NGX Declares N2 Dividend, Posts 157% Profit Rise

The Nigerian Exchange Group Plc has announced a final dividend of N2 per share following its 64th Annual General Meeting.

The group adopted its Audited Financial Statements for the year ending December 31, 2024, along with reports from its directors, auditors, and board committees. The AGM also approved the board’s authority to set the remuneration for external auditors Ernst & Young for the 2025 financial year.

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Three directors—Mr. Nonso Okpala, Mrs. Fatima Wali-Abdurrahman, and Mrs. Mosun Belo-Olusoga—were re-elected, and a new Audit Committee was formed in accordance with the Companies and Allied Matters Act (CAMA) 2020. Members include shareholders Mr. Samuel O. Adejumo, Mr. Peter O. Eyanuku, and Mr. Samuel Ayininuola, as well as independent directors Mrs. Ojinika Olaghere and Dr. Okechukwu Itanyi.

The company reported a profit before tax of N13.6 billion in 2024—a 157.3% rise from the previous year. Gross earnings hit N24 billion, up from N11.8 billion in 2023, driven by increased market activity and better operational efficiency.

Revenue growth came from higher transaction and listing fees, which surged 64% and 397.1% respectively. Technology service income rose 105%, while other fees climbed 174.8%. Treasury investment income increased 45.6%, and market data revenue doubled, leading to a 102.6% boost in other income.

The results reflect NGX Group’s strategic push into diversification, digital innovation, and stronger investor engagement.