NGX ASI falls 1.37% as Senate backs Lafarge Africa's $1 billion takeover
The NGX ASI closed at 1,823.86, down 1.3682% on July 10, after a 2.53% gain on July 9, according to market data and analyst notes. The Senate approved the proposed $1 billion acquisition of Lafarge Africa by a Chinese company, while LEADERSHIP Newspapers reported questions over ownership of 66% of Lafarge shares. Lafarge Africa also changed its name on July 9, according to a Market Bulletin and analyst notes. MTN Nigeria reported N1.11 trillion profit after tax in its 2025 audited results, with Proshare citing a share price of N760. UTM FLNG signed a gas sale agreement with the NNPCL/Seplat Energy JV, The Nation Newspaper reported.
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