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.
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NGX ASI rises 1.36% as MTN Nigeria and Seplat lead headlines
The NGX ASI closed up 1.358% at 1,815.89 on June 24, after a 0.84% decline on June 23, according to market data and analyst notes. MTN Nigeria drove 3 headlines in 3 days, committing to IFRS S1 and S2 compliance, vesting 129,129 shares worth NGN103.3 million to 6 employees, and appointing Bukola Ajayi as CIO, according to Tribune Online, TechNext.ng and CIO Africa. Seplat Energy also drew focus with Tony Elumelu's appointment as chairman, LEADERSHIP Newspapers reported. Analyst notes showed FTN Cocoa jumping 8.4% with cocoa at $4,986, while cement names fell 10%, underscoring a session shaped by sharp sector divergence.
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