Nigerian Exchange Group Set for 65th Annual General Meeting to Approve Financials and One-for-Three Bonus Issue

NGX Group holds its 65th AGM in Lagos to approve 2025 financials, final dividends, and a share capital increase for a new bonus share distribution.

By: AXL Media

Published: Apr 27, 2026, 6:02 AM EDT

Source: Information for this report was sourced from The Nation Newspaper

The 65th Annual Convocation of Shareholders

The Nigerian Exchange Group (NGX Group) Plc is scheduled to convene its 65th Annual General Meeting (AGM) this Wednesday at its corporate headquarters on Customs Street, Lagos. The meeting serves as a critical statutory gathering where the company’s leadership will present the audited financial results for the fiscal year ending December 31, 2025. Shareholders will be asked to formally review and approve the comprehensive reports submitted by directors, auditors, and the board evaluation consultants, alongside the findings of the audit committee.

Governance and Board Re-elections

A significant portion of the meeting will focus on the continuity of the Group’s leadership and governance structure. Shareholders are expected to deliberate on the re-election of three non-executive directors who are retiring by rotation, including Dr. Umaru Kwairanga, Mrs. Ojinika Olaghere, and Dr. Okechukwu Itanyi. Additionally, the assembly will address standard ordinary business items, such as determining the remuneration for managers and authorizing the board of directors to fix the compensation for external auditors.

Capital Restructuring and Bonus Shares

The meeting’s agenda includes a high-impact special business proposal aimed at rewarding investors and restructuring the company's equity. Shareholders will consider a bonus share issue, which offers one new ordinary share for every three existing shares held by investors as of the April 10, 2026, record date. This proposal is subject to necessary regulatory approvals and is intended to capitalize a portion of the company’s reserves while providing additional value to the current shareholder base.