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.
While transaction fees powered growth, other income lines showed mixed performance.
The NGX Income Engine
Explore how the composition of NGX’s Total Income shifted between 2025 and 2026. Hover (or tap on mobile) to see each stream’s exact share of the pie.
₦5.80 Billion
₦0.73 Billion
₦0.63 Billion
₦0.64 Billion
Source: NGX Group Q1 Unaudited Financial Statements
Technology and data-related income, captured under other income, also fell by 75.41%.
Drivers & Drags: NGX Other Income
Tap on any line item to see the core businesses driving NGX’s side income—and the macro FX factors dragging it down.