NGX Group declares ₦1.30 interim dividend for H1 2026, sets qualification date
Nigerian Exchange Group Plc (NGX Group) has announced a proposed interim dividend of ₦1.30 (One Naira Thirty Kobo) per ordinary share of 50 kobo each for the half-year period ended June 30, 2026.
According to a Corporate Actions Announcement released by the Exchange on Monday, July 27, 2026, the proposed payout is subject to appropriate withholding tax and will be disbursed directly to eligible shareholders.
Qualification Date: Wednesday, July 29, 2026. Only shareholders whose names appear in the company’s Register of Members as of the close of business on this date will qualify for the interim dividend.
Closure of Register: Thursday, July 30, 2026.
Payment Date: Wednesday, August 5, 2026. Dividend payments will be made electronically to qualified shareholders.
E-Dividend registration and unclaimed dividends
NGX Group advised shareholders who are yet to complete their e-dividend mandate to download and complete the Registrar’s E-Dividend Mandate Activation Form. The form is accessible via the registrar’s portal or can be obtained directly from commercial bank branches and submitted to the registrar.
The company also urged investors holding unclaimed dividend warrants or unvalidated share certificates to complete their e-dividend registration or contact the official registrar:
Registrar: DataMax Registrars Limited
Address: 2c Gbagada Expressway, by Beko Ransome-Kuti Park, Gbagada, Lagos, Nigeria
Website: www.datamaxregistrars.com
Investor Relations Contact: [email protected] | [email protected]
Unresolved concerns over uncredited bonus shares
Despite the declaration of the new H1 2026 cash dividend, growing disquiet remains among retail and institutional investors over the Group’s failure to credit shareholders with the bonus shares declared earlier in the year. The board had previously approved a 1-for-3 bonus share issue alongside its full-year 2025 financial results, with a qualification date set for April 10, 2026. However, several months after the qualification window elapsed and received formal shareholder endorsement at the Group’s 65th Annual General Meeting in April 2026, the additional shares are yet to reflect in investors’ Central Securities Clearing System (CSCS) accounts.
Compounding investor frustration is NGX Group’s continued silence regarding the delay. The management is yet to issue an official clarification or public statement explaining the operational or regulatory bottlenecks preventing the distribution of the long-overdue bonus shares. Market watchers and shareholder associations have expressed concern over the lack of communication, urging the exchange operator to demonstrate greater transparency in resolving the outstanding corporate action.
