United Capital Takes Bold Step With 5% Stake in NGX Group, Strengthening Nigeria’s Capital Market Outlook

United Capital Group has strengthened its position in Nigeria’s financial sector after completing the acquisition of a 5% equity stake in the Nigerian Exchange Group Plc (NGX Group), marking a significant move in the country’s capital market landscape. The deal was concluded on Monday, June 15, 2026, and reflects the company’s long-term expansion and investment strategy across Africa.

The NGX Group, which serves as a core pillar of Nigeria’s capital market infrastructure, plays a vital role in capital allocation, market efficiency, and broader economic development. United Capital’s multimillion-naira investment signals strong confidence in the resilience and future growth of Nigeria’s financial ecosystem, even amid global economic uncertainty.

Speaking on the development, Group Chief Executive Officer of United Capital, Peter Ashade, said the acquisition goes beyond ownership—it represents an active commitment to building and strengthening Nigeria’s capital markets. According to him, the company sees itself not just as a participant but as a key driver in shaping market progress and investor confidence.

He further described the investment as a vote of confidence in the leadership and strategic direction of NGX Group, emphasizing that United Capital remains focused on creating long-term value for shareholders while contributing to the development of financial ecosystems across Africa. The firm continues to expand its footprint, with operations spanning 12 countries across West, East, and Central Africa.

This latest move comes amid a series of strategic milestones for United Capital, including the recapitalisation of its subsidiaries ahead of regulatory deadlines and recent licensing approvals in Rwanda and Ethiopia. With its growing pan-African presence, the company is positioning itself as a major force in cross-border investment and capital formation across the continent’s emerging markets.