Economy
Nigerian Stocks Begin Week With 1.22% Rise
By Modupe Gbadeyanka
It was a good start for the local equities market on Monday after the Nigerian Stock Exchange (NSE) recorded a 1.22 percent growth as investors take position on stocks trading at attractive prices.
This rise came as the NSE kicked off its new pricing methodology and par value rule yesterday, which saw prices of some stocks such as Red Star and LASACO, which had traded at the old price floor of 50 kobo, depreciate to 48 kobo at the close of business.
The market breadth on Monday closed positive with 42 price gainers and 12 price losers, while the year-to-date return stood at 15.85 percent.
Also, the All-Share Index (ASI) rose by 532.72 points yesterday to settle at 44,306.48 points, while the market capitalisation appreciated by N191 billion to finish at 15.883 trillion.
However, the volume and value of shares transacted by investors at the market depreciated by 39.32 percent and 17.50 percent respectively.
A total of 573.4 million equities worth N5.9 billion were traded on Monday in contrast to 944.9 million stocks valued at N7.1 billion exchanged at the last trading session.
At the close of trading activities yesterday, the Financial Services sector led the activity chart with 477.8 million shares exchanged for N4.2 billion, while the Consumer Goods sector followed with 52.6 million shares traded for N944 million.
FCMB emerged the most traded stock at the market on Monday, exchanging a total of 169 million units valued at N547 million.
It was trailed by Access Bank, which sold 42.5 million equities worth N553.5 million, and UBA, which exchanged 39.5 million shares valued at N513.7 million.
Honeywell Flour transacted 33.7 million shares for N91.5 million, while Zenith Bank sold 32.8 million shares worth N1 billion.
On the price movement chart, Dangote Cement topped the gainers’ chart after growing by N7.90k to close at N268 per share.
Stanbic IBTC increased by N1 to settle at N45 per share, while Forte Oil appreciated by 60k to finish at N50 per share.
UAC of Nigeria also rose by 60k to close at N17.60k per share, while Eterna increased by 43k to settle at N5.89k per share.
On the flip side, Guinness Nigeria emerged the biggest price loser, depreciating by N2 to close at N110 per share.
It was followed by Nigerian Breweries, which declined by N1.80k to finish at N150 per share, and Dangote Sugar, which fell by N1 to end at N20.95k per share.
Flour Mills of Nigeria went down by 50k to finish at N30.90k per share, while GTBank slumped by 30k to settle at N48.70k 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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