Investors Oversubscribe NMRC’s N11.5bn Bond Offer

Market Bulletin Activation of Sovereign Trust Insurance Plc's Rights

Market Bulletin Fidelity Bank Plc's Private Placement

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.