Middle East & Africa Stock Loans SEC Nigeria NGN

Nigeria Stock Loans against NGX shares

A stock loan against shares you hold on Nigeria’s principal equity venue — for family offices, founders and controlling shareholders, without selling a single share.

01 · The Market

Middle East & Africa

Nigeria equity markets.

We structure stock loans (securities-backed financing) against Nigeria-listed shares. It lets founders, family offices and controlling shareholders draw liquidity from a concentrated position without selling, without unsettling voting control, and with the full holding recovered on repayment. You stay the beneficial owner throughout.

Nigeria stock loans at a glance:

Listed venue	Nigerian Exchange (NGX)
Regulator	Securities and Exchange Commission, Nigeria (SEC Nigeria)
Currency	NGN
Principal indices	NGX All-Share Index, NGX 30
Structure	Non-recourse, limited- or full-recourse

Regulatory references are published for general orientation and are not legal advice.

02 · Exchanges

One Venue

Each Nigeria exchange, covered.

NGX · Lagos

Nigerian Exchange

The principal exchange of West Africa, demutualised as NGX in 2021. Banking, consumer, and industrial large-caps carry the deepest single-stock liquidity in the region.

View NGX →

03 · FAQ

Nigeria · Stock Loans

What holders ask about Nigeria.

01How much can I borrow against Nigeria-listed shares?

The loan-to-value is set to your holding — its free float, daily traded volume, volatility, and your own regulatory standing. A large-cap with deep free float supports a higher LTV than a thin mid-cap, and a non-recourse structure runs lower than a full-recourse one on the same stock. We quote indicative ratios only after reviewing the position.

02Which Nigeria exchanges can I borrow against?

We cover Nigerian Exchange (NGX). Financing is arranged against shares listed there; which venue applies depends on the issuer’s primary listing and how the holding trades.

03What currency can the facility be drawn in?

The default is NGN, the listing currency. Cross-currency structures — drawing a USD or EUR loan against the position — are common, and bring hedging, settlement and tax points we set out expressly in the documentation.

04Who regulates these transactions in Nigeria?

Securities and Exchange Commission, Nigeria (SEC Nigeria) is the principal regulator. Black Haven Investments lends as principal; lending and any regulated activity are conducted by, or through, appropriately licensed or registered entities in the relevant jurisdiction.

04 · Adjacent Markets

Middle East & Africa

Countries adjacent to Nigeria.

Saudi Arabia · United Arab Emirates · Israel · South Africa · Qatar · Kuwait · Egypt

All countries →

A particular Nigeria holding to talk through?

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