MTN Nigeria slips as NGX ASI rises 0.21% despite 38 decliners
The NGX ASI rose 0.2061% to 1,891.14 on August 17, after a 0.45% weekly decline flagged on August 14, while 38 stocks still fell, according to analyst notes. MTN Nigeria slipped on August 17 as investors sold on the interim dividend, reports MarketForces Africa, after Punch Newspapers said on August 11 that the group spent N1.63 trillion on CAPEX. MTN is still awaiting CBN approval to complete the sale of a 60% fintech stake, Business Post Nigeria reported on August 10, keeping the transaction conditional. Stanbic IBTC warned on August 12 of a possible H1 filing delay, according to Punch Newspapers, while also upgrading its corporate transaction platform to FinnAxia 9.0 on August 14, reports FinTech Futures. Seplat Energy disclosed its Q2 2026 exchange rate and a special dividend on August 13, according to TradingView.
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