Economy
Nigeria’s Over-the-Counter Stock Exchange Loses 0.02%
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange recorded a marginal drop of 0.02 per cent on the last trading day of this week, Friday, June 30.
Upon the resumption of the market yesterday, following Wednesday and Thursday’s hiatus due to the Eid-el-Kabir holiday, the OTC stock exchange witnessed a significant increase in trading activities.
The volume of securities traded at the bourse during the session surged by 24,638.3 per cent to 1.08 billion units from the 4.4 million units transacted in the preceding session.
Also, the value of shares traded at the session rose by 4,045.5 per cent to N21.1 billion from the N509.0 million posted on Tuesday, as the number of deals increased by 30 per cent to 26 deals from the 20 deals carried out in the previous trading session.
However, the NASD Unlisted Securities Index (NSI) dropped 0.21 points to wrap the session at 752.03 points compared with 752.24 points in the previous session, while a total of N290 million was sliced from the market capitalisation of the bourse, closing at N1.040 trillion, in contrast to Tuesday’s closing value of N1.041 trillion.
The day’s single price loser was NASD Plc, and it fell by N1.55 to close at N13.95 per unit compared with its previous closing value of N15.50 per unit.
But Niger Delta Exploration and Production (NDEP) Plc appreciated by 37 Kobo to end the day at N275.50 per share versus N275.13 per share, FrieslandCampina Wamco Nigeria Plc gained 6 Kobo to trade at N69.98 per unit versus N69.92 per unit, and UBN Property Plc chalked up 5 Kobo to sell at N1.00 per share versus 95 Kobo per share.
Yesterday, Central Securities Clearing System (CSCS) Plc took over the activity chart when it finished as the most traded stock by volume (year-to-date) with the sale of 2.2 billion units valued at N42.3 billion, followed by Geo-Fluids Plc with 842.5 million units valued at N1.3 billion, and Industrial and General Insurance (IGI) Plc with 630.1 units worth N49.6 million.
Also, CSCS Plc finished as the most traded stock by value (year-to-date) with 2.2 billion units worth N42.3 billion, followed by VFD Group Plc with 19.4 million units valued at N4.4 billion, and Geo-Fluids Plc with 842.5 million units worth N1.3 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.
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