NGX Group dividend boost sees shareholders approve N2 payout and bonus shares at AGM, reflecting strong earnings and investor confidence
Nigerian Exchange Group Plc on Wednesday secured shareholder approval for a final dividend of N2.00 per share alongside a one-for-three bonus share issue at its 65th Annual General Meeting held in Lagos, marking a significant NGX Group dividend boost for investors.
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The approvals followed the adoption of the Group’s audited financial statements for the year ended December 31, 2025, a period widely described as one of strong earnings performance and disciplined corporate execution.
Shareholders also backed an increase in share capital to facilitate the bonus issuance and ratified the re-election of key directors, including Umaru Kwairanga, Okechukwu Itanyi, and Ojinika Olaghere, ensuring continuity in board leadership and oversight.
Investor sentiment at the meeting was largely positive, with participants commending the Board and Management for improved returns and ongoing efforts to strengthen Nigeria’s capital market structure.
Patrick Ajudua, President of the New Dimension Shareholders Association, attributed the performance to both favourable market conditions and strategic decision-making, noting that the Group is showing clearer operational direction and momentum.
Boniface Okezie of the Progressive Shareholders Association of Nigeria also praised the organisation’s focus on innovation and market infrastructure reforms, saying recent initiatives are beginning to yield measurable benefits for investors.
Group Chairman Umaru Kwairanga thanked shareholders for their continued confidence, reaffirming the Board’s commitment to long-term value creation through strong governance and prudent oversight.
Group Managing Director and Chief Executive Officer Temi Popoola said the next phase of growth would focus on expanding market infrastructure, increasing investor participation, and strengthening capital formation channels across the economy.
He added that the Group is positioning itself to play a deeper role in Nigeria’s financial ecosystem while building on its current growth trajectory.
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The AGM outcomes reflect sustained investor confidence in NGX Group’s strategy, with expectations that dividends, bonus shares, and ongoing reforms will further enhance shareholder value and market development.
