NGX down 0.77% despite major recycling partnership
The NGX ASI closed at 1471.75 points, down 0.77% according to market data. Nigerian Breweries acquired a 29% stake in a plastic recycling project in Ogun, reports Punch Newspapers, partnering with Indorama and Genesis Energy to develop the largest rPET production facilities. Demand for BUA Cement nonetheless added 649 billion naira in market valuation, according to THISDAYLIVE. This decline follows recent volatility, with the index falling 2.36% on Wednesday after a 2.79% gain on Tuesday.
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NGX ASI falls 1.29% as Seplat reports and MTN Nigeria reshuffles ₦152 bln
The NGX ASI closed at 1,680.18, down 1.2896% on May 8, after gains of 1.65% on May 6 and 0.85% on May 7, according to the market notes provided. Seplat Energy on May 8 released its unaudited Q1 2026 financial statements for the period ended March 31, 2026, according to Proshare. MTN Nigeria transferred its fintech operations to its parent company in a ₦152 billion restructuring, Marketing Edge reports. Lafarge Africa confirmed the appointment of 5 directors and the re-election of 3 others, according to Nairametrics.
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