Economy
Nigerian Exchange Index Rises 0.08% to 47,140.48 points
By Dipo Olowookere
The Nigerian Exchange (NGX) Limited appreciated by 0.08 per cent on Friday following renewed bargain hunting on Honeywell Flour, Guinness Nigeria, UBA, Nigerian Breweries and 25 others.
The demand for these equities pushed the All-Share Index (ASI) up by 37.84 points to 47,140.48 points from 47,102.64 points and raised the market capitalisation higher by N20 billion to N25.406 trillion from N25.386 trillion.
Learn Africa recorded the highest increase in value yesterday with a price appreciation of 10.00 per cent to trade at N2.20 and was followed by NCR Nigeria, which rose by 9.92 per cent to N3.99.
Honeywell Flour gained 9.84 per cent to sell for N4.02, Academy Press improved by 9.82 per cent to close at N1.79, while SCOA Nigeria jumped by 9.81 per cent to N2.35.
The market closed with 15 price losers at the last trading session of the week and led by Pharma Deko, which lost 8.67 per cent to settle at N1.79.
FTN Cocoa depreciated by 5.41 per cent to 35 kobo, May & Baker fell by 5.39 per cent to N4.21, Cornerstone Insurance declined by 4.76 per cent to 60 kobo, while Sterling Bank went down by 4.12 per cent to N1.63.
Business Post reports that the consumer goods sector appreciated during the session by 1.05 per cent, while the banking counter grew by 0.08 per cent.
However, the energy sector fell by 3.42 per cent, while the insurance counter declined by 0.79 per cent, with the industrial good space closing flat.
A total of 4234.7 million shares worth N6.5 billion exchanged hands in 4,601 deals yesterday compared with the 357.8 million shares worth N6.5 billion traded in 4,251 deals a day earlier, indicating an increase in the trading volume and number of deals by 18.71 per cent and 8.23 per cent respectively, while the trading value closed flat.
Julius Berger ended the session as the most traded stock with 80.5 million units valued at N2.1 million and was trailed by Access Bank, which transacted 41.9 million units valued at N433.5 million.
United Capital transacted 39.2 million equities worth N467.4 million, Sovereign Trust Insurance sold 23.3 million stocks for N5.8 million, while Transcorp exchanged 21.9 million shares worth N25.6 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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