Economy
NSE Index Reaches 31,016.17 Points on Strong Investor Sentiment
By Dipo Olowookere
The Nigerian Stock Exchange (NSE) recorded a strong investor sentiment on the last trading session of the week, closing with 31 price gainers and 11 price losers.
This propelled the All-Share Index (ASI) to another level, hitting the 31,000 mark after appreciating by 277.25 points on Friday. The benchmark market performance ended the session at 31,016.17 points as against Thursday’s 30,738.92 points.
Business Post reports that the renewed buying interest in the Nigerian equities lifted the market from the previous session’s dungeon by 0.90 per cent yesterday.
This increased the market capitalisation by N145 billion to N16.207 trillion at the close of transactions from N16.062 trillion it closed a day earlier.
Most of the stocks mopped up by investors during the session were in the banking space and this lifted the sector by 3.39 per cent, while the consumer goods and industrial goods counters grew by 0.60 per cent and 0.05 per cent respectively. However, the insurance and energy indices fell by 2.68 per cent and 0.21 per cent respectively.
Dangote Cement was the highest price gainer on Friday with the addition of N5.50 to its equity price to settle at N174.50 per unit.
GTBank gained N1.20 to close at N33.50 per unit, Presco appreciated by N1.10 to finish at N67 per share, Guinness Nigeria chalked up 95 kobo to end at N17.50 per share, while Dangote Sugar improved by 95 kobo to N16.50 per unit.
On the opposite side, BUA Cement led the losers’ log after suffering a price depreciation of N2.45 to trade at N43 per share, while Flour Mills lost 40 kobo to sell at N27.20 per share.
Axa Mansard declined by 20 kobo to N2 per share, NEM Insurance went down by 18 kobo to N2.05 per unit, while Oando dropped 6 kobo o close at N2.70 per share.
A look at the activity level showed that the volume of shares rose by 48.21 per cent to 637.5 million units from 430.1 million, units and the number of deals increased by 47.12 per cent to 6,354 from 4,319, while the value of the transactions fell by 21.00 per cent to N5.2 billion from N6.6 billion.
The most traded stock yesterday was Omoluabi Mortgage Bank, trading 139.5 million units worth N83.7 million, while FBN Holdings traded 91.4 million units valued at N595.0 million.
Sterling Bank exchanged 51.5 million stocks worth N93.7 million, Access Bank transacted 47.3 million equities for N382.1 million, while UBA traded 44.6 million shares for N356.4 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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