United Capital acquires 5% stake in NGX Group

United Capital Group, a leading pan-African investment banking and financial services group, has completed the acquisition of a five per cent equity stake in the Nigerian Exchange Group Plc. The financial institution announced the successful conclusion of the transaction on Monday, 15 June 2026, marking a significant milestone in the group’s long-term corporate growth and expansion strategy. As a cornerstone of Nigeria’s capital market infrastructure, NGX Group plays a pivotal role in facilitating capital allocation, enhancing market efficiency, and supporting the federal government’s broader economic development objectives. United Capital’s multimillion-naira investment underscores its deep confidence in the future of the domestic financial ecosystem. Speaking on the landmark equity acquisition, the Group Chief Executive Officer of United Capital Group, Peter Ashade, noted that the transaction reflects a responsibility to actively support market development and investor confidence. He 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.” Related News FirstBank daily loan payouts hit N1bn milestone Oando awaits regulatory nod to publish 2025 results CBN orders banks to localise payments data The United Capital boss further noted that the investment represents a firm endorsement of the current market leadership, saying, “It is our vote of confidence in the leadership and strategic direction of the NGX, and where the capital market is headed, and this is our commitment to supporting them to get there. 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.” With a growing operational footprint spanning 12 countries across West, East, and Central Africa, United Capital is uniquely positioned to leverage this new equity stake to drive cross-border investments and enhance capital formation across the continent. The group’s full-service suite covers investment banking, asset management, securities trading, wealth management, consumer finance, trusteeship, and microfinance banking. The regulatory filing notes that this development follows a series of recent strategic milestones for the investment banking group, including