NGX ASI rises 2.79% as MTN and BUA Cement drive headlines
The NGX ASI closed at 1,795.73, up 2.7894% by June 12, after a 0.56% decline on June 11, according to analyst notes. MTN Nigeria led the newsflow with 3 developments between June 7 and June 9: the company defended data pricing, said it plans to open its billing systems to public scrutiny and highlighted a monitoring platform, while The Nation and The Guardian reported 878.7 billion naira in taxes and levies remitted to the federal government. BUA Cement also drew focus: MarketForces Africa reported a 10% drop in the stock on June 7, while Business News Nigeria highlighted a 189 billion naira dividend for shareholder Abdul Samad Rabiu and profit growth ahead of Lafarge and Dangote. On the regulatory front, NGX put amendments to its closed-end fund listing rules into effect on June 11, following SEC approval on May 26, according to market bulletins.
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Nigerian Exchange — NGX ASI Gains 2.79% in June 8-11 Week as Education and Microcaps Surge
The NGX ASI rose 2.79% in the week through Thursday, June 11, 2026, with 32 gainers against 31 losers. Learn Africa jumped 10.0%, while turnover was led by Access Holdings, NGX Group and MTN Nigeria.
Nigerian Exchange — Enamelware, Continental Hall Jump 10% Even as NGX ASI Slips 0.56%
Enamelware and Continental Hall led the NGX on June 11, 2026 with 10% gains each, even as the NGX ASI fell 0.56%. The divergence points to selective buying in smaller names while heavyweight financials, led by Access Holdings, dragged the broader market lower.
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.