WorldStage– Nigerian Exchange Group Plc (NGX Group) has reported a significant insider share purchase by one of its key board members.
According to an official notification released on October 16, 2026, Mr. Sehinde Adenagbe, a Non-Executive Director of the company, acquired 40,000 units of ordinary shares.
Transaction Breakdown:
Insider: Mr. Sehinde Adenagbe (Non-Executive Director)
Company: Nigerian Exchange Group Plc (ISIN: NGNGXGROUP09)
Transaction Date: October 2, 2026
Volume: 40,000 ordinary shares
Execution Price: ₦168.90 per share
Place of Transaction: Lagos, Nigeria
Insider transactions—particularly open-market purchases by non-executive directors—are closely monitored by the market as an indicator of leadership confidence in the company’s long-term strategy and valuation.
This initial notification, signed by Group Company Secretary Izuchukwu Akpa, highlights direct alignment between board leadership and shareholder interests following the acquisition at ₦168.90 per share.
