BUA Cement jumps on 117% Q1 profit surge as NGX ASI slips 0.50%
The NGX ASI closed at 1,625.12, down 0.4966% on April 27, while BUACEMENT rose to NGN335.0, according to an April 27 market report. BUA Cement posted Q1 2026 net profit of NGN176.4 billion, up 117%, after revenue rose 22.1% to NGN355 billion, according to Independent Newspaper Nigeria and westernpost.ng, while Nairametrics reported profit at NGN193 billion. Stanbic IBTC gained 5.5% in 5 days as westernpost.ng reported Q1 2026 profit up 42% to NGN165.4 billion, after Brand Communicator said full-year profit reached NGN551.7 billion and the group declared a NGN4 dividend. Nigerian Breweries posted a 26% quarterly profit increase, according to Premium Times Nigeria, while MTN Nigeria is set to begin compensating subscribers under an NCC directive and suspended airtime and data lending with Airtel Africa, Nairametrics and Proshare reported.
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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.