NGX ASI rises 1.96% as BUA Cement, MTN Nigeria and Seplat drive flow
The NGX ASI closed up 1.9582% at 1,745.27 on May 22, according to market data. BUA Cement led the corporate flow with 2025 revenue of N1.2 trillion, a N10 per share dividend and capacity expanded to 23 million tonnes, according to The Nation Newspaper, Premium Times Nigeria and LEADERSHIP Newspapers. MTN Nigeria said it remitted N878.7 billion in taxes and levies as profit swung from a N399 billion loss to a N1.11 trillion gain, theeagleonline.com.ng reported. Seplat Energy also reaffirmed long-term growth and shareholder returns at its 13th AGM, while an analyst note dated May 21 said the stock had risen 11% in 5 days with oil at $107.38 a barrel.
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MTN Nigeria posts N1.09tn H1 profit as NGX ASI rises 1.05%
The NGX ASI closed at 1774.11, up 1.0474% on July 31, after posting a 1.05% weekly gain according to analyst reports. MTN Nigeria reported a record N1.09tn pre-tax profit for H1 2026 and declared a N26 interim dividend, Arise News reported, despite recent pressure on the stock flagged by analysts. Seplat signed a $281.6 million deal to sell a 10% JV stake to NNPC while retaining operatorship, according to Arise News, after the stock fell 2.0% over 5 days in analyst notes. The weekly advance was also led by Eterna and insurers, while DANGCEM jumped 8.7% and NGXGROUP gained 18.9% over 5 days, analyst reports showed.
Nigerian Exchange — DANGSUGAR Stalls at 78.7 NGN as DANGCEM Jumps 8.7%
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Nigerian Exchange — NGX ASI Gains 1.05% as Eterna, Insurers Rally While MTN Drags
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