NGX nearly doubles profit as transaction fee income climbs 189%
- NGX Group's profit after tax rose by 93.67% to ₦4.09 billion ($2.98 million) in Q1 2026.
- Transaction fee income surged by 189.08% to ₦5.80 billion ($4.22 million), becoming the largest revenue contributor.
- Total income climbed 70.51% to ₦7.80 billion ($5.67 million).
The impressive growth in NGX Group's profits and transaction fees indicates a robust recovery in trading activity, reflecting positive investor sentiment. However, the decline in technology and data-related income suggests that diversification of revenue streams remains a challenge. The upcoming Frontier Market status could be a pivotal moment for attracting more investments, but it will require sustained efforts in market infrastructure and investor engagement.
