Flutterwave seeks President Tinubu’s support for listing on Nigeria’s NGX

This was revealed in a statement on Saturday by Bayo Onanuga, Special Adviser to the President (Information & Strategy).

The request was made during a meeting with the President on Saturday.

According to the statement, Mr. Wale Edun, Minister of Finance and Coordinating Minister of the Economy, led a delegation to meet President Tinubu on Saturday.

He added that Flutterwave, valued at over $3 billion, is a Nigerian export and brand employing over 1,000 Nigerians, underscoring the need for continuous government support.

He stated, “The company seeks to be listed on the Nigerian Exchange and solicited the President’s support.”

On his part, Dr. Armstrong Ume Takang, Managing Director and Chief Executive of the Ministry of Finance Incorporated (MOFI) said that Nigeria must strategically position the products and services offered by Nigerian companies such as Flutterwave.

In response, President Tinubu stated that his administration will continue to support businesses in the financial technology sector that provide payment infrastructure services for Nigerians and Africans.

He assured that Nigeria is genuinely open to business, promising to remove all “obstacles” to allow companies to thrive.

Mr. Wale Edun also noted that Flutterwave and other companies have created jobs and helped diversify the economy by providing innovative digital platforms and payment services in Nigeria and across Africa.

The Nigerian Exchange is a stock exchange that allows investors to trade and list securities.

The year’s equity activities reflected a strategic mix of public offerings, rights issues, and private placements as companies raised capital to comply with regulatory mandates, address foreign exchange challenges, and fund strategic growth initiatives.