Lagos, Feb 22, 2026, 09:55 WAT — Market closed.
- Nigerian Exchange Group’s board meets Feb. 24 to consider audited 2025 financial statements, a company filing said. (NGX Group board notice)
- Shares last closed flat at ₦122 on Feb. 20, with about 5.95 million shares traded. (APT Securities daily price list)
- Traders also watch the CBN’s Feb. 23–24 policy meeting for signals that could keep money rotating into equities.
Nigerian Exchange Group shares head into the new week with investors focused on a Feb. 24 board meeting where directors will consider the company’s audited financial statements for the year ended Dec. 31, 2025, a filing showed. The stock last closed at 122 naira on Friday, unchanged.
That meeting matters because the bourse operator’s earnings tend to track activity on the Nigerian Exchange — more trades and more listings usually mean more fee income. The wider market has been running hot, and NGX Group has been one of the names pulled along by that tape.
Macro could cut across it. Nigeria’s central bank meets Feb. 23–24, and any shift in rates can quickly change the flow between fixed income and equities. “The immediate implication is expected lower rates,” Samuel Sule, CEO at Renaissance Capital Africa, wrote, though an in-house Proshare analyst said “the CBN may not be in any hurry to cut rates.” David Adonri of HighCap Securities also flagged that “the equities market is likely to continue its rally amid surging demand.” (Proshare inflation/MPC preview)
On the tape, NGX Group finished Friday at 122 naira, flat on the day, in 1,234 trades. About 5,945,292 shares changed hands for a turnover of roughly 672.2 million naira, APT Securities data showed.
The broader market backdrop has been supportive. The NGX All-Share Index climbed 6.95% in the week ended Feb. 20 to 194,989.77 points, while market capitalisation rose to 125.164 trillion naira, an exchange report showed. Equity turnover jumped to 7.662 billion shares worth 252.566 billion naira in 345,118 deals. (NGX weekly market report)
Friday’s session alone saw turnover of 820,445,041 shares valued at 28.27 billion naira in 63,462 deals, the same report showed. Financial services led by volume, and the three most-traded names by shares were FCMB Group, Access Holdings and Zenith Bank, which together accounted for nearly half of total volume.
For NGX Group investors, the next question is what the audited numbers say about the engine room: transaction fees, listing and issuer fees, market data and technology income, and the cost line. With turnover up sharply, the market will look for evidence that the higher activity translated into earnings — and whether it was a one-off burst or something steadier.
The Feb. 18 filing also flagged a “closed period”, the local term for a trading blackout for insiders ahead of results. “The Closed Period … will continue until twenty-four (24) hours after the filing of the 2025 AFS,” the company said.
But the week has a few ways to go wrong. If the audited release is delayed, or if earnings and dividend expectations run ahead of the numbers, the stock can give back ground fast in a market that has rallied hard. A less-dovish central bank message could also slow the shift into equities and cool turnover — a hit for sentiment around a fee-driven business.
Nigeria’s equity market reopens on Monday, and early turnover will be watched as a quick read on appetite after the weekend. The clean catalyst is Tuesday’s NGX Group board meeting and the timing of the audited filing that follows.
