How to Check a Company Announcement on the NGX: Results, Corporate Actions and Notices

To check a company announcement on the Nigerian Exchange (NGX), go to the corporate disclosures section of the NGX website, where listed companies' financial results, corporate action notices and other filings are published as submitted by the company through NGX's issuer portal. Every listed company is required to file price-sensitive information with the Exchange, and the Exchange publishes it, so the NGX website is the primary public record of what a company has announced and when.

Where Announcements Are Published

A listed company submits its announcements to NGX electronically through the X-Issuer portal. NGX then makes them available in the corporate disclosures area of ngxgroup.com, which is organised into company results, corporate actions and general notices, with a release calendar showing when results are expected. Each filing is timestamped and attached as the document the company submitted, typically a PDF on the company's letterhead signed by the company secretary.

• NGX website, corporate disclosures: the primary source for anything a listed company has filed.
• The company's own investor relations page: usually carries the same documents, sometimes with additional presentations.
• The registrar: publishes dividend and closure-of-register notices for the companies it serves, and is the contact for questions about your own entitlement.
• NGX's subscription news feeds and licensed market data vendors: redistribute the same filings to brokers and platforms.
• Newspapers: companies also publish certain notices, such as AGM notices and closure of register, in national newspapers as required by company law.

Types of Announcement You Will See

• Financial results: quarterly unaudited results and audited annual results, filed within deadlines set by NGX.
• Corporate actions: dividend declarations, bonus issues, rights issues, scrip dividend schemes, share reconstructions and buybacks, each with its dates.
• Board meeting notices: a company tells the market when its board will meet to consider results, and imposes a closed period in which insiders may not trade.
• AGM and EGM notices: the date, venue and agenda of shareholder meetings.
• Changes in shareholding and directors: notifications of large share purchases or sales, and director appointments and resignations.
• Other price-sensitive news: contracts, regulatory matters, litigation, or a clarification of a press report.

How to Read a Corporate Action Notice

A dividend or bonus notice is short and follows a standard pattern. Reading it correctly is mainly a matter of knowing what each date means and what each figure refers to.

1. The action: what the board has proposed, for example a final dividend per share, an interim dividend, a bonus in a stated ratio, or a scrip dividend alternative. A proposed final dividend still needs shareholder approval at the AGM.
2. Qualification date, also called the record date: the date on which you must be on the register of members to receive the entitlement. Because NGX trades settle on T+1 since 1 June 2026, a purchase has to settle by this date, which means the trade date is at least one business day earlier.
3. Closure of register: a period, often a few days, during which the registrar freezes the register to work out entitlements. Trades still happen, but transfers are not registered until it reopens.
4. Payment date: the date the dividend is paid into mandated bank accounts, or the date bonus or scrip shares are credited to CSCS.
5. AGM date and venue, where the notice is tied to an annual meeting.
6. Signature: the name of the company secretary and the date of the notice. A genuine notice is signed and dated.

Why to Rely on the Source

Announcements travel fast on social media and in messaging groups, and they often arrive with the dates or figures changed, a screenshot cropped to leave out the conditions, or a claim that the company "will" do something it has merely proposed. Reading the filing itself avoids all of that. The NGX record also settles disputes about timing: the timestamp shows when the market was told, which matters if you want to know whether a price move happened before or after the news. If a claim about a listed company cannot be found on the NGX site or the company's own site, treat it as unconfirmed.

This matters as much for protection as for accuracy. Fraudulent messages that quote a real company's name and a real dividend, then direct the reader to a fake registrar link or a fee to "release" the payment, are common. A genuine corporate action never asks shareholders to pay to receive an entitlement, and the payment always goes through the registrar to the bank account on the register.

A Simple Routine

1. Bookmark the NGX corporate disclosures page and the investor relations pages of the companies you hold.
2. When you hear news about a company, find the filing before doing anything else.
3. For a corporate action, note the qualification date, closure of register and payment date in your own calendar.
4. Check that your registrar records and bank mandate are current before the qualification date, so that an entitlement is not held up.
5. Keep a copy of the notice with your records for that holding, alongside your contract notes and CSCS statements.

Checking NGX Announcements: FAQs

Is the NGX announcement the same as the company's annual report?

No. The announcement is a short filing about one matter. The annual report is the full document containing audited accounts, the directors' report and the notice of AGM. Companies file the annual report with NGX too, and it appears in the same disclosures area.

What is the difference between a proposed and a declared dividend?

A final dividend is proposed by the board and becomes payable only when shareholders approve it at the AGM. An interim dividend is declared by the board and does not need a shareholder vote. The notice will say which it is.

How soon after a board meeting are results published?

NGX rules require results to be filed within set periods after the end of the reporting period, and the company must file them with the Exchange before or at the same time as it releases them anywhere else. The release calendar on the NGX site shows expected dates.

Where do I see announcements for a company that is not listed on NGX?

For companies traded on the NASD OTC Securities Exchange, NASD publishes filings on its own website. For other unlisted public companies, the registrar and the company itself are the sources.