Nigeria wants startup listings at home. It must first create the right conditions

Nigeria wants its biggest startups to list at home, but policy alone won’t make that happen. Deeper markets, liquidity, and market infrastructure must come first.
8 minute read
Nigeria wants startup listings at home. It must first create the right conditions

On the sidelines of the UN General Assembly in September 2023, Nigerian policymakers and business leaders gathered in New York for an event titled Invest in Africa’s Future — Let’s Talk About Exits.

Among those in attendance were Flutterwave CEO Olugbenga Agboola, NGX CEO Temi Popoola, and Minister of Communications Bosun Tijani. A key topic of discussion was Flutterwave’s eventual IPO, with Popoola making the case for the fintech to list on the Nigerian Exchange.

Three years later, that vision remains unrealised. Flutterwave has shelved IPO discussions as it prioritises profitability, while Popoola is still searching for the first tech listing of his tenure.

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Last updated: August 20, 2026