MTN Nigeria leads headlines as NGX ASI rises 0.67%
The NGX ASI closed at 1,807.83, up 0.6738% on June 15, after a 2.79% weekly gain over June 8-11, according to analyst reports. MTN Nigeria drove several headlines, including a 34 MWp solar PV and 40 MWh battery storage partnership with First WATT Renewable, according to SolarQuarter, while also defending data pricing and rolling out a new monitoring platform, according to Extensia Ltd, Tech Review Africa and TechAfrica News. The company also said it remitted N878.7 billion in taxes and levies to the federal government, The Nation Newspaper reported. In corporate news, Seplat Energy announced a leadership change involving Tony Elumelu, according to Channels Television, while Heirs Energies saw its $750 million financing named oil and gas deal of the year, Majorwaves Energy Report said.
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MTN leads NGX headlines as ASI rises 0.86% to 1,895.85
The NGX ASI rose 0.8613% to 1,895.85 on Aug. 13, despite 33 decliners, while John Holt jumped 9.9% after its Q2 results, according to analyst notes. MTN Nigeria dominated headlines with N1.62 trillion to N1.63 trillion in capex and N3 trillion in H1 revenue, while its fintech revenue fell 7% after lending rules, according to APAnews, Punch and The Guardian Nigeria. The group is still awaiting CBN approval to complete the sale of a 60% stake in its fintech unit, Business Post Nigeria reported, keeping the transaction conditional. Elsewhere, BUA Cement wants to lift capacity with a 3 mmtpa greenfield plant and a brownfield project, according to LEADERSHIP, while the JSE is pursuing a secondary listing for Dangote Refinery’s $5 billion IPO, Financial Nigeria reported.
Nigerian Exchange — DANGSUGAR slides 9.1% in 5 days as DANGCEM rebounds 8.7%
DANGSUGAR fell to 70.0 NGN after a 9.1% five-day drop, even as the NGX ASI gained 0.86%. The contrast with DANGCEM, up 8.7% to 1,047.0 NGN, points to a clear rotation inside the Dangote universe.
Nigerian Exchange — John Holt Jumps 9.9% on Q2 Strength Even as 33 Stocks Fall
John Holt rose 9.9% to 10.0 NGN on Thursday, August 13, 2026, helped by an earnings-and-expansion narrative in a mixed market. The NGX ASI added 0.86% to 1,895.85, but decliners still outnumbered gainers 33 to 17.