The Securities and Exchange Commission has stated that listed companies on the Nigerian Exchange declared a total dividend of N1.1 tn for shareholders in 2024.
The Director-General of SEC, Emomotimi Agama, disclosed this at the first quarter Capital Market Committee meeting held recently in Lagos.
Agama noted that N1tn of the total dividend declared had already been paid to shareholders, reflecting improved investor confidence and returns. He added that between January and December 2024, the commission approved new issues valued at N3.68tn.
This included N59.82bn from fixed-income issuances and N3.62tn from equities, indicating strong investor appetite for the equity segment. “For the period spanning January to April 2025, we have so far approved new issues worth approximately N446.38bn.
Of this, N265.90 bn came from fixed-income instruments, while N180.48bn was mobilised through equities,” he said. On mergers and acquisitions, Agama said the commission approved 11 transactions in 2024 with a combined value of N320.36bn.
The most notable among them, he said, was the acquisition of a 58.02 per cent equity stake in Guinness Nigeria Plc by N Seven Nigeria Ltd., valued at over N103.7bn.
