NGX rises 1.84% as MTN, Seplat and cement earnings lift mood
The NGX ASI rose 1.8415% to 1,806.78 on Aug. 3, backed by a run of corporate updates and oil-linked names, with Caverton and Eterna up 10% as Brent traded at $83.89, according to the cited market bulletin. MTN Nigeria added 4.9 million subscribers in H1 2026 and grew service revenue by 25.9% to 3 trillion naira, while also clearing its FX debt to unlock a new investment phase, according to Techeconomy and Punch Newspapers. In energy, Seplat Energy's profit after tax surged 498% to $164 million in H1, while cement companies lifted profit by 40% to 1.17 trillion naira, Daily Trust and The Guardian Nigeria News reported. In the background, the NGX issued a bulletin on Aug. 3 changing the start time for trading in newly listed securities, after AVA Capital Plc's listing was announced on July 31, according to Market Bulletins.
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