Nigeria: Daba, Coronation Open Nigerian Market Access to Global Investors
[Daba Finance] Daba Finance and Coronation have agreed a distribution arrangement that will give eligible investors outside Nigeria digital access to Nigerian capital-market products, as the country's equities rally and it prepares to return to FTSE Russell's Frontier Market index universe later this month. The companies announced the agreement on September 2 in Lagos and Miami.
Nigeria's equities market is opening up to global investors through a distribution agreement between Daba Finance and Coronation. This partnership will provide eligible investors outside Nigeria with digital access to Nigerian capital-market products via the Daba platform, while Coronation Securities and Coronation Asset Management deliver the underlying services within the regulated Nigerian market.
The deal covers market intelligence, investor education, and digital access, with Daba providing Nigerian market news, data, analysis, and research, along with educational courses through Daba Academy and Coronation Investment Academy. Both companies will also host webinars focused on Nigerian securities, risks, institutions, and market structure.
This partnership aims to bridge the gap for foreign investors who have faced challenges in accessing the Nigerian market due to issues like foreign-exchange shortages, capital controls, and repatriation delays. The NGX All-Share Index has shown impressive performance, rising by 57% in 2026, and Nigeria is set to rejoin FTSE Russell's Frontier Market classification from September 21.
The goal is to convert this interest into sustained cross-border flows through improved onboarding, multi-currency funding, and clearer research, potentially setting a model for other African capital markets to follow.
Written by urgent.news from AllAfrica's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
