Lagos, Feb 28, 2026, 09:53 WAT — Market is shut.
- NGX Group jumped 9.8% Friday to finish at 124 naira, notching a 1.6% gain for the week.
- The exchange operator bumped up its 2025 profit guidance, announced a larger total dividend, and also unveiled a 1-for-3 bonus share issue.
- April 10 marks the qualification and record date for investors, with the AGM and dividend payout following on April 29.
Nigerian Exchange Group Plc (NGXGROUP) jumped back to 124 naira by the end of last week, reversing a midweek drop and finishing roughly 1.6% above the previous Friday’s close. Shares had dipped before Friday’s rally, which also saw volume soar to 13.85 million shares, according to Investing.com data. Investing.com
Here’s why it’s relevant right now: NGX Group acts as a listed stand-in for domestic market action. When activity ticks up—turnover, new listings—fee revenue tends to follow. Thinner risk appetite, though? That same leverage cuts both ways.
The company reported profit before tax of 15.6 billion naira for 2025, an increase from last year’s 13.6 billion naira. Core revenue climbed 36% to 22.9 billion naira. A final dividend of 2 naira per share brings the total payout for the year to 3 naira per share. The board also signed off on a one-for-three bonus share issue. Chairman Umaru Kwairanga called the dividend and bonus a sign of the board’s confidence in sustainable earnings. CEO Temi Popoola highlighted deleveraging efforts, saying the group’s balance sheet is set up to handle the SEC’s revised capital requirements. Nigerian Exchange Group
BusinessDay, citing a separate filing, reported that FPNG Co-Nvest Limited owned 5% of NGX Group’s total issued shares as of Feb. 16—meeting the exchange’s “substantial” shareholder disclosure threshold. NGX Group’s shares outstanding stood at 1.964 billion, according to BusinessDay. Businessday NG
There was no broad rally to close out the week—NGX All-Share Index slipped 0.38% to 192,826.8, weighed by Dangote Cement’s 6.09% tumble. NGX Group, however, landed among the top gainers of the session, with a traded value of 1.69 billion naira, according to Nairametrics. Nairametrics
Bonus issues boost the number of shares outstanding, handing out one extra share for every three already owned. The move doesn’t add value in itself—prices usually recalibrate—but it can tweak liquidity and keep retail eyes on the stock, particularly if it arrives with a cash dividend.
Still, a few variables remain. According to the corporate actions notice, both the 2 naira dividend and the proposed bonus issue need shareholder approval first, and the company hasn’t set the bonus allotment date yet—details will follow post-approval. The stock’s midweek slide was a sharp reminder of how quickly sentiment shifts, especially with the broader market taking a defensive stance. doclib.ngxgroup.com
Traders are eyeing Monday’s action to see if the surge following results sticks—or if selling in the big names takes a breather. For NGX Group, attention turns to the upcoming qualification date of April 10. The register closes April 13, according to the notice, with the AGM and dividend payment coming up April 29. doclib.ngxgroup.com
