Flutterwave, Led By Olugbenga Agboola, Plans Nigerian Exchange Listing With Focus On Profitability

Flutterwave, the San Francisco and Lagos-based fintech giant led by Nigerian tech entrepreneur Olugbenga Agboola, is considering a listing on the Nigerian Exchange NGX. The companys leadership made this known during a visit to Nigerias Presidential Villa in Abuja on Saturday. This comes as Flutterwave continues to emphasize that its long-awaited initial public offering IPO will only happen once the company becomes profitable .

President Bola Tinubu, in a show of support for the fintech sector, assured the company of his administrations commitment to creating a business-friendly environment. Nigeria is genuinely open to business, and as President, I am determined to remove all obstacles to allow companies to thrive, Tinubu said during the meeting with Flutterwave and Alami Capital executives at the Presidential Villa.

The delegation included Flutterwave CEO Olugbenga Agboola, co-founder Adeleke Adekoya, Chief Regulatory and Government Affairs Officer Oluwabankole Falade, and Mitesh Popat. Also present was Oluseun Olufemi-White, CEO of Alami Capital. The meeting underscored the governments interest in fostering growth within Nigerias fintech sector and supporting companies like Flutterwave in their efforts to drive economic development.

Tinubu praised Flutterwaves contributions to the digital economy, particularly recognizing the role of young Nigerians in the companys success. The leadership Flutterwave provides in the digital world is what Nigeria needs today to grow its economy and make life easier for most of its population, he said.

Agboola, in turn, highlighted Flutterwaves impact, including its role in facilitating global payments for Nigerians and enabling diaspora remittances. Flutterwave, valued at over 3 billion, is a Nigerian export and brand employing over 1,000 Nigerians, he said, formally requesting Tinubus support for the companys ambitions to list on the NGX.