United Capital Group has completed the acquisition of a 5 percent 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, Peter Ashade, Group Chief Executive Officer, United Capital Group, stated: “This acquisition reflects our confidence in
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