Paid Nigerian Footballer – How Much Do Nigerian Footballers Earn
