NNFM NOTICE OF APPOINTMENT

NGX ASI rises 0.76% as Stanbic posts ₦551.7 bln and MTNN flags ₦921.8 mln buys

The NGX ASI closed up 0.7567% at 1,813.5 on June 29, after a 1.06% decline reported on June 26, while MTNN fell 10% on the day, according to a June 29 analyst report. MTN Nigeria disclosed insider share acquisitions worth ₦921.8 million across 5 tranches on June 29, after vesting 129,129 shares worth ₦103.3 million to 6 employees on June 22, according to TechNext.ng. Stanbic IBTC posted a record ₦551.7 billion profit for 2025 and raised its dividend, according to Marketing Edge. Seplat Energy issued 3 updates between June 25 and June 28, naming Elumelu chairman and Okon CEO, highlighting gas and production growth, and then winning an energy and dividend company award, according to THISDAYLIVE and LEADERSHIP Newspapers.

Nigerian Exchange — FCMB Falls 4.4% in 5 Days, Valuation Drops to 2.4x Earnings

FCMB Group is in focus after sliding 4.4% over 5 sessions to 9.7 NGN. With an RSI of 29.42, a 2.4x P/E and a 5.67% dividend yield, the stock combines technical pressure with compressed valuation in a tense Nigerian banking sector.

Nigerian Exchange — UPDC Jumps 9.2% as 36 Stocks Fall and MTN Nigeria Sinks 10%

UPDC rose 9.2% to 3.55 NGN on Monday even as market breadth stayed weak, with 36 decliners against 16 gainers. MTN Nigeria’s 10% drop and Dangote Sugar’s 7.3% slide point to a sharp rotation into property names and smaller caps.