The Nigerian Exchange Group (NGX) and the Abu Dhabi Securities Exchange (ADX) are deepening talks on a strategic partnership designed to channel more Middle Eastern capital into Africa’s fast-growing economies. The collaboration is aimed at strengthening cross-border investment flows while positioning Nigeria as a key gateway for global investors exploring opportunities across the continent.
At the center of the discussions is a shared ambition to unlock funding for critical sectors such as energy, infrastructure, oil and gas, and technology. With Africa’s markets continuing to attract global attention, both exchanges are working to create smoother pathways for institutional investors from the Gulf region to participate in African growth stories.
Speaking during a visit to ADX, Chairman of NGX Group, Dr. Umaru Kwairanga, described the engagement as the start of a mutually beneficial relationship that could reshape investment ties between Africa and the Middle East. He noted that the United Arab Emirates has built a strong and stable investment environment, offering lessons for emerging markets aiming for sustainable growth.
Kwairanga also highlighted the strong performance of Nigeria’s capital market over the last two years, pointing to rising market capitalization, improved investor confidence, and increased participation from both local and foreign investors. He credited ongoing economic reforms and President Bola Tinubu’s investment diplomacy for helping restore global interest in Nigerian assets.
A major highlight of the discussions is the planned initial public offering (IPO) of the Dangote Petroleum Refinery, which is expected to become one of Africa’s most significant listings. Both exchanges are also exploring long-term collaboration through cross-border listings, financial innovation, and capacity-building initiatives that could further integrate African and Middle Eastern capital markets.
