United Capital Group has acquired a 5% equity stake in the Nigerian Exchange Group (NGX Plc), according to a statement released Monday, June 15, 2026. The document was signed by Dr. Leo Okafor, the Group’s General Counsel and Company Secretary. The move is described as a milestone in United Capital’s long-term strategy, positioning the firm as a notable shareholder in Nigeria’s financial sector.
The investment highlights United Capital’s belief in Nigeria’s capital markets. The statement emphasized the firm’s intent to “play a more active role in shaping the sector’s development.” This aligns with the Group’s broader goal of contributing to sustainable growth in the markets it operates within.
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Group CEO Peter Ashade called the acquisition a “strong endorsement” of NGX’s leadership. “We are not just participants in Nigeria’s capital markets; we are builders,” he said. The investment, he added, reflects United Capital’s commitment to creating “lasting impact” and supporting institutions that drive economic progress.
NGX remains a vital part of Nigeria’s financial infrastructure. It serves as a platform for capital formation, investment activity, and economic development. United Capital’s stake is expected to deepen its involvement in the evolution of Nigeria’s financial services setting.
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The transaction, which was completed recently, marks a significant step in United Capital’s journey. It reflects the firm’s confidence in Nigeria’s capital markets and its determination to play a more active role in their future. The investment is expected to yield benefits for both the Group and the Nigerian financial ecosystem.
The investment is expected to enhance United Capital’s influence in Nigeria’s capital markets. It also reinforces the firm’s position as a strategic partner in shaping the region’s financial setting. Officials said the move aligns with efforts to support institutions that drive long-term economic growth.
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United Capital’s stake in NGX comes at a time of increased interest in Nigeria’s financial sector. The firm’s leadership has emphasized its responsibility to contribute actively to market development. This acquisition is viewed as a step toward achieving that goal.