NGX Revenue Soars 103% in Q1 2025 Amid Trading Surge

NGX Group reported a remarkable 103% increase in revenue for the first quarter of 2025, reaching ₦7.22 billion, up from ₦3.56 billion in the same period the previous year, according to the company's unaudited financial statement. The surge in revenue was attributed to heightened trading activity and stronger investment income, with profit before tax climbing 94% to ₦4.09 billion and pre-tax profit advancing to ₦5.98 billion from ₦2.49 billion year-on-year.

Total income for the exchange rose to ₦7.8 billion from ₦4.58 billion, supported by a significant increase in income from equity accounts, which rose to ₦2.03 billion from ₦593.6 million. Despite a rise in operational costs, personnel expenses increased by 51% to ₦1.85 billion, and operational expenses rose by 67% to ₦1.8 billion.

The Nigerian equity market has seen renewed investor activity, particularly among domestic institutional investors, amid expectations of improved macroeconomic stability and ongoing reforms, including the Securities Act of 2025.