Economy
Nigerian Stocks up by 1.10% as Investors Gain N148b
By Dipo Olowookere
Transactions on the floor of the Nigerian Stock Exchange (NSE) closed on Thursday on a positive note, extending the rally to the second trading session.
At the close of business today, the stock market finished 1.10 percent higher as investors embark on bargain hunting at the market.
The All-Share Index (ASI) increased by 416.78 points to settle at 38,350.64 points, while the market capitalisation grew by N148.3 billion to finish at N13.648 trillion.
The market breadth closed positive today with 23 appreciating stocks and 13 depreciating stocks, while the Year-to-Date (YtD) gain ended at 42.70 percent.
At the market on Thursday, the Financial Services sector led the activity chart with 321.8 million shares exchanged for 933 million, while the Conglomerates sector followed with 93.5 million shares traded for N134 million.
Business Post reports that the volume of equities traded today increased by 106.5 percent from 207.9 million to 429.4 million, while the total value of stocks transacted decreased by 55.3 percent from N3.4 billion to N1.5 billion.
AIICO led the activity chart on Thursday, trading 210.5 million shares worth N109.5 million, and was followed by Transcorp, which sold 93.4 million shares valued at N132.3 million.
Fidelity Bank traded 23.9 million equities worth N53.3 million, FCMB sold 13.2 million shares valued at N17.5 million, while UBA transacted 13 million shares valued at N133.5 million.
On the price movement chart, Dangote Cement emerged the highest price gainer, appreciating by N9 to settle at N238 percent.
International Breweries grew by N2.20k to close at N54 per share, while Seplat increased by 95k to finish at N568 per share.
Ecobank rose today by 70k to end at N17.20k per share, and Berger Paints appreciated by 40k to settle at N8.49k per share.
On the flip side, Nestle, which gained N30.95k yesterday, lost N29.79k today to top the losers’ log, closing at N1465.21k per share.
It was followed by Total Plc, which fell by N11 to finish at N219 per share, and Nigerian Breweries, which slumped by N1.53k to close at N140.52k per share.
Dangote Sugar depreciated by N1.18k to settle at N19.34k per share, while May & Baker declined by 12k to end at N2.62k per share.
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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