BUA Cement jumps on 117% Q1 profit surge as NGX ASI slips 0.50%
The NGX ASI closed at 1,625.12, down 0.4966% on April 27, while BUACEMENT rose to NGN335.0, according to an April 27 market report. BUA Cement posted Q1 2026 net profit of NGN176.4 billion, up 117%, after revenue rose 22.1% to NGN355 billion, according to Independent Newspaper Nigeria and westernpost.ng, while Nairametrics reported profit at NGN193 billion. Stanbic IBTC gained 5.5% in 5 days as westernpost.ng reported Q1 2026 profit up 42% to NGN165.4 billion, after Brand Communicator said full-year profit reached NGN551.7 billion and the group declared a NGN4 dividend. Nigerian Breweries posted a 26% quarterly profit increase, according to Premium Times Nigeria, while MTN Nigeria is set to begin compensating subscribers under an NCC directive and suspended airtime and data lending with Airtel Africa, Nairametrics and Proshare reported.
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Nigerian Exchange — NGX ASI up 0.95% in week to April 30 as mid-caps rally despite 40 decliners
The NGX ASI rose 0.95% in the week through Thursday, April 30, 2026, with 46 gainers against 40 losers. Mid-caps led the advance, while Brent above $108, a steady naira at 1,374.3 per dollar and strong earnings helped support turnover.
NGX rises 1.5% as MTN earnings jump and Seplat tops N10,000
The NGX ASI rose 1.5025% to 1,621.34 on April 30, despite a 7.1% drop in oil, with telecoms leading the move, according to analyst notes. MTN Nigeria reported Q1 2026 profit of N355.5 billion, up 165%, while free cash flow climbed 56% to N326.5 billion and service revenue rose 42%, according to Business News Nigeria, ITWeb Africa and TechAfrica News. The company also warned fuel costs could cut profit by $102 million, according to TechCabal and Punch Newspapers. Seplat Energy posted Q1 post-tax profit of N52.5 billion, revenue of $840.7 million and gross profit of $370.5 million, while announcing interim and special dividends in dollars, according to Nairametrics, Channels Television and TipRanks. Seplat shares also crossed the N10,000 mark on the NGX for the first time, THISDAYLIVE reported.
Seplat Energy Makes History as First to Cross N10,000 Mark on NGX
Seplat Energy Makes History as First to Cross N10,000 Mark on NGX THISDAYLIVE