NGX Group shareholders approve N2.00 per share dividend
Shareholders of Nigerian Exchange Group Plc (NGX Group) have commended the Board and Management for the Group’s performance and strategic direction, urging continued focus on growth and long-term value creation. At the Group’s 65th Annual General Meeting (AGM), shareholders approved the audited financial statements for the year ended 31 December 2025, alongside key resolutions including […]
Shareholders of Nigerian Exchange Group Plc (NGX Group) have commended the Board and Management for the Group’s performance and strategic direction, urging continued focus on growth and long-term value creation.
At the Group’s 65th Annual General Meeting (AGM), shareholders approved the audited financial statements for the year ended 31 December 2025, alongside key resolutions including a final dividend of N2.00 per share, a one-for-three bonus share issue, and the corresponding increase in share capital.
The re-election of Dr. Umaru Kwairanga, Group Chairman, Board of Directors, Dr. Okechukwu Itanyi, Independent Non-Executive Director and Mrs. Ojinika Olaghere, Independent Non-Executive Director reinforced continuity in governance and oversight.
Shareholders acknowledged the Group’s disciplined execution and its role in strengthening the Nigerian capital market, noting that recent developments reflect a more structured and better-regulated market environment.
Speaking during the meeting, the President, New Dimension Shareholders Association, Patrick Ajudua, commended the leadership of the Group for delivering a strong financial outcome, noting that the results reflect both improved market conditions and deliberate strategic execution.
“The numbers speak to a business that is gaining strength and direction,” he said.
Similarly, the Chairman of the Progressive Shareholders Association of Nigeria, Boniface Okezie, lauded the Group’s commitment to innovation and infrastructure development.
“The market is becoming more forward-looking, supported by strong leadership at the Group level. Initiatives around market infrastructure and participation are yielding results, and this is positive for investors,” he noted.
Commenting during the AGM, Chairman of NGX Group, Umaru Kwairanga, appreciated shareholders for their continued support and reaffirmed the Board’s commitment to sustainable value delivery.
He said, “The progress recorded reflects the strength of the Group’s strategy and the performance of its operating businesses. As a Board, our responsibility is to ensure disciplined oversight, uphold strong governance standards, and position NGX Group to deliver sustainable, long-term value to shareholders.”
Group managing director/chief executive officer, Temi Popoola, said 2025 marked the strongest financial performance in the Group’s history, underpinned by disciplined execution and the strength of a diversified business model.
He said, “Profit Before Tax rose to N15.6billion, representing a 14.3% increase from 2024, driven by a 36% growth in core revenue to N22.9billion. Operating profit increased by 44.4% to N11.8billion, reflecting improved operating leverage and sustained market activity.
“Our disciplined approach to balance sheet management delivered a 67% reduction in finance costs, materially strengthening profitability. Despite inflationary pressures, we maintained cost efficiency, achieving a year-on-year reduction in total expenses. Total assets grew to N71billion, while shareholders’ equity increased to N55.2 billion.
“In recognition of this performance and our commitment to delivering superior shareholder returns, the Board approved a total dividend of N3.00 per share for the 2025 financial year, representing a 50% increase from the prior year and the highest in the Group’s history. A 1-for-3 bonus share issue was also approved, reflecting confidence in the sustainability of our earnings and the long-term value we continue to create.”