FMDQ Group, Africa’s first vertically integrated financial market infrastructure group, has declared its first-ever cash dividend of ₦0.20 per share, totaling ₦5.20 billion, at its 13th Annual General Meeting (AGM).
The dividend payout is a testament to the group’s strong financial performance and commitment to delivering long-term value to its shareholders.
Despite the challenging global and domestic economic environment in 2024, FMDQ Group delivered a remarkable financial performance.
The group’s revenue grew by 49.93% from ₦34.29 billion in 2023 to ₦51.41 billion in 2024, while profit before tax reached a record ₦23.23 billion, representing a 65.54% increase from ₦14.03 billion recorded in 2023.
The group’s subsidiaries, FMDQ Securities Exchange Limited, FMDQ Depository Limited, and FMDQ Private Markets Limited, also recorded significant milestones.
FMDQ Exchange expanded its Exchange-Traded Derivatives (ETD) market, while FMDQ Academy received two international certifications.
FMDQ Clear sustained its Central Counterparty (CCP) services, and FMDQ Depository advanced its Q-ex Depository system.
The group’s pioneer CEO, Bola Onadele Koko, who retired on June 30, 2025, highlighted the group’s priorities for the final year of its 2021-2025 Strategic Horizon.
These include activating the Repo Market, launching the FMDQ Equity Market, and incorporating FMDQ Academy as a standalone entity.
The Ag. Chief Executive Officer, FMDQ Group, Kaodi Ugoji, attributed the group’s remarkable strides to the visionary leadership of its Board of Directors, the professionalism and commitment of its Management and Staff, and the support of its esteemed stakeholders.
FMDQ Group’s declaration of its first-ever cash dividend is a significant milestone in the organisation’s history.
The group’s strong financial performance and commitment to delivering long-term value to its shareholders demonstrate its position as a leading financial market infrastructure group in Nigeria.
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