NGX ASI rises 0.31% as Seplat resumes after wage deal
The NGX ASI rose 0.3115% to 1,507.0 on April 6, after a 1.2% weekly gain as of April 3, according to the analyst report provided. Seplat Energy resumed operations on April 6 after workers halted strike action following an interim wage agreement, according to MyJoyOnline and Investors King. In cement, BUA Cement recalled 400 dismissed workers after a labour dispute was resolved between April 1 and April 2, while Businessday NG reported on March 30 that quarterly profit tripled and LEADERSHIP Newspapers said on March 31 that listed cement firms paid out N1.380 trillion in dividends. On the corporate side, Lafarge Africa posted N1.1 trillion in 2025 revenue, MTN detailed a record N1 trillion investment, and LEADERSHIP Newspapers said unclaimed dividends at 10 firms fell 26% to N24.3 billion over 12 months.
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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.