Economy
Nigerian Stocks Further Suffer Heavy Loss, Down 2.22%
By Dipo Olowookere
The downtrend recorded last Friday on the trading floor of the Nigerian Stock Exchange (NSE) continued on Monday as losses posted by MTN Nigeria and Dangote Cement Affected the overall performance of the market.
The signing of the 2019 budget by President Muhammadu Buhari on Monday failed to keep investors in high spirits as the local bourse finished 2.22 percent lower.
The All-Share Index (ASI) went down yesterday by 681.97 points to settle at 30,199.32 points, while the market capitalisation depreciated by N301 billion to finish at N13.301 trillion.
Topping the losers’ table on Monday was MTN Nigeria as the telco’s stocks went down by N10 to close at N130 per unit.
It was followed by Dangote Cement, which lost N8 to finish at N192 per share, and Forte Oil, which crashed by 35 kobo to end at N27.45k per share.
Africa Prudential went down by 10 kobo to settle at N3.60k per unit, while Union Bank depreciated by 10 kobo to close at N6.90k each.
At the other end, Unilever Nigeria topped the gainers’ log with a price appreciation of N2.70k to finish at N33.70k per unit.
It was trailed by Ecobank, which rose by 95 kobo to end at N11 per share, and Dangote Flour, which increased its share value by 50 kobo to finish at N16.60k per unit.
GTBank gained 20 kobo yesterday to close at N31.30k per unit, while Zenith Bank appreciated by 20 kobo to settle at N19.20k per unit.
Business Post reports that the level of activity was low in the first trading session of the week as the volume and value of shares transacted by investors went down by 46.60 percent and 66.54 percent respectively.
The volume of shares dropped to 148.2 million units from 294.1 million units, while the value decreased to N2.2 billion from N6.6 billion.
Fidelity Bank was investors’ darling yesterday, with a turnover of 28.3 million units worth N49.5 million.
Access Bank sold 20.3 million shares valued at N117.4 million, while UBA traded 20.1 million equities for N114.6 million.
MTN Nigeria transacted 10.2 million shares for N1.4 billion, while Zenith Bank exchanged 8.7 million equities worth N168.3 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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