Economy
NSE Index Adds 0.62% as Investors Trade 11.8b Shares worth N21b
By Modupe Gbadeyanka
Trading of equities on the floor of the Nigerian Stock Exchange (NSE) ended on a positive note again on Thursday, making it the third straight day.
Gains recorded by Total Plc and 30 other stocks left the stock market closing 0.62 percent higher with the year-to-date return increasing to 41.19 percent today.
The market breadth finished positive as the stock market recorded a total 31 price gainers and 18 price losers.
Total Plc gained N11 to close at N241 per share, while 7up increased by N4.62k to finish at N97.12k per share.
Dangote Cement added N4 to its share value to settle at N245 per share, Forte Oil rose by N2.79k to end at N45.99k per share, and International Breweries progressed by N2.16k to finish at N60 per share.
However, Nigerian Breweries went down by N5.40k to close at N132.30k per share, and Guinness Nigeria depreciated by N1.7k to finish at N97.51k per share.
Flour Mills of Nigeria declined by 50k to settle at N33.50k per share, Ecobank slumped by 28k to close at N16.70k per share, while PZ Cussons crashed by 22k to settle at N22.3k per share.
Business Post reports that the All-Share Index (ASI) appreciated today by 235.40 points to settle at 37,944.60 points, while the market capitalisation improved by N82 billion to finish at N13.2 trillion.
It was observed that the market was very busy today with the volume and value of equities traded by investors growing astronomically.
A total of 11.8 billion worth N21.4 billion exchanged hands on Thursday in 5,152 deals compared with the 441.8 million units sold on Wednesday in 4,263 deals valued at N4.1 billion.
This spike in the volume of shares traded today was as a result of 11.3 billion units of Transcorp shares sold for N14.3 billion.
Fidelity Bank traded 117.2 million shares worth N246 million, while FBN Holdings transacted 53.6 million shares valued at N380.6 million.
Zenith Bank sold 39.7 million shares for N990.7 million, and FCMB transacted 32.2 million shares valued at N37 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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