NGX Targets Deeper Market Growth as Shareholders Approve N2 Dividend, Bonus Shares

The Nigerian Exchange Limited (NGX) has reaffirmed its ambition to drive deeper capital market growth, strengthen transparency, and attract long-term investments as it positions itself for more sustainable development in Nigeria’s financial ecosystem. The commitment was restated at its 65th Annual General Meeting held in Lagos.

Group Managing Director and Chief Executive Officer of NGX Group Plc, Temi Popoola, said the exchange is focused on expanding market participation, improving liquidity, and accelerating innovation across its platforms. He noted that recent progress has strengthened investor confidence and reinforced the group’s long-term strategic direction.

At the meeting, shareholders approved a final dividend of N2.00 per share alongside a one-for-three bonus share issue, as well as an increase in the company’s share capital. The approvals reflect growing investor confidence in the performance and outlook of the exchange group.

Popoola explained that NGX is prioritising stronger core operations, new growth platforms, and the deployment of technology to improve market efficiency and accessibility. He added that the momentum recorded in 2025 has positioned the exchange for more impactful growth in 2026.

Board Chairman Dr. Umaru Kwairanga also commended shareholders for their support, stressing the importance of strong governance and disciplined oversight in delivering long-term value. Shareholders, in turn, praised the group’s performance, describing the results as evidence of a more structured and increasingly stable capital market environment in Nigeria.

source: The Guardian