NGX ASI slips 0.27% as MTN Nigeria posts NGN1.11 trln profit
The NGX ASI fell 0.27% to 1,803.04 on July 15, even as selected stocks rose 10.0% for First HoldCo on July 14 and 9.3% for Thomas Wyatt on July 15, according to analyst notes. MTN Nigeria reported NGN1.11 trillion profit after tax for FY 2025, with the share price cited at NGN760, according to Proshare. Seplat Energy dominated company news with Tony Elumelu named chairman-designate, Effiong Okon set as incoming CEO, and a 15-year gas supply deal signed by the NNPCL/Seplat JV with UTM FLNG, according to Proshare and The Guardian Nigeria News. In Lafarge Africa, a proposed $1 billion acquisition by a Chinese company won Senate endorsement, while questions were raised over ownership of 66% of the shares, according to thestreetjournal.org and LEADERSHIP Newspapers.
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