Nigeria: Equities Market Rebounds by 0.52% as Transcorp, BUA Cement, Fidson Drive Gains

Market Bulletin FGN Savings Bond June 2026

NGX ASI falls 1.06% as Stanbic IBTC posts NGN551.7 billion profit

The NGX ASI closed at 1,799.88, down 1.0647% on June 26, while IKEJAHOTEL rose 10% and BUACEMENT fell 17.8% over 5 days, according to analyst notes. Stanbic IBTC posted a record NGN551.7 billion profit in 2025 and raised its dividend, Marketing Edge reported. Seplat Energy appointed Elumelu as chairman and Okon as CEO to lead its next growth phase, while the company highlighted gas growth and production expansion, according to THISDAYLIVE and LEADERSHIP Newspapers. MTN Nigeria committed to ethical conduct with compliance with IFRS S1 and S2, Tribune Online reported.

Nigerian Exchange — BUACEMENT Slides 17.8% in 5 Days Despite 2.94% Yield

BUACEMENT fell 17.8% over five sessions, from 414.0 NGN to 340.2 NGN, as the Nigerian market dropped 1.06% on Friday. The pullback leaves the stock at an RSI of 41.81, but valuation still looks demanding at a 32.4 P/E.