NGX ASI falls 0.93% as MTN and energy headlines drive focus
The NGX ASI fell 0.9293% to 1,756.92 on June 10, while Livestock Feeds jumped 10% despite the broader decline, according to analyst notes. OANDO held at NGN 50.5 with oil at $93.72 a barrel, after Abbey Mortgage Bank rose 9.8% on June 9 and INTENEGINS gained 9.9% on June 8, according to analysts. In corporate news, MTN Nigeria defended its data pricing and highlighted a new monitoring platform, while also saying it remitted NGN 878.7 billion in taxes and levies to the federal government, according to Extensia Ltd, TechAfrica News and The Nation Newspaper. In energy, Seplat appointed Elumelu chairman and Effiong Okon chief executive on June 9, while Heirs Energies' $750 million financing was named oil and gas deal of the year, Majorwaves Energy Report said.
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Nigerian Exchange — Livestock Feeds Jumps 10% as NGX ASI Falls 0.93%
[Livestock Feeds](/stock/NGX/LIVESTOCK) rose 10% to NGN 9.35 on June 10, 2026, even as the NGX ASI fell 0.93%. The move highlights selective buying in consumer names while banks dragged the broader market lower.
NGX ASI falls 0.89% as MTN highlights N878.7 billion tax remittance
The NGX ASI fell 0.89% to 1,773.4 on June 9, while Abbey Mortgage Bank jumped 9.8% after INTENEGINS gained 9.9% a day earlier, according to analyst notes. MTN Nigeria said it remitted N878.7 billion in taxes and levies to the federal government, according to The Nation and The Guardian Nigeria News. The telecom group also said it plans to open its data billing systems to public scrutiny and is exploring data-tracking tools, according to Premium Times Nigeria and LEADERSHIP Newspapers. In corporate news, Stanbic IBTC hired former Hydrogen CEO to lead Zest Payments, according to Condia, while Africa Oil+Gas Report said Tony Elumelu could be in line to become Seplat chairman.
Nigerian Exchange — Abbey Mortgage Bank Jumps 9.8% Even as NGX ASI Falls 0.89%
Abbey Mortgage Bank rose 9.8% to 11.25 NGN on Tuesday, June 9, 2026, defying a 0.89% drop in the NGX ASI. The move puts Nigeria’s mortgage segment back in focus as investors rotate into niche financials tied to structural housing demand.