Economy
Over-the-Counter Securities Exchange Gains 2.00% in Week 50
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange appreciated by 2.00 per cent in Week 50 following renewed confidence in the alternative stock market in Nigeria.
This helped the value of the bourse to rise by N22.35 billion to N1.224 trillion from the N1.202 trillion it ended a week earlier, as the NASD Unlisted Security Index (NSI) added 16.49 points to close at 902.99 points compared with 886.50 points in Week 49.
In the five-day trading week, the total volume of stocks traded surged by 2,233.7 per cent to 647.3 million units from 27.7 million in the preceding week, the value of shares skyrocketed by 778.9 per cent to N1.4 billion from N157.7 million, and the number of deals increased by 31.3 per cent to 84 deals from 64 deals.
At the close of transactions, UBN Property Plc topped activity chart by volume with 590.4 million units, Geo-Fluids Plc followed with 52.7 million units, CSCS Plc posted 2.2 million units, FrieslandCampina Plc recorded 1.3 million units, and Acorn Petroleum Plc transacted 0.32 million units.
Also, UBN Property Plc was the most traded stock by value with N1.03 billion, Geo-Fluids recorded N141.2 million, FrieslandCampina Wamco Nigeria posted N97.4 million, 11 Plc exchanged N57.5 million, and CSCS Plc traded N41.8 million.
Week 50 saw the share prices of 10 companies on the platform making movements, with seven on the green side and three on the red side.
Aradel Holdings Plc gained N90 to settle at N990.00 per share versus N900.00 per share of the previous week, 11 Plc appreciated by N17.47 to close at N200.00 per share compared with the previous week’s N146.30 per share, NASD Plc grew by N1.20 to N13.20 per unit from N12.00 per unit, Acorn Petroleum Plc grew by 6 Kobo to 66 Kobo per unit from 60 Kobo per unit, Afriland Properties Plc made a 4 Kobo gain to end at N3.46 per share versus N3.42 per share, Food Concepts Plc appreciated by 2 Kobo from N1.65 per unit to N1.67 per unit, and UBN Property Plc chalked up 10 Kobo to close at N175 per share, in contrast to the preceding week’s N1.65 per share.
On the flip side, FrieslandCampina Wamco Nigeria Plc dropped N1.30 to close at N75.60 per unit versus N76.90 per unit, Central Securities Clearing System (CSCS) Plc depreciated by 53 Kobo to N18.72 per unit versus N19.25 per unit, and Geo-Fluids Plc fell by 4 Kobo to go from N2.69 per share to N2.65 per share.
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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