Flutterwave, a leading global fintech company, has announced plans to list its shares on the Nigerian Exchange (NGX). The company disclosed this during a courtesy visit to President Bola Tinubu at the State House in Abuja.

Valued at $3 billion, Flutterwave was founded by young Nigerian entrepreneurs and operates in the United States, Canada, Nigeria, Kenya, Uganda, Ghana, South Africa, and 29 other African countries. With a projected market valuation exceeding N4.5 trillion at the current exchange rate, Flutterwave is set to become the largest financial services company on the NGX and the fifth most capitalized entity, trailing Dangote Cement, Airtel Africa, BUA Foods, and MTN Nigeria.

Market analysts predict strong initial investor interest, potentially pushing Flutterwave into the top three most valuable companies on the exchange.

Government Support for Fintech Growth

During the meeting, President Tinubu reaffirmed his administration’s commitment to supporting businesses in the financial technology sector. He emphasized Nigeria’s openness to investment and pledged to eliminate obstacles hindering business growth.

The delegation was led by Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, and included Flutterwave’s Chief Executive Officer, Olugbenga Agboola, co-founder Adeleke Adekoya, as well as executives Oluwabankole Falade and Mitesh Popat. Also present were Alami Capital CEO Oluseun Olufemi-White, MOFI Managing Director Dr. Armstrong Ume Takang, and NITDA Director-General Dr. Inuwa Kashifu Abdullahi.

Tinubu praised Flutterwave for its role in strengthening Nigeria’s digital economy, noting that its success reflects the potential of the country’s youthful and innovative population.

Driving Economic Growth and Financial Inclusion

Minister Edun highlighted Flutterwave’s impact over the past decade, citing its contributions to job creation, economic diversification, and the development of digital payment solutions across Africa.

CEO Agboola reiterated Flutterwave’s commitment to simplifying global payments for Nigerians. The company has enabled seamless transactions for Nigerians paying for international services in naira and provided efficient remittance platforms for Nigerians in the diaspora.

Agboola expressed the company’s ambition to list on the NGX and sought the president’s support in facilitating the process.

Dr. Takang emphasized the importance of positioning Nigerian companies like Flutterwave for greater continental influence. He suggested leveraging local hosting services, such as Galaxy Backbone, to retain more fintech revenues within Nigeria.

With its planned listing, Flutterwave is set to reinforce Nigeria’s position as a hub for fintech innovation while expanding access to digital financial services across Africa.