Nigerian Exchange Group Plc (NGX Group) has formally notified the market that FPNG Co-Nvest Limited now holds 5 percent of the issued share capital of the company.
The disclosure, dated February 23, 2026, was made in line with Rule 17.13 of the Rulebook of Nigerian Exchange Limited (Issuers’ Rules), which mandates notification of significant shareholding thresholds.
According to the notice signed by Izuchukwu Akpa, Acting Group Company Secretary, NGX Group was formally informed by FPNG Co-Nvest Limited that its total shareholding reached 5 percent of the company’s issued shares as of February 16, 2025.
Under NGX regulations, any shareholder whose stake reaches or exceeds the 5 percent threshold is required to notify the Exchange, ensuring transparency and timely disclosure to the investing public.
The emergence of a 5 percent shareholder is considered a material development within the capital market, as such holdings may influence voting power at general meetings and strategic corporate decisions.
NGX Group, the parent company of Nigerian Exchange Limited and other market infrastructure subsidiaries, plays a central role in Nigeria’s capital market ecosystem, providing trading, clearing, settlement and market data services.
Market participants will monitor the development for any potential implications regarding board influence, strategic positioning or future share accumulation by the shareholder.
The company reiterated that it maintains a dedicated investors’ relations portal to provide shareholders and stakeholders with up-to-date disclosures, financial information and governance updates.
Further disclosures will be made in accordance with applicable listing and regulatory requirements where necessary.
