
NGX ASI falls 1.29% as Seplat reports and MTN Nigeria reshuffles ₦152 bln
The NGX ASI closed at 1,680.18, down 1.2896% on May 8, after gains of 1.65% on May 6 and 0.85% on May 7, according to the market notes provided. Seplat Energy on May 8 released its unaudited Q1 2026 financial statements for the period ended March 31, 2026, according to Proshare. MTN Nigeria transferred its fintech operations to its parent company in a ₦152 billion restructuring, Marketing Edge reports. Lafarge Africa confirmed the appointment of 5 directors and the re-election of 3 others, according to Nairametrics.
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NGX ASI falls 1.06% as Stanbic IBTC posts NGN551.7 billion profit
The NGX ASI closed at 1,799.88, down 1.0647% on June 26, while IKEJAHOTEL rose 10% and BUACEMENT fell 17.8% over 5 days, according to analyst notes. Stanbic IBTC posted a record NGN551.7 billion profit in 2025 and raised its dividend, Marketing Edge reported. Seplat Energy appointed Elumelu as chairman and Okon as CEO to lead its next growth phase, while the company highlighted gas growth and production expansion, according to THISDAYLIVE and LEADERSHIP Newspapers. MTN Nigeria committed to ethical conduct with compliance with IFRS S1 and S2, Tribune Online reported.
Nigerian Exchange — BUACEMENT Slides 17.8% in 5 Days Despite 2.94% Yield
BUACEMENT fell 17.8% over five sessions, from 414.0 NGN to 340.2 NGN, as the Nigerian market dropped 1.06% on Friday. The pullback leaves the stock at an RSI of 41.81, but valuation still looks demanding at a 32.4 P/E.