NGX Group posts record H1, declares N1.30 interim dividend

Nigerian Exchange Group Plc (NGX Group) announced a record first-half financial performance for the six months ending June 30, 2026, accompanied by the declaration of an interim dividend of N1.30 per ordinary share. This strong performance was attributed to robust market activity, operational efficiencies, and a greater contribution from its portfolio of investee companies.

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The Board’s approval of an interim dividend of N1.30 per share reflects the strength of NGX Group’s first-half performance and our confidence in the Group’s long-term prospects. We are encouraged by the significant growth recorded across the business and by the increasing contribution of companies within the Group’s investment portfolio.

The declared dividend underscores the quality of the Group's earnings and its improved cash generation. The Board expressed confidence in NGX Group's sustained growth trajectory while ensuring capacity for continued investment in technology, market development, and strategic opportunities within the capital market. Group Chairman Umaru Kwairanga stated that the dividend reflects the strength of the first-half results and the Group's long-term prospects, highlighting growth across the business and from its investment portfolio.

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Our first-half results demonstrate the strength and scalability of NGX Group’s business model. Revenue growth was supported by significantly higher transaction activity, increased listing income and stronger contributions from our investee companies, while disciplined execution enabled us to translate this growth into substantially improved profitability.

Group Managing Director and CEO Temi Popoola noted the scalability of NGX Group's business model, with revenue growth fueled by significantly higher transaction activity, increased listing income, and stronger contributions from investee companies. Disciplined execution translated this growth into substantially improved profitability. The Group remains focused on deepening market liquidity, expanding investor participation, and accelerating the development of technology-enabled products to build a more diversified financial market infrastructure. NGX Group recorded an 118% surge in revenue to N17.60bn in H1 2026, compared to N8.08bn in the same period of 2025, with total income growing 96% to N19.34bn.

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We remain focused on sustaining this momentum by deepening market liquidity, expanding investor participation, accelerating the development of technology-enabled products and building a more diversified financial market infrastructure group. The N1.30 interim dividend reflects both the progress made and our confidence in the Group’s capacity to deliver sustainable long-term value.