Economy
NGX: Investors Traded N52bn Shares In 5 Days, Up By 83%
NGX: Investors Traded N52bn Shares In 5 Days, Up By 83%
NGX: Investors traded N52bn shares in 5 days, up by 83%. The Nigerian Exchange Limited (NGX) says stock market traders exchanged N52.96 billion in 64,612 deals to trade 2.09 billion shares between April 7 and April 11.
The NGX’s weekly stock market report showed that the value of the shares traded was 83.5 percent higher than the N28.86 billion exchanged for 1.18 billion shares in 42,397 deals the previous week.
TOP PERFORMING SECTORS
The top three performing sectors for the week are the financial services industry, the agriculture industry and the services industry.
According to the data, the financial services industry led the activity chart with 1.54 billion shares traded in 36,013 deals, valued at N36.35 billion.
The sector contributed 73.49 percent and 68.63 percent to the total equity turnover volume and value, respectively.
In second place was the agriculture industry, with 98.88 million shares worth N1.34 billion in 2,772 deals.
Similarly, the services industry came third with 93 million shares, worth N522.15 million, exchanged in 3,012 deals.
TOP THREE EQUITIES
The data showed that Access Holdings Plc, Guaranty Trust Holding Company (GTCO) Plc and Zenith Bank Plc are the top three equities within the reviewed period.
Together, they accounted for 629.33 million shares worth N25.82 billion in 12,742 deals. The three companies contributed 30.06 percent and 48.75 percent to the total equity turnover volume and value, respectively.
TOP GAINERS OF THE WEEK
Analysis of the data showed that VFG Group Plc’s share appreciated by N30.70 kobo, according to the bourse, and ended the week at N87.70 kobo per share, compared to the opening price of N50.
Likewise, the share price of Union Dicon Salt Plc increased by N1.80 kobo from N5.80 kobo to N7.60 kobo.
In contrast to its opening price of N4.73 kobo, Abbey Mortgage Bank Plc’s share gained N1.40 kobo to close the week at N6.13 kobo.
FTN Cocoa Processors Plc share price appreciated by 18.75 percent to N1.90 kobo per share — up from N1.60 kobo.
Also, Total Energies Marketing Nigeria Plc closed the week at N745 per share, up from N679.7 kobo per share, representing a gain of N65.3 kobo.

NGX: Investors
TOP LOSERS OF THE WEEK
At the end of trading, Royal Exchange Plc’s share, according to the report, depreciated by N0.21 kobo to N0.80 kobo — from N1.01.
Similarly, Cornerstone Insurance Plc lost N0.50 kobo in its share price, which closed at N2.80 kobo per share, against the opening price of N3.30 kobo per share.
Sovereign Trust Insurance Plc’s share price declined from N1 to N0.85 kobo per share, losing N0.15 kobo.
Lasaco Assurance Plc also reported a loss of 12.82 percent after the value of its share dropped to N2.35 kobo per share from N2.04 kobo per share in five days.
Lastly, CAP Plc share price decreased to N41.50 kobo, after losing N5.50 kobo from the N47 per share it started the week with.
Economy
Lagos Assembly Strongly Seeks Suspension Of Makoko Demolition
Lagos Assembly Strongly Seeks Suspension Of Makoko Demolition
Lagos assembly strongly seeks suspension of Makoko demolition. The Lagos state house of assembly has called for the suspension of demolition activities in Makoko, Oko-Agbon and Shogunro waterfront communities following protests by displaced residents and growing public concern over the exercise.
The call was announced on Tuesday by Noheem Adams, chairman of an ad hoc committee set up by Mudashiru Obasa, speaker of the house, during a stakeholders’ meeting held at the Lateef Jakande auditorium.
Adams called on all state ministries to cease demolition work and promised compensation to the affected residents.
“On behalf of the speaker and all 40 members of the house, we are directing that all demolitions in Makoko, Oko-Agbon, and Shogunro communities should stop from today until further notice,” New Telegraph quoted Adams as saying.
He called for transparency by demanding the full list of taskforce members and the criteria used for engagement, insisting that residents must be actively involved in the process.
“That the taskforce that was constituted, we want to see the list of the taskforce because we want the residents to be duly involved and to be carried along. So we want to have the schedule of those task forces and the criteria for those that we are inviting,” Adams added.

