NGX Group to hold 65th Annual General Meeting in Lagos

The Nigerian Exchange Group Plc (NGX Group) has announced plans to hold its 65th Annual General Meeting (AGM) on Wednesday, April 29, 2026, as shareholders prepare to review the company’s performance and consider key corporate decisions for the year.

The meeting is scheduled to take place at 11:00 a.m. at the company’s head office located at 2–4 Customs Street, Lagos.

According to the notice issued by the Group, shareholders will deliberate on and, where appropriate, approve the audited financial statements for the financial year ended December 31, 2025. They will also consider reports submitted by the Board of Directors, external auditors, board evaluation consultants and the statutory audit committee.

A key item on the agenda is the declaration of a final dividend for shareholders, alongside decisions on the remuneration of external auditors and managers of the company.

Board changes and audit matters

The AGM will also include the re-election of three Non-Executive Directors who are retiring by rotation. They are Dr. Umaru Kwairanga, Mrs. Ojinika Olaghere, and Dr. Okechukwu Itanyi.

In addition, shareholders are expected to elect members of the Statutory Audit Committee in line with regulatory requirements.

Bonus share proposal and capital increase

A major highlight of the special business segment is a proposed bonus issue of one new ordinary share for every three existing shares held as of the close of business on April 10, 2026, subject to regulatory approval.

The proposal also includes an increase in the company’s share capital from ₦1,102,309,954 to ₦1,469,746,605 to accommodate the issuance of bonus shares. If approved, the company’s Memorandum of Association will also be amended to reflect the revised capital structure.

Hybrid participation model

The NGX Group stated that the AGM will be made accessible to a wider audience through digital platforms. Shareholders and stakeholders who are unable to attend physically will be able to follow proceedings via live streaming on the company’s website and official social media channels.

The company said the hybrid arrangement is aimed at enhancing transparency, inclusiveness and shareholder engagement in line with modern corporate governance standards.