United Capital acquires strategic equity stake in NGX Group
United Capital Group, on Monday said it has completed the acquisition of a Five per cent equity stake in the Nigerian Exchange Group (NGX Plc), securing a significant ownership in one of the most important institutions at the heart of Nigeria’s financial system.
The transaction has been successfully concluded, marking a significant milestone in the Group’s long-term growth strategy.
The Nigerian Exchange Group serves as a cornerstone of Nigeria’s capital market infrastructure and plays a critical role in advancing the nation’s economic development objectives. United Capital’s equity investment in NGX Plc reflects its confidence in the future of the Nigerian capital market and underscores its commitment to supporting the institutions that drive market development, investor confidence, and economic prosperity. It also positions the Group to contribute meaningfully to the future evolution of Nigeria’s financial ecosystem.
Speaking on the development, Group Chief Executive Officer, United Capital Group, Peter Ashade stated: “This acquisition reflects our confidence in Nigeria’s capital markets and our responsibility to contribute to their growth actively. We have always said that United Capital is not just a participant in Nigeria’s capital markets; we are also builders.
“This strategic investment in NGX Plc is exactly that: we are building for impact. It is our vote of confidence in the leadership and strategic direction of the NGX, and where the capital market is headed, and this is our commitment to supporting them to get there.
“This strategic investment is consistent with United Capital’s broader vision: to create sustainable, long-term value for its shareholders while playing an active role in advancing the ecosystems in which we operate.”
With a growing footprint across 12 countries across West, East, and Central Africa, along with a full-service suite covering investment banking, asset management, securities trading, and wealth management, United Capital is uniquely positioned to leverage this equity stake in ways that benefit both the Group and the wider market.