Lagos Assembly
“To the residents of Makoko, Oko-Agbon and Shogunro communities, as your representatives, we are giving you all assurances that they will stop demolitions henceforth and there will be compensations for all those whose properties have been demolished.”
Stephen Ogundipe, member of the ad-hoc, said there is need for clear communication, adding that residents targeted for relocation or redevelopment must be informed of the government’s plans in advance.
Babatunde Olajide, special adviser to governor of Lagos on E-GIS and urban renewal, confirmed that $2 million had been earmarked since 2021 to transform Makoko into a modern, internationally compliant water city.
He said enumeration of affected properties is underway and reiterated the administration’s commitment to handling the situation with a human face, prioritizing resident safety and fair compensation.
Yusuf Sagra, baale of Makoko, described the assembly’s decision as a “word of peace,” while Orioye Ogungbure, another leader of the community, praised the “democratic responsiveness” of the government.
Crime
EFCC Arrests Kannywood Star, Samha Inuwa for Alleged Naira Mutilation In Viral Video
EFCC Arrests Kannywood Star, Samha Inuwa for Alleged Naira Mutilation In Viral Video
EFCC arrests Kannywood Star, Samha Inuwa for alleged naira mutilation in viral video. The Kano Zonal Directorate of the Economic and Financial Crimes Commission, EFCC, on Tuesday, February 3, 2026 arrested a Kannywood Star, Samha Inuwa over alleged Naira mutilation.
Inuwa was arrested following a viral video circulated on social media platforms where she was seen conspicuously cleaning mucus from her nose using Naira notes.

EFCC
Following the release of the viral video, the Commission swung into action by tracing and subsequently arrested her to answer questions.
She is currently being held at the Commission’s detention facility while investigation is ongoing.
The suspect will be charged to court upon conclusion of investigations.
Dele Oyewale
Head, Media & Publicity
February 3, 2026
Economy
Access Bank Gets New Board Chair Ifeyinwa Osime
Access Bank Gets New Board Chair Ifeyinwa Osime
Access Bank gets new board chair Ifeyinwa Osime. Access Bank Plc has appointed Ifeyinwa Osime as chair of the board of directors, following the retirement of Paul Usoro, on January 29.
Access Bank Plc has appointed Ifeyinwa Osime as chair of the board of directors, following the retirement of Paul Usoro, on January 29, according to a statement to the Nigerian Exchange Ltd. on Monday.
Ms Osime, a legal practitioner, joined Access Bank’s board in November 2019 as an independent non-executive director and had chaired its Human Resources and Sustainability Committee and the Governance, Nomination, and Remuneration Committee. This role made her contribute significantly to the bank’s corporate governance, leadership development, and sustainability initiatives.
Additionally, Ms Osime is a director at Ebudo Trust Ltd. and a partner at McPherson Legal Practitioners, where she advises on corporate and commercial matters and contributes to strategic leadership.
She is also a member of the Nigerian Bar Association, the Women Corporate Directors, Nigeria Chapter, and the Chartered Institute of Directors, Nigeria, where she serves on the Executive Committee of the Women Sectoral Group.

Access Bank Gets New Board Chair Ifeyinwa Osime
Beyond her professional responsibilities, Ms Osime is committed to mentoring youths and is actively involved in the Autism and Developmental Delays Support Community, reflecting her dedication to inclusion and social impact.
Speaking on her appointment, the group chairman, Aigboje Aig-lmoukhuede, said, “Mrs Osime is a principled and experienced leader with a deep understanding of the Bank’s strategy and values.
“She has demonstrated strong commitment to the bank’s vision and mission, and I am confident that, under her leadership, the bank will continue to advance its strategic objectives of delivering sustainable value to shareholders and other stakeholders in the pursuit of its vision to become the world’s most respected African bank.”
Mr Aig-lmoukhuede also congratulated Mr Usoro on the completion of his tenure and on his exemplary leadership, dedication, and significant contributions to the group, saying he remains a valued member of the Access family.
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