The Nigerian Exchange Group Plc (NGX Group) nearly doubled its profit in the first quarter of 2026, as a surge in trading activity drove transaction fee income up 189.08%.
Profit after tax rose by 93.67% to ₦4.09 billion ($2.98 million) in Q1 2026, according to its Q1 2026 unaudited financial statements. Total income climbed 70.51% to ₦7.80 billion ($5.67 million).
The growth was driven primarily by transaction fee income, which surged 189.08% to ₦5.80 billion ($4.22 million), making it the largest contributor to the group’s revenue.
The spike reflects stronger trading activity on the exchange, buoyed by improved investor sentiment, rising retail participation via digital platforms, and higher market turnover.
Investors gained ₦29.83 trillion ($21.69 billion) on the exchange in the first quarter, as market capitalisation rose 30.02% to ₦129.21 trillion ($93.98 billion) by March 31, 2026.
