Shareholders of Nigerian Exchange Group Plc (NGX Group) have commended the Board and Management for the Group’s performance and strategic direction, urging continued focus on growth and long-term value creation.
At the Group’s 65th Annual General Meeting (AGM) held Wednesday in Lagos, shareholders approved the audited financial statements for the year ended December 31, 2025, alongside key resolutions including a final dividend of N2 per share, a one-for-three (1 for 3) bonus share issue, and the corresponding increase in share capital.
The re-election of Umaru Kwairanga, Group Chairman, Board of Directors, Okechukwu Itanyi, Independent Non-Executive Director and Ojinika Olaghere, Independent Non-Executive Director reinforced continuity in governance and oversight.
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Shareholders acknowledged the Group’s disciplined execution and its role in strengthening the Nigerian capital market, noting that recent developments reflect a more structured and better-regulated market environment.
Speaking during the meeting, Patrick Ajudua, president, New Dimension Shareholders Association 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, Boniface Okezie, chairman of the Progressive Shareholders Association of Nigeria lauded the Group’s commitment to innovation and infrastructure development. “The market is becoming more forward-looking, supported by strong leadership at the Group level. Initiatives around market infrastructure and participation are yielding results, and this is positive for investors,” he noted.
Speaking during the AGM, Umaru Kwairanga, chairman of NGX Group 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.”
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Also speaking, Temi Popoola, group managing director/chief executive officer, NGX Group 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.”
The meeting reflected strong shareholder confidence in NGX Group’s leadership, with the Group reaffirming its commitment to playing a central role in the evolution of Nigeria’s capital market while delivering sustained returns to investors.
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