May 11, 2026/United Capital Report Market Summary: Today, the Nigerian Exchange Market closed on a positive note due to share price appreciation in MTNN (+2.32%) and DANGCEM (+8.46%) As a result, the benchmark Nigerian Exchange All-Share Index (NGX-ASI) rose by 2.33% to settle at 250,481.42 points Year to date returns […]
Author: InvestAdvocate
Nigerian Bourse Open Week Bullish +2.3% on Bellwether Gains
May 11, 2026/Cordros Report EQUITIES The local bourse commenced the week on a bullish note as bargain hunting in DANGCEM (+8.5%), MTNN (+2.3%), GTCO (+6.3%) and FIRSTHOLDCO (+10.0%) drove the All-Share Index higher by 2.3% to 250,481.42 points. Consequently, the Month-to-Date and Year-to-Date returns settled higher at +3.4% and +61.0%, respectively. The […]
MTN Nigeria: Volume-Driven Growth and Financial De-Risking Reinforce Long-Term Bullish Case
May 8, 2026/InvestmentOne Report MTN Nigeria posted a robust top-line performance in Q1:2026, with total service revenue increasing to NGN1.49trn (+41.80% YoY). Importantly, this growth reflects volume-driven momentum rather than a pricing-driven base effect as the tariff adjustments implemented in mid-Q1 2025 are no longer in the current period, making […]
