Nigerian Exchange Group AGM: Dividend and Bonus Issue Approved

At its 65th Annual General Meeting held on 29 April 2026 at its Trading Floor in Lagos, Nigerian Exchange Group Plc passed several resolutions now disclosed to the market.

Shareholders approved a final dividend of ₦2.00 per ordinary share of 50 kobo each for the year ended December 31, 2025, subject to the deduction of withholding tax.

On special business, shareholders authorised a bonus issue of one new ordinary share for every three existing ordinary shares held by members on the qualification date of 10 April 2026. The bonus shares will be credited as fully paid and rank pari passu with existing shares, subject to regulatory approval.

To accommodate the bonus issue, the company's share capital is to increase from ₦1,102,309,954 to ₦1,469,746,605, through the creation of 734,873,302 additional ordinary shares of 50 kobo each. This brings total issued ordinary shares to 2,939,493,210. The company's Memorandum of Association will be amended to reflect this change.

Three directors — Dr. Umaru Kwairanga, Mrs. Ojinika Olaghere, and Dr. Okechukwu Itanyi — were re-elected by rotation. Ernst & Young was retained as auditor, with the board authorised to fix their remuneration for the year ending December 31, 2026.