Economy
Nigerian Stocks Gain 0.89% to Open Week Bullish
By Dipo Olowookere
The first trading session of the new week at the exchange located on Customs Street, Victoria Island, Lagos closed bullish as Nigerian stocks appreciated by 0.89 per cent on Monday.
The gains recorded by 26 equities, which overpowered the losses printed by eight shares pushed the All-Share Index (ASI) higher by 340.48 points to 38,722.87 points from the previous 38,382.39 points and lifted the market capitalisation by N178 billion to N20.260 trillion from N20.082 trillion.
Business Post observed that the growth achieved yesterday was influenced by gains across the key sectors of the market with the exception of the banking counter, which slightly went down by 0.01 per cent.
The industrial goods sector appreciated by 2.12 per cent, the insurance space grew by 0.44 per cent, the consumer goods index rose by 0.29 per cent, while the energy counter gained 0.14 per cent.
On the price movement chart, Berger Paints topped the gainers’ group after it appreciated by 10.00 per cent to close at N18.70.
Stanbic IBTC also gained 10.00 per cent to sell for N44, UAC Nigeria rose by 6.67 per cent to N8, John Holt expanded by 6.52 per cent to 49 kobo, while International Breweries gained 5.88 per cent to quote at N5.40.
At the losers’ end, Champion Breweries led with a price depreciation of 8.20 per cent, closing at N2.24 and was trailed by Jaiz Bank, which fell by 4.48 per cent to 64 kobo.
Japaul declined by 4.08 per cent to trade at 47 kobo, Consolidated Hallmark Insurance decreased by 3.23 per cent to 30 kobo, while Learn Africa went down by 2.73 per cent to N1.07.
Despite the growth posted on Monday, the level of activity reduced as the trading volume went down by 4.60 per cent to 277.2 million units from 290.6 million units, the trading value decreased by 24.00 per cent to N3.1 billion from N4.0 billion, while the number of deals went down by 0.28 per cent to 4,299 deals from 4,311 deals.
The announcement of a dividend by the board of Union Bank for 2020 financial has spurred interest in the stock and yesterday, the lender traded 79.9 million units of its shares worth N423.4 million.
GTBank exchanged 36.1 million equities valued at N1.1 billion, FBN Holdings transacted 33.3 million stocks for N242.5 million, Zenith Bank sold 25.0 million shares for N562.5 million, while Transcorp traded 24.1 million stocks valued at N19.5 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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