WorldStage Newsonline– Nigerian Exchange Group Plc (NGX Group) has announced its audited financial results for the year ended 31 December 2024, with profit before tax (PBT) of N13.6 billion, a 157.3% year-on year growth.
The Group’s gross earnings surged by 103.2% to N24.0 billion in FY 2024, up from N11.8 billion in the previous year, propelled by significant growth across key revenue streams which include transaction fees rose 64.0%, driven by heightened market activity; listing fees increased by 397.1%, reflecting stronger capital market participation; technology related income grew by 105%, reflecting the success of the group’s digital transformation efforts
Other fees recorded a 174.8% growth, reinforcing the Group’s diversified revenue base.
Treasury investment income also climbed 45.6%, highlighting NGX Group’s effective asset management.
Market data revenue grew by 100.5%, contributing to a 102.6% rise in other income, which now accounts for 29.6% of gross earnings.
Meanwhile, in recognition of this exceptional performance, the Board of Directors has approved a final dividend of N4.4 billion, translating to N2.00 per share, the highest dividend payout in the Group’s history.
Speaking on the results, Group Chairman, NGX Group, Alhaji Dr. Umaru Kwairanga stated: “These results mark a pivotal moment in NGX Group’s post-demutualisation growth journey, reinforcing investor confidence in our long-term vision. The approval of a record N4.4 billion
dividend demonstrates our unwavering commitment to rewarding shareholders while positioning NGX Group as a key driver of capital market development. As we continue to invest in market infrastructure and innovation, we remain focused on creating sustainable value for all Stakeholders.
“The NGX Group under my leadership is focused on harnessing the entrepreneurial and innovative spirit of Nigeria’s private sector to drive the economy to greater heights”.
