NGX Recommits to Sustainable Markets Through Infrastructure, Innovation

The group managing director and chief executive officer of Nigerian Exchange (NGX) Group, Temi Popoola outlined the organisation’s commitment to enhancing market sustainability through infrastructure and innovation.

Popoola stated this at the Group’s 65th Annual General Meeting (AGM) held on Wednesday in Lagos.

He stated that recent decisions like extending trading hours reflect a commitment to enhancing market functionality despite upfront costs.

He noted that integrating digital technologies and deepening the market are essential to support upcoming listings and invigorate trading activity.

Popoola, highlighted an important observation regarding the relationship between market movements and underlying fundamentals, saying that “as an exchange, we are committed to addressing this query thoroughly.”

He emphasised the importance of investor education, saying that “understanding that stock market investment is fundamentally a long-term endeavor is crucial. Investors should approach the market with a long-term perspective, recognising that it inherently involves risks where asset prices can fluctuate.”

He insisted that “we are working diligently alongside our regulatory colleagues to ensure that all market participants adhere to established rules and maintain transparency in their reporting. Our commitment to compliance is robust, and we take necessary actions when compliance lapses occur.”

He added that “as an infrastructure company, we prioritize not only profitability but also the sustainability of our markets. We understand that investments are essential for fostering a robust trading environment. Our recent decisions, such as extending trading hours, reflect our commitment to enhancing market functionality, despite the associated costs.

“Moreover, the integration of digital technologies has proved beneficial, and we acknowledge the need for upfront investments before realizing substantial returns. As we continue to develop our market structure, we are mindful of the foundational work required to stimulate growth and innovation.

Chairman of NGX Group, Umaru Kwairanga, appreciated shareholders for their continued support and reaffirmed the Board’s commitment to sustainable value delivery.

He said, “the progress recorded reflects the strength of the Group’s strategy and the performance of its operating businesses. As a Board, our responsibility is to ensure disciplined oversight, uphold strong governance standards, and position NGX Group to deliver sustainable, long-term value to shareholders.”

At the Group’s AGM, shareholders approved the audited financial statements for the year ended December 31, 2025, alongside key resolutions including a final dividend of N2.00 per share, a one-for-three bonus share issue, and the corresponding increase in share capital.

Shareholders acknowledged the Group’s disciplined execution and its role in strengthening the Nigerian capital market, noting that recent developments reflect a more structured and better-regulated market environment.

Speaking during the meeting, the president, New Dimension Shareholders Association, Patrick Ajudua, commended the leadership of the Group for delivering a strong financial outcome, noting that the results reflect both improved market conditions and deliberate strategic execution.