United Capital Buys 5% Stake in NGX Group

Kayode Tokede 

United Capital Group announced that it has completed the purchase of a 5 percent equity stake in the Nigerian Exchange Group (NGX Plc), establishing a notable ownership position in a key pillar of Nigeria’s financial system.

Group General Counsel and Company Secretary, Dr Leo Okafor, said the transaction had been successfully concluded, marking an important milestone in the Group’s long‑term growth strategy.

In a statement, Group Chief Executive Officer Peter Ashade said: “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 in where the capital market is headed, and this is our commitment to supporting them to get there,” he added.

“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.”