NGX ASI jumps 4.81% as cement names and select stocks drive gains
The NGX ASI rose 4.8127% to 1,496.4 on April 1, despite 41 decliners, while RT Briscoe jumped 8.8% and ARADEL gained 4.1% over 5 days, according to market notes. Cement stocks underpinned the narrative as listed producers paid out N1.380 trillion in dividends, while BUA Cement tripled quarterly profit as FX losses eased and revenue surged, Businessday NG reported. Lafarge Africa separately reached N1.1 trillion in 2025 revenue, according to LEADERSHIP Newspapers. Outside industrials, MTN Nigeria explained a record N1 trillion investment and persistent no-coverage zones, THISDAYLIVE said, while unclaimed dividends at 10 firms fell 26% to N24.3 billion over 12 months, according to 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.