Nestlé Nigeria and Lafarge lead headlines as ASI rises 0.21%
The NGX ASI closed at 1,843.49, up 0.206% on June 4, while Aradel fell 9.5% yet led turnover at NGN3.43 billion, according to analyst reports. Nestle Nigeria posted NGN105 billion profit after tax for FY 2025, according to Proshare, while Lafarge Africa said Q1 2026 profit more than doubled to NGN98 billion on stronger sales and cost control, THISDAYLIVE reported. In telecoms, MTN Nigeria said it remitted NGN879 billion in taxes, cut emissions by 6.4% and reached 93.7% population coverage, while saying it wants to connect 8 million homes to fibre by 2028, according to Punch, The Guardian Nigeria News, Encomium Magazine and Africa Business Communities. Elsewhere, BUA Cement spent NGN4.5 billion on distributors, according to THISDAYLIVE, while a Stanbic IBTC independent director sold 303,800 shares in an insider transaction, Investors King reported.
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