NGX ASI rises 0.31% as Seplat resumes after wage deal
The NGX ASI rose 0.3115% to 1,507.0 on April 6, after a 1.2% weekly gain as of April 3, according to the analyst report provided. Seplat Energy resumed operations on April 6 after workers halted strike action following an interim wage agreement, according to MyJoyOnline and Investors King. In cement, BUA Cement recalled 400 dismissed workers after a labour dispute was resolved between April 1 and April 2, while Businessday NG reported on March 30 that quarterly profit tripled and LEADERSHIP Newspapers said on March 31 that listed cement firms paid out N1.380 trillion in dividends. On the corporate side, Lafarge Africa posted N1.1 trillion in 2025 revenue, MTN detailed a record N1 trillion investment, and LEADERSHIP Newspapers said unclaimed dividends at 10 firms fell 26% to N24.3 billion over 12 months.
Related stories
NGX rises 1.28% as MTN’s N3 trln revenue and Seplat’s $164 mln profit lift mood
The NGX ASI closed at 1,856.34, up 1.2777%, extending its weekly gain to 1.28% as Access and UBA led a rebound despite 27 decliners, according to Afrivestia analysts. MTN Nigeria dominated the tape with H1 revenue of nearly N3.0 trillion, net profit of N707.5 billion up 70.6% to 71%, 4.9 million new subscribers and an interim dividend of N26, according to Independent Newspaper Nigeria, Telecom Review Africa, Techeconomy, Investors King and Proshare. The group also cleared its FX debt, opening a new investment phase, while an FCCPC crackdown on airtime lending wiped out nearly 75% of fintech revenue, Business News Nigeria reported. In energy, Seplat Energy posted H1 profit after tax of $164 million, up 498%, while NNPC wants to acquire 10% of its JV for $281.6 million, according to Daily Trust and Punch Newspapers. In materials, cement companies lifted H1 profit by 40% to N1.17 trillion, while BUA Cement wants to add 3 mmtpa through a greenfield plant and a brownfield project after approving a N10.00 per share dividend, according to The Guardian Nigeria News, LEADERSHIP Newspapers and Proshare.
Nigerian Exchange — INTENEGINS slides 5.8% in 5 days as NGX ASI rises 1.28%
INTENEGINS fell 5.8% over five sessions to 4.04 NGN, underperforming a 1.28% rise in the NGX ASI. With an RSI of 40.29, a P/E of 18.4 and high risk, the stock is showing relative weakness in a sharply mixed insurance segment.
Nigerian Exchange — NGX Gains 1.28% for Aug. 3-7 Week as Access, UBA Lift Trade Despite 27 Decliners
The NGX rose 1.28% in the week ended August 7, 2026, led by financials and telecom even as breadth stayed weak at 17 gainers versus 27 losers. Access Holdings, UBA and GTCO drew heavy turnover in a market still tied to naira stability and oil prices.