Economy
NSE Index Gives up Early Gains to Settle 0.09% Lower
By Dipo Olowookere
The Nigerian Stock Exchange (NSE) could not sustain the early gains it recorded on the trading platform on Friday as a result of selling pressure.
By the time the market closed for the day, it was slightly down by 0.09 percent, leaving the year-to-date loss at 19.53 percent.
Business Post reports that the market capitalisation depleted yesterday by N10 billion to finish at N11.241 trillion, while the All-Share Index (ASI) decreased by 29.26 points to close at 30,773.64 points.
A total of 14 stocks recorded losses on Friday and were led by Seplat, which posted N.50k decline to settle at N584.50k per share.
It was followed by Dangote Cement, which depreciated by N3 to finish at N187 per share, and GTBank, which went down by 90 kobo to end at N33.80k per share.
Access Bank fell yesterday by 35 kobo to close at N7.05k per share, while FCMB declined by 8 kobo to settle at N1.65k per share.
On the other side, Mobil Oil Nigeria led the 29 appreciating equities on Friday after a gain of N16.80k to finish at N184.80k per share.
Nestle Nigeria followed with a N10.10k growth to close at N1470.10k per share, while Total Nigeria appreciated by N8 to end at N200 per share.
Okomu Oil grew by N3.20k to end at N76.20k per share, while Forte Oil increased its share value by N2.50k to settle at N28.45k per share.
Yesterday, the volume of share equities transacted by investors depreciated by 64.55 percent, while the value declined by 10.36 percent.
A total of 193.5 million shares worth N3.7 billion were traded on Friday compared with the 546 million shares worth N4.1 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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