NGX ASI slips 0.36% as Seplat, MTN and Dangote drive headlines
The NGX ASI fell 0.3612% to 1,798.54 on June 18, while Cadbury dropped 10% and pharmaceutical names proved more resilient, according to analyst reports. Seplat Energy announced a major leadership shake-up with Tony Elumelu taking the reins, Channels Television reported. MTN Nigeria partnered with First WATT to deploy 34 MWp of solar PV, 40 MWh of battery storage and EV charging infrastructure, according to SolarQuarter and FSX Business. Separately, Africa’s largest bank is backing a Dangote Refinery IPO, Techeconomy reported, while the NGX suspended trading in Fortis Global Insurance Plc shares on June 17, according to a market bulletin.
مقالات ذات صلة
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.