Indimi daughters accuse Stanbic IBTC of failing to freeze $30m in Oriental Energy judgment

MTN leads NGX narrative with NGN3 trillion H1 revenue

The NGX ASI rose 0.21% to 1,875.44 on Aug. 11, while FTN Cocoa jumped 9.9% according to analyst notes and DANGSUGAR fell 7.2% over 5 days. MTN Nigeria drove the newsflow with nearly NGN3 trillion in H1 2026 revenue, up 25.9%, and 70.6% profit growth, according to CNBC Africa and Telecom Review Africa. The company also said it spent NGN1.62 trillion to NGN1.63 trillion on network capex, according to APAnews and Punch Newspapers, while fintech revenue fell 7% after lending rules, The Guardian Nigeria News reported. In industry, BUA Cement wants to raise capacity with a 3 mmtpa greenfield plant and a brownfield project, according to LEADERSHIP, while Dangote Refinery could pursue a Johannesburg secondary listing as part of a $5 billion IPO, according to Financial Nigeria and African Capital Markets News.

MTN Nigeria Spent N1.63tn on CAPEX – CFO

MTN Nigeria spent N1.63tn on CAPEX – CFO

Nigerian Exchange — DANGSUGAR Falls 7.2% in 5 Days as DANGCEM Steals the Spotlight

DANGSUGAR slid 7.2% over five sessions to 73.0 NGN, while DANGCEM rose 8.7% to 1,047.0 NGN. In a mixed Nigerian market, the gap between the two Dangote names points to a clear rotation toward more defensive industrial exposure.