NGX gains 1.08% fueled by BUA Cement rally and dividend payouts
The NGX ASI closed at 1516.99 points, up 1.08%, according to market data. Market capitalization advanced by 923 billion naira week-on-week, driven by buy interest in BUA Cement, reports THISDAYLIVE. BUA Cement rallied to a record high ahead of a N10 dividend proposal, while Lafarge Africa hit a 52-week high following a 400% dividend surge, according to MarketForces Africa. Listed cement firms rewarded shareholders with N1.380 trillion in dividend payouts, reports LEADERSHIP Newspapers.
مقالات ذات صلة
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.