Stanbic IBTC jumps on N551.7bn profit as NGX ASI slips 0.59%
The NGX ASI fell 0.594% to 1,656.65 on April 22, even as TRANSCOHOT, CAP and UACN each rose 10%, according to Afrivestia analysts. Stanbic IBTC led headlines with N551.7 billion in profit, N4.3 trillion in deposits and a N4 per share dividend, while Proshare reported N380.80 billion in 2025 PAT and AfricanFinancials confirmed the final payout. The first-quarter 2026 rally remains anchored by Aradel, BUA Cement, Nestlé, Lafarge Africa and Okomu, Independent Newspaper Nigeria reported, while The Guardian Nigeria News said 5 blue chips delivered 202% growth over 3 years on FX stability. In trading, UBA gained 15.7% over 5 days and First HoldCo rose 6.3% on N4.49 billion in turnover, according to Afrivestia analysts, while Dangote Sugar proposed a rights issue, according to a market bulletin dated April 21.
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