Shareholders of Nigerian Exchange Group Plc have commended the company’s performance and strategic direction while calling for sustained growth and tighter market surveillance to curb price manipulation.
The commendation was made at the Group’s 65th Annual General Meeting (AGM) held in Lagos on Wednesday, April 29, where investors also approved the audited financial statements for the year ended December 31, 2025.
The meeting highlighted strong shareholder confidence in the Group’s leadership, alongside concerns about market discipline and the need to strengthen investor protection mechanisms.
Chairman Umaru Kwairanga and Group Managing Director/CEO Temi Popoola outlined the company’s strategic focus and reassured investors of continued value creation.
They emphasised disciplined execution, regulatory vigilance, and expansion as key priorities for sustaining growth and protecting market integrity.
The executives also highlighted plans to leverage technology, deepen liquidity, expand across Africa, and introduce new products such as derivatives to strengthen the exchange’s competitiveness.
Shareholders expressed concerns about rising share prices not backed by fundamentals, urging stronger surveillance to maintain market credibility. They warned that speculative trading could erode investor confidence if not properly addressed by regulators.
Despite these concerns, shareholders approved key resolutions including a final dividend of N2.00 per share, a one-for-three bonus share issue, and an increase in share capital, reflecting continued confidence in the Group’s financial strength.
The NGX Group is pursuing several initiatives aimed at deepening Nigeria’s capital market and enhancing investor participation. These include structural reforms and strategic positioning to attract both local and foreign investors.
Shareholders also acknowledged revenue growth and improved cost management as signs of resilience despite macroeconomic challenges, although concerns remain about subsidiary performance consistency, governance structure, and disclosure quality.
