NGX-Listed Companies Distribute N1.1 Trillion in Dividends, Secure N3.68 Trillion in Capital in 2024 — SEC

The Securities and Exchange Commission (SEC) has disclosed that companies listed on the Nigerian Exchange (NGX) collectively disbursed N1.1 trillion in dividends to shareholders in 2024, affirming a year of strong corporate performance and enhanced investor returns.

In addition to the significant dividend distribution, these firms successfully mobilized a total of N3.68 trillion from the capital market through various financial instruments, including public offerings, rights issues, and bond issuances. The SEC described this development as a sign of investor confidence in Nigeria’s capital markets and a reflection of sustained business growth across multiple sectors.

Speaking during a recent stakeholder engagement in Abuja, a senior official from the SEC highlighted that the volume of capital raised demonstrates the resilience of the market despite ongoing global economic headwinds. “These numbers are a testament to the evolving strength of our financial ecosystem and the increasing attractiveness of the Nigerian market for long-term investment,” the official noted.

The Commission also underscored the importance of the capital market in funding economic development, pointing out that the funds raised are being directed towards infrastructure, technology, manufacturing, and energy initiatives critical to national growth.

Market observers noted that the payout of over a trillion naira in dividends signals not just profitability, but also the commitment of listed companies to deliver value to their investors. They called on the SEC and other regulatory bodies to maintain investor protection frameworks and deepen transparency in financial disclosures to sustain market momentum.

As the Nigerian economy continues its recovery path, the SEC reiterated its commitment to promoting a stable, inclusive, and well-regulated market that supports both corporate expansion and investor participation.