FG to Invest $75m in Flutterwave Amid Firm’s IPO Plans

Tinubu Approves $75m Investment in Flutterwave Ahead of IPO

President Bola Tinubu has approved a $75 million federal government investment in Flutterwave, as the Nigerian fintech giant moves closer to completing its initial public offering.  At the current official exchange rate of N1,343.64 to the dollar, that amounts to roughly N100.7 billion — about 0.15 percent of Nigeria’s entire 2026 budget. The announcement was … The post Tinubu Approves $75m Investment in Flutterwave Ahead of IPO appeared first o…

Nigeria to Invest $75m in Flutterwave’s IPO Drive

By Adedapo Adesanya President Bola Tinubu has given approval for the investment of $75 million in Flutterwave, as part of the payments company’s efforts to raise $250 million through an Initial Public Offering (IPO). The investment is expected to be executed through the Ministry of Finance Incorporated (MoFI), according to reports on Monday. Since its […]

FG to invest $75m in Flutterwave amid firm’s IPO plans

President Bola Tinubu has reportedly approved a $75 million investment in Flutterwave, as the company’s initial public offer (IPO) plans near completion. Dada Olusegun, special assistant to the president on social media, announced the federal government’s capital injection approval in a post on X on Monday. “President Bola Ahmed Tinubu has given approval for the investment of $75 million in Flutterwave, as plans for the deal move closer to compl…

Flutterwave denies knowledge of reported $75 million Nigerian government investment

Flutterwave denies reports of a $75 million government investment and says it is not close to an IPO.

Nigeria Government Wants To Invest $75 Million for Flutterwave's Planned IPO

The federal government is eyeing a $75 million stake in Flutterwave's planned $250 million public offering The post Nigeria Government Wants To Invest $75 Million for Flutterwave’s Planned IPO appeared first on Tech Labari.

FG Invests $75 Million In Flutterwave To Support Planned $250 Million IPO

The Federal Government has approved a $75 million equity investment in Flutterwave as part of efforts to support the company’s planned $250 million initial public offering (IPO). The investment will be executed through the Ministry of Finance Incorporated (MoFI), the government’s investment vehicle responsible for managing federal assets and equity holdings. The transaction is understood […] The post FG Invests $75 Million in Flutterwave to Supp…