Shareholders applaud NGX Group performance, approve dividend, bonus at 65th AGM

Shareholders of Nigerian Exchange Group Plc have commended the company’s board and management for its performance and strategic direction, while urging sustained 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 December 31, 2025, alongside key resolutions including a final dividend of ₦2.00 per share and a one-for-three bonus share issue. The meeting also endorsed an increase in the company’s share capital.

The AGM further ratified the re-election of Umaru Kwairanga as chairman of the board, alongside Okechukwu Itanyi and Ojinika Olaghere as independent non-executive directors, reinforcing continuity in governance.

Shareholders at the meeting noted that the Group’s performance reflects disciplined execution and its growing role in strengthening Nigeria’s capital market, pointing to improvements in market structure and regulation.

Speaking during the AGM, President of the New Dimension Shareholders Association, Patrick Ajudua, described the financial results as evidence of a business gaining momentum, attributing the performance to both improved market conditions and deliberate strategic actions.

Similarly, Chairman of the Progressive Shareholders Association of Nigeria, Boniface Okezie, praised the Group’s focus on innovation and infrastructure, noting that ongoing initiatives are enhancing market participation and investor confidence.

In his remarks, Chairman Umaru Kwairanga thanked shareholders for their continued support and reiterated the board’s commitment to strong governance and sustainable value delivery. He said the Group would maintain disciplined oversight while positioning its businesses for long-term growth.

Also speaking, Group Managing Director/Chief Executive Officer, Temi Popoola, said the company is entering a new phase focused on scaling operations, expanding market participation, and unlocking additional channels for capital formation.

The meeting concluded with a strong vote of confidence in the leadership of NGX Group, as the company reaffirmed its commitment to driving the development of Nigeria’s capital market while delivering consistent returns to investors.