Nigeria targets Chinese firms for dual listings to deepen Hong Kong ties

Nigeria is encouraging Chinese companies with major local operations to pursue dual listings on the Nigerian Exchange, according to Business Insider Africa, as part of efforts to attract more Asian capital.

NGX Group Chairman Umaru Kwairanga presented the plan during meetings with Hong Kong Exchanges and Clearing, Invest Hong Kong, and Bank of China International. Foreign investors accounted for just 12% of NGX transactions in early 2026.

NGX is also pitching the planned Dangote Refinery IPO to Asian investors, proposing a formal Nigeria–Hong Kong capital corridor and joint investor roadshows to deepen ties.