NGX jumps 2.79% as BUA Cement's strong results drive momentum
The NGX ASI closed at 1517.28 points, rising 2.79%. BUA Cement achieved landmark revenue of ₦1.18 trillion for FY 2025, according to THISDAYLIVE. The company was also named Nigeria's most profitable cement maker by Business News Nigeria. Separately, MTN Nigeria announced the exit of non-executive board member Mazen Mroue, as reported by Nairametrics and Proshare.
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NGX ASI falls 1.29% as Seplat reports and MTN Nigeria reshuffles ₦152 bln
The NGX ASI closed at 1,680.18, down 1.2896% on May 8, after gains of 1.65% on May 6 and 0.85% on May 7, according to the market notes provided. Seplat Energy on May 8 released its unaudited Q1 2026 financial statements for the period ended March 31, 2026, according to Proshare. MTN Nigeria transferred its fintech operations to its parent company in a ₦152 billion restructuring, Marketing Edge reports. Lafarge Africa confirmed the appointment of 5 directors and the re-election of 3 others, according to Nairametrics.
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