Daba Finance Inc. and Coronation Securities Limited and Coronation Asset Management Limited have announced a strategic distribution arrangement to improve access to Nigeria's capital market for eligible international investors. The partnership, announced on September 2, 2026, combines Daba's digital platform with Coronation's domestic securities and asset management expertise. It focuses on market intelligence, investor education, and digital access within Nigeria's regulated framework.
Strategic Distribution Arrangement
Under this arrangement, Daba Finance acts as Coronation's corporate client through a trust structure while Coronation provides relevant Nigerian capital-market products to eligible users. The Daba platform manages the client journey, including onboarding, funding, trade placement, and reporting. Nigerian services are provided within the local regulated framework by Coronation Securities Limited and Coronation Asset Management Limited, which are registered with Nigeria's Securities and Exchange Commission.
Market Intelligence and Investor Education
The platform will feature Nigerian market intelligence supported by Coronation's research and market expertise, including market news, data, analysis, and research publications. Investor education will be delivered through Daba Academy and Coronation Investment Academy as well as jointly hosted webinars. The content is designed to help both new and experienced investors understand Nigeria's capital-market instruments, institutions, safeguards, opportunities, and associated risks.
Digital Access and Platform Capabilities
Eligible Daba Finance users can access Nigerian capital-market products made available by Coronation through the Daba platform. The live functionality supports fully digital onboarding, multi-currency funding, investment request or trade placement, and investment reporting. Funding is accepted in multiple currencies, enabling investors in different jurisdictions to participate where their local laws allow.
Leadership Perspectives
Daba Finance Chief Executive Officer Boum III Jr said many Africans in the diaspora and global investors follow African markets closely but find it difficult to participate from a distance. He explained that the arrangement helps close that gap by combining Coronation's deep Nigerian market expertise with Daba's technology and international reach. Chief Product Officer Anthony Miclet added that Daba was built to bring market intelligence, investor education, and access to African investment opportunities into one digital experience.
Coronation Securities Limited Managing Director and Chief Executive Officer Jibola Odedina stated that Nigeria's capital market presents meaningful opportunities for investors seeking exposure to one of Africa's most dynamic economies. He noted that expanding participation requires credible market intelligence, investor confidence, and a clear understanding of the investment environment. Coronation Asset Management Limited Managing Director Aigbovbioise Aig-Imoukhuede emphasized that investor education is fundamental to healthy and sustainable capital markets.
Regulatory Framework and Eligibility
Daba Finance serves eligible clients globally through Daba Advisors LLC, an investment adviser registered with the United States Securities and Exchange Commission. Eligibility is determined by the laws of each client's jurisdiction, while Nigerian capital-market services are delivered by Coronation entities regulated by Nigeria's Securities and Exchange Commission. This structure is intended to provide compliant digital access without bypassing local regulatory safeguards.
The arrangement reflects a shared commitment to improving the quality of information available about Nigeria's capital market, strengthening investor education, and providing compliant digital access to eligible international investors. By integrating Coronation's local expertise with Daba's technology and global reach, the partners aim to make Nigeria's market more visible and understandable to a broader audience. The relevant functionality is currently live on the Daba platform, signaling an immediate step toward deeper international participation.