United Capital Group has acquired a 5% equity stake in the Nigerian Exchange Group (NGX Plc), reinforcing its commitment to Nigeria’s capital market and broader financial ecosystem.
- +United Capital acquires 5% equity stake in NGX
The acquisition was disclosed in a statement issued on Monday, June 15, 2026, and signed by the Group General Counsel and Company Secretary, Dr.
The acquisition was disclosed in a statement issued on Monday, June 15, 2026, and signed by the Group General Counsel and Company Secretary, Dr. Leo Okafor.
The transaction marks a milestone in the Group’s long-term growth strategy and positions it as a notable shareholder in one of Nigeria’s key financial market institutions.
According to the statement, the investment reflects United Capital’s confidence in the future of Nigeria’s capital markets and its determination to play a more active role in shaping the sector’s development.
Commenting on the development, Group Chief Executive Officer Peter Ashade described the acquisition as a strong endorsement of the NGX’s leadership and strategic direction.
He added that the investment aligns with the Group’s objective of delivering sustainable long-term value to shareholders while supporting the growth of the financial ecosystems in which it operates.
The Nigerian Exchange Group remains a critical pillar of Nigeria’s capital market infrastructure, serving as a key platform for capital formation, investment activity, and economic development.
With operations spanning 12 countries across West, East, and Central Africa, and service offerings that include investment banking, asset management, securities trading, and wealth management, United Capital said it is well placed to leverage the investment for the benefit of both the Group and the wider market.
The acquisition comes shortly after United Capital secured investment banking licences in Ethiopia and Rwanda, further advancing its pan-African expansion strategy.
The approvals make United Capital the first foreign institution authorised to provide investment banking services in Ethiopia.
The licence allows the Group to offer financial advisory services, securities brokerage, and portfolio management in the country, representing a significant development in Ethiopia’s emerging capital market ecosystem.
