NGX ASI rises 0.76% as Stanbic posts ₦551.7 bln and MTNN flags ₦921.8 mln buys
The NGX ASI closed up 0.7567% at 1,813.5 on June 29, after a 1.06% decline reported on June 26, while MTNN fell 10% on the day, according to a June 29 analyst report. MTN Nigeria disclosed insider share acquisitions worth ₦921.8 million across 5 tranches on June 29, after vesting 129,129 shares worth ₦103.3 million to 6 employees on June 22, according to TechNext.ng. Stanbic IBTC posted a record ₦551.7 billion profit for 2025 and raised its dividend, according to Marketing Edge. Seplat Energy issued 3 updates between June 25 and June 28, naming Elumelu chairman and Okon CEO, highlighting gas and production growth, and then winning an energy and dividend company award, according to THISDAYLIVE and LEADERSHIP Newspapers.
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MTN leads NGX with N2.99 trln revenue as ASI rises 0.23%
The NGX ASI closed at 1,879.66, up 0.225% on August 12, while NGXGROUP fell 2.8% over 5 days, according to analyst notes. MTN Nigeria drove the flow with H1 revenue of N2.99 trillion, CAPEX of N1.63 trillion and a diesel bill highlighted within a N3 trillion cost narrative, according to Brand Communicator, Punch Newspapers and Business News Nigeria. The company is still awaiting CBN approval to complete the sale of a 60% fintech stake, while fintech revenue fell 7% after lending rules, according to Business Post Nigeria and The Guardian Nigeria. Elsewhere, BUA Cement wants to add 3mmtpa through 1 greenfield plant and 1 brownfield project, reports LEADERSHIP, while the NGX listed Lasaco Assurance's rights issue and Dangote Refinery could pursue a secondary listing tied to a $5 billion IPO, according to the market bulletin and Financial Nigeria.
Nigerian Exchange — NGXGROUP slips 2.8% in 5 days even as NGX ASI edges up 0.23%
NGXGROUP fell 2.8% over five sessions to 136.0 NGN, lagging a mildly positive Nigerian market. With a 28.6 P/E and a 1.47% yield, the stock remains a direct play on trading activity and the broader market cycle.
Nigerian Exchange — Intels Nigeria Jumps 10% as New Government Contracts Lift Q2 Story
Intels Nigeria rose 10% on Wednesday, August 12, 2026, after strong Q2 earnings and fresh government contracts. The NGX ASI added just 0.23%, showing a selective market even as Brent held near $88.85 a barrel.