MTN Nigeria Tops Trade Value as All-Share Index Holds N128.9 Trillion Cap

NGX ASI rises 1.41% as Lafarge proposes 96.64 bln naira dividend

The NGX ASI closed up 1.4076% at 1,703.83 on May 11, lifted by Dangote Cement and a 10% jump in First HoldCo, according to the analyst report provided. Lafarge Africa proposed a total dividend payout of 96.64 billion naira to shareholders, THISDAYLIVE reported. Seplat Energy stayed in focus after ADES, formerly Shelf Drilling, signed a contract worth close to $100 million, according to Africa Oil+Gas Report, while AD HOC NEWS highlighted the strength of its earnings and cash flow. In financials, FCMB appointed former Lafarge Africa CEO Adepeju Adebajo to its board, Nairametrics reported.

Nigerian Exchange — First HoldCo Jumps 10% as Dangote Cement Lifts NGX ASI 1.41%

First HoldCo rose 10% to NGN 74.55 on NGN 4.42 billion traded, highlighting a rotation into financials. Helped by Dangote Cement’s 8.5% jump, the NGX ASI gained 1.41% as advancers beat decliners 44 to 26.

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.