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.
