Connect with us

business

Mr Eazi eyes NGX listing for tech company

Published

on

Mr Eazi

Mr Eazi plans an NGX listing for a technology company, saying he hopes to follow Dangote, Rabiu and Otedola by bringing Nigerian investors into his business

Nigerian musician and entrepreneur Oluwatosin Oluwole Ajibade, popularly known as Mr Eazi, said on Wednesday, August 19, 2026, that he is beginning plans to list a technology company on the Nigerian Exchange, in a move that could give local investors an opportunity to own part of his growing business empire.

Also read: Dollar Demand Falls 35% as Naira Gains Ground

Mr Eazi disclosed the plan in an interview with Nairametrics, describing a future listing as part of his ambition to build businesses that can attract Nigerian and African ownership.

Advertisement

“It will be a pleasure to list a technology company on the NGX,” he said. “I’m just at the beginning of that process.”

The entrepreneur said his ambition was influenced by some of Nigeria’s most prominent businessmen, including Aliko Dangote, Abdul Samad Rabiu and Femi Otedola, who is also his father-in-law.

Mr Eazi said he wanted to follow their example while applying the model to technology and intellectual property businesses.

Advertisement

“I think it will be beautiful to one day be like my egbons,” he said, referring to the Yoruba expression for elder brothers. He named Dangote, Rabiu and Otedola among the businessmen he hopes to emulate.

For Mr Eazi, however, the ambition extends beyond simply taking a conventional company to the stock market.

He described technology and intellectual property as the “new brick and mortar”, suggesting that African founders should increasingly build businesses around digital platforms and locally developed intellectual property.

Advertisement

The potential Mr Eazi NGX listing comes as Nigeria’s capital market is experiencing a notable expansion.

The Nigerian Exchange Group recently told President Bola Ahmed Tinubu that the value of listed equities had risen from about ₦30 trillion in 2023 to approximately ₦160 trillion. NGX Group Managing Director Temi Popoola said the figure could reach ₦230 trillion by the end of 2026, driven partly by new listings.

The exchange has also been encouraging major technology and fintech businesses generating substantial revenues in Nigeria to consider local listings, arguing that domestic capital markets should benefit from the growth of the country’s digital economy.

Advertisement

Against that backdrop, Mr Eazi’s proposed listing could add a different dimension to the market by bringing a business built around entertainment, gaming, technology and intellectual property closer to public investors.

Mr Eazi has steadily expanded beyond his career as an Afrobeats artist.

His business interests are centred around Choplife, a group with interests spanning entertainment, gaming, media, sports and technology. Recent reporting has highlighted the group’s expansion into Nigeria’s digital economy through the Itana Digital Special Economic Zone.

Advertisement

The development reflects the musician’s broader strategy of treating intellectual property as an investable asset rather than limiting his commercial activities to recorded music and live performances.

His career already provides a substantial creative base. Choplife’s official platform says Mr Eazi’s music catalogue has generated more than four billion streams, underlining the scale of the audience behind his wider business activities.

His interests have also extended into gaming, where he has developed businesses around sports and entertainment.

Advertisement

He has investments through Zagadat Capital and serves on the board of fintech company pawaPay, further strengthening his links to the technology and financial sectors.

Choplife’s decision to establish operations at Itana is also part of Mr Eazi’s argument for building technology businesses from Nigeria rather than automatically incorporating them overseas.

The Standard reported that Choplife’s presence at Itana is intended to support its work across technology, gaming, entertainment and intellectual property, while giving the group a base for serving African and international markets.

Advertisement

Mr Eazi has criticised the regulatory and administrative difficulties faced by companies operating across African borders.

He argued that businesses can lose valuable opportunities when they have to repeat licensing and regulatory processes in different countries, even when they are offering essentially the same technology service.

He also pointed to the difficulty Nigerian founders sometimes face when raising capital domestically, arguing that companies incorporated in foreign jurisdictions can be perceived differently by investors.

Advertisement

The issue is particularly relevant as Nigeria seeks to deepen its capital market and encourage more businesses to raise funding locally.

Despite the ambition, Mr Eazi has not announced a specific date or valuation for the proposed listing.

His comments indicate that the project remains at an early stage, meaning the structure of the company to be listed, the size of any potential share offering and the timing of the transaction are yet to be determined.

Advertisement

For now, the proposal represents another significant step in Mr Eazi’s evolution from music star to entrepreneur with interests across technology, gaming, entertainment and finance.

Also read: Dollar Demand Falls 35% as Naira Gains Ground

If completed, a public listing would also mark a notable moment for Nigeria’s creative economy, potentially showing how a business built partly around African entertainment and intellectual property can transition into the formal capital market.

Advertisement
Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

business

Dollar Demand Falls 35% as Naira Gains Ground

Published

on

Dollar

Dollar demand falls 35% to $3.42bn in Nigeria as lower FX outflows and stronger net inflows help the naira gain ground in April (more…)

Continue Reading

Trending