Nigerian Exchange — DANGSUGAR Drops 8.8% in 5 Days as DANGCEM Steals the Spotlight

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

Nigerian Exchange — FIDELITYBK Slides 10.5% in 5 Days, Valuation Sits at 3x Earnings

FIDELITYBK fell 10.5% over five sessions, from 22.3 NGN to 19.95 NGN, despite a low 3.0x P/E and a 6.27% dividend yield. The pullback comes even as the broader NGX remains positive, putting the stock back at the center of the debate around Nigerian banks.