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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Nigerian Exchange — First HoldCo Jumps 10% as Dangote Cement Lifts NGX ASI 1.41%
First HoldCo rose 10% to NGN 74.55 on NGN 4.42 billion traded, highlighting a rotation into financials. Helped by Dangote Cement’s 8.5% jump, the NGX ASI gained 1.41% as advancers beat decliners 44 to 26.
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.
Nigerian Exchange — NGX ASI Falls 1.29% for May 4-8 as Airtel Africa Files, 38 Stocks Still Advance
The NGX ASI slipped 1.29% in the week ended May 8, 2026, even as market breadth stayed positive at 38 advancers versus 34 decliners. Neimeth, LivingTrust and Cadbury led gains, while Airtel Africa’s annual earnings added a key corporate catalyst.