NGX ASI slips 0.36% as Seplat, MTN and Dangote drive headlines
The NGX ASI fell 0.3612% to 1,798.54 on June 18, while Cadbury dropped 10% and pharmaceutical names proved more resilient, according to analyst reports. Seplat Energy announced a major leadership shake-up with Tony Elumelu taking the reins, Channels Television reported. MTN Nigeria partnered with First WATT to deploy 34 MWp of solar PV, 40 MWh of battery storage and EV charging infrastructure, according to SolarQuarter and FSX Business. Separately, Africa’s largest bank is backing a Dangote Refinery IPO, Techeconomy reported, while the NGX suspended trading in Fortis Global Insurance Plc shares on June 17, according to a market bulletin.
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