Economy
Profit-Taking in Tier-One Banks Weakens Stock Market by 0.09%
By Dipo Olowookere
The Nigerian Stock Exchange (NSE) kicked off the new week on a wrong note on Monday after profit-taking in tier-one banks depressed the market by 0.09 per cent.
Investors booked profit yesterday after share prices of the banking stocks recorded appreciable gains in the past few trading sessions as a result of their strong half-year performance.
At the close of transactions on Monday, GTBank, which led the losers’ chart, lost 65 kobo to sell for N25.90 per share, while Dangote Sugar, which followed, depreciated by 45 kobo to close at N12.05 per unit.
Red Star Express declined by 17 kobo to finish at N3.72 per share, UBA went down by 15 kobo to sell for N6.30 per share, while Zenith Bank lost 10 kobo to settle at N17.30 per unit.
Business Post reports that Stanbic IBTC was the highest price riser on Monday, appreciating by 50 kobo to sell for N38.50 per unit, while Access Bank gained 35 kobo to finish at N6.80 per unit.
C&I Leasing increased its share price by 30 kobo to quote at N3.90 per share, Eterna appreciated by 19 kobo to finish at N2.27 per share, while NEM Insurance gained 18 kobo to close at N2.25 per unit.
During the session, a total of 255.0 million stocks worth N2.0 billion were traded in 4,699 deals compared with the 419.7 million shares worth N3.8 billion traded in 4,152 deals the previous session. This indicated a 39.24 per cent decline in the trading volume, 47.19 per cent decline in the trading value and 13.17 per cent rise in the number of deals.
UBA was the most traded stock as it sold 44.4 million units worth N292.0 million, while Zenith Bank followed after selling 30.8 million equities worth N536.1 million.
Access Bank transacted 29.1 million shares valued at N196.6 million, Custodian Investment traded 26.4 million stocks for N126.7 million, while FBN Holdings exchanged 19.8 million shares worth N98.6 million.
An analysis of the sectorial performance showed that the banking space depreciated on Monday by 0.70 per cent, while the consumer goods sector lost 0.36 per cent.
However, the insurance counter grew by 0.69 per cent, the energy industry appreciated by 0.19 per cent, while the industrial goods sector gained 0.03 per cent.
For the benchmark indicators, the All-Share Index (ASI) lost 23.41 points to settle at 25,582.23 points as against the previous 25,605.64 points, In the same vein, the market capitalisation reduced by N12 billion to close at N13.346 trillion versus N13.358 trillion of last Friday.
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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