Nigerian Exchange — ZENITHBANK Slides 6.3% in 5 Days, Yet Still Trades at 3.1x Earnings

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.

Nigerian Exchange — NGX ASI Falls 1.29% for May 4-8 as Airtel Africa Files, 38 Stocks Still Advance

The NGX ASI slipped 1.29% in the week ended May 8, 2026, even as market breadth stayed positive at 38 advancers versus 34 decliners. Neimeth, LivingTrust and Cadbury led gains, while Airtel Africa’s annual earnings added a key corporate catalyst.

Nigerian Exchange — NGXGROUP Drops 6.2% to 150 NGN Even as NGX ASI Gains 0.85%

NGXGROUP fell 6.2% to 150 NGN on May 7, 2026, ranking among the session’s sharpest decliners even as the NGX ASI rose 0.85%. The drop stood out against positive market breadth and refocused attention on a 31.6x P/E and a 1.33% dividend yield.