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Performances: Nigerian Exchange Group announces a 22% increase in profitability

03/10/2022
Categories: Companies

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At the 61st Annual General Meeting (AGM) in Lagos on Friday, September 30, 2022, the Group CEO and CEO of Nigerian Exchange Group Plc. (NGX Group), Oscar Onyema, said that the Group had recorded a 22% increase in profitability.

The group recorded a 13% increase in gross revenue and a 14.9% increase in revenue. He revealed that the Group intends to improve its performance in the future and called for support from all stakeholders.

“As I step down from the board of directors, I hope that my successor will continue the legacy of service and bring greater accomplishments as an & Eacute; sustainable change promoting socio-economic growth in Africa,” he said. According to the NGX Group statement, after the AGM, the Board of Directors appointed Apollos Ikpobe as interim president, following the retirement of the NGX Group President.

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