Shareholders of Nigerian Exchange Group Plc have commended the Board and management for the company’s strong performance and strategic direction, urging sustained focus on growth and long-term value creation.
At the Group’s 65th Annual General Meeting held in Lagos on Wednesday, shareholders approved the audited financial statements for the year ended December 31, 2025, alongside key resolutions. These included a final dividend of ₦2.00 per share, a one-for-three bonus share issue, and a corresponding increase in share capital.
The meeting also ratified the re-election of Umaru Kwairanga as Group Chairman, as well as Okechukwu Itanyi and Ojinika Olaghere as Independent Non-Executive Directors, reinforcing continuity in governance and oversight.
Shareholders praised the Group’s disciplined execution and its role in strengthening Nigeria’s capital market, noting that recent developments point to a more structured and better-regulated trading environment.
Speaking during the AGM, President of the New Dimension Shareholders Association, Patrick Ajudua, said the Group’s financial results reflect both improved market conditions and effective strategic execution.
“The numbers speak to a business that is gaining strength and direction,” he said.
Similarly, Chairman of the Progressive Shareholders Association of Nigeria, Boniface Okezie, commended the Group’s commitment to innovation and infrastructure development, noting that ongoing initiatives are enhancing market participation and investor confidence.
Chairman of NGX Group, Umaru Kwairanga, expressed appreciation for shareholder support and reaffirmed the Board’s commitment to delivering sustainable value.
“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 long-term value,” he said.
Group Managing Director and Chief Executive Officer, Temi Popoola, highlighted the company’s forward-looking priorities, emphasising execution and scale as key drivers of the next growth phase.
“This next phase is about deepening momentum. Our priority is to scale infrastructure, broaden participation, and unlock new pathways for capital formation,” he stated.
The AGM reflected strong shareholder confidence in NGX Group’s leadership, with the company reiterating its commitment to playing a central role in the continued evolution of Nigeria’s capital market while delivering consistent returns to investors.
