United Capital Acquires 5% Stake in NGX Group

United Capital has completed the acquisition of a 5% equity stake in NGX Group (NGX PLC), which signifies a substantial ownership interest in the Nigerian financial system. Dr. Leo Okafor, the Group General Counsel and Company Secretary of United Capital, confirmed the successful conclusion of the transaction.

This acquisition is a key milestone in United Capital's long-term growth strategy. Peter Ashad, the Group Chief Executive Officer of United Capital, stated that the acquisition reflects confidence in Nigeria's capital market and aims to contribute to the growth of the ecosystem.

He emphasized that United Capital is not just a participant in Nigeria's capital market but also a builder of strategic investments in NGX PLC, aligning with the company's broader vision to create and sustain long-term value for its shareholders.