Nexamont Buys 21.4% Stake in Royal Exchange Plc for ₦3.6 Billion
Lagos, Nigeria | September 22, 2025 Investment company Nexamont Limited has acquired a 21.4% equity stake in insurance and financial services group, Royal Exchange Plc, in a deal valued at ₦3.6 billion, marking a significant shift in the firm’s ownership structure. The transaction, which was finalized on the Nigerian Exchange (NGX), saw Nexamont purchase 2.79