Economy
Nigeria’s Equity Market Size Hits N57trn Amid Weak Investor Sentiment
By Dipo Olowookere
The opening session of the week at the Nigerian Exchange (NGX) Limited ended on a positive note on Monday, with a 2.22 per cent, stretching the year-to-date return to 39.99 per cent.
The appreciation was recorded despite selling pressure in most of the key sectors of the bourse, with the industrial goods counter providing succour after it closed higher by 6.65 per cent.
The banking index fell by 1.05 per cent yesterday, the insurance counter depreciated by 0.92 per cent, the consumer goods sector declined by 0.25 per cent, and the energy space went down by 0.12 per cent.
However, the All-Share Index (ASI) surged at the close of business by 2,272.79 points to 104,674.67 points from 102,401.88 points and the market capitalisation gained N1.244 trillion to settle at N57.282 trillion compared with the preceding session’s N56.038 trillion.
Business Post reports that investor sentiment was weak yesterday after a negative market breadth index due to the NGX closing with 38 price losers and 24 price gainers.
DAAR Communications and Ikeja Hotel declined by 10.00 per cent each to quote at 81 Kobo and N6.75 apiece, Cadbury Nigeria retreated by 9.80 per cent to N20.70, NPF Microfinance Bank lost 8.88 per cent to trade at N1.95, and Ellah Lakes depleted by 8.48 per cent to N3.02.
But Oando topped the gainers’ group after it chalked up 9.96 per cent to settle at N13.80, Dangote Cement grew by 9.93 per cent to N763.00, Tripple Gee rose by 9.89 per cent to N3.11, Berger Paints expanded by 9.81 per cent to N17.35, and Royal Exchange advanced by 8.97 per cent to 85 Kobo.
The stock exchange was very busy on Monday, with the trading volume, value, and the number of deals increasing by 32.83 per cent, 191/01 per cent, and 40.58 per cent, respectively.
This was because a total of 689.9 million equities valued at N25.9 billion were traded in the session in 15,887 deals compared with the 519.4 million equities worth N8.9 billion traded in 11,301 deals in the preceding session.
Japaul finished the day as the most active stock after exchanging 83.9 million units for N269.6 million, Transcorp traded 42.8 million units worth N690.5 million, Zenith Bank transacted 34.5 million units valued at N1.5 billion, Access Holdings sold 34.1 million units valued at N967.7 million, and GTCO traded 33.4 million units worth N1.5 billion.
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.
-
Feature/OPED6 years agoDavos was Different this year
-
Travel/Tourism10 years ago
Lagos Seals Western Lodge Hotel In Ikorodu
-
Showbiz3 years agoEstranged Lover Releases Videos of Empress Njamah Bathing
-
Banking8 years agoSort Codes of GTBank Branches in Nigeria
-
Economy3 years agoSubsidy Removal: CNG at N130 Per Litre Cheaper Than Petrol—IPMAN
-
Banking3 years agoSort Codes of UBA Branches in Nigeria
-
Banking3 years agoFirst Bank Announces Planned Downtime
-
Sports3 years agoHighest Paid Nigerian Footballer – How Much Do Nigerian Footballers Earn
