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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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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