Shareholders endorse NGX Group’s bonus shares, dividend payout, others

By Peter Egwuatu

Shareholders of Nigerian Exchange Group, yesterday, unanimously endorsed its Board of Directors proposed bonus shares, dividend payout and other resolutions at the 65th Annual General Meeting, AGM, held in Lagos.

The shareholders expressed satisfaction with the company’s performance, urging continued focus on growth and long-term value creation, as they approved the final dividend of N2.00 per ordinary share. Combined with the interim dividend of N1.00 per share previously paid, this brings the total dividend for 2025 financial year to N3.00 per share, representing a 50% increase year-on-year. In addition, shareholders also approved one new ordinary share for every three shares held, with a qualification date of 10 April 2026 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.

Speaking at 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.”

Temi Popoola, group managing director/chief executive officer, focused on execution priorities, noting that the Group is positioning for scale. He said, “This next phase is about deepening momentum. Our priority is to scale infrastructure, broaden participation, and unlock new pathways for capital formation.”

Meanwhile, 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.