Economy
Nigerian Exchange Sheds 0.92%
By Dipo Olowookere
The Nigerian Exchange (NGX) Limited depreciated by 0.92 per cent on Tuesday after the Central Bank of Nigeria (CBN) slashed the benchmark interest rate by 0.5 per cent to 26.50 per cent at the end of its first Monetary Policy Committee (MPC) meeting for 2026.
Sell-offs mainly occurred in the consumer goods and insurance sectors, shedding 4.74 per cent and 1.31 per cent, respectively.
However, bargain-hunting remained in the others, with the industrial goods index gaining 1.92 per cent, the banking counter grew by 1.23 per cent, and the energy sector soared by 0.15 per cent.
When the bourse ended for the session, the All-Share Index (ASI) gave up 1,779.03 points to close at 194,484.52 points compared with the previous day’s 196,263.55 points, and the market capitalisation declined by N1.142 trillion to N124.827 trillion from N125.969 trillion.
DAAR Communications depreciated by 10.00 per cent to N2.25, Tantalizers also declined by 10.00 per cent to N4.86, BUA Foods shrank by 9.99 per cent to N760.60, Ellah Lakes slumped 9.96 per cent to N10.40, and Japaul lost 9.95 per cent to trade at N3.80.
Conversely, Jaiz Bank appreciated by 10.00 per cent to N12.76, Infinity Trust Mortgage Bank went up by 9.83 per cent to N19.00, FCMB gained 9.72 per cent to close at N13.55, Fortis Global Insurance chalked up 9.09 per cent to finish at 72 Kobo, and Sterling Holdco grew by 7.50 per cent to N8.60.
A total of 27 stocks ended on the gainers’ chart and 40 stocks finished on the losers’ table, indicating a negative market breadth index and weak investor sentiment.
Yesterday, investors bought and sold 1.1 billion equities worth N53.4 billion in 72,218 deals compared with the 1.3 billion equities valued at N31.5 billion in 95,091 deals recorded a day earlier.
This showed that the value of transactions went up by 69.52 per cent, the volume of trades declined by 15.39 per cent, and a slip in the number of deals by 24.05 per cent.
During the session, Japaul was the most active stock with 102.4 million units worth N399.8 million, Access Holdings exchanged 97.9 million units valued at N2.6 billion, Fortis Global Insurance traded 75.2 million units for N54.1 million, Zenith Bank sold 67.6 million units valued at N6.2 billion, and FCMB transacted 46.4 million units worth N612.2 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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