Nigerian Exchange Group Plc (NGX Group) has announced a final dividend of N2 per ordinary share for its registered shareholders. This decision, approved during the company’s 64th Annual General Meeting (AGM), was formally communicated via a release signed by the company secretary, Izuchukwu Akpa. The company also adopted its audited financial statements for the fiscal year ending December 31, 2024.
Thank you for reading this post, don't forget to subscribe!For the period under review, NGX Group reported a remarkable 157.3% increase in profit before tax (PBT), reaching N13.6 billion, a significant leap from the previous year’s performance. Gross earnings surged by 103.2%, reaching N24.0 billion, compared to N11.8 billion in 2023.
Key drivers of the impressive results included:
• Transaction fees: Increased by 64% due to heightened market activity.
• Listing fees: Surged by 397.1%, driven by stronger capital market participation.
• Technology-related income: Rose by 105%.
• Other fees: Climbed 174.8%.
• Treasury investment income: Gained 45.6%.
• Market data revenue: Increased by 100.5%, contributing to a 102.6% rise in other income.
Additionally, the Board of Directors was empowered to determine the auditors’ remuneration for Ernst & Young for the 2025 fiscal year. The AGM also saw the re-election of directors Nonso Okpala, Fatima Wali-Abdurrahman, and Mosun Belo-Olusoga.
The company further established an Audit Committee to serve until the next AGM, comprising shareholders and independent non-executive directors.
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