{
  "id": 16976392,
  "title": "Digital Access Drives NGX Group’s Profit to N20.6bn in Nine Months",
  "url": "https://urgent.news/2026/10/28/digital-access-drives-ngx-groups-profit-to-n20-6bn-in-nine-months",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-28T23:24:00.000Z",
  "source": {
    "name": "This Day",
    "slug": "this-day",
    "url": "https://www.thisdaylive.com/2026/10/29/digital-access-drives-ngx-groups-profit-to-n20-6bn-in-nine-months/"
  },
  "original_language": "en",
  "account": "Nigerian Exchange Group Plc has reported a significant increase in profit for the nine months ending September 30, 2026, with earnings before tax reaching N20.6 billion, up 83.3% from N11.2 billion in the same period of 2025. The group's profit after tax for the nine months of 2026 was N14.7 billion, a 86.4% increase from N7.9 billion in the same period of 2025. This growth surpasses the group's full-year 2025 profit after tax of N10.5 billion, despite the fact that a quarter of the year remains.\n\nThe company's success is attributed to a shift in Nigeria's capital market, with more investors, primarily retail investors, accessing the market through digital self-service channels. Trading activity is increasing as the market deepens, allowing NGX Group to convert this activity into earnings while enhancing efficiency and investing in the infrastructure and personnel needed for future growth. Earnings per share for the period were N5.33, reflecting the expanded share base resulting from a 1-for-3 bonus issue approved by shareholders in April 2026 (adjusted figures for the bonus issue in nine months of 2025: N2.68). Profit from equity-accounted investees rose 69.6% to N5.7 billion, primarily due to the Central Securities Clearing System Plc (CSCS), highlighting the value of the Group's position throughout the market value chain.\n\nGroup Chairman Umaru Kwairanga praised the results, stating that the company's performance demonstrates the potential of a well-governed, strategically astute market institution as Nigeria's capital market matures. Group Managing Director and Chief Executive Officer, Temi Popoola, noted that the growing number of Nigerian investors, particularly those trading digitally, has more than doubled the company's transaction revenue and is generating real wealth for investors. The company is proactively investing in its people, infrastructure, and technology roadmap to ensure the market can effectively accommodate the next wave of investors efficiently and securely.",
  "summary": "Kayode Tokede Nigerian Exchange Group Plc has reported profit before tax of N20.6 billion for the nine months ended September 30 2026, up 83.3 per cent from N11.2 billion in",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}