NGX rises 0.97% as MTN, Lafarge and BUA Cement drive flow
The NGX ASI closed at 1,828.86, up 0.9667% on June 1, while INTENEGINS jumped 10% in a split market with banks under pressure, according to analyst notes. On the corporate side, Lafarge Africa posted N1.10 trillion in 2025 revenue and N411 billion in profit before tax, up 170%, and proposed a N96.64 billion dividend payout, according to Proshare and THISDAYLIVE. BUA Cement approved a N10.00 per share dividend and spent N4.5 billion on distributors, Proshare and THISDAYLIVE reported. MTN Nigeria remitted N878.7 billion to N879 billion in taxes, secured a AAA rating with stable outlook, reached 93.7% population coverage, invested N2.7 billion in communities, and said it wants to connect 8 million homes to fibre by 2028, according to Business News Nigeria, Punch, MarketForces Africa, Encomium Magazine and Africa Business Communities.
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