NGX ASI rises 1.41% as Lafarge proposes 96.64 bln naira dividend
The NGX ASI closed up 1.4076% at 1,703.83 on May 11, lifted by Dangote Cement and a 10% jump in First HoldCo, according to the analyst report provided. Lafarge Africa proposed a total dividend payout of 96.64 billion naira to shareholders, THISDAYLIVE reported. Seplat Energy stayed in focus after ADES, formerly Shelf Drilling, signed a contract worth close to $100 million, according to Africa Oil+Gas Report, while AD HOC NEWS highlighted the strength of its earnings and cash flow. In financials, FCMB appointed former Lafarge Africa CEO Adepeju Adebajo to its board, Nairametrics reported.
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The NGX ASI rose 0.23% in the week ended August 21, 2026, even as market breadth stayed negative at 18 gainers versus 28 losers. RT Briscoe led advancers with a 9.6% jump, while Brent at $94.16 a barrel helped underpin commodity-linked names.