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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MTN leads NGX as ASI rises 0.81% amid $5 bln IPO push
The NGX ASI rose 0.81% to 1,871.46 on Aug. 10, after a 1.28% weekly gain as of Aug. 7 despite 27 decliners, according to analyst reports. MTN Nigeria drove the flow with H1 revenue of N2.99 trillion to N3.0 trillion and profit growth of 70.6% to 71% to N707.5 billion, while 4.9 million net subscriber additions lifted service revenue 25.9% to N3.0 trillion, according to Telecom Review Africa, Techeconomy and Investors King. The group also invested N1.62 trillion in network infrastructure and is still awaiting CBN approval to complete the sale of a 60% fintech stake, while the Xtratime suspension triggered a 72% collapse in Q2 fintech revenue, according to APAnews, Business Post Nigeria and Marketing Edge Magazine. Elsewhere, Seplat Energy’s H1 profit after tax jumped 498% to $164 million, cement companies grew H1 profit 40% to N1.17 trillion and BUA Cement wants to add 3 mmtpa through greenfield and brownfield projects, while Dangote Refinery’s $5 billion IPO is drawing closer and the JSE is pursuing a secondary listing, reports Financial Nigeria and African Capital Markets News.
Nigerian Exchange — DANGSUGAR Drops 7.2% in 5 Days as DANGCEM Jumps 8.7%
DANGSUGAR fell 7.2% over five sessions to 73.0 NGN, lagging an NGX ASI that rose 0.81%. The contrast with DANGCEM, up 8.7% to 1,047.0 NGN, points to a clear rotation into cement names and large-cap defensives.
Nigerian Exchange — NAHCO Jumps 9.3% as $86.26 Brent Revives Nigeria Cargo Trade Bet
NAHCO led NGX gainers with a 9.3% jump to 153 NGN in a market where losers still outnumbered gainers 32 to 16. Brent at $86.26 and a strong banking rebound helped lift the NGX All Share Index by 0.81%.