Nigerian Listed Firms Declare N1.1 Trillion Dividends as Capital Market Shows Strength — SEC
In a strong display of investor returns and growing market maturity, listed companies on the Nigerian Exchange (NGX) declared a total of ₦1.1 trillion in dividends for 2024, according to the Securities and Exchange Commission (SEC).
The Director-General of the SEC, Dr. Emomotimi Agama, made this announcement during the first quarter Capital Market Committee meeting held in Lagos, noting that ₦1 trillion has already been paid out to shareholders, signaling improved investor confidence and earnings distribution.
Capital Raising Activities:
• In 2024, the SEC approved ₦3.68 trillion in new issues:
• ₦3.62tn from equities
• ₦59.82bn from fixed income issuances
• From January to April 2025, an additional ₦446.38bn in new issues were approved:
• ₦265.90bn from fixed-income instruments
• ₦180.48bn from equity issuances
This reflects a continued strong appetite for equities, despite prevailing macroeconomic challenges.
Mergers, Acquisitions & Corporate Moves:
In 2024, the commission approved 11 major corporate transactions worth a total of ₦320.36 billion. Highlights include:
• ₦103.7bn acquisition of 58.02% equity in Guinness Nigeria Plc by N Seven Nigeria Ltd.
• ₦105bn scheme of arrangement by Flour Mills of Nigeria Plc
• ₦5.08bn share capital consolidation by Transnational Corporation Plc
For 2025 so far, three transactions totaling ₦38.53bn have been approved, including:
• Two takeovers
• One corporate restructuring
Investment Vehicles & Asset Management:
As of Q4 2024:
• Collective Investment Schemes recorded a net asset value of ₦3.84tn, comprising:
• 184 registered mutual funds
• Over 800,000 unitholders
• Privately managed portfolios grew to ₦4.69tn across 444 investment vehicles
• A total of ₦8.53tn in assets are now managed by 82 active fund managers
Dr. Agama described this as a maturing capital market increasingly driven by professional fund management, which is critical for capital formation and long-term wealth creation.
A Call for Transparency & Inclusiveness:
The SEC boss urged stakeholders to continue efforts toward building a fair, transparent, and inclusive market that supports Nigeria’s economic development.
In a strong display of investor returns and growing market maturity, listed companies on the Nigerian Exchange (NGX) declared a total of ₦1.1 trillion in dividends for 2024, according to the Securities and Exchange Commission (SEC).
The Director-General of the SEC, Dr. Emomotimi Agama, made this announcement during the first quarter Capital Market Committee meeting held in Lagos, noting that ₦1 trillion has already been paid out to shareholders, signaling improved investor confidence and earnings distribution.
Capital Raising Activities:
• In 2024, the SEC approved ₦3.68 trillion in new issues:
• ₦3.62tn from equities
• ₦59.82bn from fixed income issuances
• From January to April 2025, an additional ₦446.38bn in new issues were approved:
• ₦265.90bn from fixed-income instruments
• ₦180.48bn from equity issuances
This reflects a continued strong appetite for equities, despite prevailing macroeconomic challenges.
Mergers, Acquisitions & Corporate Moves:
In 2024, the commission approved 11 major corporate transactions worth a total of ₦320.36 billion. Highlights include:
• ₦103.7bn acquisition of 58.02% equity in Guinness Nigeria Plc by N Seven Nigeria Ltd.
• ₦105bn scheme of arrangement by Flour Mills of Nigeria Plc
• ₦5.08bn share capital consolidation by Transnational Corporation Plc
For 2025 so far, three transactions totaling ₦38.53bn have been approved, including:
• Two takeovers
• One corporate restructuring
Investment Vehicles & Asset Management:
As of Q4 2024:
• Collective Investment Schemes recorded a net asset value of ₦3.84tn, comprising:
• 184 registered mutual funds
• Over 800,000 unitholders
• Privately managed portfolios grew to ₦4.69tn across 444 investment vehicles
• A total of ₦8.53tn in assets are now managed by 82 active fund managers
Dr. Agama described this as a maturing capital market increasingly driven by professional fund management, which is critical for capital formation and long-term wealth creation.
A Call for Transparency & Inclusiveness:
The SEC boss urged stakeholders to continue efforts toward building a fair, transparent, and inclusive market that supports Nigeria’s economic development.