Africa’s leading fintech company Flutterwave is making significant strides toward its goal of being listed on the Nigerian Exchange (NGX).
In a recent high-profile meeting, President Bola Tinubu assured the Flutterwave team of his administration’s support as they work towards achieving this milestone.
A delegation from Flutterwave, led by CEO Olugbenga Agboola, visited President Tinubu at the State House, Abuja, alongside key figures such as Minister of Finance Wale Edun and executives from Alami Capital.
During the discussion, President Tinubu reaffirmed his commitment to fostering a business-friendly environment, removing barriers to corporate growth, and supporting fintech innovations that benefit Nigerians and Africans at large.
Flutterwave has become a dominant force in Africa’s digital payment landscape, operating in over 30 countries and serving millions of users. With a valuation exceeding $3 billion, the company has facilitated global transactions while empowering Nigerian businesses and individuals to make seamless payments across borders.
A public listing on the NGX would mark a historic moment, allowing local investors to buy into the company’s success and boosting Nigeria’s fintech sector’s global credibility.
During the meeting, Minister Wale Edun emphasized Flutterwave’s 10-year journey, highlighting how the company has created jobs, diversified the economy, and revolutionized the payment ecosystem. CEO Olugbenga Agboola also pointed out how Flutterwave has enabled Nigerians to pay for international services in Naira and has provided seamless remittance options for those in the diaspora.
However, there’s still work to be done. Dr. Armstrong Ume Takang, Managing Director of MOFI (Ministry of Finance Incorporated), stressed the need for Nigeria to host its own fintech infrastructure rather than relying on foreign servers, which cost companies millions of dollars each month.
While the exact listing timeline is yet to be confirmed, Flutterwave’s engagement with Nigeria’s top economic decision-makers signals that the company is moving closer to making its NGX debut.
With government backing and an ever-expanding footprint across Africa, Flutterwave is poised to reshape Nigeria’s financial landscape, setting the stage for a tech-driven economic future.
