The Nigerian Exchange (NGX) Group Plc has approved a final dividend of N2 per ordinary share of 50 kobo each and constituted an interim audit committee, following its 64th Annual General Meeting (AGM) held on April 9, 2025.
This was disclosed in a statement published on the Nigerian Exchange website and signed by Izuchukwu Akpa, Acting Secretary of the NGX Group.
At the AGM, shareholders re-elected three directors—Nonso Okpala, Fatima Wali-Abdurrahman, and Mosun Belo-Olusoga—who retired by rotation.
Again, shareholders authorised the Board of Directors to fix the remuneration of the Company’s external auditors, Ernst & Young, for the financial year ending December 31, 2025.
In line with Section 404 (3) of the Companies and Allied Matters Act (CAMA) 2020, a temporary audit committee was appointed to serve until the next AGM. The committee comprises Mr Samuel O. Adejumo, Mr Peter O. Eyanuku, Mr Samuel Ayininuola, Mrs Ojinika Olaghere, and Dr Okechukwu Itanyi.
These developments come on the back of a strong financial year for the NGX Group. For the 2024 fiscal year, the Group posted strong results with gross earnings rising by 103.2% to N24 billion, up from N11.8 billion in 2023. Profit before tax increased by 157.3% to N13.6 billion.
Added to these, market data revenue increased by 100.5%, contributing to a 102.6% growth in other income, which now represents 29.6% of total gross earnings.
