MTN Nigeria posts N1.11 trn profit as NGX ASI stays nearly flat

The NGX ASI closed at 1,770.15, up 0.056% on July 29, despite negative breadth with 43 decliners, according to analyst notes. MTN Nigeria reported N1.11 trillion profit after tax for audited 2025 results, with the stock referenced at N760, Proshare reported. BUA Cement posted N325 billion profit in H1 2026, driven by cost discipline and market expansion, according to Independent Newspaper Nigeria. Transcorp Power reported N54.99 billion profit before tax in H1 2026, while TRANSCORP rose 2.8% on the day and insurance names cushioned the market, according to THISDAYLIVE and analyst notes.