Seplat dips equities market by 0.08%

After record sessions of positives, mild sell-side pressure at the Nigerian Exchange Limited (NGX) on Thursday decreased the All-Share Index (ASI) by 0.08 percent or N54billion.

Shares of Seplat Energy and other major laggards rerouted the market southward. Seplat decreased most, from N5,516 to N4,964.40, losing N551.60 or 10 percent.

It was followed by newly listed Legend Internet which dropped from N7.60 to N6.84, losing 76 kobo or 10 percent, while shares of another major laggard Abbey Mortgage Bank dropped from N6.87 to N6.19, losing 68 kobo or 9.90 percent.

Consumer goods, industrial stocks push market higher by N1.5trn in one week

By Iheanyi Nwachukwu • May 30, 2025

Iheanyi Nwachukwu

Iheanyi Nwachukwu, is a creative content writer with almost two decades journalism experience writing on banking, finance, capital markets, and tax. The multiple awards winning journalist is Assistant Editor, BusinessDay. Iheanyi holds BSc Degree in Economics from Imo State University; Master of Science (MSc) Degree in Management from University of Lagos. Iheanyi has attended several work-related trainings including (i) Advanced Writing and Reporting Skills (Pan African University, Lagos); (ii) News Agency Journalism (Indian Institute of Mass Communication {IIMC}, New Delhi, India); and (iii) Capital Markets Development and Regulations (International Law Institute {ILI} of Georgetown University, Washington DC, USA). Other trainings Iheanyi attended include: Economic/Political Risk Analysis (By Thomson Reuters Foundation); International Financial Journalism (IFJ) (By PMA Media Training, UK); Effective Business Writing Skills (By Phillips Consulting); Reporting on Corporate Governance (By International Finance Corporation (IFC) & Thomson Reuters Foundation UK); etc. In addition, he has participated in high-level economy & markets events in Dubai, South Africa, Morocco, and other African countries like Zambia, Ghana and Gambia.