NGX rises 1.52% ahead of June 1 shift to T+1 settlement
The NGX ASI closed up 1.5204% at 1,776.18 on May 26, after a 2.21% gain a day earlier, according to analyst notes. The market advanced despite 36 decliners, while Austin Laz, McNichols and Airtel Africa each jumped 10%, according to analysts. On the corporate front, GCR affirmed MTN Nigeria's AAA rating with a stable outlook, according to MarketForces Africa, while Blueprint Newspapers reports Stanbic IBTC outperformed Wema on efficiency and earnings diversification in Q1 2026. Arise News says BUA Cement approved a 338.6 billion naira dividend after profit rose to 356 billion naira, and African Capital Markets News reports Nigeria will move to T+1 settlement from June 1.
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