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Nigeria NewsToday's News

NGX Group declares N1.00 interim dividend for Q3 2025

Jide Ajia
Last updated: October 31, 2025 12:23 pm
Jide Ajia
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The Nigerian Exchange Group Plc on Friday announced the declaration of an interim dividend of N1.00 per ordinary share of 50 kobo each, following the approval of its unaudited financial statements for the third quarter ended September 30, 2025.

The decision was reached at the meeting of the Group’s Board of Directors held on Wednesday, October 29, 2025.

In a statement sent to PUNCH Online on Friday, the NGX said this declaration marks a significant continuation of the NGX Group’s history of consistent dividend payments, a move intended to underscore the Board’s confidence in the Group’s resilience, profitability, and value-creation strategy.

Commenting on the announcement, Chairman of NGX Group, Alhaji Umaru Kwairanga, offered a strong statement on the Group’s financial health and strategic focus.

“The declaration of this interim dividend reaffirms the Board’s confidence in NGX Group’s solid fundamentals and long-term growth outlook.

“We have maintained a consistent dividend track record that reflects our unwavering commitment to shareholder value.

“This payment recognises our investors’ trust and remains focused on reciprocating that trust through consistent value addition to its shareholders. Our focus remains on delivering sustainable returns through disciplined execution and strategic growth.”

The statement further quoted NGX Group Managing Director/Chief Executive Officer, Temi Popoola, who highlighted the operational success that underpins the payment.

“Our commitment to shareholders is at the heart of every strategic decision we make. This dividend reflects the Group’s strong financial discipline, consistent profitability, and prudent capital allocation.

“As we advance our growth agenda, we will continue to unlock opportunities across our ecosystem, creating measurable value for our investors and reinforcing NGX Group’s position as a trusted driver of capital market prosperity in Africa”, he said.

The NGX Group further stated that it will continue to demonstrate its commitment to transparent governance, financial discipline, and sustainable value creation.

The interim dividend will be paid to shareholders whose names appear in the Register of Members as at the close of business on Friday, November 7, 2025.

The Group announced that the electronic payment will be remitted to qualified shareholders on Tuesday, November 18, 2025.

PUNCH Online earlier reported that the NGX continued its bullish trajectory in the first half of 2025, recording a N22.14tn gain in market capitalisation as investor confidence strengthened amid macroeconomic conditions and corporate performance.

Market capitalisation rose from N62.92tn on January 2 to N85.46tn as of July 28, representing a growth of 35.78 per cent. Over the same period, the All-Share Index increased from 103,180.14 points to 135,166.51 points, delivering a year-to-date return of 31.02 per cent to investors.

The NGX Group Plc is the holding company for a diversified portfolio of businesses operating across the financial market ecosystem in Nigeria.

It is the successor entity to the erstwhile Nigerian Stock Exchange (NSE), which demutualised in March 2021.

 

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