NGX ASI rebounds 1.33% as Seplat, MTN and Lafarge drive headlines
The NGX ASI rose 1.3289% to 1,694.26 on May 13, after a 1.87% drop on May 12, while DAARCOMM, CWG and Fidson each gained 10%, according to the market bulletin. On the corporate front, Seplat published its quarterly results for the period ended March 31, 2026, while ADES signed a contract worth close to $100 million with Seplat, Africa Oil+Gas Report said, and AD HOC NEWS highlighted the group's earnings and cash-flow strength. MTN Nigeria delivered one of its biggest quarterly profits on record, according to Nairametrics, after transferring its fintech operations to its parent in a 152 billion naira restructuring, Marketing Edge reported. Lafarge Africa proposed a 96.64 billion naira dividend, THISDAYLIVE said, after confirming the appointment of 5 directors and the re-election of 3 others, Nairametrics reported, while NMRC's 11.5 billion naira bond offer was oversubscribed, according to LEADERSHIP Newspapers.
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NGX ASI rises 0.23% as MTN Nigeria sets ₦26 interim dividend
The NGX ASI rose 0.23% to 1,858.63 on Aug. 21, in a narrow market where RT Briscoe jumped 9.6%, according to the market notes provided. MTN Nigeria approved an interim dividend of ₦26 per share with a Sept. 7 payment date, TechAfrica News reported. Transcorp Power posted H1 2026 results showing firm margins and a resilient balance sheet despite disruption from grid vandalism, according to Proshare. Stanbic IBTC also upgraded its corporate transaction platform to Nucleus Software's FinnAxia 9.0, FinTech Futures reported.
Nigerian Exchange — DANGSUGAR Falls 2.8% to 67.9 NGN Despite a 5.2% Weekly Gain
DANGSUGAR closed down 2.8% at 67.9 NGN on August 21, 2026, ranking among the NGX’s notable decliners. Even so, the stock is still up 5.2% over five sessions, outperforming a market where the NGX ASI added just 0.23% on the day.
Nigerian Exchange — RT Briscoe Jumps 9.6% as NGX ASI Adds 0.23% in a Narrow Market
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.