Nigerian Exchange Group Reports N5.98 Billion Profit in Q1 2026

Nigerian Exchange Group Plc announced a pre-tax profit of N5.98 billion for the first quarter of 2026, representing a 140.5% increase from N2.49 billion recorded in the same period in 2025. This growth was primarily driven by significantly higher transaction fees, which rose to N5.80 billion from N2.01 billion the previous year, reflecting heightened trading activity and improved market participation.

Despite a substantial increase in tax expenses, which surged by 400% to N1.89 billion, the group's net income still increased by 93.9% to N4.09 billion. Total assets grew by 7.5% to N76.33 billion, supported by increased investments in securities.

The group's cash position remained stable, with cash equivalents at N2.65 billion at the end of the period. On April 30, 2026, the stock price of Nigerian Exchange Group Plc rose to approximately N160 per share, about 3.2% above its ex-dividend bonus adjusted price.

The group aims to manage costs and optimize tax exposure to sustain its growth trajectory and deliver long-term value to shareholders.