Shareholders of Nigerian Exchange Group Plc (NGX Group) have commended the board and management for the group’s performance and strategic direction in the 2025 financial year.
The shareholders gave the commendation during the 65th Annual General Meeting (AGM) of the group on Wednesday in Lagos.
They acknowledged the group’s disciplined execution and its role in strengthening the Nigerian capital market as they urged the group on continued focus on growth and long-term value creation
They noted that recent developments reflected a more structured and better-regulated market environment.
Speaking during the meeting, President, New Dimension Shareholders Association, Mr Patrick Ajudua, commended the leadership of the group for delivering a strong financial outcome.
He noted that the results reflected both improved market conditions and deliberate strategic execution.
He also commended the group’s FTSE Russell frontier market status, noting that NGX market capitalisation surpassed the N145 trillion mark for the first time, alongside progress in the settlement cycle migration and the extension of trading hours.
“The numbers speak to a business that is gaining strength and direction,” he said.
Similarly, Chairman of the Progressive Shareholders Association of Nigeria, Mr Boniface Okezie, 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 said.
Commenting during the AGM, Chairman of NGX Group, Alhaji 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.”
Also, Mr Temi Popoola, Group Managing Director of the NGX Group focused on execution priorities, noting that the group was 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.”
Popoola reaffirmed the commitment of group to playing a central role in the evolution of Nigeria’s capital market while delivering sustained returns to investors.
The News Agency of Nigeria (NAN) reports that the shareholders approved the audited financial statements for the year ended 31 December 2025.
They also approved key resolutions including a final dividend of N2 per share, a one-for-three bonus share issue, and the corresponding increase in share capital.
Kwairanga, Group Chairman of the Board of Directors, Dr Okechukwu Itanyi, Independent Non-Executive Director, and Mrs Ojinika Olaghere, Independent Non-Executive Director, were all re-elected.