NGX Shareholders Approve N2.00 Dividend and Bonus Issue at 65th AGM

Shareholders of NGX Group Plc approve a N2.00 dividend and one-for-three bonus issue while re-electing Umaru Kwairanga as Chairman.

By: AXL Media

Published: Apr 30, 2026, 10:14 AM EDT

Source: Information for this report was sourced from The Sun Nigeria

Investor Confidence and Capital Rewards

The Nigerian Exchange Group Plc (NGX Group) has solidified its standing with investors following the approval of a robust dividend payout and capital adjustment. At the 65th Annual General Meeting held on Wednesday in Lagos, shareholders sanctioned a final dividend of N2.00 per share for the 2025 financial year. In a move to further reward long-term investors, the meeting also approved a one-for-three bonus share issue, necessitating an authorized increase in the Group’s share capital to accommodate the new distributions.

Governance Continuity and Leadership Endorsement

A significant portion of the proceedings focused on the ratification of the Group’s governance structure. Shareholders voted to re-elect Umaru Kwairanga as Chairman, alongside board members Okechukwu Itanyi and Ojinika Olaghere. This continuity is viewed by market analysts as a stabilizing factor for the exchange, ensuring that the strategic initiatives launched in the previous fiscal year remain on track. The re-elections reflect a consensus among institutional and retail investors that the current board has effectively navigated shifting market conditions.

Financial Performance and Market Sentiment

The audited financial statements for the year ended December 31, 2025, were ratified with broad approval. Patrick Ajudua, President of the New Dimension Shareholders Association, noted that the Group's financial results demonstrate a business that is gaining both momentum and clear direction. Similarly, Boniface Okezie of the Progressive Shareholders Association of Nigeria highlighted that ongoing investments in market participation and infrastructure are beginning to yield tangible results, making the Nigerian capital market more forward-looking and attractive to diverse capital flows.