According to the NGX in a statement, this strong performance was driven by robust revenue expansion, strategic cost optimisation, and increased market participation, reflecting the group’s resilience and financial strength.
The group’s gross earnings surged by 103.2 per cent to N24.0 billion in 2024, up from N11.8 billion in 2023, propelled by significant growth across key revenue streams with transaction fees rising 64 per cent, driven by improved market activity.
Listing fees increased by 397.1per cent, reflecting stronger capital market participation, while technology related income grew by 105 per cent, reflecting the success of the group’s digital transformation efforts.
Other fees recorded a 174.8 per cent growth, reinforcing the group’s diversified revenue base, just as treasury investment income climbed 45.6 per cent, highlighting NGX group’s effective asset management.
Market data revenue grew by 100.5 per cent, contributing to a 102.6 per cent rise in other income, which now accounts for 29.6 per cent of gross earnings.
NGX Group Board of Directors has recommended a final dividend of N4.4 billion, translating to N2.00 per share, the highest dividend payout in the group’s history. This decision reaffirms NGX Group’s commitment to delivering value to shareholders while maintaining a strong capital position.