Stock Exchange Group lays out new strategic plan as capitalisation hits N152.73tr
The Nigerian Exchange Group (NGX Group) Plc yesterday outlined a new strategic growth plan to deepen the nation’s capital market and further unlock the country’s vast capital formation. Group Managing
The Nigerian Exchange Group (NGX Group) Plc yesterday outlined a new strategic growth plan to deepen the nation’s capital market and further unlock the country’s vast capital formation.
Group Managing Director, Nigerian Exchange Group (NGX Group) Plc, Mr Temi Popoola, said the group is entering a new growth phase where momentum, scale and liquidity would be top priorities.
Popoola spoke at NGX Group’s 65th annual general meeting yesterday in Lagos as the market capitalisation of the equities market rose by N5.55 trillion to close at N152.73 trillion.
He said: “This next phase is about deepening momentum. Our priority is to scale infrastructure, broaden participation, and unlock new pathways for capital formation”.
He said the group is committed to enhancing market sustainability through infrastructure and innovation.
He outlined that recent decisions like extending trading hours reflected 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, assuring that the group is committed to operating efficient market.
He said: “Understanding that stock market investment is fundamentally a long-term endeavor is crucial. Investors should approach the market with a long-term perspective, recognizing that it inherently involves risks where asset prices can fluctuate.
“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.”
“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, Nigerian Exchange Group (NGX Group) Plc, Alhaji Umaru Kwairanga commended 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”.
Shareholders, who spoke at the meeting, commended the board and management for the group’s performance and strategic direction, urging continued focus on growth and long-term value creation.
Shareholders approved the audited financial statements for the year ended December 31, 2025, alongside key resolutions including a final dividend of N2 per share, a one-for-three bonus share issue, and the corresponding increase in share capital.
The re-election of Dr. Umaru Kwairanga, Group Chairman, Board of Directors, Dr. Okechukwu Itanyi, Independent Non-Executive Director and Mrs. Ojinika Olaghere, Independent Non-Executive Director reinforced continuity in governance and oversight.
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.
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.
“The numbers speak to a business that is gaining strength and direction,” Ajudua said.
Chairman, Progressive Shareholders Association of Nigeria, Boniface Okezie, lauded the group’s commitment to innovation and infrastructure development.
The market is becoming more forward-looking, supported by strong leadership at the Group level. Initiatives around market infrastructure and participation are yielding results, and this is positive for investors,” Okezie said.
