African Alliance Insurance Recapitalization Update

Nigerian Exchange — DANGSUGAR Falls 8.1% in 5 Days as DANGCEM Reshapes Sector Trade

DANGSUGAR slid 8.1% over five sessions to 77.0 NGN while DANGCEM rose 8.7% to 1,047.0 NGN. With the NGX ASI up 1.31% but decliners beating advancers 43 to 9, the divergence points to sharp rotation inside the Dangote complex.

Nigerian Exchange — Nigeria REIT Jumps 9.7% as 43 Losers Expose a Split Market

Nigeria REIT rose 9.7% to 113.0 NGN on 2.03 billion in volume even as only 9 of 58 tracked stocks advanced. The NGX ASI’s 1.31% gain masked a defensive rotation in a market where 43 names fell.

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.