MTN Nigeria jumps as NGX ASI rises 0.55% on corporate news flow
The NGX ASI closed up 0.5519% at 1,703.61 on May 14, after a 1.33% rise a day earlier, while banking stocks traded 8.99 billion naira, according to the market bulletin cited in analyst reports. MTN Nigeria led the corporate flow after Q1 2026 profit surged 170% on data growth, according to AD HOC NEWS and Nairametrics. In industrials, Lafarge Africa proposed a 96.64 billion naira dividend and confirmed 5 director appointments alongside 3 re-elections, according to THISDAYLIVE and Nairametrics. In energy, Seplat Energy released Q1 2026 unaudited results and ADES signed a contract worth nearly $100 million with the company, Africa Oil+Gas Report said, while Fitch affirmed Stanbic IBTC Holdings at 'AAA (nga)' with a stable outlook, according to MarketForces Africa.
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