Stanbic IBTC leads as NGX ASI rises 0.47% on record 2025 profit
The NGX ASI closed at 1,666.55, up 0.4654% on April 21, as banks and selected defensives drove trading. Stanbic IBTC reported a record 2025 profit of NGN 551.7 billion and raised its final dividend to NGN 4 per share, according to Marketing Edge and AfricanFinancials. Five blue chips delivered 202% growth over 3 years, helped by FX stability, according to The Guardian Nigeria News. NASCON and Union Dicon rose nearly 10% despite a weaker broader market, while CHAMPION fell 3.3% over 5 days with valuation stretched at 72.5x, according to analyst notes. Dangote Sugar proposed a rights issue, while NGX announced extended trading hours and a revised trading schedule in April 21 market bulletins.
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