Economy
NSE Index Records 0.02% Marginal Loss
By Dipo Olowookere
The Nigerian Stock Exchange (NSE) sustained its bearish position on Thursday as the market closed marginally lower by 0.02 percent yesterday despite finishing with 25 price gainers and 14 price losers.
On Wednesday, Chairman of Forte Oil Plc, Mr Femi Otedola, announced the completion of the sale of his 75 percent stake in the company so as to focus on his electricity business.
This information saw the stock price lowering by N3.45k yesterday to close at N31.20k per share, making the counter the highest price decliner.
MTN Nigeria lost N2 to end at N130 per share, C&I Leasing depreciated by 63 kobo to settle at N5.67k per unit, Stanbic IBTC went down by 40 kobo to quote at N41.50k per share, while Zenith Bank lost 20 kobo to end at N20 per unit.
Conversely, Julius Berger emerged as the highest price gainer yesterday after recording a price appreciation of N1.40k to end at N20.90k per share.
It was followed by Lafarge Africa, which grew by 95 kobo to end at N10.50k per share, and Nigerian Breweries, which appreciated by 50 kobo to close at N57.50k per unit.
Dangote Sugar went up by 45 kobo to close at N12.45k per share, while GTBank added 25 kobo to its share value to finish at N31.25k per share.
Looking at the level activity, which was low on Thursday, the volume and value of shares transacted by investors declined by 77.67 percent and 94.25 percent respectively.
While the volume of traded equities went down to 275.5 million units from 1.2 billion units, the value dropped to N3.9 billion from N67.9 billion.
At the market yesterday, Sterling Bank closed as the most active stock, selling 55 million shares worth N131.9 million.
Lafarge Africa transacted 32.4 million equities valued at N340.6 million, while Access Bank exchanged 26.9 million shares for N185.1 million.
GTBank sold 25.9 million equities worth N801.3 million, while Zenith Bank traded 19.9 million shares valued at N398.9 million.
For the major market indicators, the All-Share Index (ASI) reduced by 7.41 percent to settle at 29,765.31 points, while the market capitalisation decreased by N3 billion to close at N13.117 trillion.
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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