<< Back             Poser >> NGX Group declares N1.30 interim dividend as H1 profit jumps 146% By Peter Egwuatu The Nigerian Exchange (NGX) Group Plc has declared an interim dividend of N1.30 per ordinary share for the six months ended June 30, 2026, following a strong first-half financial performance driven by increased trading activity and higher investment income. In a statement, the Group reported that revenue surged 118 per cent to N17.60 billion in the first half of 2026 from N8.08 billion in the corresponding period of 2025, while total income rose 96 per cent to N19.34 billion. The strong performance was underpinned by a sharp increase in market activity, with transaction fee income jumping 169 per cent to N13.34 billion from N4.96 billion recorded a year earlier. Listing fees also increased by 59 per cent to N2.38 billion, while technology income grew by 19 per cent to N447.86 million. The Group’s operating profit climbed 155 per cent to N10.62 billion, compared with N4.16 billion in the first half of 2025, reflecting improved operating efficiency as revenue growth significantly outpaced the increase in operating expenses. NGX Group also recorded a 130 per cent increase in its share of profit from equity-accounted investees to N4.14 billion, largely driven by the strong financial performance of Central Securities Clearing System Plc. As a result, profit before tax (PBT) rose 170 per cent to N14.76 billion from N5.46 billion, while profit after tax (PAT) increased 146 per cent to N10.36 billion, compared with N4.22 billion in the corresponding period of 2025. Commenting on the results, Chairman of NGX Group, Umaru Kwairanga, said the interim dividend reflects the company’s strong earnings performance and confidence in its long-term growth strategy. He said, “The Board’s approval of an interim dividend of N1.30 per share reflects the strength of NGX Group’s first-half performance and our confidence in the Group’s long-term prospects’’. Also speaking, Group Managing Director and Chief Executive Officer of NGX Group, Temi Popoola, attributed the strong performance to robust trading activity, increased listings and disciplined execution. Vanguard Business News	Nigeria’s trade surplus jumps 67% to N12.59trn in Q2’26 By Yinka Kolawole Nigeria’s merchandise trade surplus surged by 66.8 per cent quarter-on-quarter to N12.59 trillion in the second quarter of 2026, from N7.55 trillion recorded in Q1, as a sharp rise in exports widened the gap between the country’s earnings from exports and its import bill. In its foreign trade statistics report released yesterday, […] Maritime Reforms: Nigeria’s ports record 12.3% rise in cargo throughput By Emeka Anaeto The Nigerian Ports Authority (NPA), has reported significant growth in cargo throughput, vessel traffic, container movements, vehicle traffic among others in the second quarter of 2026, Q2’26, attributing the development to the various reforms the Federal Government introduced in the maritime sector. This was contained in the NPA Operational Performance Report for […] Foreign investors pull out N266bn from Nigeria in 3 yrs Foreign Portfolio Investment (FPI) net capital outflow from the Nigerian equities market widened by more than 1,073 per cent in three years, rising from N22.68 billion in the first seven months of 2023 to N266.07 billion by July 2026, as foreign investors took more money out of the market than they brought in. Nigeria’s reserves hit $54bn, highest in 18 years Nigeria’s external reserves have risen to $54.08 billion, reaching their highest level in nearly 18 years and moving further above the Central Bank of Nigeria’s (CBN) projection for the end of 2026. Latest CBN data showed that the reserves reached $54.08 billion on September 3, compared with $53.99 billion on September 2 and $53.90 billion […] Dangote Petroleum Refinery set for landmark IPO following SEC approval … Proposed 4.1bn share offer could raise approximately ₦2.15trnBy Udeme Akpan The Securities and Exchange Commission (SEC) has approved the commencement of the Initial Public Offering (IPO) of Dangote Petroleum Refinery and Petrochemicals FZE, paving the way for what could become one of the largest capital market transactions in Nigeria’s history. The approval was conveyed […] PremiumTrust Bank gets dual credit rating upgrades By Henry Obetta PremiumTrust Bank has received dual credit rating upgrades from Agusto& Co. and DataPro Limited, underscoring its financial strength, sound risk management and growth trajectory. Agusto upgraded the Bank’s long-term rating from BBB+ to A- and short-term rating from A2 to A1, while DataPro upgraded its long-term rating from A- to A and […]